NOT LISTED FOR SALE

557 W Broadway Unit 561 Paterson, NJ 07522

Estimated Value: $540,836 - $761,000

6 Beds
3.5 Baths
2,172 Sq Ft
$300/Sq Ft Est. Value

Last Sold November 11, 2019

Last sale price $350,000 $161 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $4,536/month

35 Days on Market

About This Home

As of November 2019

Great investment opportunity on this multi family with a storefront and 2 car garage. The property is 9470 SF and in the Hillcrest section. The adjacent property of over 10000 sf is also available and if combined offer almost 1/2 acre of prime property. The possibilities are endless.

Last Agent to Sell the Property

Patricia Zuk

Giaccio Signature Properties, LLC Listed on: 07/23/2019

Last Buyer's Agent

Mayra Perez

Giaccio Signature Properties, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,873

Lot Details

  • 9,470 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built between 1900 - 1939
  • Clapboard

Bedrooms and Bathrooms

  • 6 Bedrooms

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools

Utilities

  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 160801103 00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,873

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 2 Family
  • Lifestyle: Close/Parks, Close/School, Close/Trans, Close/Wrshp
  • Views/Exposure: None
  • Year Built: 1900-1939
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 14
  • Fireplace: None
  • Bedrooms: 6
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Partial Bathroom: 1
  • Basement: Unfinished
  • Laundry: None

Exterior Features

  • Waterfront: None
  • Exterior Finish: Clapboard

Garage/Parking

  • Garage: 2 Car

Utilities

  • Heating: Gas
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Cooling: None

Lot Info

  • County Name: PASSAIC
  • Lot: 00003
  • Estimated Lot Sq Ft: 9470
  • Lot Description: Regular

Tax Info

  • Tax: 8873
  • Assessor Parcel Number: 160801103 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2019
Closed on
Nov 11, 2019
Sold by
Slegel Barbara M and Mueller Patricia M
Bought by
Ahmed Mohammed H and Uddin Chomon
Seller's Agent
Patricia Zuk
Giaccio Signature Properties, LLC
Buyer's Agent
Mayra Perez
Giaccio Signature Properties, LLC
List Price
$249,000
Sold Price
$350,000
Premium/Discount to List
$101,000
40.56%
Total Days on Market
35
Current Estimated Value
$652,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,459
Avg. Annual Appreciation
11.85%
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
Ahmed Mohammed H $477,000 Main Street Title & Setmnt
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/11/2019 11/11/19 Sold $350,000 +40.6% $161 / Sq Ft
08/27/2019 08/27/19 Pending -- -- --
07/23/2019 07/23/19 For Sale $249,000 -- $115 / 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 $10,492 $214,000 $87,300 $126,700
2022 $9,934 $214,000 $87,300 $126,700
2021 $9,579 $214,000 $87,300 $126,700
2020 $8,935 $214,000 $87,300 $126,700
2019 $8,586 $207,700 $83,900 $123,800
2018 $8,873 $205,100 $83,300 $121,800
2017 $8,470 $203,600 $82,800 $120,800
2016 $9,325 $214,900 $87,200 $127,700
2015 $8,828 $214,900 $87,200 $127,700
2014 $10,956 $377,800 $182,100 $195,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 1934764

New Jersey MLS

APN: 08-01103-0000-00003