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$399,000

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 3 Full Baths
  • 2 Car Garage
  • Updated 5 days ago
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AS-IS SALE. Spacious 5-bedroom, 3 full bath home in a desirable Paterson location. Property requires substantial renovation and is priced accordingly. Excellent opportunity for investors, contractors, or buyers seeking a value-add project. Convenient location near transportation, shopping, schools, and major highways. Great potential'€"bring your vision! This is a short sale subject to 3rd party approval. The home is being sold as-is, where is a condition with no warranties expressed or implied. Inspections are for informational purposes only. Buyer will be responsible for all FHA, VA or lender repairs needed for financing, if required. Please note that if the town requires a certificate of occupancy, this will be the buyer'€™s responsibility. All contracts must have wet signatures (Bank(s) will not accept digital signatures). **NOTE Buyer responsible for signing all applicable short sale negotiator disclosures - Documents are uploaded into the disclosure section

Full Property Details for 316 Sherwood Ave

General

  • Price: $399,000
  • Taxes: $13,902
  • Status: Active
  • Type: Single Family
  • Source: NJMLS
  • MLS ID: 26021460
  • Updated: 7/7/2026
  • Added to Site: 26 day(s) ago

Interior

  • Number of Rooms: 9
  • Interior Features: Center Stairwell

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Pool Description: None
  • Other Features: Close to Parks, Close to Shopping, Close to Transportation

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Attached

Location

  • Area: Paterson
  • County: PASSAIC

Community

  • Home Owners Assn.: None

Heating & Cooling

  • Cooling Type: Win/AC
  • Heating Type: Gas, Radiators

Structural Information

  • Architectural Style: Colonial
  • Description/Design: Center Stairwell
  • Exterior Const.: Aluminum, Brick
  • Basement Desc.: Partially Finished
  • Year Built: 1960s

Lot Features

  • Property View: None
  • Lot Description: Regular

Water Features

  • Water Front Desc.: None

Financial Considerations

  • Tax Amount: $13,902

Disclosures and Reports

  • Ownership: Private
  • Flood Zone: None

Listed by United Real Estate (888) 501-6953, Mary Ellen Merenoff (201) 522-3242

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Listing agent

— 316 Sherwood Ave —

  • Mary Ellen Merenoff

    United Real Estate

    201-522-3242

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 316 Sherwood Ave

School District:Paterson City School District
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 316 Sherwood Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/17/2026
Listed
$399,000
7.84%
MLS
7/07/2008
Sold
$370,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 316 Sherwood Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,571
15%
$310,600
—
2022
$14,418
4%
$310,600
—
2021
$13,902
7%
$310,600
4%
2018
$12,948
5%
$299,300
1%
2017
$12,359
-2%
$297,100
2%
2016
$12,635
1%
$291,200
-4%
2019
$12,555
5%
$303,700
4%
2015
$11,962
25%
$291,200
-17%
2013
$9,601
—
$349,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 316 Sherwood Ave

$
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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by United Real Estate (888) 501-6953, Mary Ellen Merenoff (201) 522-3242

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316 Sherwood Avenue, Paterson, NJ 07502 (MLS# 26021460) is a Single Family property with 5 bedrooms and 3 full bathrooms. 316 Sherwood Avenue is currently listed for $399,000 and was received on June 17, 2026. Want to learn more about 316 Sherwood Avenue? Do you have questions about finding other Single Family real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

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