NOT LISTED FOR SALE

85 Sherman Ave Paterson, NJ 07502

Totowa Section Neighborhood

Estimated Value: $483,000 - $641,000

-- Bed
-- Bath
2,211 Sq Ft
$265/Sq Ft Est. Value

Last Sold December 12, 2016

Last sale price $220,000 $100 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $4,149/month

85 Days on Market

About This Home

As of December 2016

This home is located at 85 Sherman Ave, Paterson, NJ 07502 since 22 August 2016 and is currently estimated at $586,080, approximately $265 per square foot. This property was built in 1940. 85 Sherman 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

Mohammed Akhtaruzzaman

REALTY ONE GROUP LEGEND Brokerage Phone: 973-340-1202 Listed on: 08/22/2016

REALTY ONE GROUP LEGEND

Last Buyer's Agent

FAZZLUL RAZZAK

EXP REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,469

Year Built

  • Built in 1940

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,469

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Year Built: 1940
  • County Name: Passaic
  • Street Number Display: 85
  • I D: 4653476
  • Modified: 2017-12-13
  • 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
Aug 22, 2016
Closed on
Dec 9, 2016
Sold by
Kriama Hussian Muzqammel and Kriama Begum
Bought by
Razzak Mohammad and Razzak Ferdous
Seller's Agent
Mohammed Akhtaruzzaman
REALTY ONE GROUP LEGEND
Buyer's Agent
FAZZLUL RAZZAK
EXP REALTY, LLC
List Price
$269,900
Sold Price
$220,000
Premium/Discount to List
-$49,900
-18.49%
Current Estimated Value
$586,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$366,080
Avg. Annual Appreciation
11.91%
Original Mortgage
$165,000
Outstanding Balance
$135,624
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$450,456

Purchase Details

Listed on
May 26, 2015
Closed on
May 19, 2015
Sold by
Haque Sm Anamul and Ali Shakera
Bought by
Hussain Muzammel
Seller's Agent
DORELY VALIENTE
UNITED REAL ESTATE
Buyer's Agent
DORELY VALIENTE
UNITED REAL ESTATE
Sold Price
$140,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.86%
Original Mortgage
$137,464
Interest Rate
3.88%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 16, 2005
Sold by
Haque Sm Ananmul
Bought by
Haque Sm Anamul and Ali Shakera
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Razzak Mohammad $220,000 None Available
Razzak Mohammad $220,000 None Available
Hussain Muzammel $140,000 Multiple
Haque Sm Anamul -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Razzak Mohammad $165,000
Closed Razzak Mohammad $165,000
Previous Owner Hussain Muzammel $137,464
Previous Owner Haque Sm Anamul $48,599
Previous Owner Haque S M Anamul $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2016 12/12/16 Sold $220,000 -18.5% $100 / Sq Ft
11/15/2016 11/15/16 Pending -- -- --
08/22/2016 08/22/16 For Sale $269,900 +92.8% $122 / Sq Ft
05/26/2015 05/26/15 Sold $140,000 -- $63 / 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 $11,469 $225,100 $35,500 $189,600
2024 $11,037 $225,100 $35,500 $189,600
2022 $10,449 $225,100 $35,500 $189,600
2021 $10,075 $225,100 $35,500 $189,600
2020 $9,398 $225,100 $35,500 $189,600
2019 $9,016 $218,100 $32,900 $185,200
2018 $8,444 $195,200 $32,500 $162,700
2017 $8,058 $193,700 $32,300 $161,400
2016 $8,301 $191,300 $34,000 $157,300
2015 $7,859 $191,300 $34,000 $157,300
2014 $8,155 $281,200 $129,300 $151,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mohammed Akhtaruzzaman

    REALTY ONE GROUP LEGEND

    (973) 901-7561

    13 in this area

    18 Total Sales

    Mohammed Akhtaruzzaman
    Section Image

  • F

    Buyer's Agent in 2016

    FAZZLUL RAZZAK

    EXP REALTY, LLC

  • D

    Seller's Agent in 2015

    DORELY VALIENTE

    UNITED REAL ESTATE

See All Agents

Map

Source: Garden State MLS

MLS Number: 3332156

Garden State MLS

APN: 08-00905-0000-00017

New Jersey Passaic County Paterson 07502 Totowa Section

85 Sherman Ave, Paterson, NJ

This home is located at 85 Sherman Ave, Paterson, NJ 07502 since 22 August 2016 and is currently estimated at $586,080, approximately $265 per square foot. This property was built in 1940. 85 Sherman 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.

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