NOT LISTED FOR SALE

553 Otto Place Paramus, NJ 07652

Estimated Value: $995,000 - $1,168,000

4 Beds
2.5 Baths
2,312 Sq Ft
$470/Sq Ft Est. Value

Last Sold May 20, 2020

Last sale price $685,000 $296 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $6,636/month

48 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Formal Dining Room
  • Paramus High School Rated A-
  • Main Floor Bedroom
  • 2 Car Attached Garage

About This Home

As of May 2020

Spring is Here and This Lovely Home is Ready for New Owners...This 4 BR, 2.5 Bath Bi Level is in a Desirable and Convenient Paramus Westside Location...It Offers an Open Floor Plan and Neutral Decor...Just Painted...Features Many Updates including Cherry Kitchen with Granite Counters and SGD to Large Deck, Updated Baths, Hardwood Floors, Newer Roof (2018), CAC (2017), Windows (2014), 2 Car Garage and Lots More! Close to NY Transportation, Schools, Town Pool and Shopping! Paramus Offers Low Taxes, Great Schools and Services! Don't Miss This Opportunity to Make This Home Your Own!

Last Agent to Sell the Property

ALINA C. NOLAN

COLDWELL BANKER REALTY RDG Listed on: 03/11/2020

Last Buyer's Agent

Kimberly Lesser

CHRISTIE'S INT. REAL ESTATE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,067

Year Built

  • Built in 1970

Lot Details

  • Irregular Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Bi-Level Home
  • Vinyl Siding

Interior Spaces

  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Eat-In Kitchen

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 1146-04914-0000-00013-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,067

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Style: Bi-Level
  • Primary Style: Bi-Level
  • Subproperty Type: Single Family
  • Year Built: 1970
  • Year Built Description: Approximate
  • County Name: Bergen
  • Directions: Midland Ave to Otto
  • I D: 4970407
  • First Name: ALINA C.
  • First Name3: KIMBERLY
  • Last Name: NOLAN
  • Last Name3: LESSER
  • Office Phone: 201-493-2996
  • Office Phone3: 201-445-9500
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Wood
  • Appliances: Dryer, Refrigerator, Washer
  • Bedrooms: 4
  • Master Bedroom Desc: 1st Floor, Full Bath
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Level: Ground
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Dining Room Level: First
  • Family Room Level: Ground
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Level: First
  • Living Room Level: First
  • Level 1 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other, Dining Room, Foyer, Kitchen, Living Room
  • Ground Level Rooms: 1 Bedroom, Family Room, Laundry Room, Powder Room
  • Phone: 201-445-9400

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Underground Lawn Sprinkler

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener
  • Number Garage Spaces: 2
  • Parking Driveway Description: 2 Car Width

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 109XIRR. 5.3LT
  • Easement: Unknown
  • Lot Description: Irregular Lot
  • Lot I D Tax: *
  • Lot Size Tax: *

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 10067
  • Assessor Parcel Number: 1146-04914-0000-00013-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 1.856
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2020
Closed on
May 19, 2020
Sold by
Ishayik Ezra and Ishayik Shoshana
Bought by
Bhatt Viral A and Pilla Satishkrishna
Seller's Agent
ALINA C. NOLAN
COLDWELL BANKER REALTY RDG
Buyer's Agent
Kimberly Lesser
CHRISTIE'S INT. REAL ESTATE GROUP
List Price
$685,000
Sold Price
$685,000
Current Estimated Value
$1,087,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$402,101
Avg. Annual Appreciation
8.60%
Original Mortgage
$650,750
Interest Rate
2.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bhatt Viral A $685,000 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bhatt Viral A $650,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2020 05/20/20 Sold $685,000 0.0% $296 / Sq Ft
04/28/2020 04/28/20 Pending -- -- --
03/11/2020 03/11/20 For Sale $685,000 -- $296 / Sq Ft
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,499 $839,800 $448,700 $391,100
2024 $11,161 $759,500 $387,800 $371,700
2023 $10,577 $727,600 $369,800 $357,800
2022 $10,577 $681,500 $345,300 $336,200
2021 $10,308 $623,200 $314,400 $308,800
2020 $9,945 $623,500 $319,400 $304,100
2019 $10,067 $542,400 $310,000 $232,400
2018 $9,942 $542,400 $310,000 $232,400
2017 $9,769 $542,400 $310,000 $232,400
2016 $9,503 $542,400 $310,000 $232,400
2015 $9,405 $542,400 $310,000 $232,400
2014 $9,324 $542,400 $310,000 $232,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3622904

Garden State MLS

APN: 46-04914-0000-00013