NOT LISTED FOR SALE

565 Otto Place Paramus, NJ 07652

Estimated Value: $694,788 - $1,133,000

5 Beds
3 Baths
3,632 Sq Ft
$244/Sq Ft Est. Value

Last Sold September 18, 2020

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

Est. 32% increase in value since last sale

Current estimated payment $5,913/month

86 Days on Market

Highlights

  • Views to the East
  • Deck
  • Fireplace
  • Paramus High School Rated A-
  • Property is near a park
  • Attached Garage

About This Home

As of September 2020

BEST WESTSIDE LOCATION WITH PROXIMITY TO NY TRANSPORTATION, SCHOOLS AND TOWN POOL. THE SPACIOUS 3,600+ SQUARE FT EXPANDED BI-LEVEL IS SET ON .36 ACRE. THE 5 BR 3BATH HOME HAS AN OPEN AND FLEXIBLE FLOOR PLAN. GROUND LEVEL IS COMPLETE WITH LIVING AREA, OFFICE, 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 - Franklin Lakes Listed on: 04/25/2020

RE/MAX SELECT - Franklin Lakes

Last Buyer's Agent

Luis Miranda

Coldwell Banker, Summit

Coldwell Banker, Summit

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,672

Lot Details

  • 0.36 Acre Lot
  • Rectangular Lot

Parking

  • Attached Garage

Home Design

  • Built in the 1970s
  • Bi-Level Home
  • Vinyl Construction Material

Interior Spaces

  • Fireplace
  • Views to the East

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms

Location

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

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Gas

Additional Features

  • Stairway
  • Deck

Listing and Financial Details

  • Assessor Parcel Number 024604914 00016

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,672

Lot Details

0

Listing Details

  • Property Short: RES
  • Property Type: RES
  • Sub-Style: Bi-Level
  • Additional Sub Style: Expanded
  • Lifestyle: Close/Parks, Close/School, Close/Trans, Extended Family
  • Miscellaneous: Hdwd As In, Deck / Patio
  • Views/Exposure: East
  • Year Built: 1970's
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number of Rooms: 12
  • Fireplace: 1 Fireplace
  • Bedrooms: 5
  • Total Bathrooms: 3.00
  • Primary Bathroom: Y
  • Full Bathrooms: 3
  • Basement: Grd Lv Acces

Exterior Features

  • Exterior: Vinyl
  • Waterfront: None

Garage/Parking

  • Garage: Attached, 2 Car

Utilities

  • Heating: Baseboard, Gas, Hot Water
  • Sewer: Municipal
  • Water Source: Municipal
  • Cooling: Central Air

Condo/Co-op/Association

  • Association: None

Lot Info

  • County Name: BERGEN
  • Locale: 400
  • Lot: 00016
  • Lot Description: Regular
  • Estimated Lot Sq Ft: 15531

Tax Info

  • Tax: 10672
  • Assessor Parcel Number: 024604914 00016

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
$885,947

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 - Franklin Lakes
Buyer's Agent
Luis Miranda
Coldwell Banker, Summit
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
5.97%
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
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
Oluwo Joseph $685,000 Stewart Title
Oluwo Joseph $670,000 Stewart Title Guaranty
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 0.0% $192 / Sq Ft
05/11/2019 05/11/19 Rented $3,950 0.0% --
02/18/2019 02/18/19 For Rent $3,950 +6.8% --
03/20/2017 03/20/17 Rented $3,700 -3.9% --
03/20/2017 03/20/17 For Rent $3,850 -- --
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 $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

    REMAX Select

    (201) 819-8195

    3 in this area

    23 Total Sales

    Elice Hong Shikama
    Section Image

  • L

    Buyer's Agent in 2020

    Luis Miranda

    Coldwell Banker, Summit

    (973) 839-0800

    1 in this area

    25 Total Sales

    Luis Miranda
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 20014509

New Jersey 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 $885,947, approximately $243 per square foot. 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.

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.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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