NOT LISTED FOR SALE

388 Michigan Ave Unit 390 Paterson, NJ 07503

South Paterson Neighborhood

Estimated Value: $509,000 - $588,000

-- Bed
-- Bath
1,632 Sq Ft
$341/Sq Ft Est. Value

About This Home

This home is located at 388 Michigan Ave Unit 390, Paterson, NJ 07503 and is currently estimated at $555,964, approximately $340 per square foot. 388 Michigan Ave Unit 390 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
Dec 30, 1999
Sold by
Downey William and Downey Raffaela
Bought by
Lockett Kenneth and Williams Jacqueline A
Current Estimated Value
$555,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,600
Interest Rate
7.79%
Mortgage Type
Purchase Money Mortgage
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

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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
Lockett Kenneth $147,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutierrez Jose A $357,000
Closed Gutierrez Jose A $70,000
Closed Gutierrez Jose A $50,000
Closed Lockett Kenneth $117,600
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 $11,494 $225,600 $95,500 $130,100
2024 $11,061 $225,600 $95,500 $130,100
2022 $10,472 $225,600 $95,500 $130,100
2021 $10,098 $225,600 $95,500 $130,100
2020 $9,419 $225,600 $95,500 $130,100
2019 $9,132 $220,900 $93,800 $127,100
2018 $9,435 $218,100 $93,000 $125,100
2017 $9,011 $216,600 $92,500 $124,100
2016 $9,485 $218,600 $87,500 $131,100
2015 $8,980 $218,600 $87,500 $131,100
2014 $10,600 $365,500 $193,000 $172,500
Source: Public Records

Map

New Jersey Passaic County Paterson 07503 South Paterson

388 Michigan Ave Unit 390, Paterson, NJ

This home is located at 388 Michigan Ave Unit 390, Paterson, NJ 07503 and is currently estimated at $555,964, approximately $340 per square foot. 388 Michigan Ave Unit 390 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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