NOT LISTED FOR SALE

641 Terrace Dr Paramus, NJ 07652

Estimated Value: $855,000 - $1,072,000

4 Beds
2.5 Baths
1,770 Sq Ft
$527/Sq Ft Est. Value

Last Sold August 04, 2023

Last sale price $630,000 $356 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $5,655/month

Highlights

  • En-Suite Primary Bedroom
  • Paramus High School Rated A-
  • 4-minute walk to Reid Park

About This Home

As of August 2024

Welcome to your dream home nestled on a serene, tree-lined street! This beautifully updated split-level residence offers a harmonious blend of modern comforts and timeless charm. Boasting four bedrooms and 2.1 half baths, this spacious home provides ample space for families of all sizes. The main level welcomes you with a gracious living room with plenty of natural sunlight, Adjoining this space is the heart of the home: a stunning, brand-new kitchen that opens up to the dining room. Featuring sleek cabinetry, top-of-the-line stainless steel appliances, and gleaming countertops, this culinary haven is sure to inspire your inner chef. Downstairs, the lower level offers additional living space, perfect for a family room, bedroom, home office, or recreation area. A convenient full bath and laundry room is complete and ensures both comfort and convenience. Conveniently located on a prime location, near transportation, schools, parks, shopping, and NYC.

Last Agent to Rent the Property

Tulay Akdemir

Coldwell Banker, Fort Lee Listed on: 04/19/2024

Coldwell Banker, Fort Lee

Last Renter's Agent

Maria Hiletzaris

Corcoran Infinity Properties

Home Details

Home Type

  • Single Family

Year Built

  • 1955

Lot Details

  • 9,409

Parking

  • 1 Car Garage
  • 4 Open Parking Spaces
  • Garage Door Opener

Kitchen

  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Schools

  • Paramus High School

Utilities

  • Cooling System Powered By Gas
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Year Built

1955

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Lease
  • PropertySubType: Single Family Residence
  • ResoLaundryFeatures: Gas Dryer Hookup, In Unit
  • View Type:Pond View: None
  • NAV29_Unit_1_Appliances: Dishwasher, Ov/Rang/Gs, Refrigerator
  • Reso Association Amenities: None
  • Reso Pets Allowed: Pets Conditional
  • Co List Office Phone: (201) 461-5000
  • MLS Status: Leased - Leased
  • Directions: 641 Terrace Drive
  • Reso Fireplace Features: None
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1955

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Primary Bathroom: Yes

Exterior Features

  • Disclosures: Seller's Agent

Garage/Parking

  • Garage Spaces: 1.0
  • Open Parking Spaces: 4.0
  • Parking Features: Attached, Garage Door Opener

Utilities

  • Cooling: Gas
  • Heating: Natural Gas

Schools

  • High School: Paramus H.S.

Lot Info

  • Lot: 00008

MLS Schools

  • High School Text: Paramus H.S.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Aug 16, 2024
Sold by
S Alexander Properties Llc
Bought by
641 Terrace Dr Llc
Seller's Agent
Tulay Akdemir
Coldwell Banker, Fort Lee
Buyer's Agent
Maria Hiletzaris
Corcoran Infinity Properties
Views
175
Current Estimated Value
$932,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Outstanding Balance
$704,297
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$227,914

Purchase Details

Closed on
May 2, 2023
Sold by
Sherman Scott D
Bought by
Jb Reo Llc and Nj Master 1 Llc

Purchase Details

Closed on
Mar 11, 2005
Sold by
Hsieh William
Bought by
Rymer William and Rymer Heledy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
5.56%
Source: Public Records
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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
641 Terrace Dr Llc -- None Listed On Document
Jb Reo Llc $520,000 None Listed On Document
Jb Reo Llc $520,000 None Listed On Document
Rymer William $505,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 641 Terrace Dr Llc $712,500
Previous Owner Rymer William $404,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/10/2024 08/10/24 Rented $5,400 -3.6% --
07/19/2024 07/19/24 Price Changed $5,600 -3.4% $3 / Sq Ft
05/30/2024 05/30/24 Price Changed $5,800 -3.3% $3 / Sq Ft
04/19/2024 04/19/24 For Rent $6,000 0.0% --
08/04/2023 08/04/23 Sold $630,000 +5.0% $356 / Sq Ft View Prior Sale
07/27/2023 07/27/23 Pending -- -- --
07/11/2023 07/11/23 For Sale $599,900 -- $339 / Sq Ft
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
2025 $9,367 $666,800 $387,200 $279,600
2024 $9,121 $618,700 $352,100 $266,600
2023 $8,669 $594,600 $337,100 $257,500
2022 $8,669 $558,600 $315,800 $242,800
2021 $8,510 $514,500 $290,700 $223,800
2020 $8,083 $506,800 $285,700 $221,100
2019 $7,381 $397,700 $244,300 $153,400
2018 $7,290 $397,700 $244,300 $153,400
2017 $7,163 $397,700 $244,300 $153,400
2016 $6,968 $397,700 $244,300 $153,400
2015 $6,896 $397,700 $244,300 $153,400
2014 $6,836 $397,700 $244,300 $153,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24011696

New Jersey MLS

APN: 46-07108-0000-00008