553 Otto Place

553 Otto Place 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 1975 and is 49 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 553 Otto Place has 2,312 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 12,643 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 May 19, 2020 for $685,000. That's $296.28 per sqft. 553 Otto Place was last assessed in 2023. The total value of the property was assessed at $727,600. Specifically, the land the property is located on was valued at $369,800. While improvements on the property were assessed at a total of $357,800. 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 $10,577. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.