NOT LISTED FOR SALE

357 Madison St Passaic, NJ 07055

Estimated Value: $512,000 - $621,000

Studio
-- Bath
-- Sq Ft
55 Sq Ft Lot

Last Sold July 23, 2018

Last sale price $255,000

Est. 124% increase in value since last sale

Current estimated payment $3,943/month

27 Days on Market

About This Home

As of July 2018

This home is located at 357 Madison St, Passaic, NJ 07055 since 28 February 2018 and is currently estimated at $570,667. 357 Madison St is a home located in Passaic County with nearby schools including Passaic High School # 12 and Passaic Arts and Science Charter School.

Last Agent to Sell the Property

ALVARO GOENAGA

PROMISE LAND REALTY Brokerage Phone: 973-253-7330 Listed on: 02/28/2018

Last Buyer's Agent

ALVARO GOENAGA

PROMISE LAND REALTY Brokerage Phone: 973-253-7330 Listed on: 02/28/2018

Property Details

Home Type

  • Multi-Family

Lot Details

  • 55 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • County Name: Passaic
  • I D: 4784163
  • Attribution Contact: 973-253-7330
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 55.75X84
  • Total Acres: 0.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2019
Sold by
357 Madison Llc
Bought by
Gomez Othoniel R
Current Estimated Value
$570,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,250
Outstanding Balance
$263,433
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$307,234

Purchase Details

Listed on
Feb 28, 2018
Closed on
Jul 14, 2018
Sold by
Soto Amela M and Lopez Jose F
Bought by
357 Madison Ave Llc
Seller's Agent
ALVARO GOENAGA
PROMISE LAND REALTY
Buyer's Agent
ALVARO GOENAGA
PROMISE LAND REALTY
List Price
$250,000
Sold Price
$255,000
Premium/Discount to List
$5,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.34%
Original Mortgage
$273,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 21, 2017
Sold by
Soto Jose
Bought by
Soto Amelia

Purchase Details

Closed on
Dec 23, 2005
Sold by
Soto Jose
Bought by
Soto Jose D and Soto Amelia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,237
Interest Rate
6.28%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 3, 2000
Sold by
Mestre Pablo and Mestre Carmen
Bought by
Soto Jose and Lopez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,692
Interest Rate
8.1%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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
Gomez Othoniel R -- Northern Horizon Abstract Ll
357 Madison Ave Llc $255,000 Advent Title Agency Llc
Soto Amelia -- None Available
Soto Jose D -- --
Soto Jose $160,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Othoniel R $300,250
Previous Owner 357 Madison Ave Llc $273,000
Previous Owner Soto Jose D $388,237
Previous Owner Soto Jose $158,692
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2018 07/23/18 Sold $255,000 +2.0% --
03/27/2018 03/27/18 Pending -- -- --
02/28/2018 02/28/18 For Sale $250,000 -- --
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 $11,854 $287,500 $65,300 $222,200
2024 $11,512 $287,500 $65,300 $222,200
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    ALVARO GOENAGA

    PROMISE LAND REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3452141

Garden State MLS

APN: 07-02162-0000-00019

New Jersey Passaic County Passaic 07055

357 Madison St, Passaic, NJ

Not Listed for Sale

MultiFamily

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