NOT LISTED FOR SALE

1053-1055 Madison Ave Paterson, NJ 07501

Eastside Neighborhood

Estimated Value: $569,000 - $685,373

9 Beds
4 Baths
-- Sq Ft
2,701 Sq Ft Lot

Last Sold June 17, 2022

Last sale price $560,000

Est. 13% increase in value since last sale

Current estimated payment $4,118/month

13 Days on Market

About This Home

As of June 2022

Welcome to this massive newly renovated two family with finished attic and basement. This is a great investment opportunity for a first-time home buyer or investor. This house offers 9 bedrooms 4 bathrooms and two zone forced hot air and central air. Each unit has its own laundry hook up. As soon as you step in you see how spacious this house truly is. Great location convenient to the shopping, stores, highway and restaurants all at a walking distance.

Last Agent to Sell the Property

Carolina Montoya

RE/MAX First Realty II Listed on: 05/08/2022

RE/MAX First Realty II

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,327

Lot Details

  • 2,701 Sq Ft Lot
  • Lot Dimensions are 27x100

Home Design

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 00023 / 08918

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,327

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups
  • Co List Office Phone: 908-664-1500
  • MLS Status: Sold - Sold
  • Directions: Front of HWY Interstate 80 next block over is 21st Ave
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Renovated,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 9
  • Basement Remarks: Finished basement

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Dimensions: 27x100
  • Lot Size Sq Ft: 2701.0

Tax Info

  • Tax Annual Amount: 7327.0
  • Tax Block: 08918
  • Tax Lot: 00023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2022
Closed on
Jun 16, 2022
Sold by
Bc Cocompany Llc
Bought by
Jm Madison Ave Llc
Seller's Agent
Carolina Montoya
RE/MAX First Realty II
Buyer's Agent
Outside Agent
Outside Office
List Price
$529,000
Sold Price
$560,000
Premium/Discount to List
$31,000
5.86%
Current Estimated Value
$633,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,093
Avg. Annual Appreciation
3.87%
Original Mortgage
$448,000
Outstanding Balance
$426,986
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$206,107

Purchase Details

Closed on
Oct 15, 2021
Sold by
Alfaro Jose and Alfaro Esperanza B
Bought by
Bcco Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,680
Interest Rate
2.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 2000
Sold by
Marin Luis E and Marin Elizabeth
Bought by
Alfaro Jose and Alfaro Esperanza B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,450
Interest Rate
8.21%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jm Madison Ave Llc $560,000 Sunnyside Title
Jm Madison Ave Llc $560,000 Sunnyside Title
Bcco Company Llc $265,000 American Title Abstract Corp
Alfaro Jose $186,000 Passaic Valley Title Svc Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jm Madison Ave Llc $448,000
Closed Jm Madison Ave Llc $448,000
Previous Owner Bcco Company Llc $306,680
Previous Owner Alfaro Jose $101,000
Previous Owner Alfaro Jose $184,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $560,000 +5.9% --
05/21/2022 05/21/22 Pending -- -- --
05/08/2022 05/08/22 For Sale $529,000 -- --
Source: New Jersey MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,942 $175,500 $20,500 $155,000
2024 $8,605 $175,500 $20,500 $155,000
2022 $8,147 $175,500 $20,500 $155,000
2021 $7,855 $175,500 $20,500 $155,000
2020 $7,327 $175,500 $20,500 $155,000
2019 $7,098 $171,700 $20,300 $151,400
2018 $7,320 $169,200 $20,200 $149,000
2017 $6,985 $167,900 $20,100 $147,800
2016 $7,697 $177,400 $21,200 $156,200
2015 $7,288 $177,400 $21,200 $156,200
2014 $11,014 $379,800 $164,600 $215,200
Source: Public Records

Agents Affiliated with this Home

  • Carolina Montoya

    Seller's Agent in 2022

    Carolina Montoya

    RE/MAX

    (908) 451-7794

    11 in this area

    34 Total Sales

    Carolina Montoya
    Section Image

  • O

    Buyer's Agent in 2022

    Outside Agent

    Outside Office

See All Agents

Map

Source: New Jersey MLS

MLS Number: 22016105

New Jersey MLS

APN: 08-08918-0000-00023

New Jersey Passaic County Paterson 07501 Eastside

1053-1055 Madison Ave, Paterson, NJ

This home is located at 1053-1055 Madison Ave, Paterson, NJ 07501 since 08 May 2022 and is currently estimated at $633,093. 1053-1055 Madison Ave is a home located in Passaic County with nearby schools including Dale Avenue Elementary School, Edward W. Kilpatrick School of Discovery, and Paterson Public School No. 3.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

New Jersey MLS The data relating to the 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 Ten-X are marked with the 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.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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