NOT LISTED FOR SALE

14 W Madison Ave Dumont, NJ 07628

Estimated Value: $1,126,718

-- Bed
1 Bath
-- Sq Ft
6,273 Sq Ft Lot

Last Sold August 22, 2022

Last sale price $950,000

Est. 19% increase in value since last sale

Current estimated payment $8,253/month

49 Days on Market

About This Home

As of August 2022

Rare 7 unit mixed use building in town center close to everything. This two story building offers 3 street level retail/office spaces which are occupied. The second floor consists of 4 one bedroom apartments which were updated in about 2004 with in unit laundry. Three of the four units are currently occupied. All three of the ground floor spaces are currently occupied and would like to stay on if possible. The Insurance agency is at $1,655,store $1,575 and the HVAC shop $815. The apartments are at $1,050, $1,100 and $1,250. In the past year the average rent for 1 bedroom apartments in Dumont is $1,543.

Last Agent to Sell the Property

Bill Beckett

McSpirit & Beckett Real Estate Listed on: 04/05/2022

Last Buyer's Agent

Bill Beckett

McSpirit & Beckett Real Estate Listed on: 04/05/2022

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $25,136

Lot Details

  • 6,273

Home Design

  • Flat Roof Shape

Property Details

Property Type

Other

Est. Annual Taxes

$25,136

Lot Details

0

Listing Details

  • Property Type: 5+ Mixed Use
  • Co List Office Phone: (201) 569-6300
  • MLS Status: Sold - Sold
  • Directions: Washington to Madison
  • Year Built Details: 1900-1939,Build Prior to 1978
  • PropertySubTypeAdditional: Rtl/Apt
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Roof: Flat

Lot Info

  • Lot: 00014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2022
Closed on
Aug 4, 2022
Sold by
14 Madison Avenue Llc
Bought by
14 W Madison Llc
Seller's Agent
Bill Beckett
McSpirit & Beckett Real Estate
Buyer's Agent
Bill Beckett
McSpirit & Beckett Real Estate
List Price
$1,089,000
Sold Price
$950,000
Premium/Discount to List
-$139,000
-12.76%
Current Estimated Value
$1,126,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,718
Avg. Annual Appreciation
5.57%
Original Mortgage
$500,000
Outstanding Balance
$477,987
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$648,731
Source: Public Records

Range of Values:

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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
14 W Madison Llc $925,000 American Land Title
14 W Madison Llc $925,000 American Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 14 W Madison Llc $500,000
Closed 14 W Madison Llc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2022 08/22/22 Sold $950,000 -12.8% --
05/24/2022 05/24/22 Pending -- -- --
04/05/2022 04/05/22 For Sale $1,089,000 -- --
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 $27,362 $1,245,200 $312,500 $932,700
2024 $26,514 $673,100 $187,500 $485,600
2023 $25,966 $668,700 $187,500 $481,200
2022 $25,966 $668,700 $187,500 $481,200
2021 $25,839 $668,700 $187,500 $481,200
2020 $25,136 $668,700 $187,500 $481,200
2019 $24,535 $668,700 $187,500 $481,200
2018 $24,033 $668,700 $187,500 $481,200
2017 $23,572 $668,700 $187,500 $481,200
2016 $23,023 $668,700 $187,500 $481,200
2015 $22,495 $668,700 $187,500 $481,200
2014 $22,054 $668,700 $187,500 $481,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 22011328

New Jersey MLS

APN: 10-00905-0000-00014