NOT LISTED FOR SALE

661 E 29th St Unit 663 Paterson, NJ 07504

Eastside Neighborhood

Estimated Value: $545,056 - $625,000

6 Beds
3 Baths
1,673 Sq Ft
$351/Sq Ft Est. Value

Last Sold June 03, 2021

Last sale price $350,000 $209 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,175/month

11 Days on Market

Highlights

  • Property is near a park
  • Laundry Facilities
  • Rectangular Lot

About This Home

As of June 2021

AMAZING INVESTMENT OPPORTUNITY! Huge 2 family that with a little TLC can become a very strong income producing property. Very large units. The first apartment is on the 1st floor and features 2 bedrooms and 1 bathroom. The second unit is duplex-style, sprawling over the 2nd and 3rd floors. It features 4 bedrooms and 2 full bathrooms as well as additional space for a den. There is also a lovely front porch and backyard plus a full, unfinished basement with laundry.

Last Agent to Sell the Property

Taylor Lucyk

Christie's International Real Estate Group-Paramus Listed on: 02/08/2021

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,681

Lot Details

  • 2,500 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built in the 1940s
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House

Location

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

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 160808616 00025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,681

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 2 Family
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
  • Views/Exposure: None
  • Year Built: 1940's
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 13
  • Fireplace: None
  • Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Full, Unfinished
  • Laundry: Basement

Exterior Features

  • Waterfront: None
  • Exterior Finish: Vinyl

Garage/Parking

  • Garage: None

Utilities

  • Heating: Gas, Hot Water, Radiators
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: O/See Rmks
  • Cooling: Win/AC

Lot Info

  • County Name: PASSAIC
  • Lot: 00025
  • Estimated Lot Sq Ft: 2500
  • Lot Description: Regular

Tax Info

  • Tax: 8681
  • Assessor Parcel Number: 160808616 00025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2021
Closed on
May 14, 2021
Sold by
Soto Walter Joel
Bought by
Suarez Ruales Orlando A
Seller's Agent
Taylor Lucyk
Christie's International Real Estate Group-Paramus
Buyer's Agent
Outside Agent
Outside Office
List Price
$299,000
Sold Price
$350,000
Premium/Discount to List
$51,000
17.06%
Total Days on Market
11
Current Estimated Value
$587,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,264
Avg. Annual Appreciation
13.81%
Original Mortgage
$297,500
Outstanding Balance
$271,684
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$315,580

Purchase Details

Listed on
Jun 20, 2018
Closed on
Nov 6, 2018
Sold by
Elahee S M
Bought by
Soto Walter Joel
Seller's Agent
John G. Susani
Coldwell Banker Susani
Buyer's Agent
Outside Agent
Outside Office
List Price
$234,999
Sold Price
$245,000
Premium/Discount to List
$10,001
4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.83%
Original Mortgage
$240,562
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 30, 2017
Sold by
Mariano William
Bought by
Elahee S M

Purchase Details

Closed on
Jun 26, 2009
Sold by
Morel Lucas
Bought by
Mariano William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,283
Interest Rate
4.93%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 16, 2005
Sold by
Thomas Robert
Bought by
Morel Lucas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
6.34%
Source: Public Records

Similar Homes in Paterson, NJ

  • 116 Marshall St, Paterson, NJ 07501

    $625,000

    • 7 Beds
    • 4 Baths
    • 116 Marshall St
    • Paterson, NJ

    4 Family, 2 2 family houses on one lot. Great investment property. The front property offers 1 bedroom, 1 bathroom on the first floor and 2 bedrooms, 2 bathrooms on the second floor. The back property offers 2 bedrooms, 2 bathrooms on the first floor and 2 bedrooms and 2 bathrooms on the 2nd floor. Leases are up on March 31st and are on a month to month basis thereafter Separated utilities, 4 gas

    Francis Sullivan, 3rd Howard Hanna Rand Realty

    Section Image
  • 197 Temple St, Paterson, NJ 07522

    $575,000

    • 6 Beds
    • 2.5 Baths
    • 197 Temple St
    • Paterson, NJ

    2-Family Home ? 3 Beds Per Unit! Solid 2-family property featuring two units, each with 3 bedrooms, 1 full bathroom, a living room, and a full kitchen. Excellent layout, plenty of space, and a great option for investors or owner-occupants. Separate utilities and conveniently located near schools, shops, and transit. A smart move for any buyer looking for value and opportunity! Entire home will

    Jose Trinidad UNITED REAL ESTATE

    Section Image
  • 269 17th Ave, Paterson, NJ 07504

    $629,900

    • 5 Beds
    • 4 Baths
    • 269 17th Ave
    • Paterson, NJ

    Spacious 2-Family Home with Finished Attic and Basement. Ideally Located Near Parks and Public Transportation.

