NOT LISTED FOR SALE

56 E 16th St Paterson, NJ 07524

Riverside Neighborhood

Estimated Value: $643,000 - $740,000

Studio
-- Bath
1,428 Sq Ft
$475/Sq Ft Est. Value

Sale Details

Date Sold: May 26, 2021

Last sale price $450,000 $315 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,462 / mo

56 Days on Market

About This Home

As of May 2021

This home is located at 56 E 16th St, Paterson, NJ 07524 since 21 January 2021 and is currently estimated at $678,757, approximately $475 per square foot. 56 E 16th St is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Dr. Frank Napier, Jr. School of Technology.

Last Agent to Sell the Property

Nicholas Tselepis

NICHOLAS REAL ESTATE AGENCY Brokerage Phone: 973-340-1202 Listed on: 01/21/2021

Last Buyer's Agent

Alves Santana

REAL

REAL

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: 5043172
  • Attribution Contact: 973-340-1202
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2021
Closed on
May 21, 2021
Sold by
Bought by
Seller's Agent
Nicholas Tselepis
NICHOLAS REAL ESTATE AGENCY
Buyer's Agent
Alves Santana
REAL
List Price
$449,900
Sold Price
$450,000
Premium/Discount to List
$100
0.02%
Current Estimated Value
$678,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,757
Avg. Annual Appreciation
8.51%
Original Mortgage
$441,849
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 10, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,858
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
May 19, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 14, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,400
Interest Rate
6.36%
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$450,000 Main Street Title
$450,000 Old Republic Title
$281,600 --
$95,000 --
$332,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $441,849
Previous Owner $277,858
Previous Owner $315,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/26/2021 05/26/21 Sold $450,000 0.0% $315 / Sq Ft
03/18/2021 03/18/21 Pending -- -- --
02/23/2021 02/23/21 For Sale $449,900 0.0% $315 / Sq Ft
02/10/2021 02/10/21 Off Market $450,000 -- --
01/21/2021 01/21/21 For Sale $449,900 -- $315 / Sq Ft
Source: Garden State MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,307 $202,300 $47,100 $155,200
2024 $9,919 $202,300 $47,100 $155,200
2022 $9,391 $202,300 $47,100 $155,200
2021 $9,055 $202,300 $47,100 $155,200
2020 $8,446 $202,300 $47,100 $155,200
2019 $8,173 $197,700 $46,100 $151,600
2018 $8,431 $194,900 $45,700 $149,200
2017 $8,045 $193,400 $45,400 $148,000
2016 $8,847 $203,900 $47,500 $156,400
2015 $8,376 $203,900 $47,500 $156,400
2014 $7,018 $242,000 $120,000 $122,000
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Tselepis

    Seller's Agent in 2021

    Nicholas Tselepis

    NICHOLAS REAL ESTATE AGENCY

    (973) 340-1202

    16 in this area

    144 Total Sales

    Nicholas Tselepis
    Section Image

  • A

    Buyer's Agent in 2021

    Alves Santana

    REAL

    (855) 450-0442

    8 Total Sales

    Alves Santana
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3688295

Garden State MLS

APN: 08-02105-0000-00020

New Jersey Passaic County Paterson 07524 Riverside

56 E 16th St, Paterson, NJ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.