NOT LISTED FOR SALE

7 N Farview Ave Paramus, NJ 07652

Estimated Value: $583,124 - $675,000

4 Beds
3 Baths
1,244 Sq Ft
$506/Sq Ft Est. Value

Last Sold July 11, 2018

Last sale price $400,000 $322 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,045/month

29 Days on Market

Highlights

  • Property is near a park
  • Stairway
  • Wood Siding
  • Paramus High School Rated A-
  • Laundry Facilities
  • 5-minute walk to Spring Valley Park

About This Home

As of July 2018

2 FAM HOUSE WITH POTENTIAL IN LAND VALUE. ZONING 2 FAM. BUSY STREET AND LIMITED PARKING BUT AMAZING OPPORTUNITY FOR INVESTORS AND CONTRACTORS. BOTHS UNITS SEPARATE UTILITIES. LONG TIME TENANTS FOR BOTH UNITS, LEASES UNTIL JAN 2022. HOUSE NEEDS RENOVATION AND REPAIRS, BEING SOLD STRICTLY AS IS. RARE TO FIND 2 FAM WITH THAT LOW TAX IN BERGEN COUNTY. GREAT SCHOOLS AND SO EASY COMMUTE.DON'T MISS YOUR OPPORTUNITY!

Last Listed By

Joanna Niewiarowski

Better Home Realty Listed on: 05/02/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,064

Year Built

  • 1920

Lot Details

  • 9,148 Sq Ft Lot
  • Irregular Lot

Home Design

  • Built between 1900 - 1939
  • Wood Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Accessible Home Design

  • Stairway

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
  • Separate Meters

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 024601214 00015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,064

Year Built

1920

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 2 Family
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans
  • Views/Exposure: None
  • Year Built: 1900-1939
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 6
  • Fireplace: None
  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Grd Lv Acces, Prt Finished
  • Laundry: Basement

Exterior Features

  • Waterfront: None
  • Exterior Finish: Wood Shake

Garage/Parking

  • Garage: 1 Car

Utilities

  • Heating: Gas
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Cooling: Win/AC

Lot Info

  • County Name: BERGEN
  • Locale: 400
  • Lot: 00015
  • Lot Dimensions: 50x181
  • Estimated Lot Sq Ft: 9148
  • Lot Description: Irregular

Tax Info

  • Tax: 5064
  • Assessor Parcel Number: 024601214 00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2018
Closed on
Jul 9, 2018
Sold by
Est Mitchel Selma
Bought by
Polat Ertan and Polat Kaan
Seller's Agent
Joanna Niewiarowski
Better Home Realty
Buyer's Agent
Joanna Niewiarowski
Better Home Realty
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Total Days on Market
29
Current Estimated Value
$629,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,031
Avg. Annual Appreciation
6.83%

Purchase Details

Closed on
Aug 18, 2016
Sold by
Mitchel Selma
Bought by
Mitchel Selma

Purchase Details

Closed on
Jul 21, 1993
Sold by
Mitchel Stanley and Mitchel Selma
Bought by
Mitchel Stanley and Mitchel Selma

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
Polat Ertan $400,000 --
Mitchel Selma -- None Available
Mitchel Stanley -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Polat Ertan $256,000
Previous Owner Mitchel Stanley $160,060
Previous Owner Mitchel Stanley $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2018 07/11/18 Sold $400,000 -5.9% $322 / Sq Ft
05/31/2018 05/31/18 Pending -- -- --
05/02/2018 05/02/18 For Sale $425,000 -- $342 / 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 $6,701 $456,200 $267,300 $188,900
2023 $6,341 $436,800 $255,500 $181,300
2022 $6,341 $408,600 $238,800 $169,800
2021 $6,267 $378,900 $223,400 $155,500
2020 $5,933 $372,000 $219,300 $152,700
2019 $5,219 $281,200 $198,300 $82,900
2018 $5,154 $281,200 $198,300 $82,900
2017 $5,064 $281,200 $198,300 $82,900
2016 $4,927 $281,200 $198,300 $82,900
2015 $4,876 $281,200 $198,300 $82,900
2014 $4,834 $281,200 $198,300 $82,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 1817403

New Jersey MLS

APN: 46-01214-0000-00015