493-497 Union Ave, Paterson City, NJ 07522
Passaic County
Key Facts
Description
Great opportunity for this 12500 SQFT vacant lot in High Visibility location.Currently utilized for parking, this property is situated within the R-3 Zone, presenting potential redevelopment opportunities and tax abatement programs. Utility hook up in street. Convenient Access to Major Highways, Transportation, Shopping & Restaurants.
Property Information
Property Type
Land
Lot Size
0.29 acres
MLS® Listing#
4037267
Property Features
Financial Details
Annual Taxes
$25,000
Tax year 2025
Assessed Value
$1,112,500
Parcel Number
2508-00911-0000-00019-0000-
Directions
UNION AVE / MARION AVE
Affordability Calculator
$179,800
Estimated monthly payment
$4,785/mo
Principal $719,200 · Est. interest $1,003,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Paterson City, NJ
- $613,803
- Median Listing Price
- 49
- Median Days on Market
- 1,367
- Median Sq Ft
- $423
- Median Price / Sq Ft
- 3,200
- Active Listings
- This home’s price is 46% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Paterson City, NJ.
Location
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Points of Interest in Paterson City, NJ
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 825 Dennis Pl, Linden City, NJ | $629,555 | 5 | 2 | — |
| 221 LIMPET DRIVE 221, OCEAN CITY, NJ | $629,900 | 2 | 2 | 1,005 |
| 422 W Linden Ave, Linden City, NJ | $629,900 | 3 | 3 | — |
| 148 Magnolia Ave, Elizabeth City, NJ | $629,900 | 5 | 2 | 1,970 |
| 221 Limpet 221, Ocean City, NJ | $629,900 | 2 | — | 1,005 |
| 47 3rd Avenue, Neptune City, NJ | $629,900 | 3 | 2 | 1,288 |
Moving Cost Estimate
EXIT Agents in Paterson City
Listing Courtesy: NICHOLAS REAL ESTATE AGENCY - 9733401202