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126 Paterson Avenue

126 Paterson Avenue, Paterson, NJ 07502
Property in Passaic
Sold Aug 11, 2006
$278,100
$278,100 by Weichert Financial Services
Mortgage Due Aug 01, 2036
Sold Feb 16, 2006
$308,000
$261,800 by Wall Street Financial Corp
Mortgage Due Mar 01, 2036
Local assessors in Paterson, NJ have categorized 126 Paterson Avenue as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 2,500 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 250 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 126 Paterson Avenue has a total of 1,371 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 126 Paterson Avenue sold most recently in Jul 31, 2006 for a total of $278,100. If you work out the math, that's approximately a cost of $202.84 per sqft. Before that, the property was also sold for $308,000 in Feb 6, 2006. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $7,376 in taxes each year. 126 Paterson Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $158,900. If we break it down further, the land itself was valued at $43,700. Improvements to the property, however, were assessed at a total of $115,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,371
  • Building Area: 1,371
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,371
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.057
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FACILITY NAME: 973-904-7042

Ownership

  • Current Owner : MORALES GREGORIO
  • Current Owner 2: MORALES MARIA E
  • Previous Owner : CAMPOS MARIA
  • Owner Before Previous Owner: 220 REALTY INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Paterson City School District
  • Census Tract: 180202

Geography

  • District: 08
  • Parcel: 08 00924-0000-00037
  • Block: 924
  • Lot: 37
  • Municipality: PATERSON CITY
  • Latitude: 40.9179
  • Longitude: -74.187

    Address

  • Full Address: 126 Paterson Ave
  • Address - House Number: 126
  • Address - Street Name: Paterson
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Paterson
  • Carrier Code: C002
  • 4-Digit Zip Code: 2120
  • Zip Code: 07502

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,376

    Appraisal Valuation

  • Standard Deviation: 0.2069
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 72
  • Final Value: 361,731
  • High Value: 436,578
  • Low Value: 286,884

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $278,100
  • First Open Lien Mortgage Lender: WEICHERT FINANCIAL SERVICES
  • First Open Lien Mortgage Recording Date: Aug 11, 2006
  • First Open Lien Mortgage Loan Amount: $278,100
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2036

    Market Valuation

  • Market Total Value: $158,900
  • Market Land Value: $43,700
  • Market Improvement Value: $115,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $158,900
  • Assessed Land Value: $43,700
  • Assessed Improvements Value: $115,200

    Sales

  • Current Sale Contract Date: Jul 31, 2006
  • Current Sale Recording Date: Aug 11, 2006
  • Current Sale Transaction ID: 1192697238
  • Current Sale Price: $278,100
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Feb 16, 2006
  • Previous Sale Contract Date: Feb 06, 2006
  • Previous Sale Amount: $308,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WEICHERT FINANCIAL SERVICES
  • First Mortgage Transaction Date: Aug 11, 2006
  • First Mortgage Loan Amount: $278,100
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2036

    Previous Mortgages

  • Previous Mortgage Lender: WALL STREET FINANCIAL CORP
  • Previous Mortgage Transaction Date: Feb 16, 2006
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $261,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Mar 01, 2036

About Paterson



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Frequently Asked Questions

What neighborhood is 126 Paterson Avenue located in?
The 126 Paterson Avenue is a located in the neighborhood of Passaic in Paterson, Paterson.
What is the average sales price for listings in 126 Paterson Avenue?
The average sales price for units in 126 Paterson Avenue is $0 currently.

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