    Johan German Monegro Century 21 A.G. Realty Group

    Section Image
  • 713 E 27th St, Paterson, NJ 07504

    $499,999

    • 5 Beds
    • 3 Baths
    • 713 E 27th St
    • Paterson, NJ

    Welcome to this stunning two-family home, perfectly designed for both comfortable living and investment potential. This property offers a beautifully renovated first-floor unit featuring two spacious bedrooms and a modern bathroom. The first floor also includes a basement with convenient washer and dryer hookups, adding to the home's functionality.The second-floor unit is equally impressive,

    Mary Griess Weichert Realtors, Clifton

    Section Image
  • 302 E 32nd St, Paterson, NJ 07504

    $699,000

    • 7 Beds
    • 4 Baths
    • 302 E 32nd St
    • Paterson, NJ

    Great investment opportunity! Huge 4 family house located in Paterson. Fully rented with all separate utilities.

    Linda Iriarte Unicasa Union Realty

    Section Image
  • 167 E 21st St Unit 169, Paterson, NJ 07513

    $500,000

    • 5 Beds
    • 2 Baths
    • 167 E 21st St
    • Unit 169
    • Paterson, NJ

    Spacious 2-family home in Paterson, offering 5 bedrooms and 2 baths across 2,686 sq. ft. of living space. Featuring high ceilings, hardwood floors, and an attic with the potential to be connected to the second floor, this property offers great potential with some updating. The private driveway provides parking for up to 3 cars. Conveniently located near schools, shopping, and public

    Andrea Alummootil KELLER WILLIAMS CITY VIEWS REALTY

    Section Image
  • 169 E 21st St, Paterson, NJ 07513

    $500,000

    • 5 Beds
    • 2 Baths
    • 169 E 21st St
    • Paterson, NJ

    Spacious 2-family home in Paterson, offering 5 bedrooms and 2 baths across 2,686 sq. ft. of living space. Featuring high ceilings, hardwood floors, and an attic with the potential to be connected to the second floor, this property offers great potential with some updating. The private driveway provides parking for up to 3 cars. Conveniently located near schools, shopping, and public

    Andrea Alummootil Keller Williams City Views Realty

    Section Image
  • 718 E 18th St, Paterson, NJ 07501

    $599,000

    • 8 Beds
    • 3 Baths
    • 2,845 Sq Ft
    • 718 E 18th St
    • Paterson, NJ

    Fully rented and cash-flowing from day one, this legal 3-family property is a prime addition to any investor's portfolio. Each spacious unit has been recently renovated and is occupied by stable, long-term tenants. Located in a high-demand area with easy access to major highways, public transportation, and local amenities, this asset offers reliable passive income with strong upside potential.

    Sol Castanos REALTY ONE GROUP LEGEND

    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 Buyer Sale Price Title Company
Suarez Ruales Orlando A $350,000 Elite Title Group Llc
Soto Walter Joel $245,000 Main Street Title & Settleme
Elahee S M $180,000 None Available
Mariano William $150,000 --
Morel Lucas $295,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Suarez Ruales Orlando A $297,500
Previous Owner Soto Walter Joel $240,562
Previous Owner Mariano William $147,283
Previous Owner Morel Lucas $236,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2021 06/03/21 Sold $350,000 +17.1% $209 / Sq Ft
02/19/2021 02/19/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $299,000 +22.0% $179 / Sq Ft
11/06/2018 11/06/18 Sold $245,000 +4.3% $146 / Sq Ft
09/18/2018 09/18/18 Pending -- -- --
06/20/2018 06/20/18 For Sale $234,999 -- $140 / 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
2024 $10,537 $214,900 $49,500 $165,400
2022 $9,976 $214,900 $49,500 $165,400
2021 $9,619 $214,900 $49,500 $165,400
2020 $8,972 $214,900 $49,500 $165,400
2019 $8,681 $210,000 $48,500 $161,500
2018 $8,950 $206,900 $47,900 $159,000
2017 $8,536 $205,200 $47,500 $157,700
2016 $9,077 $209,200 $42,500 $166,700
2015 $8,594 $209,200 $42,500 $166,700
2014 $7,894 $272,200 $134,300 $137,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 21004378

New Jersey MLS

APN: 08-08616-0000-00025