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408 Totowa Avenue

408 Totowa Avenue, Paterson, NJ 07502
Multifamily in Passaic
Sold Feb 03, 2022
$375,000
$343,406 by Ram Mortgage Partners Llc
Mortgage Due Jan 01, 2052
Sold Oct 31, 2003
$199,500
$182,200 by Wall Street Fin
Mortgage
Local assessors in Paterson, NJ have categorized 408 Totowa Avenue as a residential type of property. 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 3 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 408 Totowa Avenue has a total of 2,904 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, 408 Totowa Avenue sold most recently in Dec 22, 2021 for a total of $375,000. If you work out the math, that's approximately a cost of $129.13 per sqft. Before that, the property was also sold for $199,500 in Oct 22, 2003. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $10,720 in taxes each year. 408 Totowa Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $239,500. If we break it down further, the land itself was valued at $35,900. Improvements to the property, however, were assessed at a total of $203,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Features

Exterior

Brick Exterior
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 3
  • 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: 2,904
  • Building Area: 2,904
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,904
  • 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

Ownership

  • Current Owner : HUSSAIN MOHAMMED I
  • Current Owner 2: AHMED SUFI
  • Previous Owner : MOHAMMED RAZZAK
  • Owner Before Previous Owner: GASTELLO LUCY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

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

Geography

  • District: 08
  • Parcel: 08 01404-0000-00016
  • Block: 1404
  • Lot: 16
  • Municipality: PATERSON CITY
  • Latitude: 40.9189
  • Longitude: -74.1832

    Address

  • Full Address: 408 Totowa Ave
  • Address - House Number: 408
  • Address - Street Name: Totowa
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Paterson
  • Carrier Code: C024
  • 4-Digit Zip Code: 2136
  • Zip Code: 07502

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $10,720

    Appraisal Valuation

  • Standard Deviation: 0.0986
  • Valuation Date: Oct 05, 2022
  • Confidence Score: 90
  • Final Value: 381,448
  • High Value: 419,088
  • Low Value: 343,807

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $343,406
  • First Open Lien Mortgage Lender: RAM MORTGAGE PARTNERS LLC
  • First Open Lien Mortgage Recording Date: Feb 03, 2022
  • First Open Lien Mortgage Loan Amount: $343,406
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $239,500
  • Market Land Value: $35,900
  • Market Improvement Value: $203,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $239,500
  • Assessed Land Value: $35,900
  • Assessed Improvements Value: $203,600

    Sales

  • Current Sale Contract Date: Dec 22, 2021
  • Current Sale Recording Date: Feb 03, 2022
  • Current Sale Transaction ID: 11879957788
  • Current Sale Price: $375,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 7346
  • Previous Sale Recording Date: Oct 31, 2003
  • Previous Sale Contract Date: Oct 22, 2003
  • Previous Sale Amount: $199,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: RAM MORTGAGE PARTNERS LLC
  • First Mortgage Transaction Date: Feb 03, 2022
  • First Mortgage Loan Amount: $343,406
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: WALL STREET FIN
  • Previous Mortgage Transaction Date: Oct 31, 2003
  • Previous Mortgage Loan Amount: $182,200
  • Previous Mortgage Term: 360

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Frequently Asked Questions

What neighborhood is 408 Totowa Avenue located in?
The 408 Totowa Avenue is a multifamily located in the neighborhood of Passaic in Paterson, Paterson.
What is the average sales price for listings in 408 Totowa Avenue?
The average sales price for units in 408 Totowa Avenue is $0 currently.

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