NOT LISTED FOR SALE

16 Michigan Ave Paterson, NJ 07503

South Paterson Neighborhood

Estimated Value: $483,000 - $669,000

-- Bed
-- Bath
2,235 Sq Ft
$261/Sq Ft Est. Value

Last Sold November 06, 2015

Last sale price $157,000 $70 Per Sq Ft

Est. 271% increase in value since last sale

Current estimated payment $4,249/month

About This Home

As of November 2015

This home is located at 16 Michigan Ave, Paterson, NJ 07503 since 06 November 2015 and is currently estimated at $582,260, approximately $260 per square foot. 16 Michigan 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.

Last Agent to Sell the Property

Hugo Meza

EXP REALTY, LLC Brokerage Phone: 973-340-1202 Listed on: 11/06/2015

EXP REALTY, LLC

Last Buyer's Agent

Edgar Meza

KELLER WILLIAMS VILLAGE SQUARE

KELLER WILLIAMS VILLAGE SQUARE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,200

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,200

Lot Details

0

Listing Details

  • County Name: Passaic
  • I D: 4571568
  • Attribution Contact: 973-340-1202
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2015
Closed on
Nov 4, 2015
Sold by
Fannie Mae
Bought by
Aref Rasheid N
Seller's Agent
Hugo Meza
EXP REALTY, LLC
Buyer's Agent
Edgar Meza
KELLER WILLIAMS VILLAGE SQUARE
Sold Price
$157,000
Current Estimated Value
$582,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$425,260
Avg. Annual Appreciation
13.89%

Purchase Details

Listed on
Nov 6, 2015
Closed on
Sep 7, 2015
Sold by
Selgin Bayram Orhan and Selgin Bayram
Bought by
Federal National Mortgage Association
Seller's Agent
Hugo Meza
EXP REALTY, LLC
Buyer's Agent
Edgar Meza
KELLER WILLIAMS VILLAGE SQUARE
Sold Price
$157,000

Purchase Details

Closed on
Sep 20, 2007
Sold by
Ozkan Hasmet
Bought by
Bayram Orhan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2005
Sold by
Dombayci Veysel
Bought by
Oskan Hasmet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,200
Interest Rate
6.95%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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
Aref Rasheid N $157,000 Agent For Commonwealth Land
Federal National Mortgage Association -- Attorney
Bayram Orhan $394,000 --
Oskan Hasmet $338,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bayram Orhan $315,000
Previous Owner Oskan Hasmet $304,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2015 11/06/15 Sold $157,000 -- $70 / 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
2025 $14,200 $278,700 $41,500 $237,200
2024 $13,665 $278,700 $41,500 $237,200
2022 $12,937 $278,700 $41,500 $237,200
2021 $12,475 $278,700 $41,500 $237,200
2020 $11,636 $278,700 $41,500 $237,200
2019 $11,253 $272,200 $40,500 $231,700
2018 $8,985 $207,700 $40,100 $167,600
2017 $8,574 $206,100 $39,900 $166,200
2016 $9,446 $217,700 $42,000 $175,700
2015 $8,943 $217,700 $42,000 $175,700
2014 $11,017 $379,900 $208,500 $171,400
Source: Public Records

Agents Affiliated with this Home

  • Hugo Meza

    Seller's Agent in 2015

    Hugo Meza

    EXP REALTY, LLC

    (973) 771-5995

    3 in this area

    87 Total Sales

    Hugo Meza
    Section Image

  • E

    Buyer's Agent in 2015

    Edgar Meza

    KELLER WILLIAMS VILLAGE SQUARE

    (201) 445-4300

    25 Total Sales

    Edgar Meza
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3256498

Garden State MLS

APN: 08-07012-0000-00022

New Jersey Passaic County Paterson 07503 South Paterson

16 Michigan Ave, Paterson, NJ

Not Listed for Sale

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