NOT LISTED FOR SALE

622 Madison Ave Elizabeth, NJ 07201

Downtown Elizabeth Neighborhood

Estimated Value: $804,000 - $1,024,000

-- Bed
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Last Sold September 22, 2021

Last sale price $710,000

Est. 28% increase in value since last sale

Current estimated payment $5,899/month

13 Days on Market

About This Home

As of September 2021

This home is located at 622 Madison Ave, Elizabeth, NJ 07201 since 11 May 2021 and is currently estimated at $907,738. 622 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

Pedro Oliveira

RE/MAX IN ACTION Brokerage Phone: 908-558-2727 Listed on: 05/11/2021

RE/MAX IN ACTION

Last Buyer's Agent

JAIRO ALTAGRACIA

RE/MAX IN ACTION

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,739

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,739

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 622
  • I D: 5070333
  • Modified: 2022-09-23
  • Number Images: 1
  • Attribution Contact: 908-558-2727
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X145
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Sep 22, 2021
Sold by
Eiras Serafim and Eiras Olinda
Bought by
Altagracia Darwin and Altagracia Reymi
Seller's Agent
Pedro Oliveira
RE/MAX IN ACTION
Buyer's Agent
JAIRO ALTAGRACIA
RE/MAX IN ACTION
List Price
$680,000
Sold Price
$710,000
Premium/Discount to List
$30,000
4.41%
Current Estimated Value
$907,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,738
Avg. Annual Appreciation
6.37%
Original Mortgage
$665,000
Outstanding Balance
$606,418
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$301,320

Purchase Details

Closed on
Aug 13, 2002
Sold by
Salomon Brothers Realty Corp
Bought by
Dasilva Serafim and Eiras Olinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,223
Interest Rate
6.39%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 28, 1998
Sold by
Morante Alberto and Morante Adela
Bought by
Hud
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
Altagracia Darwin $700,000 Advanced Title And Abstract
Dasilva Serafim $190,000 --
Hud -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Altagracia Darwin $665,000
Previous Owner Eiras Serafim $45,000
Previous Owner Eiras Serafim $20,000
Previous Owner Dasilva Serafim $274,223
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2021 09/22/21 Sold $710,000 -1.4% --
06/25/2021 06/25/21 Price Changed $720,000 +5.9% --
05/24/2021 05/24/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $680,000 -- --
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 $12,739 $662,100 $194,300 $467,800
2024 $14,678 $662,100 $194,300 $467,800
2023 $14,678 $46,700 $7,300 $39,400
2022 $14,280 $46,700 $7,300 $39,400
2021 $11,829 $39,500 $7,300 $32,200
2020 $11,562 $39,500 $7,300 $32,200
2019 $11,385 $39,500 $7,300 $32,200
2018 $11,274 $39,500 $7,300 $32,200
2017 $10,960 $39,500 $7,300 $32,200
2016 $10,961 $39,500 $7,300 $32,200
2015 $10,309 $39,500 $7,300 $32,200
2014 $10,000 $39,500 $7,300 $32,200
Source: Public Records

Agents Affiliated with this Home

  • Pedro Oliveira

    Seller's Agent in 2021

    Pedro Oliveira

    RE/MAX

    (908) 403-1424

    6 in this area

    145 Total Sales

    Pedro Oliveira
    Section Image

  • J

    Buyer's Agent in 2021

    JAIRO ALTAGRACIA

    RE/MAX

See All Agents

Map

Source: Garden State MLS

MLS Number: 3711273

Garden State MLS

APN: 04-00012-0000-00647

New Jersey Union County Elizabeth 07201 Downtown Elizabeth

622 Madison Ave, Elizabeth, NJ

This home is located at 622 Madison Ave, Elizabeth, NJ 07201 since 11 May 2021 and is currently estimated at $907,738. 622 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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