398 Preakness Ave
Paterson, NJ 07502
2 bd 1 ba 990 sqft Built 1950 Lot 3,080 sqft single_family
Most recent sale
$246,000
Mar 25, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 25, 2022 | Sold | $246,000 | MLS #3763704 |
| Feb 14, 2022 | Listed | $224,900 | MLS #3763704 |
| Apr 14, 2010 | Sold | $185,000 | Public Record |
| Sep 11, 2006 | Sold | $325,000 | Public Record |
| Mar 30, 1999 | Sold | $109,100 | Public Record |
| Aug 27, 1998 | Sold | $65,000 | Public Record |
| May 10, 1996 | Sold | $109,960 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | $87,600 | $58,600 | $146,200 | $6,104 |
| 2019 | $85,600 | $55,100 | $140,700 | $5,817 |
| 2018 | $84,200 | $54,500 | $138,700 | $6,000 |
| 2017 | $83,100 | $54,100 | $137,200 | $5,708 |
| 2016 | $79,900 | $56,900 | $136,800 | $5,686 |
| 2015 | $79,900 | $56,900 | $136,800 | $5,370 |
| 2014 | $99,500 | $113,200 | $212,700 | $6,160 |
| 2013 | $109,500 | $123,200 | $232,700 | $6,385 |
| 2012 | $109,500 | $153,200 | $262,700 | $6,607 |
| 2010 | $109,500 | $153,200 | $262,700 | $5,585 |
| 2009 | $109,500 | $153,200 | $262,700 | $5,073 |
| 2008 | $109,500 | $153,200 | $262,700 | $4,868 |
Property facts
Year built
1950
Property type
single_family
Stories
—
Beds
2
Baths
1
Living area
990 sqft
Lot size
3,080 sqft
ZIP code
07502
City
Paterson
Street
Preakness Ave
Coordinates
40.92305, -74.19521
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,485
Gross rental yield
7.24%
Implied cap rate
4.71%
Trend-extrapolated value
—
Frequently asked questions
When did 398 Preakness Ave last sell?
398 Preakness Ave most recently sold on Mar 25, 2022 for $246,000.
What is the current tax assessment for 398 Preakness Ave?
The most recent total assessment for 398 Preakness Ave (year 2020) is $146,200 with $6,104 in property tax.
How does 398 Preakness Ave's assessment compare to its last sale price?
The current assessment is 40.6% below the last sale price of $246,000.
When was 398 Preakness Ave built?
398 Preakness Ave was built in 1950.
How does 398 Preakness Ave compare to others on Preakness Ave?
We track 8 other properties on Preakness Ave. Browse the list under "Other properties on Preakness Ave" to compare beds, baths, and sale history.
What are the property facts for 398 Preakness Ave?
398 Preakness Ave is a 2 bed, 1 bath, 990 sqft, 3,080 sqft lot single_family.
Is 398 Preakness Ave a flip candidate?
No — 398 Preakness Ave does not appear in our flips dataset.
Is 398 Preakness Ave a tax-appeal candidate?
No — 398 Preakness Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.3%
Implied 1-yr
+13.1%
2026 Q3
$516.8K
2026 Q4
$530.8K
ZIP 07502 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Preakness Ave