6 months on rocket

387-391 Prakness Ave, Paterson City, NJ, 07502

$799,000

Home List Price

$9,488*

Closing Credit

7 Bedrooms
5 Full Baths
Multi

Location

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387-391 Prakness Ave, Paterson$799,000

Buyer Closing Credits

$9,488*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Parking2 Car Width, Additional Parking, Additional 1/2 Car Garage
Garage2 spaces
Year Built1940
HeatingMulti Unit(s), Zoned, Natural Gas
CoolingMulti Unit(s)
BasementYes
MLS #3904475
Lot Size0.16 Acres
StatusActive

About 387-391 Prakness Ave

Great Opportunity! See before gone!! For Investors, buy this property with EMPTY lot and build new 2-Family. 53X125 existing lot, subdivision is in progress. Seller's will deliver/responsible to complete the subdivision process and get approval 2-Family with 3 parking space in the rear*

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story
  • Year Built: 1940

Listing Office:

  • Office Name: GOYBURU REALTY, LLC
  • Office Phone: (973) 530-4056

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Walk-In Closet, Wood Floors

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Exterior: Storage Shed

Parking Information:

  • Garage Space: 2 spaces
  • Parking: 2 Car Width, Additional Parking, Additional 1/2 Car Garage

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Multi Unit(s), Zoned, Natural Gas
  • Cooling: Multi Unit(s)

Other

Directions Information:

  • Directions: Chamberline to Preakness.

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,000
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Housing Market Comparison

See how this home compares to others in Paterson, NJ.

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Paterson, NJ

City

Med. List Price

$462.3K

Med. Price/SqFt

$245

Avg. Days On Market

85

# of Sold Homes

9

387-391 Prakness Ave vs Paterson

205 DAYS ON ROCKET

+120 Days

$799,000

+$336.7K More

KEY TAKEAWAY

This property is $336.7K more than the Median List Price in Paterson, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3904475

Listing Office:

  • Office Name: GOYBURU REALTY, LLC
  • Office Phone: (973) 530-4056

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 12:55:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$4,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,462

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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.

Nearby Schools

school-card-donut-867200
5
/10

  • School 5

  • 430 Totowa Ave

  • 0.41 miles

  • Public District Grades KG-5

school-card-donut-867201
5
/10

  • School 19

  • 31 James St

  • 0.49 miles

  • Public District Grades KG-4

school-card-donut-867202
3
/10

  • School 27

  • 250 Richmond Ave

  • 0.88 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,243. The most common annual income of people living in Paterson, NJ is less than $35k. Residents typically live in married, with kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Passaic County›Paterson›07502›387-391 Prakness Ave

This home is located at 387-391 Prakness Ave in Paterson City, NJ and zip code 07502 in the 2nd Ward neighborhood. This home, which was built in 1940, sits on a 0.16 acre lot. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 30, 2024 and is currently priced at $799,000.

The number of homes for sale in Paterson, NJ increased by 17.3% between October 2024 and November 2024. In November 2024, listings were on the market for 85 days. During the same period, the median list price in this real estate market was $462,300.

From Rocket Homes Real Estate and based on county public records data.

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