NOT LISTED FOR SALE

551 Madison Ave Paterson, NJ 07514

Eastside Neighborhood

Estimated Value: $586,000 - $851,000

-- Bed
-- Bath
2,078 Sq Ft
$326/Sq Ft Est. Value

Last Sold February 05, 2018

Last sale price $90,000 $43 Per Sq Ft

Est. 652% increase in value since last sale

Current estimated payment $5,028/month

54 Days on Market

About This Home

As of February 2018

This home is located at 551 Madison Ave, Paterson, NJ 07514 since 21 January 2015 and is currently estimated at $676,980, approximately $325 per square foot. 551 Madison Ave is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson School 6.

Last Agent to Sell the Property

LINTON GAINES

NICHOLAS REAL ESTATE AGENCY Brokerage Phone: 973-340-1202 Listed on: 01/21/2015

Last Buyer's Agent

LINTON GAINES

NICHOLAS REAL ESTATE AGENCY Brokerage Phone: 973-340-1202 Listed on: 01/21/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,048

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,048

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 551
  • I D: 4504164
  • Modified: 2019-02-06
  • Number Images: 1
  • Attribution Contact: 973-340-1202
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X138
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2019
Sold by
551 Madison Avenue Llc
Bought by
Dominguez Jean Morel
Current Estimated Value
$676,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,298
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 21, 2015
Closed on
Jan 31, 2018
Sold by
Williams Farington Mary and Williams Harry
Bought by
551 Madison Avenue Llc
Seller's Agent
LINTON GAINES
NICHOLAS REAL ESTATE AGENCY
Buyer's Agent
LINTON GAINES
NICHOLAS REAL ESTATE AGENCY
List Price
$99,000
Sold Price
$90,000
Premium/Discount to List
-$9,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.85%
Original Mortgage
$114,000
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
May 22, 1978
Bought by
Honis Mattie W
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Dominguez Jean Morel $370,000 Old Republic Natl Ttl Ins Co
551 Madison Avenue Llc $90,000 Advent Title Agency Llc
Honis Mattie W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dominguez Jean Morel $525,000
Closed Dominguez Jean Morel $360,000
Closed Dominguez Jean Morel $363,763
Closed Dominguez Jean Morel $363,298
Previous Owner 551 Madison Avenue Llc $114,000
Previous Owner Guillen Pablo $73,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2018 02/05/18 Sold $90,000 -9.1% $43 / Sq Ft
03/16/2015 03/16/15 Pending -- -- --
01/21/2015 01/21/15 For Sale $99,000 -- $48 / 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 $17,048 $334,600 $19,000 $315,600
2024 $16,405 $334,600 $19,000 $315,600
2022 $15,532 $334,600 $19,000 $315,600
2021 $14,977 $334,600 $19,000 $315,600
2020 $13,970 $334,600 $19,000 $315,600
2019 $7,363 $178,100 $18,800 $159,300
2018 $6,870 $158,800 $18,800 $140,000
2017 $6,556 $157,600 $18,700 $138,900
2016 $7,224 $166,500 $19,700 $146,800
2015 $6,840 $166,500 $19,700 $146,800
2014 $10,141 $349,700 $135,800 $213,900
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    LINTON GAINES

    NICHOLAS REAL ESTATE AGENCY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3193895

Garden State MLS

APN: 08-03403-0000-00032

New Jersey Passaic County Paterson 07514 Eastside

551 Madison Ave, Paterson, NJ

This home is located at 551 Madison Ave, Paterson, NJ 07514 since 21 January 2015 and is currently estimated at $676,980, approximately $325 per square foot. 551 Madison Ave is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson School 6.

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