NOT LISTED FOR SALE

565 Otto Place Paramus, NJ 07652

Estimated Value: $988,000 - $1,314,000

5 Beds
3 Baths
3,632 Sq Ft
$318/Sq Ft Est. Value

Last Sold September 18, 2020

Last sale price $670,000 $184 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $7,154/month

86 Days on Market

Highlights

  • Deck
  • Main Floor Bedroom
  • Home Gym
  • Paramus High School Rated A-
  • Home Office
  • 2 Car Direct Access Garage

About This Home

As of September 2020

Westside location with proximity to NY transportation, schools and town pool. The 3600+ sq ft 5 BR, 3 bath expanded Bi Level has open and flexible floor plan. Ground level is complete with living area, office, kitchen with eat in area, full bath and large bed room. Home has multi zoned heat, central AC, all in the highly desirable town with low tax and great schools.

Last Agent to Sell the Property

Elice Hong Shikama

RE/MAX SELECT Listed on: 04/25/2020

RE/MAX SELECT

Last Buyer's Agent

Luis Miranda

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,672

Year Built

  • Built in 1975

Lot Details

  • 0.36

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Bi-Level Home
  • Vinyl Siding

Interior Spaces

  • 3,632 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room
  • Home Office
  • Home Gym

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • In-Law or Guest Suite
  • 3 Full Bathrooms
  • Separate Shower

Laundry

  • Dryer
  • Washer

Schools

  • Paramus High School

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Zoned Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Deck
  • 0.36 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 1146-04914-0000-00016-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,672

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Style: Bi-Level
  • Primary Style: Bi-Level
  • Subproperty Type: Single Family
  • Year Built: 1975
  • Year Built Description: Approximate
  • County Name: Bergen
  • Street Number Display: 565
  • Directions: Midland Ave to Otto Pl
  • I D: 4977287
  • Modified: 2021-09-23
  • Number Images: 21
  • First Name: ELICE
  • First Name3: LUIS
  • Last Name: SHIKAMA
  • Last Name3: MIRANDA
  • Office Phone3: 908-516-4790
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Description: Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Dryer, Refrigerator, Washer
  • Number Rooms: 12
  • Bedrooms: 5
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Level: First
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 3.00
  • Full Bathrooms: 3
  • Dining Room Level: First
  • Family Room Level: First
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, Den, Full Bath, Kitchen, Living Room, Office
  • Kitchen Area: Separate Dining Area
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Laundry Room
  • Estimated Sq Ft: 3632
  • Ground Level Rooms: 1 Bedroom, Bath(s) Other, Exercise Room, GarEnter, Kitchen, Living Room, Office, Walkout
  • Phone: 201-891-0300

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener
  • Number Garage Spaces: 2
  • Parking Driveway Description: 2 Car Width

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Hotwater, Multi-Zone
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • High School: PARAMUS HS
  • High School: PARAMUS HS

Lot Info

  • Lot Size: 101XIRR. 6.1LT
  • Assessed Improvement Value: 256600
  • Assessed Land Value: 318400
  • Assessment: 575000
  • Easement: Unknown
  • Lot Identifier: 16
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.36

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 10672
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1146-04914-0000-00016-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 1.856
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2024
Sold by
Collazo-Oluwo Yomaira and Oluwo Joseph
Bought by
Oluwo Joseph
Current Estimated Value
$1,156,319

Purchase Details

Listed on
Apr 25, 2020
Closed on
Sep 17, 2020
Sold by
Sui Ke and Ye James
Bought by
Oluwo Joseph and Collazo Oluwo Yomaira
Seller's Agent
Elice Hong Shikama
RE/MAX SELECT
Buyer's Agent
Luis Miranda
COLDWELL BANKER REALTY
List Price
$698,000
Sold Price
$670,000
Premium/Discount to List
-$28,000
-4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.51%
Original Mortgage
$740,093
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 1996
Sold by
Purificacion Rodolfo and Purificacion Ignacio
Bought by
Ke Sui

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
7.82%
Source: Public Records

Range of Values:

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Average Value
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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
Oluwo Joseph $685,000 Stewart Title
Oluwo Joseph $670,000 Stewart Title Guaranty
Oluwo Joseph $670,000 Stewart Title
Ke Sui $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oluwo Joseph $740,093
Previous Owner Ke Sui $207,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2020 09/18/20 Sold $670,000 -4.0% $184 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
04/25/2020 04/25/20 For Sale $698,000 -- $192 / Sq Ft
Source: Garden State 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
2025 $12,566 $911,500 $455,600 $455,900
2024 $12,238 $830,000 $394,200 $435,800
2023 $12,238 $797,800 $375,800 $422,000
2022 $11,638 $749,900 $351,000 $398,900
2021 $11,380 $688,000 $319,500 $368,500
2020 $11,945 $748,900 $324,500 $424,400
2019 $10,672 $575,000 $318,400 $256,600
2018 $10,540 $575,000 $318,400 $256,600
2017 $10,356 $575,000 $318,400 $256,600
2016 $10,074 $575,000 $318,400 $256,600
2015 $9,971 $575,000 $318,400 $256,600
2014 $9,884 $575,000 $318,400 $256,600
Source: Public Records

Agents Affiliated with this Home

  • Elice Hong Shikama

    Seller's Agent in 2020

    Elice Hong Shikama

    RE/MAX

    (201) 819-8195

    2 in this area

    20 Total Sales

    Elice Hong Shikama
    Section Image

  • L

    Buyer's Agent in 2020

    Luis Miranda

    COLDWELL BANKER REALTY

    (973) 839-0800

    21 Total Sales

    Luis Miranda
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3629153

Garden State MLS

APN: 46-04914-0000-00016

New Jersey Bergen County Paramus 07652

565 Otto Place, Paramus, NJ

This home is located at 565 Otto Place, Paramus, NJ 07652 since 25 April 2020 and is currently estimated at $1,156,319, approximately $318 per square foot. This property was built in 1975. 565 Otto Place is a home located in Bergen County with nearby schools including Paramus High School, Alpine Learning Group, and Paramus Catholic High School.

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