NOT LISTED FOR SALE

261 Illinois Ave Unit 263 Paterson, NJ 07503

South Paterson Neighborhood

Estimated Value: $634,000 - $712,000

-- Bed
-- Bath
2,438 Sq Ft
$270/Sq Ft Est. Value

About This Home

This home is located at 261 Illinois Ave Unit 263, Paterson, NJ 07503 and is currently estimated at $659,091, approximately $270 per square foot. 261 Illinois Ave Unit 263 is a home located in Passaic County with nearby schools including Dale Avenue Elementary School, Edward W. Kilpatrick School of Discovery, and Paterson School 6.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2020
Sold by
Tucci Dominico and Estate Of Guido Tucci
Bought by
Montero Froylan Alarcon and Castillo Elizabeth A
Current Estimated Value
$659,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,577
Outstanding Balance
$406,289
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$252,802
Source: Public Records

Range of Values:

Collateral Analytics

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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
Montero Froylan Alarcon $465,000 Prestige Title Agency Nos
Alarcon Montero Froylan $465,000 Prestige Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alarcon Montero Froylan $456,577
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 $13,996 $274,700 $96,800 $177,900
2024 $13,469 $274,700 $96,800 $177,900
2022 $12,752 $274,700 $96,800 $177,900
2021 $12,296 $274,700 $96,800 $177,900
2020 $11,469 $274,700 $96,800 $177,900
2019 $11,116 $268,900 $95,100 $173,800
2018 $11,477 $265,300 $94,300 $171,000
2017 $10,962 $263,500 $93,800 $169,700
2016 $11,633 $268,100 $88,800 $179,300
2015 $11,014 $268,100 $88,800 $179,300
2014 $11,397 $393,000 $193,000 $200,000
Source: Public Records

Map

New Jersey Passaic County Paterson 07503 South Paterson

261 Illinois Ave Unit 263, Paterson, NJ

This home is located at 261 Illinois Ave Unit 263, Paterson, NJ 07503 and is currently estimated at $659,091, approximately $270 per square foot. 261 Illinois Ave Unit 263 is a home located in Passaic County with nearby schools including Dale Avenue Elementary School, Edward W. Kilpatrick School of Discovery, and Paterson School 6.

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