NOT LISTED FOR SALE

242 Michigan Ave Unit 246 Paterson, NJ 07503

South Paterson Neighborhood

Estimated Value: $448,600 - $545,000

3 Beds
2 Baths
1,152 Sq Ft
$448/Sq Ft Est. Value

Last Sold October 23, 2018

Last sale price $300,000 $260 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $3,559/month

31 Days on Market

Highlights

  • Cape Cod Architecture
  • Formal Dining Room
  • Eat-In Kitchen
  • Loft
  • 1 Car Detached Garage
  • Patio

About This Home

As of October 2018

Beautifully updated and maintained cape code in the Lakeview Section of Paterson. The first floor features an eat-in kitchen, living room, dining room/bedroom, 2nd bedroom, and full bath. Large master bedroom and loft area located on the 2nd floor. Kitchen and bathroom were recently updated, along with recently refinished hardwood floors. Furnace and hot water heaters were replaced in 2013. Full finished basement features a family room, laundry room, and full bath. Single car garage, 3 car driveway, large backyard great for entertaining. Street Address is 244 Michigan Ave. Seller is NJ Licensed Real Estate Agent.

Last Agent to Sell the Property

TARIK KHUDAIRI

REALTY ONE GROUP LEGEND Listed on: 08/21/2018

Last Buyer's Agent

Aracely Lagos Rosero

GOLD TEAM REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,897

Year Built

  • Built in 1950

Lot Details

  • 3,920 Sq Ft Lot
  • Privacy Fence

Parking

  • 1 Car Detached Garage

Home Design

  • Cape Cod Architecture
  • Aluminum Siding

Interior Spaces

  • Family Room
  • Living Room
  • Formal Dining Room
  • Loft
  • Laundry Room
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Schools

  • Number 25 Elementary And Middle School

Utilities

  • Window Unit Cooling System
  • Zoned Heating
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 2508-07106-0000-00002-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,897

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Style: Cape Cod
  • Primary Style: Cape Cod
  • Subproperty Type: Single Family
  • Year Built: 1950
  • Year Built Description: Approximate, Unknown
  • County Name: Passaic
  • Easements Description: Driveway
  • Street Number Display: 242-246
  • Directions: Crooks to Wabash to Michigan or Lakeview to Michigan
  • I D: 4831622
  • Modified: 2021-09-23
  • Number Images: 25
  • Section Subdiv Development: Lakeview
  • First Name: TARIK
  • First Name3: ARACELY
  • Last Name: KHUDAIRI
  • Last Name3: LAGOS ROSERO
  • Office Phone: 973-686-7777
  • Office Phone3: 862-333-4955
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Oven-Gas, Refrigerator
  • Number Rooms: 5
  • Bedrooms: 3
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished
  • Basement Level Rooms: Laundry Room, Bath(s) Other, Family Room
  • Kitchen Area: Eat-In Kitchen
  • Level 1 Rooms: 2 Bedrooms, Living Room, Dining Room, Bath Main, Kitchen
  • Level 2 Rooms: 1 Bedroom, Loft
  • Phone: 973-772-0660

Exterior Features

  • Exterior Description: Aluminum Siding
  • Exterior Features: Patio, Privacy Fence
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 3
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

  • Cooling: Window A/C(s)
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Baseboard - Hotwater, Multi-Zone
  • Sewer: Public Sewer
  • Utilities: Electric, Gas In Street, Gas-Natural
  • Water: Public Water

Schools

  • Elementary School: NUMBER 25
  • Middle School: NUMBER 25
  • Middle Jr High School: NUMBER 25

Lot Info

  • Lot Size: 40X100
  • Assessed Improvement Value: 91500
  • Assessed Land Value: 75500
  • Assessment: 167000
  • Easement: Yes
  • Lot Identifier: 2
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.09

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6897
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2508-07106-0000-00002-0000-
  • Tax Rate Amount: 4.160
  • Tax Rate Tax: *
  • Tax Rate Year: 2017
  • Tax Year Tax: *
  • Tax Year: 2017

MLS Schools

  • Grade School: NUMBER 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2018
Closed on
Oct 23, 2018
Sold by
Khudairi Tarik
Bought by
Cardenas Perez Martin and Cardenas Perez Carmen
Seller's Agent
TARIK KHUDAIRI
REALTY ONE GROUP LEGEND
Buyer's Agent
Aracely Lagos Rosero
GOLD TEAM REALTY
List Price
$300,000
Sold Price
$300,000
Current Estimated Value
$506,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,400
Avg. Annual Appreciation
7.98%
Original Mortgage
$285,000
Outstanding Balance
$252,063
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$254,337
Source: Public Records

Range of Values:

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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
Cardenas Perez Martin $300,000 Cb Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cardenas Perez Martin $285,000
Previous Owner Dr Produce Realty Limited Liability Comp $914,332
Previous Owner Khudairi Tarik $209,900
Previous Owner Dhudairi Tarik $91,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2018 10/23/18 Sold $300,000 0.0% $260 / Sq Ft
09/21/2018 09/21/18 Pending -- -- --
08/21/2018 08/21/18 For Sale $300,000 -- $260 / 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 $10,463 $213,400 $78,000 $135,400
2022 $9,906 $213,400 $78,000 $135,400
2021 $9,552 $213,400 $78,000 $135,400
2020 $8,909 $213,400 $78,000 $135,400
2019 $6,767 $163,700 $76,300 $87,400
2018 $7,224 $167,000 $75,500 $91,500
2017 $6,897 $165,800 $75,000 $90,800
2016 $7,203 $166,000 $70,000 $96,000
2015 $6,819 $166,000 $70,000 $96,000
2014 $6,505 $224,300 $163,000 $61,300
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    TARIK KHUDAIRI

    REALTY ONE GROUP LEGEND

  • A

    Buyer's Agent in 2018

    Aracely Lagos Rosero

    GOLD TEAM REALTY

    (973) 785-8420

    2 in this area

    34 Total Sales

    Section Image
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Map

Source: Garden State MLS

MLS Number: 3496165

Garden State MLS

APN: 08-07106-0000-00002

New Jersey Passaic County Paterson 07503 South Paterson

242 Michigan Ave Unit 246, Paterson, NJ

This home is located at 242 Michigan Ave Unit 246, Paterson, NJ 07503 since 21 August 2018 and is currently estimated at $516,650, approximately $448 per square foot. This property was built in 1950. 242 Michigan Ave Unit 246 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.

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