489 Summer St
Paterson, NJ 07501
6 bd 4 ba 2,650 sqft Built 2021 Lot 2,614 sqft multi_family
Most recent sale
$525,000
Apr 4, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 19, 2025 | Sold | $678,000 | GardenState |
| Aug 14, 2025 | Listed | $660,000 | GardenState |
| Apr 4, 2022 | Sold | $525,000 | MLS #3735525 |
| Aug 18, 2021 | Listed | $525,000 | MLS #21033947 |
| Oct 24, 2018 | Sold | $145,000 | Public Record |
| Jun 27, 2018 | Listing removed | $149,000 | GardenState |
| Jun 16, 2018 | Listing removed | $149,000 | NewJerseyMLS |
| Jan 27, 2017 | Listed | $149,000 | MLS #1703263 |
| Jan 26, 2017 | Listed | $149,000 | MLS #3360502 |
| Oct 11, 2007 | Sold | $170,000 | Public Record |
| Jan 24, 2005 | Sold | $330,000 | Public Record |
| Dec 30, 2003 | Sold | $286,000 | Public Record |
| Jul 10, 1996 | Sold | $51,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | $21,900 | $21,900 | $1,168 |
| 2024 | — | $21,900 | $21,900 | $1,115 |
| 2023 | — | $21,900 | $21,900 | $1,073 |
| 2022 | — | $21,900 | $21,900 | $1,016 |
| 2021 | — | $21,900 | $21,900 | $980 |
| 2020 | $134,100 | $21,900 | $156,000 | $6,513 |
| 2019 | $131,000 | $21,600 | $152,600 | $6,308 |
| 2018 | $140,200 | $21,500 | $161,700 | $6,995 |
| 2017 | $139,100 | $21,400 | $160,500 | $6,676 |
| 2016 | $147,000 | $22,500 | $169,500 | $7,354 |
| 2015 | $147,000 | $22,500 | $169,500 | $6,963 |
| 2014 | $249,000 | $108,500 | $357,500 | $10,353 |
| 2013 | $249,000 | $108,500 | $357,500 | $9,809 |
| 2012 | $249,000 | $108,500 | $357,500 | $8,991 |
| 2010 | $249,000 | $108,500 | $357,500 | $7,600 |
| 2009 | $249,000 | $108,500 | $357,500 | $6,903 |
| 2008 | $249,000 | $108,500 | $357,500 | $6,624 |
| 2007 | $249,000 | $108,500 | $357,500 | $62,562 |
Property facts
Year built
2021
Property type
multi_family
Stories
3
Beds
6
Baths
4
Living area
2,650 sqft
Lot size
2,614 sqft
ZIP code
07501
City
Paterson
Street
Summer St
Coordinates
40.91078, -74.16335
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,975
Gross rental yield
9.09%
Implied cap rate
5.91%
Trend-extrapolated value
—
Frequently asked questions
When did 489 Summer St last sell?
489 Summer St most recently sold on Apr 4, 2022 for $525,000.
What is the current tax assessment for 489 Summer St?
The most recent total assessment for 489 Summer St (year 2025) is $21,900 with $1,168 in property tax.
How does 489 Summer St's assessment compare to its last sale price?
The current assessment is 95.8% below the last sale price of $525,000.
When was 489 Summer St built?
489 Summer St was built in 2021.
How does 489 Summer St compare to others on Summer St?
We track 8 other properties on Summer St. Browse the list under "Other properties on Summer St" to compare beds, baths, and sale history.
What are the property facts for 489 Summer St?
489 Summer St is a 6 bed, 4 bath, 2,650 sqft, 2,614 sqft lot multi_family.
Is 489 Summer St a flip candidate?
No — 489 Summer St does not appear in our flips dataset.
Is 489 Summer St a tax-appeal candidate?
No — 489 Summer St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.0%
Implied 1-yr
+7.9%
2026 Q3
$653.7K
2026 Q4
$665.1K
ZIP 07501 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Summer St