NOT LISTED FOR SALE

506 Madison Ave Elizabeth, NJ 07201

Downtown Elizabeth Neighborhood

Estimated Value: $795,000 - $933,000

3 Beds
2 Baths
2,856 Sq Ft
$306/Sq Ft Est. Value

About This Home

This home is located at 506 Madison Ave, Elizabeth, NJ 07201 and is currently estimated at $874,190, approximately $306 per square foot. 506 Madison Ave is a home located in Union County with nearby schools including Toussaint L'ouverture-Marquis de Lafayette School No. 6 and Elizabeth High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2024
Sold by
Collins Denayna
Bought by
Collins Denayna and Alston Denayna
Current Estimated Value
$874,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$659,340
Outstanding Balance
$652,499
Interest Rate
6.89%
Mortgage Type
FHA
Estimated Equity
$232,233

Purchase Details

Closed on
May 18, 2022
Sold by
Denayna Collins
Bought by
Collins Denayna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$569,800
Interest Rate
5.11%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 22, 2017
Sold by
American Landmark Development Llc
Bought by
Collins Denayna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,744
Interest Rate
3.91%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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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

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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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
Collins Denayna -- Guardian Title
Collins Denayna -- Guardian Title
Collins Denayna -- American Land Title
Collins Denayna -- American Land Title
Collins Denayna $511,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Denayna $659,340
Closed Collins Denayna $659,340
Previous Owner Collins Denayna $569,800
Previous Owner Collins Denayna $500,744
Previous Owner American Landmark Development Llc $11,781,000
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
2024 $17,695 $744,000 $171,000 $573,000
2023 $17,695 $56,300 $13,100 $43,200
2022 $4,006 $13,100 $0 $0
2021 $3,923 $13,100 $0 $0
2020 $2,868 $13,100 $0 $0
2019 $3,776 $56,300 $13,100 $43,200
2018 $3,739 $13,100 $13,100 $0
2017 $3,635 $13,100 $13,100 $0
2016 $3,635 $13,100 $13,100 $0
2015 $3,419 $13,100 $13,100 $0
2014 $3,316 $13,100 $13,100 $0
Source: Public Records

Map

New Jersey Union County Elizabeth 07201 Downtown Elizabeth

506 Madison Ave, Elizabeth, NJ

This home is located at 506 Madison Ave, Elizabeth, NJ 07201 and is currently estimated at $874,190, approximately $306 per square foot. 506 Madison Ave is a home located in Union County with nearby schools including Toussaint L'ouverture-Marquis de Lafayette School No. 6 and Elizabeth High School.

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