NOT LISTED FOR SALE

1259 Madison Ave Unit 1261 Paterson, NJ 07503

South Paterson Neighborhood

Estimated Value: $614,000 - $694,000

-- Bed
-- Bath
2,448 Sq Ft
$267/Sq Ft Est. Value

About This Home

This home is located at 1259 Madison Ave Unit 1261, Paterson, NJ 07503 and is currently estimated at $652,957, approximately $266 per square foot. 1259 Madison Ave Unit 1261 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2024
Sold by
Kiame Management Llc
Bought by
Vk Management Llc
Current Estimated Value
$652,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Outstanding Balance
$1,290,600
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
-$624,926

Purchase Details

Closed on
Feb 26, 2015
Sold by
Kiame Barakat
Bought by
Kiame Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
3.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2014
Sold by
Damascus Gate Ii Corp
Bought by
Kiame Barakat

Purchase Details

Closed on
Oct 25, 2005
Sold by
Zaidan Mohammad H
Bought by
Damascus Gates Ii Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,350
Interest Rate
6.07%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 12, 2003
Sold by
Zaydan Taysier
Bought by
Zaidan Mohamad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.9%

Purchase Details

Closed on
Dec 29, 2000
Sold by
Asbaty Lorraine
Bought by
Zaydan Taysier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,375
Interest Rate
7.39%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Vk Management Llc $750,000 Prestige Title
Kiame Management Llc -- Multiple
Kiame Barakat $400,000 New Jersey Land Title
Damascus Gates Ii Corp -- --
Zaidan Mohamad $240,000 --
Zaydan Taysier $124,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vk Management Llc $1,300,000
Previous Owner Kiame Management Llc $470,000
Previous Owner Zaidan Mohamad Hassan $237,350
Previous Owner Zaidan Mohamad $216,000
Previous Owner Zaydan Taysier $83,375
Source: Public Records

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 $13,879 $272,400 $53,600 $218,800
2024 $13,356 $272,400 $53,600 $218,800
2022 $12,645 $272,400 $53,600 $218,800
2021 $12,193 $272,400 $53,600 $218,800
2020 $11,373 $272,400 $53,600 $218,800
2019 $11,013 $266,400 $52,700 $213,700
2018 $10,387 $240,100 $52,300 $187,800
2017 $9,913 $238,300 $52,000 $186,300
2016 $10,921 $251,700 $54,800 $196,900
2015 $10,340 $251,700 $54,800 $196,900
2014 $10,573 $364,600 $197,700 $166,900
Source: Public Records

Map

New Jersey Passaic County Paterson 07503 South Paterson

1259 Madison Ave Unit 1261, Paterson, NJ

This home is located at 1259 Madison Ave Unit 1261, Paterson, NJ 07503 and is currently estimated at $652,957, approximately $266 per square foot. 1259 Madison Ave Unit 1261 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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