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$399,000
316 Sherwood Avenue, Paterson, NJ, 07502
MLS# 26021460
5
Bedrooms
3
Bathrooms
1960
Year Built
Residential — Colonial
Property Type
Description
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
Tax & Financial Information
| Annual Property Taxes | $13,902 |
| Listed | June 17, 2026 |
Property Features
Interior
- ✓Heating: Gas,Radiators
- ✓Cooling: Win/AC
- ✓Basement: Prt Finished
Exterior & Lot
- ✓Parking: Attached
Listing Information
Listing Office: United Real Estate — 888-501-6953
Listing Agent: Mary Ellen Merenoff — 201-522-3242 — marymerenoff@aol.com
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 10/13/2026.
Total Monthly Cost
$3,728/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $79,800 | Loan: $319,200
Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.
Commute From This Home
Paterson
Main Line
Paterson Station
~0.5 mi from town center
Commute times are peak-hour estimates based on NJ Transit schedules and typical traffic. Actual times may vary. Drive times assume weekday morning rush hour.
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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Green Team are marked with the NJMLS Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.
Information deemed reliable but not guaranteed. Last date updated: 10/27/2026.
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Property listings provided by GardenState.ai through authorized access to NJMLS.
Brokerage: Better Homes and Gardens Real Estate Green Team — 293 Route 94, Vernon, NJ 07462
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