NOT LISTED FOR SALE

555 Madison Ave Elizabeth, NJ 07201

Downtown Elizabeth Neighborhood

Estimated Value: $725,000 - $932,000

-- Bed
6 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold October 19, 2022

Last sale price $650,000

Est. 30% increase in value since last sale

Current estimated payment $5,512/month

76 Days on Market

About This Home

As of October 2022

This home is located at 555 Madison Ave, Elizabeth, NJ 07201 since 16 June 2022 and is currently estimated at $841,968. 555 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.

Last Agent to Sell the Property

Pablo Boccardo

SIGNATURE REALTY NJ Brokerage Phone: 908-316-8530 Listed on: 06/16/2022

SIGNATURE REALTY NJ

Last Buyer's Agent

Pablo Boccardo

SIGNATURE REALTY NJ Brokerage Phone: 908-316-8530 Listed on: 06/16/2022

SIGNATURE REALTY NJ

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,280

Lot Details

  • 4,792 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,280

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 555
  • I D: 5159669
  • Modified: 2023-10-20
  • Number Images: 1
  • Attribution Contact: 908-316-8530
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 50X100
  • Total Acres: 0.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2022
Closed on
Oct 18, 2022
Sold by
Alzate Jose O
Bought by
Santana Ysabel and Perdomo Nicolas Cuevas
Seller's Agent
Pablo Boccardo
SIGNATURE REALTY NJ
Buyer's Agent
Pablo Boccardo
SIGNATURE REALTY NJ
List Price
$640,000
Sold Price
$650,000
Premium/Discount to List
$10,000
1.56%
Current Estimated Value
$845,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,708
Avg. Annual Appreciation
9.37%
Original Mortgage
$563,822
Outstanding Balance
$545,524
Interest Rate
6.7%
Mortgage Type
FHA
Estimated Equity
$296,444

Purchase Details

Closed on
May 18, 2000
Sold by
Sierra Funding Group Llc
Bought by
Alzate Jose O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,457
Interest Rate
8.1%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 3, 1999
Sold by
Capital Asset Group Inc
Bought by
Sierra Funding Group Inc

Purchase Details

Closed on
Feb 8, 1999
Sold by
Fleet Finance Inc
Bought by
Capital Asset Group Inc

Purchase Details

Closed on
Mar 17, 1998
Sold by
Pierrot Etienne R and Pierrot Belzina
Bought by
Fleet Finance Inc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Santana Ysabel $650,000 --
Santana Ysabel $650,000 None Listed On Document
Alzate Jose O $240,000 First Ameracan Title Ins Co
Sierra Funding Group Inc $75,000 --
Capital Asset Group Inc $49,000 --
Fleet Finance Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santana Ysabel $563,822
Closed Santana Ysabel $563,822
Previous Owner Alzate Jose O $416,000
Previous Owner Alzate Jose O $413,950
Previous Owner Alzate Jose O $238,457
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2022 10/19/22 Sold $650,000 +1.6% --
08/31/2022 08/31/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $640,000 -1.5% --
07/15/2022 07/15/22 Off Market $650,000 -- --
06/16/2022 06/16/22 For Sale $640,000 -- --
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 $11,280 $586,300 $205,000 $381,300
2024 $13,735 $586,300 $205,000 $381,300
2023 $13,735 $43,700 $11,000 $32,700
2022 $13,363 $43,700 $11,000 $32,700
2021 $13,087 $43,700 $11,000 $32,700
2020 $12,791 $43,700 $11,000 $32,700
2019 $12,596 $43,700 $11,000 $32,700
2018 $12,473 $43,700 $11,000 $32,700
2017 $12,125 $43,700 $11,000 $32,700
2016 $12,126 $43,700 $11,000 $32,700
2015 $11,405 $43,700 $11,000 $32,700
2014 -- $43,700 $11,000 $32,700
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Pablo Boccardo

    SIGNATURE REALTY NJ

    (908) 966-2751

    5 in this area

    82 Total Sales

    Pablo Boccardo
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3790226

Garden State MLS

APN: 04-00012-0000-00748

New Jersey Union County Elizabeth 07201 Downtown Elizabeth

555 Madison Ave, Elizabeth, NJ

This home is located at 555 Madison Ave, Elizabeth, NJ 07201 since 16 June 2022 and is currently estimated at $841,968. 555 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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