NOT LISTED FOR SALE

557 Summer St Paterson, NJ 07501

Eastside Neighborhood

Estimated Value: $454,000 - $513,000

Studio
2 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold November 22, 2016

Last sale price $90,000

Est. 440% increase in value since last sale

Current estimated payment $3,055/month

106 Days on Market

About This Home

As of November 2016

This home is located at 557 Summer St, Paterson, NJ 07501 since 28 January 2016 and is currently estimated at $486,197. 557 Summer St is a home located in Passaic County with nearby schools including Dale Avenue Elementary School, Edward W. Kilpatrick School of Discovery, and Paterson Public School No. 3.

Last Agent to Sell the Property

EDIS THEN

REALTY ONE GROUP LEGEND Brokerage Phone: 973-686-7777 Listed on: 01/28/2016

Last Buyer's Agent

EDIS THEN

REALTY ONE GROUP LEGEND Brokerage Phone: 973-686-7777 Listed on: 01/28/2016

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

2,614 Sq Ft Lot

Listing Details

  • County Name: Passaic
  • I D: 4595118
  • Attribution Contact: 973-686-7777
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2016
Closed on
Nov 22, 2016
Sold by
Parria Nicolas and Parria Maria
Bought by
Duran Camilo Nunez
Seller's Agent
EDIS THEN
REALTY ONE GROUP LEGEND
Buyer's Agent
EDIS THEN
REALTY ONE GROUP LEGEND
List Price
$69,900
Sold Price
$90,000
Premium/Discount to List
$20,100
28.76%
Current Estimated Value
$486,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,197
Avg. Annual Appreciation
19.84%

Purchase Details

Closed on
May 24, 2005
Sold by
Parra Nicolas
Bought by
Parra Nicolas and Parra Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
5.79%

Purchase Details

Closed on
May 21, 1999
Sold by
Gela Social Club Inc
Bought by
Parra Nicolas and Lopez Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 6, 1999
Sold by
Fernandez Jose
Bought by
Gela Social Club Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 11, 1996
Sold by
Gela Social Club Inc
Bought by
Fernandez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
8.24%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Duran Camilo Nunez $90,000 None Available
Parra Nicolas -- --
Parra Nicolas $65,000 --
Gela Social Club Inc -- --
Fernandez Jose $59,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parra Nicolas $191,250
Previous Owner Parra Nicolas $55,000
Previous Owner Fernandez Jose $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2016 11/22/16 Sold $90,000 +28.8% --
05/13/2016 05/13/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $69,900 -- --
Source: Garden State MLS

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 $6,303 $123,700 $19,700 $104,000
2024 $6,065 $123,700 $19,700 $104,000
2022 $5,742 $123,700 $19,700 $104,000
2021 $5,537 $123,700 $19,700 $104,000
2020 $5,164 $123,700 $19,700 $104,000
2019 $5,002 $121,000 $19,400 $101,600
2018 $5,161 $119,300 $19,300 $100,000
2017 $4,925 $118,400 $19,200 $99,200
2016 $5,428 $125,100 $20,300 $104,800
2015 $5,139 $125,100 $20,300 $104,800
2014 $8,181 $282,100 $100,000 $182,100
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2016

    EDIS THEN

    REALTY ONE GROUP LEGEND

  • Johnny Rodriguez

    Buyer Co-Listing Agent in 2016

    Johnny Rodriguez

    REALTY ONE GROUP LEGEND

    (973) 390-7319

    9 in this area

    28 Total Sales

    Johnny Rodriguez
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Map

Source: Garden State MLS

MLS Number: 3278259

Garden State MLS

APN: 08-06317-0000-00007

New Jersey Passaic County Paterson 07501 Eastside

557 Summer St, Paterson, NJ

Not Listed for Sale

MultiFamily

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