NOT LISTED FOR SALE

561 Madison Ave Paterson, NJ 07514

Eastside Neighborhood

Estimated Value: $571,009 - $763,000

-- Bed
-- Bath
3,081 Sq Ft
$204/Sq Ft Est. Value

Last Sold December 14, 2015

Last sale price $250,000 $81 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $4,352/month

About This Home

As of December 2015

This home is located at 561 Madison Ave, Paterson, NJ 07514 since 14 December 2015 and is currently estimated at $629,752, approximately $204 per square foot. 561 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

Nancy Pavic

CASA REAL PROPERTY GROUP LLC Brokerage Phone: 973-684-1110 Listed on: 12/14/2015

Last Buyer's Agent

CESAR GUZMAN

NICHOLAS REAL ESTATE AGENCY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,958

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,958

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 561
  • I D: 4550962
  • Modified: 2021-09-23
  • Number Images: 0
  • Attribution Contact: 973-684-1110
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X148
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2015
Closed on
Dec 8, 2015
Sold by
Guzman Aristides
Bought by
Ortiz Edwin
Seller's Agent
Nancy Pavic
CASA REAL PROPERTY GROUP LLC
Buyer's Agent
CESAR GUZMAN
NICHOLAS REAL ESTATE AGENCY
Sold Price
$250,000
Current Estimated Value
$629,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$379,752
Avg. Annual Appreciation
10.03%
Original Mortgage
$245,471
Outstanding Balance
$195,420
Interest Rate
3.99%
Mortgage Type
FHA
Estimated Equity
$440,775

Purchase Details

Listed on
Feb 6, 2013
Closed on
Jan 31, 2013
Sold by
Pastrana Angel M and Pastrana Jose
Bought by
Guzman Aristides
Seller's Agent
ANGELA CARDENAS
NICHOLAS REAL ESTATE AGENCY
Buyer's Agent
Nancy Pavic
CASA REAL PROPERTY GROUP LLC
Sold Price
$173,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.79%
Original Mortgage
$169,866
Interest Rate
3.38%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 17, 1993
Sold by
Stuart David
Bought by
Pagan Atnonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.73%
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
Ortiz Edwin $250,000 Old Republic Natl Title Ins
Guzman Aristides $173,000 None Available
Pagan Atnonia $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz Edwin A $55,687
Open Ortiz Edwin $245,471
Previous Owner Guzman Aristides $169,866
Previous Owner Pagan Atnonia $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2015 12/14/15 Sold $250,000 +44.5% $81 / Sq Ft
02/06/2013 02/06/13 Sold $173,000 -- $56 / 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 $11,958 $234,700 $19,800 $214,900
2024 $11,507 $234,700 $19,800 $214,900
2022 $10,895 $234,700 $19,800 $214,900
2021 $10,505 $234,700 $19,800 $214,900
2020 $9,799 $234,700 $19,800 $214,900
2019 $9,488 $229,500 $19,600 $209,900
2018 $8,821 $203,900 $19,500 $184,400
2017 $8,420 $202,400 $19,500 $182,900
2016 $9,277 $213,800 $20,500 $193,300
2015 $8,783 $213,800 $20,500 $193,300
2014 $10,150 $350,000 $137,100 $212,900
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2015

    Nancy Pavic

    CASA REAL PROPERTY GROUP LLC

    (973) 684-1110

    51 in this area

    221 Total Sales

    Nancy Pavic
    Section Image

  • C

    Buyer's Agent in 2015

    CESAR GUZMAN

    NICHOLAS REAL ESTATE AGENCY

  • A

    Seller's Agent in 2013

    ANGELA CARDENAS

    NICHOLAS REAL ESTATE AGENCY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3237354

Garden State MLS

APN: 08-03403-0000-00027

New Jersey Passaic County Paterson 07514 Eastside

561 Madison Ave, Paterson, NJ

This home is located at 561 Madison Ave, Paterson, NJ 07514 since 14 December 2015 and is currently estimated at $629,752, approximately $204 per square foot. 561 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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