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270 University Way

270 University Way, Paramus, NJ 07652
Property in Bergen
Sold Aug 03, 2018
$540,000
$432,000 by Prosperity Home Mortgage Llc
Mortgage Due Jan 01, 2048
270 University Way has been categorized by the local assessors in Paramus, NJ as a residential type of property. The building on the property was first built in 1971 and is 53 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 270 University Way has 3,336 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 11,859 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The property was last sold in Jul 20, 2018 for $540,000. That's $161.87 per sqft. 270 University Way was last assessed in 2023. The total value of the property was assessed at $805,300. Specifically, the land the property is located on was valued at $369,800. While improvements on the property were assessed at a total of $435,500. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $11,724. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,859
  • Total Building Area: 3,336
  • Building Area: 3,336
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,336
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.272
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : FARRALES DANIEL
  • Current Owner 2: FARRALES MARIA
  • Previous Owner : LEVY ALLAN H
  • Previous Owner 2: LEVY PAUL
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Paramus Borough School District
  • Census Tract: 042101

Zoning

  • Zoning: R75

Geography

  • Account Number: 297200
  • District: 46
  • Parcel: 46 03903-0000-00013
  • Block: 3903
  • Lot: 13
  • Municipality: PARAMUS BORO
  • Latitude: 40.9343
  • Longitude: -74.0508

    Address

  • Full Address: 270 University Way
  • Address - House Number: 270
  • Address - Street Name: University
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Paramus
  • Carrier Code: C004
  • 4-Digit Zip Code: 5539
  • Zip Code: 07652

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,724

    Appraisal Valuation

  • Standard Deviation: 0.1987
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 987,931
  • High Value: 1,184,242
  • Low Value: 791,620

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $432,000
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Aug 03, 2018
  • First Open Lien Mortgage Loan Amount: $432,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2048

    Market Valuation

  • Market Total Value: $805,300
  • Market Land Value: $369,800
  • Market Improvement Value: $435,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $805,300
  • Assessed Land Value: $369,800
  • Assessed Improvements Value: $435,500

    Sales

  • Current Sale Contract Date: Jul 20, 2018
  • Current Sale Recording Date: Aug 03, 2018
  • Current Sale Transaction ID: 11498845365
  • Current Sale Price: $540,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 18-055700.01

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Aug 03, 2018
  • First Mortgage Loan Amount: $432,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jan 01, 2048

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Frequently Asked Questions

What neighborhood is 270 University Way located in?
The 270 University Way is a located in the neighborhood of Bergen in Paramus, Paramus.
What is the average sales price for listings in 270 University Way?
The average sales price for units in 270 University Way is $0 currently.

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