NOT LISTED FOR SALE

1053 Madison Ave Unit 1055 Paterson, NJ 07501

Eastside Neighborhood

Estimated Value: $575,000 - $734,000

-- Bed
-- Bath
2,026 Sq Ft
$323/Sq Ft Est. Value

Last Sold June 17, 2022

Last sale price $560,000 $276 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,011/month

13 Days on Market

About This Home

As of June 2022

This home is located at 1053 Madison Ave Unit 1055, Paterson, NJ 07501 since 08 May 2022 and is currently estimated at $653,563, approximately $322 per square foot. 1053 Madison Ave Unit 1055 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.

Last Agent to Sell the Property

Carolina Montoya

RE/MAX FIRST REALTY II Brokerage Phone: 908-664-1500 Listed on: 05/08/2022

RE/MAX FIRST REALTY II

Last Buyer's Agent

Courtney Orlando

COMPASS NEW JERSEY, LLC

COMPASS NEW JERSEY, LLC

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,605

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 1053
  • I D: 5145004
  • Modified: 2023-06-18
  • Number Images: 31
  • Attribution Contact: 908-664-1500
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 27X100

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
Courtney Orlando
COMPASS NEW JERSEY, LLC
List Price
$529,000
Sold Price
$560,000
Premium/Discount to List
$31,000
5.86%
Current Estimated Value
$596,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,434
Avg. Annual Appreciation
0.53%
Original Mortgage
$448,000
Outstanding Balance
$428,182
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$141,089

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
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
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% $276 / Sq Ft
05/21/2022 05/21/22 Pending -- -- --
05/08/2022 05/08/22 For Sale $529,000 -- $261 / Sq Ft
Source: Garden State 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
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

    Section Image
  • Courtney Orlando

    Buyer's Agent in 2022

    Courtney Orlando

    COMPASS NEW JERSEY, LLC

    (732) 921-1825

    1 in this area

    210 Total Sales

    Section Image
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Map

Source: Garden State MLS

MLS Number: 3780555

Garden State MLS

APN: 08-08918-0000-00023

New Jersey Passaic County Paterson 07501 Eastside

1053 Madison Ave Unit 1055, Paterson, NJ

This home is located at 1053 Madison Ave Unit 1055, Paterson, NJ 07501 since 08 May 2022 and is currently estimated at $653,563, approximately $322 per square foot. 1053 Madison Ave Unit 1055 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.

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