NOT LISTED FOR SALE

554 E 24th St Unit 556 Paterson, NJ 07514

Eastside Neighborhood

Estimated Value: $553,000 - $636,000

4 Beds
2.5 Baths
1,864 Sq Ft
$316/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $360,000 $193 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,315/month

42 Days on Market

About This Home

As of October 2020

2 FAMILY. 1ST FL HAS 2 BRS, LIV, DIN, EIK & DINRM - 2ND FL HAS SAME PLUS 2 BRMS & 1/2 BATH IN ATTIC. HUD Home. Sold "AS IS" by elec. bid only. Prop avail 06-05-20. Bids due by 06-09-20 11:59 P.M. Central Time then daily until sold. LBP. (UI)Uninsured . Eligible for FHA 203K. Conv. Cash. !see attached docm's. For Prop conditions, Forms, Discl & Avail please visit: hud home store website

Last Agent to Sell the Property

Luis Perez

Gold Team Realty Listed on: 05/05/2020

Last Buyer's Agent

Fausto Codio

A2ndChance Group Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,962

Lot Details

  • 5,001 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built in the 1950s

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Heating System Uses Gas

Additional Features

  • Finished Basement

Listing and Financial Details

  • Assessor Parcel Number 160803405 00008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,962

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 2 Family
  • Lifestyle: None
  • Views/Exposure: None
  • Year Built: 1950's
  • Miscellaneous: None
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 10
  • Fireplace: None
  • Bedrooms: 4
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Partial Bathroom: 1
  • Basement: Finished
  • Laundry: None

Exterior Features

  • Waterfront: None
  • Exterior Finish: Other

Garage/Parking

  • Garage: O/See Remk

Utilities

  • Heating: Gas, O/See Remk
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: O/See Rmks
  • Cooling: None

Lot Info

  • County Name: PASSAIC
  • Lot: 00008
  • Estimated Lot Sq Ft: 5001
  • Lot Description: Regular

Tax Info

  • Tax: 9962
  • Assessor Parcel Number: 160803405 00008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2020
Closed on
Oct 9, 2020
Sold by
Secretary Of Housing & Urban Development
Bought by
Soto Victor M and Soto Victor E
Seller's Agent
Luis Perez
Gold Team Realty
Buyer's Agent
Fausto Codio
A2ndChance Group Realty
List Price
$220,000
Sold Price
$360,000
Premium/Discount to List
$140,000
63.64%
Total Days on Market
42
Current Estimated Value
$589,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,562
Avg. Annual Appreciation
11.22%
Original Mortgage
$381,257
Outstanding Balance
$342,346
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$247,216

Purchase Details

Closed on
Sep 19, 2019
Sold by
Flagstar Bank Fsb
Bought by
Secretary Of Hsng & Urban Dev Of Wa Dc

Purchase Details

Closed on
May 16, 2016
Sold by
Secretary Of Hud
Bought by
Flagstar Bank Fsb

Purchase Details

Closed on
Dec 15, 2010
Sold by
Sanders Lola and Allen Trachelle
Bought by
Secretary Of Hud

Purchase Details

Closed on
Jun 28, 2007
Sold by
Panduro Mario
Bought by
Lizano Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,060
Interest Rate
6.48%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Soto Victor M $360,000 Advent Title Agency Llc
Secretary Of Hsng & Urban Dev Of Wa Dc -- None Available
Flagstar Bank Fsb -- Meridian Title
Secretary Of Hud -- Attorney
Lizano Veronica $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soto Victor M $381,257
Previous Owner Lizano Veronica $372,060
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2020 10/13/20 Sold $360,000 +63.6% $193 / Sq Ft
06/16/2020 06/16/20 Pending -- -- --
05/05/2020 05/05/20 For Sale $220,000 -- $118 / Sq Ft
Source: New Jersey 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
2024 $12,076 $246,300 $53,800 $192,500
2022 $11,433 $246,300 $53,800 $192,500
2021 $11,024 $246,300 $53,800 $192,500
2020 $10,283 $246,300 $53,800 $192,500
2019 $9,963 $241,000 $53,000 $188,000
2018 $9,465 $218,800 $52,600 $166,200
2017 $9,027 $217,000 $52,300 $164,700
2016 $9,936 $229,000 $55,000 $174,000
2015 $9,407 $229,000 $55,000 $174,000
2014 $12,369 $426,500 $168,800 $257,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 20015527

New Jersey MLS

APN: 08-03405-0000-00008