




448 Preakness Ave, Paterson, NJ, 07502
About This Home
Welcome to 488 Preakness Avenue, a well-maintained home offering flexible living space, generous parking, and a large backyard in a convenient Paterson location. This inviting property features two spacious bedrooms, one-and-a-half bathrooms, and a comfortable eat-in kitchen complete with granite countertops, tile backsplash, and direct access to the rear deck.The finished basement is one of the home?s standout features, providing valuable additional space for a family room, home office, gym, recreation area, or guest accommodations. The lower level also includes a separate entrance, an additional room, laundry hookups, a half bathroom, and ample storage.Outside, enjoy a sizable backyard with plenty of room for entertaining, gardening, pets, or creating your own private outdoor retreat. The extended driveway comfortably accommodates approximately eight vehicles, offering a rare amount of off-street parking.Additional highlights include an updated main bathroom, newer water heater, updated electrical panel, recently replaced gutters, central heating, window air conditioning, and abundant closet space throughout.Conveniently located near shopping, restaurants, parks, public transportation, and major roadways including Routes 20, 46, and Interstate 80, this home provides easy access to Wayne, Clifton, surrounding Passaic County communities, and New York City commuter routes.
Getting Around
Schools
Construction
Condition
- Year built: 1967
Materials
- Roof: Asphalt Shingle
- Construction materials: Aluminum Siding,Stone
Notable Dates
- Major remodel year: 2017
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Microwave,Range/Oven-Gas,Refrigerator
Basement
- Has basement: Yes
- Basement: Yes,Finished,Full,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating & Cooling
- Heating features: 1 Unit,Forced Air,Natural Gas
- Cooling features: Window Unit(s)
Kitchen
- Features: Eat-in Kitchen
Property
Details
- Parcel number: 2508012020000000190000
Lot
- Lot size: 6,098 sqft
- Lot size dimensions: 50 x 124
Parking
- Total spaces: 8
- Parking features: 2 Car Width
- Uncovered spaces: 8
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
- Cold Wave
- Heat Wave
- Inland Flooding
- 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 | $2,274 | $27,288 |
| Home Insurance * | $157 | $1,884 |
| Property Taxes | $847 | $10,164 |
| Electricity | $193 | $2,318 |
| Total | $3,471 | $41,652 |
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 |
|---|---|---|
| 2026-07-14 | Listed for sale | $449,888 |
