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$449,888
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Property Description
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.
Full Property Details
Full Property Details for 448 Preakness Ave
General
- Price: $449,888
- Taxes: $9,592 (2025)
- Status: Active
- Type: Single Family
- Source: Garden_State
- MLS ID: 4040551
- Updated: 7/14/2026
- Added to Site: 7 day(s) ago
Interior
- Number of Rooms: 6
- Appliances: Microwave, Gas Range and Oven, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Kitchen: Eat-In Kitchen
Parking
- Uncovered Spaces: 8
Location
- County: Passaic
- Driving Directions: Chamberlain Avenue to Preakness or Valley Road, Wayne to Preakness
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 1 Unit, Forced Hot Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: Ranch
- Basement: Yes
- Basement Desc.: Finished, Full, Walk-Out
- Roof: Asphalt Shingles
- Year Built: 1967
- Remodeled/Updated: 2017
Lot Features
- Lot Size (Acres): 0.14
- Lot Size: 50 x 124
- Driveway/Sidewalk: 2 Car Width
Financial Considerations
- Assessment Amount: $415,900
- Land Assmt: $226,500
- Tax Amount: $9,592
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- APN: 2508-01202-0000-00019-0000-
- Block: 1202
- Lot Number: 19
Listed by Keller Williams Village Square
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Schools
Schools serving 448 Preakness 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 448 Preakness Ave
Date
Details
Price
Change
Source
7/14/2026
Listed
$449,888
139.3%
MLS
9/08/2009
Sold
$188,000
—
Public Record
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
Tax History for 448 Preakness Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,592
—
$415,900
131%
2025
$9,592
15%
$179,800
—
2022
$8,346
4%
$179,800
—
2021
$8,048
8%
$179,800
5%
2018
$7,432
3%
$171,800
-1%
2019
$7,193
11%
$174,000
12%
2017
$6,477
-5%
$155,700
-1%
2016
$6,825
6%
$157,300
—
2015
$6,462
-9%
$157,300
-40%
2013
$7,134
—
$260,000
—
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
Estimate the Cost for 448 Preakness Ave
448 Preakness Ave, Paterson, NJ 07502 (MLS# 4040551) is a Single Family property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 448 Preakness Ave is currently listed for $449,888 and was received on July 14, 2026. Want to learn more about 448 Preakness Ave? 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.

