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314 Market Street

314 Market Street, Paterson, NJ 07501
Property in Sandy Hill
This has been categorized as a commercial property type. There are a total of 3 floors. The linear feet across the front of the lot is 450 ft and the linear feet between the front and back of the lot is 880. In total, the area measurement of the land is 3,960 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with brick control joints. The exterior walls of the home are made of brick. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 314 Market Street was last sold in Nov 11, 2021 for $990,000. According to our calculations, that's $94.64 per sqft. Prior to that sales transaction, the property was sold for $45,000 in Mar 16, 1981. Current property owners are expected to pay $34,346 in taxes per year. The property on 314 Market Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $739,900. To break that down further, the land itself was valued at $73,000. While improvements to the property were assessed at a total of $666,900. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Floor Count: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,960
  • Lot Size Depth Feet: 880
  • Lot Size Frontage Feet: 450
  • Total Building Area: 10,461
  • Gross Building Area: 10,461
  • Building Area: 10,461
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Land Acres: 0.091
  • Standard Land Use Code: Commercial (general)

Ownership

  • Current Owner : 314 MARKET HOLDINGS LLC
  • Previous Owner : LEON MARIO
  • Previous Owner 2: LEON EMMA
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Paterson City School District
  • Census Tract: 181702

Zoning

  • Zoning: MU

Geography

  • District: 08
  • Parcel: 08 06208-0000-00001
  • Block: 6208
  • Lot: 1
  • Municipality: PATERSON CITY
  • Latitude: 40.9146
  • Longitude: -74.1652

    Address

  • Full Address: 314 Market St
  • Address - House Number: 314
  • Address - Street Name: Market
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Paterson
  • Carrier Code: C048
  • 4-Digit Zip Code: 2246
  • Zip Code: 07501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $34,346

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,222,000
  • First Open Lien Mortgage Lender: SPENCER SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Jan 19, 2023
  • First Open Lien Mortgage Loan Amount: $1,222,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $739,900
  • Market Land Value: $73,000
  • Market Improvement Value: $666,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $739,900
  • Assessed Land Value: $73,000
  • Assessed Improvements Value: $666,900

    Sales

  • Current Sale Contract Date: Nov 11, 2021
  • Current Sale Recording Date: Nov 29, 2021
  • Current Sale Transaction ID: 11874826933
  • Current Sale Price: $990,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021073701
  • Previous Sale Recording Date: Mar 16, 1981
  • Previous Sale Contract Date: Mar 16, 1981
  • Previous Sale Amount: $45,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BROADVIEW CAPITAL LLC
  • First Mortgage Transaction Date: Nov 29, 2021
  • First Mortgage Loan Amount: $1,110,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

About Eastside



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Frequently Asked Questions

What neighborhood is 314 Market Street located in?
The 314 Market Street is a located in the neighborhood of Sandy Hill in Eastside, Paterson.
What is the average sales price for listings in 314 Market Street?
The average sales price for units in 314 Market Street is $0 currently.

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