NOT LISTED FOR SALE

392-394 Michigan Ave Paterson, NJ 07503

South Paterson Neighborhood

Estimated Value: $591,000 - $646,000

-- Bed
-- Bath
1,648 Sq Ft
$373/Sq Ft Est. Value

Last Sold August 24, 2015

Last sale price $185,000 $112 Per Sq Ft

Est. 232% increase in value since last sale

Current estimated payment $4,344/month

About This Home

As of August 2015

This home is located at 392-394 Michigan Ave, Paterson, NJ 07503 since 24 August 2015 and is currently estimated at $614,795, approximately $373 per square foot. 392-394 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 School 6.

Last Agent to Sell the Property

WILLAMAE BROOKS

REALTY ONE GROUP PRODIGY Brokerage Phone: 973-684-1110 Listed on: 08/24/2015

Last Buyer's Agent

Nancy Pavic

CASA REAL PROPERTY GROUP LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,927

Lot Details

  • 7,405 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,927

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 392-394
  • I D: 4439895
  • Modified: 2016-08-25
  • Number Images: 0
  • Attribution Contact: 973-684-1110
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 50X150
  • Total Acres: 0.17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2016
Sold by
Vigh Raul
Bought by
Nkuranga Bruce and Nunez Aleida Iris
Current Estimated Value
$614,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,113
Outstanding Balance
$262,536
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$352,259

Purchase Details

Listed on
Aug 24, 2015
Closed on
Aug 21, 2015
Sold by
Clayton Kenneth and Clayton Lisa A
Bought by
Vigil Raul
Seller's Agent
WILLAMAE BROOKS
REALTY ONE GROUP PRODIGY
Buyer's Agent
Nancy Pavic
CASA REAL PROPERTY GROUP LLC
Sold Price
$185,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.73%

Purchase Details

Closed on
Oct 27, 2003
Sold by
Kendrick Lisa A
Bought by
Clayton Kenneth and Clayton Lisa A
Source: Public Records

Range of Values:

Collateral Analytics

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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
Nkuranga Bruce $325,000 Chancellor Title Agency Inc
Vigil Raul $185,000 Chancellor Title Agency Inc
Clayton Kenneth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nkuranga Bruce $319,113
Previous Owner Clayton Kenneth $252,675
Previous Owner Clayton Kenneth $45,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2015 08/24/15 Sold $185,000 -- $112 / 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
2025 $11,927 $234,100 $95,500 $138,600
2024 $11,478 $234,100 $95,500 $138,600
2022 $10,867 $234,100 $95,500 $138,600
2021 $10,478 $234,100 $95,500 $138,600
2020 $9,774 $234,100 $95,500 $138,600
2019 $9,475 $229,200 $93,800 $135,400
2018 $9,374 $216,700 $93,000 $123,700
2017 $8,952 $215,200 $92,500 $122,700
2016 $9,424 $217,200 $87,500 $129,700
2015 $8,923 $217,200 $87,500 $129,700
2014 $11,191 $385,900 $233,000 $152,900
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2015

    WILLAMAE BROOKS

    REALTY ONE GROUP PRODIGY

  • N

    Buyer's Agent in 2015

    Nancy Pavic

    CASA REAL PROPERTY GROUP LLC

    (973) 684-1110

    20 in this area

    220 Total Sales

    Nancy Pavic
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3133948

Garden State MLS

APN: 08-07605-0000-00011

New Jersey Passaic County Paterson 07503 South Paterson

392-394 Michigan Ave, Paterson, NJ

This home is located at 392-394 Michigan Ave, Paterson, NJ 07503 since 24 August 2015 and is currently estimated at $614,795, approximately $373 per square foot. 392-394 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 School 6.

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