Look no further! Great 2 family home located in the heart of South Paterson with walking distance to Main St & NY Transportation. Home features 5 bedrooms, 3 full baths, renovated kitchen and bathrooms, washer-dryer hookups on each unit, a large fenced backyard for entertainment plus a finished basement with its own private entrance, newly kitchen /full bathroom, plus 2 additional rooms for a versatile use. Many upgrades has been made to the home including, new plumbing & electrical, new furnace for the second floor unit, a high efficiency hot water tank for the first floor unit, among many others. Conveniently located near major highways, public transportation, schools, parks, and shopping centers, this home is ideal for anyone seeking comfort, convenience, and potential income. Don't miss this opportunity to own a property with endless potential!
Property Details
Property Features
Property Information:
Architectural Style: Contemporary
Listing Office:
Office Name: STAR ONE REALTY, LLC
Office Phone: (201) 430-3375
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 5
Utilities
Utilities Information:
Heating: Baseboard, Natural Gas
Price Information
Listing Price Info
Price Summary:
List Price: $499,000
Tax Information:
Annual Amount: $7,457
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Paterson, NJ.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,558
Per Month
Principal & Interest
$2,491
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,563
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
School #5
136 Valley Rd
Distance between this listing and this school0.61 miles
Public District Grades KG-5
2
/10
School #4
194 W 2nd St
Distance between this listing and this school0.68 miles
Public District Grades KG-5
3
/10
Philip's Academy Charter School of Paterson
47 State St
Distance between this listing and this school0.85 miles
Public Charter Grades KG-4
Nearby Schools
4
/10
Dr. Hani Awadallah School
515 Marshall St
Distance between this listing and this school0.19 miles
Public District Grades PK-8
3
/10
Charles J. Riley School 9
6 Timothy St
Distance between this listing and this school0.31 miles
Public District Grades PK-8
4
/10
School 8
35 Chadwick St
Distance between this listing and this school0.55 miles
Public District Grades KG-8
Nearby Schools
4
/10
Paterson Charter School for Science/Technology
196 W Railway Ave
Distance between this listing and this school0.45 miles
Public Charter Grades KG-12
3
/10
International High School
200 Grand St
Distance between this listing and this school1.22 miles
Public District Grades 9-12
4
/10
Paterson Arts and Science Charter School
225 Grand St
Distance between this listing and this school1.27 miles
The neighbors living near this home have an average income of $55,609. Most Paterson, NJ residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
This home is located at 278 Pacific St in Paterson, NJ and zip code 07503 in the South Paterson neighborhood. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $499,000.
The number of listings in Paterson, NJ increased by 25.1% between September 2024 and October 2024. The median list price of listings available in October 2024 was $450,000, while the average time on the real estate market was 80 days.
From Rocket Homes Real Estate and based on county public records data.