NOT LISTED FOR SALE

59 Potomac Ave Unit 61 Paterson, NJ 07503

South Paterson Neighborhood

Estimated Value: $604,000 - $689,324

3 Beds
3 Baths
1,360 Sq Ft
$476/Sq Ft Est. Value

Last Sold September 28, 2023

Last sale price $550,000 $404 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,606/month

10 Days on Market

About This Home

As of September 2023

This home is located at 59 Potomac Ave Unit 61, Paterson, NJ 07503 since 18 August 2023 and is currently estimated at $647,581, approximately $476 per square foot. 59 Potomac Ave Unit 61 is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson School 6.

Last Agent to Sell the Property

Renato Rosas

COLDWELL BANKER REALTY Brokerage Phone: 973-694-8000 Listed on: 08/18/2023

COLDWELL BANKER REALTY

Last Buyer's Agent

Renato Rosas

COLDWELL BANKER REALTY Brokerage Phone: 973-694-8000 Listed on: 08/18/2023

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,008

Lot Details

  • 5,227 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,008

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 59
  • I D: 5237490
  • Modified: 2024-09-29
  • Number Images: 1
  • Attribution Contact: 973-694-8000
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 3.00

Lot Info

  • Lot Size: L5 50X100
  • Total Acres: 0.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2023
Closed on
Sep 27, 2023
Sold by
Merello Carlos and Merello Veronica
Bought by
Vela Gerardo Alejandro Ma
Seller's Agent
Renato Rosas
COLDWELL BANKER REALTY
Buyer's Agent
Renato Rosas
COLDWELL BANKER REALTY
List Price
$530,000
Sold Price
$550,000
Premium/Discount to List
$20,000
3.77%
Views
90
Current Estimated Value
$647,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,581
Avg. Annual Appreciation
8.88%
Original Mortgage
$531,643
Outstanding Balance
$519,055
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
$128,526

Purchase Details

Closed on
Jun 7, 2004
Sold by
Gonell Josefina
Bought by
Merello Carlos and Merello Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
5.99%

Purchase Details

Closed on
Dec 30, 2003
Sold by
Yanushko Joe
Bought by
Gonell Josefina
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
Vela Gerardo Alejandro Ma $550,000 American Land Title
Vela Gerardo Alejandro Ma $550,000 American Land Title
Merello Carlos $270,000 --
Gonell Josefina $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vela Gerardo Alejandro Ma $531,643
Closed Vela Gerardo Alejandro Ma $531,643
Previous Owner Merello Carlos $368,000
Previous Owner Merello Carlos $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2023 09/28/23 Sold $550,000 +3.8% $404 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
08/18/2023 08/18/23 For Sale $530,000 -- $390 / 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 $13,008 $255,300 $83,000 $172,300
2024 $12,517 $255,300 $83,000 $172,300
2023 $11,851 $255,300 $83,000 $172,300
2022 $11,851 $255,300 $83,000 $172,300
2021 $11,427 $255,300 $83,000 $172,300
2020 $10,659 $255,300 $83,000 $172,300
2019 $10,318 $249,600 $81,300 $168,300
2018 $10,646 $246,100 $80,500 $165,600
2017 $10,163 $244,300 $80,000 $164,300
2016 $10,787 $248,600 $75,000 $173,600
2015 $10,212 $248,600 $75,000 $173,600
2014 $10,194 $351,500 $218,800 $132,700
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Renato Rosas

    COLDWELL BANKER REALTY

    (973) 930-2601

    1 in this area

    34 Total Sales

    Renato Rosas
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3860582

Garden State MLS

APN: 08-07106-0000-00023

New Jersey Passaic County Paterson 07503 South Paterson

59 Potomac Ave Unit 61, Paterson, NJ

This home is located at 59 Potomac Ave Unit 61, Paterson, NJ 07503 since 18 August 2023 and is currently estimated at $647,581, approximately $476 per square foot. 59 Potomac Ave Unit 61 is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson School 6.

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