NOT LISTED FOR SALE

224 Michigan Ave Unit 1 Paterson, NJ 07503

South Paterson Neighborhood

Estimated Value: $519,868 - $629,000

3 Beds
1 Bath
1,622 Sq Ft
$346/Sq Ft Est. Value

About This Home

This home is located at 224 Michigan Ave Unit 1, Paterson, NJ 07503 and is currently estimated at $560,717, approximately $345 per square foot. 224 Michigan Ave Unit 1 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2017
Sold by
Garcia Denis L
Bought by
Cay William
Current Estimated Value
$560,717

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
Outstanding Balance
$220,693
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$340,024

Purchase Details

Closed on
Apr 8, 2010
Sold by
Gomez Rosa
Bought by
Garcia Denis L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,109
Interest Rate
4.99%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 28, 2008
Sold by
Gomez Rosa
Bought by
Gomez Rosa

Purchase Details

Closed on
May 27, 2003
Sold by
Carnevale Christine
Bought by
Gomez Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
5.86%
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.

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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.

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First American

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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.

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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
Cay William $275,000 None Available
Garcia Denis L $270,000 --
Gomez Rosa -- --
Gomez Rosa -- --
Gomez Rosa $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cay William $270,019
Previous Owner Garcia Denis L $265,109
Previous Owner Gomez Rosa $243,000
Source: Public Records

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 $10,292 $202,000 $76,800 $125,200
2024 $9,904 $202,000 $76,800 $125,200
2022 $9,377 $202,000 $76,800 $125,200
2021 $9,042 $202,000 $76,800 $125,200
2020 $8,434 $202,000 $76,800 $125,200
2019 $8,161 $197,400 $75,100 $122,300
2018 $8,423 $194,700 $74,300 $120,400
2017 $8,037 $193,200 $73,800 $119,400
2016 $8,461 $195,000 $68,800 $126,200
2015 $8,011 $195,000 $68,800 $126,200
2014 $10,153 $350,100 $210,000 $140,100
Source: Public Records

Map

New Jersey Passaic County Paterson 07503 South Paterson

224 Michigan Ave Unit 1, Paterson, NJ

Not Listed for Sale

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