NOT LISTED FOR SALE

224 Michigan Ave Paterson, NJ 07503

South Paterson Neighborhood

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

-- Bed
-- Bath
-- Sq Ft
38 Sq Ft Lot

Last Sold March 21, 2017

Last sale price $275,000

Est. 104% increase in value since last sale

Current estimated payment $3,810/month

454 Days on Market

About This Home

As of March 2017

This home is located at 224 Michigan Ave, Paterson, NJ 07503 since 30 October 2015 and is currently estimated at $560,717. 224 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

Neil Angelino

UNITED REAL ESTATE Brokerage Phone: 888-501-6953 Listed on: 10/30/2015

UNITED REAL ESTATE

Last Buyer's Agent

Frances Rosado

REAL

REAL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,292

Lot Details

  • 38 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,292

Lot Details

0

Listing Details

  • County Name: Passaic
  • I D: 4579044
  • Attribution Contact: 888-501-6953
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 37.5 x 100
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2015
Closed on
Mar 21, 2017
Sold by
Garcia Denis L
Bought by
Cay William
Seller's Agent
Neil Angelino
UNITED REAL ESTATE
Buyer's Agent
Frances Rosado
REAL
List Price
$234,900
Sold Price
$275,000
Premium/Discount to List
$40,100
17.07%
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.
Estimated Appreciation
$285,717
Avg. Annual Appreciation
8.53%
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

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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
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

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2017 03/21/17 Sold $275,000 +17.1% --
01/26/2017 01/26/17 Pending -- -- --
10/30/2015 10/30/15 For Sale $234,900 -- --
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 $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

Agents Affiliated with this Home

  • Neil Angelino

    Seller's Agent in 2017

    Neil Angelino

    UNITED REAL ESTATE

    (973) 454-4286

    8 Total Sales

    Neil Angelino
    Section Image
  • Frances Rosado

    Buyer's Agent in 2017

    Frances Rosado

    REAL

    (973) 955-0001

    145 Total Sales

    Frances Rosado
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3263653

Garden State MLS

APN: 08-07105-0000-00001-02

New Jersey Passaic County Paterson 07503 South Paterson

224 Michigan Ave, Paterson, NJ

Not Listed for Sale

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