NOT LISTED FOR SALE

218-220 Madison Ave Paterson, NJ 07524

Riverside Neighborhood

Estimated Value: $514,770 - $608,000

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

Last Sold April 07, 2023

Last sale price $415,000

Est. 36% increase in value since last sale

Current estimated payment $3,824/month

113 Days on Market

About This Home

As of April 2023

This 2 family can be your new residence or your next investment, you decide! Nestled less than a mile from the Fairlawn border this property is located on the famous Madison Ave in the Riverdale section of Paterson. This home has plenty of potential & comes with 2 beds 1 bath along with a Livingroom/Diningroom combo and kicthen in each unit. This home requires someone willing to give it the love it deserves and the committment to restore this gem to the beauty that it used to be. This home screams character and just needs some TLC.

Last Agent to Sell the Property

Malik Crichlow

Good Buy Homes NJ Listed on: 12/15/2022

Last Buyer's Agent

Rosa Ayala

A.W. Van Winkle & Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,302

Lot Details

  • 5,001

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Laundry in Basement
  • 5,001 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00016 / 02401

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,302

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: (973) 843-9804
  • MLS Status: Sold - Sold
  • Directions: 5th or 6th ave to Madison Ave
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 5001.0

Tax Info

  • Tax Annual Amount: 8302.0
  • Tax Block: 02401
  • Tax Lot: 00016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2022
Closed on
Apr 6, 2023
Sold by
Durand Delia and Durand Joaquin
Bought by
Tresierra Marco A
Seller's Agent
Malik Crichlow
Good Buy Homes NJ
Buyer's Agent
Rosa Ayala
A.W. Van Winkle & Company
List Price
$389,000
Sold Price
$415,000
Premium/Discount to List
$26,000
6.68%
Views
138
Current Estimated Value
$562,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,693
Avg. Annual Appreciation
12.82%
Original Mortgage
$441,493
Outstanding Balance
$429,787
Interest Rate
6.65%
Mortgage Type
FHA
Estimated Equity
$123,252

Purchase Details

Closed on
Nov 22, 2005
Sold by
Carranza Raquel P
Bought by
Durand Delia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,500
Interest Rate
7.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Tresierra Marco A $420,000 Old Republic National Title
Tresierra Marco A $420,000 Old Republic National Title
Durand Delia $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tresierra Marco A $441,493
Closed Tresierra Marco A $441,493
Previous Owner Durand Delia $320,000
Previous Owner Durand Delia $313,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2023 04/11/23 Pending -- -- --
04/07/2023 04/07/23 Sold $415,000 +6.7% --
03/08/2023 03/08/23 For Sale $389,000 0.0% --
02/01/2023 02/01/23 Pending -- -- --
12/15/2022 12/15/22 For Sale $389,000 -- --
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
2024 $9,095 $185,500 $56,900 $128,600
2022 $8,611 $185,500 $56,900 $128,600
2021 $8,303 $185,500 $56,900 $128,600
2020 $7,745 $185,500 $56,900 $128,600
2019 $7,499 $181,400 $55,800 $125,600
2018 $7,744 $179,000 $55,400 $123,600
2017 $7,392 $177,700 $55,100 $122,600
2016 $7,966 $183,600 $54,000 $129,600
2015 $7,542 $183,600 $54,000 $129,600
2014 $8,158 $281,300 $125,300 $156,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Malik Crichlow

    Good Buy Homes NJ

    Section Image
  • Rosa Ayala

    Buyer's Agent in 2023

    Rosa Ayala

    A.W. Van Winkle & Company

    (973) 288-3290

    2 in this area

    41 Total Sales

    Rosa Ayala
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 22043533

New Jersey MLS

APN: 08-02401-0000-00016

New Jersey Passaic County Paterson 07514 Riverside

218-220 Madison Ave, Paterson, NJ

This home is located at 218-220 Madison Ave, Paterson, NJ 07524 since 15 December 2022 and is currently estimated at $562,693. 218-220 Madison Ave is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson School 6.

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.

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