6 months on rocket

400 Summer St, Paterson City, NJ, 07501

$689,900

Home List Price

$8,193*

Closing Credit

6 Bedrooms
4 Full Baths
Multi

Location

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400 Summer St, Paterson$689,900

Buyer Closing Credits

$8,193*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn-Street Parking
Year Built1940
HeatingNatural Gas
BasementYes
MLS #3895631
Lot Size0.04 Acres
StatusActive

About 400 Summer St

Fantastic investment income producing property. 4 family home with two 2bedroom apartments and two 1 bedroom apartments fully leased. Separate utilities. New roof 3 yrs ago. All units in very good condition. Annual rent $59,112. NOI $47,351

Property Details

Property Features

Property Information:

  • Architectural Style: 2-Two Story
  • Year Built: 1940

Listing Office:

  • Office Name: BLUE RIBBON REALTY
  • Office Phone: (973) 636-2110

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: Yes
  • Interior: Carbon Monoxide Detector, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Patio, Wood Fence

Parking Information:

  • Parking: On-Street Parking

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: Norton St to Summer

Price Information

Listing Price Info

Price Summary:

  • List Price: $689,900
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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

$450K

Med. Price/SqFt

$287

Avg. Days On Market

80

# of Sold Homes

12

400 Summer St vs Paterson

209 DAYS ON ROCKET

+129 Days

$689,900

+$239.9K More

KEY TAKEAWAY

This property is $239.9K more than the Median List Price in Paterson, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3895631

Listing Office:

  • Office Name: BLUE RIBBON REALTY
  • Office Phone: (973) 636-2110

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: 11/21/2024, 12:20:46 PM 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

$3,511

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,135

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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.

Nearby Schools

school-card-donut-289630
3
/10

  • School 15

  • 98 Oak St

  • 0.23 miles

  • Public District Grades PK-5

school-card-donut-289631
3
/10

  • Roberto Clemente

  • 434 Rosa Parks Blvd

  • 0.25 miles

  • Public District Grades KG-5

school-card-donut-289632
1
/10

  • Edward W. Kilpatrick

  • 295-315 Ellison St

  • 0.25 miles

  • Public District Grades PK-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,353. Most Paterson, NJ residents have annual incomes less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Passaic County›Paterson›07501›400 Summer St

This home is located at 400 Summer St in Paterson City, NJ and zip code 07501 in the Sandy Hill neighborhood. This home, which was built in 1940, sits on a 0.04 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $689,900.

In October 2024 in Paterson, NJ there were 25.1% more homes for sale than in September 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.

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