NOT LISTED FOR SALE

185-187 Michigan Ave Paterson, NJ 07503

South Paterson Neighborhood

Estimated Value: $567,046 - $640,000

4 Beds
2.5 Baths
-- Sq Ft
5,001 Sq Ft Lot

Last Sold May 20, 2022

Last sale price $485,000

Est. 25% increase in value since last sale

Current estimated payment $4,033/month

11 Days on Market

About This Home

As of May 2022

GREAT OPPORTUNITY for INVESTORS or OWNER OCCUPANT! Welcome to this 2-Family home located in a friendly neighborhood on a corner lot. The First-Floor consists of 2 Bedrooms, recently renovated Kitchen, Full Bath, Dining/Living Room w/finished Basement including Family Room, Summer Kitchen, Half Bath, Laundry(w/new washer & dryer), Bonus Room and Walk Out to a spacious fenced in yard w/built in gas for BBQ & entertaining. The Second-Floor unit has 1 Bedroom, Full Bath, Eat-in Kitchen, 2nd bedroom is currently a Dining Room but easily can be changed back to a Bedroom & the Living Room has Sliding Doors to a Private Deck. The home is tucked away on a quiet side street and close to public schooling, transportation, houses of worship,& major highways such as Route 80 and the Garden State Parkway. Home is being SOLD AS IS with NO KNOWN ISSUES.

Last Agent to Sell the Property

Dawn Cortes

Christie's International Real Estate Group-Mahwah/Saddle River Regional Office Listed on: 03/07/2022

Christie's International Real Estate Group-Mahwah/Saddle River Regional Office

Co-Listed By

Giancarlo Cortes

Christie's International Real Estate Group-Mahwah/Saddle River Regional Office

Last Buyer's Agent

Josue Reyes

Prestige Property Group - Montclair

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,219

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 50x100

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

  • Laundry in Basement

Listing and Financial Details

  • Legal Lot and Block 00009 / 07210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,219

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: 201-962-9555
  • MLS Status: Sold - Sold
  • Directions: Lakeview Avenue to Michigan
  • Architectural Style: 2 Family
  • Year Built Details: 1940's,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Basement Remarks: Fin-with walk out-Summer Kitchen, Bonus RM, Family RM, Laundry 1/2Bath

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Dimensions: 50X100
  • Lot Size Sq Ft: 5001.0

Tax Info

  • Tax Annual Amount: 8219.0
  • Tax Block: 07210
  • Tax Lot: 00009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2022
Closed on
May 20, 2022
Sold by
Woollen Elisa V
Bought by
Henriquez Chabeli and Medrano Jonathan Cabrera
Seller's Agent
Dawn Cortes
Christie's International Real Estate Group-Mahwah/Saddle River Regional Office
Buyer's Agent
Josue Reyes
Prestige Property Group - Montclair
List Price
$439,900
Sold Price
$485,000
Premium/Discount to List
$45,100
10.25%
Current Estimated Value
$606,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,012
Avg. Annual Appreciation
6.55%
Original Mortgage
$476,215
Outstanding Balance
$452,394
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$153,618

Purchase Details

Closed on
Sep 12, 2017
Sold by
Mascelli Angelo and Estate Of Mariantonia Mascelli
Bought by
Woollen Elisa V
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Henriquez Chabeli $485,000 Brindisi Nicholas S
Woollen Elisa V -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henriquez Chabeli $476,215
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2022 05/20/22 Sold $485,000 +10.3% --
03/18/2022 03/18/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $439,900 -- --
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 $10,103 $198,300 $51,800 $146,500
2024 $9,723 $198,300 $51,800 $146,500
2022 $9,205 $198,300 $51,800 $146,500
2021 $8,876 $198,300 $51,800 $146,500
2020 $8,279 $198,300 $51,800 $146,500
2019 $8,012 $193,800 $50,700 $143,100
2018 $8,263 $191,000 $50,200 $140,800
2017 $7,887 $189,600 $49,900 $139,700
2016 $8,432 $200,100 $52,500 $147,600
2015 $7,970 $200,100 $52,500 $147,600
2014 $7,705 $274,300 $118,800 $155,500
Source: Public Records

Agents Affiliated with this Home

  • Dawn Cortes

    Seller's Agent in 2022

    Dawn Cortes

    Christie's International Real Estate Group-Mahwah/Saddle River Regional Office

    (551) 427-9674

    2 in this area

    35 Total Sales

    Dawn Cortes
    Section Image

  • G

    Seller Co-Listing Agent in 2022

    Giancarlo Cortes

    Christie's International Real Estate Group-Mahwah/Saddle River Regional Office

    Section Image
  • Josue Reyes

    Buyer's Agent in 2022

    Josue Reyes

    Prestige Property Group - Montclair

    (973) 626-0234

    2 in this area

    41 Total Sales

    Josue Reyes
    Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 22007332

New Jersey MLS

APN: 08-07210-0000-00009

New Jersey Passaic County Paterson 07503 South Paterson

185-187 Michigan Ave, Paterson, NJ

Not Listed for Sale

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.

© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.

Nearby Homes