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448 Preakness Ave, Paterson, NJ, 07502

2beds
2baths
--sqft
$449,888
--price/sqft
$3,471/moest. monthly cost
$138,840/yrincome needed

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

50
WalkingSomewhat Walkable
29
TransitSome Transit
23
BikeSomewhat Bikeable

Schools

4/10
School 27Grades PK-50.3 mi
4/10
Joseph A. Taub SchoolGrades 6-80.6 mi
1/10

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
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Inland Flooding
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

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

MonthlyAnnual
Mortgage $2,274$27,288
Home Insurance *$157$1,884
Property Taxes $847$10,164
Electricity $193$2,318
Total$3,471$41,652
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$119,005/yr
40% on housing$104,130/yr
45% on housing$92,560/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

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.

Insurance Growth Rate5-year average: 10.5%
10.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07502$291
Passaic County$341

vs Homes Sold Last Month

Median $/sqft

ZIP 07502$333
Passaic County$345

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

DateEventPrice
2026-07-14Listed for sale$449,888

For Sale by Agent

AgentBenjamin Rodriguez
BrokerageKeller Williams Village Square

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