$650,000
SOLD JAN 13, 2025
-- Bed
-- Bath
2,375 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$274 Per Sq Ft

4% Above List Price

157 Days on Market

About This Home

As of January 2025

This home is located at 62 Redwood Ave, Paterson, NJ 07522 and is currently priced at $650,000, approximately $273 per square foot. 62 Redwood Ave is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson Public School No. 5.

Last Agent to Sell the Property

LINTON GAINES

NICHOLAS REAL ESTATE AGENCY Brokerage Phone: 973-340-1202 Listed on: 05/13/2024

Last Buyer's Agent

HUSSAIN PATHAN

REALTY ONE GROUP LEGEND

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,880

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,880

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 62
  • I D: 5287447
  • Modified: 2025-01-13
  • Number Images: 1
  • 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

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Jan 10, 2025
Sold by
35 Third St Property Llc
Bought by
Hosain Iqbal and Hosain Mohammed Mokbul
Seller's Agent
LINTON GAINES
NICHOLAS REAL ESTATE AGENCY
Buyer's Agent
HUSSAIN PATHAN
REALTY ONE GROUP LEGEND
List Price
$625,000
Sold Price
$650,000
Premium/Discount to List
$25,000
4%
Views
56
Current Estimated Value
$651,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,953
Avg. Annual Appreciation
0.58%
Original Mortgage
$520,000
Outstanding Balance
$518,215
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$133,738

Purchase Details

Closed on
Jan 28, 2021
Sold by
Summit Properties Group Ii Llc
Bought by
35 Third St Property Llc

Purchase Details

Closed on
Apr 6, 2009
Sold by
Giordano Marie and Ona Luis A
Bought by
Urban Redevelopment Llc

Purchase Details

Closed on
Jun 21, 2007
Sold by
Giordano Marie
Bought by
Giordano Marie and Ona Luis A

Purchase Details

Closed on
Sep 1, 2006
Sold by
Martinez Nancy
Bought by
Giordano Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.79%

Purchase Details

Closed on
Apr 24, 2003
Sold by
Giordano Marie
Bought by
Martinez Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,400
Interest Rate
5.71%
Source: Public Records

Similar Homes in Paterson, NJ

  • 521 E 18th St, Paterson, NJ 07514

    $490,000

    • 2 Beds
    • 1.5 Baths
    • 521 E 18th St
    • Paterson, NJ

    Welcome to 521 E 18th St, a high-visibility mixed-use property offering excellent business and investment potential. Currently operating as a fully equipped salon, the commercial space can be maintained as-is or repurposed for retail, office or creative use. With the proper approvals, the property may also be converted into multiple residential units. Zoned R-3 (high-density residential).

    Jorge Garcia RE/MAX SELECT

    Section Image
  • 467 E 18th St Unit 469, Paterson, NJ 07514

    $685,000

    • 2 Beds
    • 4 Baths
    • 467 E 18th St
    • Unit 469
    • Paterson, NJ

    Investor Opportunity a€“ 2-Unit Property with Bonus Space! Don't miss this versatile and spacious 2-family home, perfect for investors or owner-occupants looking for rental income potential. Each unit features a well-balanced layout with 2 bedrooms, 2 full bathrooms, a living room, kitchen, and dining area. The second-floor unit offers expanded living space with access to a finished attic that

    Diana Diodonet Christie's International Real Estate Group-Franklin Lakes

    Section Image
  • 615 E 22nd St, Paterson, NJ 07514

    $500,000

    • 2 Beds
    • 2 Baths
    • 615 E 22nd St
    • Paterson, NJ

    Calling all investors! This is an excellent opportunity to own a mixed used property and receive extra income. Situated in Paterson, this is a commercial building currently occupied by two businesses on the first floor (beauty salon as a front store and a restaurant as a side store). On the upper level there are two apartments with their own private entrance. Both apartments showcase the same

    Linda Iriarte UNICASA UNION REALTY INC

    Section Image
  • 121 E 16th St, Paterson, NJ 07524

    $628,999

    • 2 Beds
    • 2 Baths
    • 121 E 16th St
    • Paterson, NJ

    Good condition home renovated in 2021 and 2024 2-Family Gem in Paterson, NJ ? Just 25 Mins from NYC!Welcome to this beautiful 2-family home, move-in ready! Each unit offers 2 spacious bedrooms and 1 modern bathroom, featuring stylist finishes, updated kitchens, and vinyl flooring throughout.This property also includes a full finished basement for added living or storage space and a large walk-up

    LEONARDO ACOSTA MODERN REALTY GROUP

    Section Image

Range of Values:

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

Date Type Sale Price Title Company
Bargain Sale Deed $650,000 Golden Title
Deed $340,000 Common Wealth Land Ttl Ins C
Deed $340,000 Commonwealth Land Title
Bargain Sale Deed $65,000 --
Deed -- --
Deed $325,000 --
Deed $152,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $520,000 New Conventional
Previous Owner $339,000 New Conventional
Previous Owner $260,000 No Value Available
Previous Owner $144,400 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2025 01/13/25 Sold $650,000 +0.2% $274 / Sq Ft
10/17/2024 10/17/24 Pending -- -- --
06/13/2024 06/13/24 Price Changed $649,000 +3.8% $273 / Sq Ft
05/13/2024 05/13/24 For Sale $625,000 -- $263 / 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
2024 $10,880 $221,900 $33,700 $188,200
2022 $10,301 $221,900 $33,700 $188,200
2021 $9,932 $221,900 $33,700 $188,200
2020 $9,264 $221,900 $33,700 $188,200
2019 $8,892 $215,100 $31,200 $183,900
2018 $8,328 $192,500 $30,900 $161,600
2017 $7,946 $191,000 $30,700 $160,300
2016 $8,752 $201,700 $32,300 $169,400
2015 $8,286 $201,700 $32,300 $169,400
2014 $8,570 $295,500 $129,300 $166,200
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Garden State MLS

MLS Number: 3901462

Garden State MLS

APN: 08-00914-0000-00049