518 Summer Street

Paterson, NJ 07501

$486,000
Last Sold Price
6
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Your opportunity to become a landlord with this beautifully gut renovated 2 family house. Everything completely brand new including a new deck. Each unit has 3 bedrooms, brand new stainless steel appliances and a nice sized yard. Walking distance from St. Josephs Hospital. Close to shops, schools, houses of worship and I-80. New HVAC, new plumbing, new electrical, hardwood flooring throughout, new roof, new windows, new siding, etc.Your opportunity to become a landlord with this beautifully gut renovated 2 family house. Everything completely brand new including a new deck. Each unit has 3 bedrooms, brand new stainless steel appliances and a nice sized yard. Walking distance from St. Josephs Hospital. Close to shops, schools, houses of worship and I-80. New HVAC, new plumbing, new electrical, hardwood flooring throughout, new roof, new windows, new siding, etc.
  1. Listed by ALYSSA VALLE • SIGNATURE REALTY NJ

Property Details for 518 Summer Street

Directions
GPS
Days On Market
10

Location

Add your commute
LISTING UPDATED: 07/09/2023 03:03 AM

Property Details for 518 Summer Street

StatusSold
MLS #3781079
Days on Market10
Taxes$1,315 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1940
Lot Size0.06 AC / 2,613 SF
CountyPassaic County

Location

Add your commute

Building Information for 518 Summer Street

Stories-Residences2Year Built1940Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$2,762 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,652

Property Taxes

$110

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 518 Summer Street

Summary
Location and General Information
  • Active Days on Market: 27
  • Renovated Year: 2022
  • County #: Passaic
  • Town Name: Paterson City
  • Block Identifier: 6302
  • Listing Type: Exclusive Right to Sell
  • Street # Display: 518.0
  • # Parking Spaces: 0
  • County Or Parish: Passaic
  • Street Name: Summer St
  • Zip Code: 07501-3414
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $1,315
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 31500.0
  • Tax ID For Property: 2508-06302-0000-00022-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year: 2021
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: None
Property
Lot Information
  • Lot Identifier: 22
  • Approximate Lot Size: 25X100
  • Total Acres: 0.06
  • Construction Date/Year Built: 1940
  • Construction Date/Year Built Des: Renovated
Property and Assessments
  • Assessment Bldg: 9600.0
  • Assessment Land: 21900.0
Utilities
  • Cooling: See Remarks
  • Utilities: See Remarks
  • Water: Public Water
  • Heating: 2 Units, See Remarks
  • Fuel Type: See Remarks
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Metal Fence, Storm Window(s)
Interior Features
  • Interior Features: Carbon Monoxide Detector
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: CarbMDet, CookGas, Microwav, Refrig
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms, Kitchen, Living Room, Master Bedroom
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 650.0
Unit 2 Information
  • Unit 2 Appl/Equip: CarbMDet, CookGas, Microwav, Refrig
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 2 Rent: 0.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living Room, Master Bedroom
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 670.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 518 Summer Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 518 Summer Street

Taxable ValueLand$21,900Additions$9,600Total$31,500
Tax Record2022$1,462 ($122 / month)
Home Facts
Beds0Total Finished SqFt1,116 SqFtAbove Grade Finished SqFt1,116 SqFtStories2Lot Size2,500 SqFtStyleSingle Family ResidenceCountyPASSAICAPN08 06302-0000-00022

Schools near 518 Summer Street

This home is within Paterson Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - PK to 3
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Dale Avenue Elementary School
PublicPK to 2

Edward W. Kilpatrick Elementary School
PublicPK to 3

School 27
PublicPK to 5

School 15
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SIGNATURE REALTY NJ, ALYSSA VALLE

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/07/2024 06:30 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.