NOT LISTED FOR SALE

196 N 7th St Paterson, NJ 07522

Prospect Park Neighborhood

Estimated Value: $565,113 - $725,000

-- Bed
-- Bath
2,134 Sq Ft
$290/Sq Ft Est. Value

Last Sold September 06, 2016

Last sale price $83,000 $39 Per Sq Ft

Est. 646% increase in value since last sale

Current estimated payment $4,209/month

19 Days on Market

About This Home

As of September 2016

This home is located at 196 N 7th St, Paterson, NJ 07522 since 11 February 2016 and is currently estimated at $619,278, approximately $290 per square foot. 196 N 7th St is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Dr. Frank Napier, Jr. School of Technology.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,110

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,110

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 196
  • I D: 4599200
  • Modified: 2021-09-23
  • Number Images: 0
  • Attribution Contact: 973-870-0057
  • 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

Closed on
May 14, 2021
Sold by
Morel Mateo Robinson
Bought by
Morel Miguel
Total Days on Market
19
Current Estimated Value
$619,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,849
Outstanding Balance
$407,998
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$149,988

Purchase Details

Closed on
Nov 10, 2017
Sold by
Paragon Asset Holdings P1 Llc
Bought by
Morel Mateo Robinson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,019
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 11, 2016
Closed on
Oct 24, 2016
Sold by
Pelham Proprties Management Llc
Bought by
Paragon Asset Holdings Pi Llc
List Price
$77,900
Sold Price
$83,000
Premium/Discount to List
$5,100
6.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.45%
Original Mortgage
$174,150
Interest Rate
3.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 11, 2016
Closed on
Aug 16, 2016
Sold by
Wells Fargo Bank Na
Bought by
Pelham Properties Management Llc
List Price
$77,900
Sold Price
$83,000
Premium/Discount to List
$5,100
6.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 11, 2016
Closed on
Aug 10, 2016
Sold by
Mckinney Doris and Mckinney Joseph
Bought by
Srmof Ii 2011 1 Trust
List Price
$77,900
Sold Price
$83,000
Premium/Discount to List
$5,100
6.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 7, 2007
Sold by
Mckinney Doris
Bought by
Mckinney Doris and Mckinney Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.78%
Mortgage Type
New Conventional

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
Morel Miguel $450,000 Chancellor Title Agency Inc
Morel Mateo Robinson $275,000 None Available
Paragon Asset Holdings Pi Llc $110,000 None Available
Pelham Properties Management Llc $83,000 None Available
Srmof Ii 2011 1 Trust -- None Available
Mckinney Doris -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morel Miguel $441,849
Previous Owner Morel Mateo Robinson $270,019
Previous Owner Paragon Asset Holdings Pi Llc $174,150
Previous Owner Pelham Properties Management Llc $83,000
Previous Owner Mckinney Doris $190,000
Previous Owner Mckinney Doris $18,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2016 09/06/16 Sold $83,000 +6.5% $39 / Sq Ft
03/01/2016 03/01/16 Pending -- -- --
02/11/2016 02/11/16 For Sale $77,900 -- $37 / 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 $9,110 $185,800 $31,900 $153,900
2022 $8,625 $185,800 $31,900 $153,900
2021 $8,316 $185,800 $31,900 $153,900
2020 $7,757 $185,800 $31,900 $153,900
2019 $7,511 $181,700 $31,400 $150,300
2018 $6,736 $155,700 $31,100 $124,600
2017 $6,427 $154,500 $30,900 $123,600
2016 $7,081 $163,200 $32,500 $130,700
2015 $6,704 $163,200 $32,500 $130,700
2014 $6,728 $232,000 $124,300 $107,700
Source: Public Records

Map

Source: Garden State MLS

MLS Number: 3281801

Garden State MLS

APN: 08-00503-0000-00050

New Jersey Passaic County Paterson 07522 Prospect Park

196 N 7th St, Paterson, NJ

Homes for Sale in Paterson, NJ

This home is located at 196 N 7th St, Paterson, NJ 07522 since 11 February 2016 and is currently estimated at $619,278, approximately $290 per square foot. 196 N 7th St is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Dr. Frank Napier, Jr. School of Technology.

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