197 Edmund Ave, Paterson, NJ, 07502
About This Home
Welcome to an incredible opportunity to own a single-family home! This 2-bedroom ranch is perfect for first-time homebuyers, investors, or anyone looking to stop renting and start building equity. Situated in a quiet neighborhood, this home offers convenient one-floor living, low property taxes, and endless potential. Whether you're looking for a place to call home, a rental property, or a long-term investment, this property checks all the boxes. With the potential to expand in the future and a desirable location close to shopping, dining, parks, schools, and major transportation routes, the possibilities are endless. Great value, great location, and tremendous upside make this a rare opportunity you won't want to miss.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Roof: Asphalt Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: See Remarks
Basement
- Has basement: Yes
- Basement: Yes,Full,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating & Cooling
- Heating features: See Remarks
- Cooling features: See Remarks
Kitchen
- Features: See Remarks
Property
Details
- Parcel number: 2508013120000000050000
Lot
- Lot size: 1,306 sqft
- Lot size dimensions: 22 x 50
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Cold Wave
- Heat Wave
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,339 | $16,068 |
| Home Insurance * | $92 | $1,104 |
| Property Taxes | $499 | $5,988 |
| Electricity | $193 | $2,318 |
| Total | $2,123 | $25,476 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-16 | Listed for sale | $265,000 |
| 2024-08-03 | Listing removed | -- |
| 2024-07-16 | Listed for rent | $2,000 |
| 2023-12-15 | Sold | $207,000 |
| 2023-12-14 | Pending sale | $200,000 |
| 2023-11-03 | Price change | $200,000 |
| 2023-06-29 | Price change | $269,000 |
| 2023-05-04 | Listed for sale | $289,000 |
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