$355,650
- 6 Beds
- 2 Baths
- 259 12th Ave
- Paterson, NJ
FULL GUT RENOVATION. SHORT SALE APPROVAL PENDING. Please email your HIGHEST and BEST offer today 3/3/2025 no later than 4pm. Thank you
MELONIE MCPHERSON-PEETS ARC REAL ESTATE
554 E 24th St Unit 556 Paterson, NJ 07514
Eastside Neighborhood
4
Beds
2.5
Baths
1,864
Sq Ft
5,001
Sq Ft Lot
About This Home
As of October 20202 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
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
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%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,942
Avg. Annual Appreciation
10.96%
Original Mortgage
$381,257
Outstanding Balance
$342,346
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$244,596
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
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $360,000 | Advent Title Agency Llc | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | Meridian Title | |
| Sheriffs Deed | -- | Attorney | |
| Deed | $375,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $381,257 | FHA | |
| Previous Owner | $372,060 | FHA |
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
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
-
Luis Perez
L
Seller's Agent in 2020
Luis Perez
Gold Team Realty
(973) 722-0579
9 in this area
48 Total Sales
-
Fausto Codio
Buyer's Agent in 2020
Fausto Codio
A2ndChance Group Realty
(973) 270-0307
11 in this area
34 Total Sales
Map
Source: New Jersey MLS
MLS Number: 20015527
APN: 08-03405-0000-00008
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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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