NOT LISTED FOR SALE

702 Madison Ave Unit 2 Elizabeth, NJ 07201

Downtown Elizabeth Neighborhood

Estimated Value: $717,000 - $736,000

-- Bed
6 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold June 06, 2024

Last sale price $810,000

Est. 10% decrease in value since last sale

Current estimated payment $4,755/month

9 Days on Market

About This Home

As of June 2024

This home is located at 702 Madison Ave Unit 2, Elizabeth, NJ 07201 since 02 March 2024 and is currently estimated at $726,382. 702 Madison Ave Unit 2 is a home located in Union County with nearby schools including Toussaint L'ouverture-Marquis de Lafayette School No. 6, Elizabeth High School, and Bruriah High School For Girls.

Last Agent to Sell the Property

Christian Cobo

BHGRE ELITE Brokerage Phone: 908-316-8530 Listed on: 03/02/2024

BHGRE ELITE

Last Buyer's Agent

Romina Scandroglio

KELLER WILLIAMS METROPOLITAN

KELLER WILLIAMS METROPOLITAN

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,028

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,028

Lot Details

0

Listing Details

  • County Name: Union
  • I D: 5273750
  • Attribution Contact: 908-316-8530
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 30X115
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2024
Closed on
Jun 4, 2024
Sold by
Otoya Angelica and Milan Yunior Armas
Bought by
Jaramillo Jorge L and Lopez Carina Patricia
Seller's Agent
Christian Cobo
BHGRE ELITE
Buyer's Agent
Romina Scandroglio
KELLER WILLIAMS METROPOLITAN
List Price
$739,000
Sold Price
$810,000
Premium/Discount to List
$71,000
9.61%
Views
21
Current Estimated Value
$726,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$83,618
Avg. Annual Appreciation
-7.14%
Original Mortgage
$400,000
Outstanding Balance
$395,040
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$331,342

Purchase Details

Closed on
Jun 24, 2014
Sold by
585 Realty Llc
Bought by
Milan Yunior Armas and Otoya Angelica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,715
Interest Rate
4.19%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 28, 2013
Sold by
Reizner Alexander
Bought by
585 Realty Llc

Purchase Details

Closed on
Aug 22, 2012
Sold by
Zapata Carlos
Bought by
Reizner Alexander

Purchase Details

Closed on
Mar 31, 2004
Sold by
Jaramillo Nolba
Bought by
Zapata Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
5.58%

Purchase Details

Closed on
Mar 17, 2000
Sold by
Dasilva Manuel and Dasilva Albina
Bought by
Jaramillo Nolba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,853
Interest Rate
8.31%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 30, 1998
Sold by
Oconnor Ann M
Bought by
Dasilva Manuel and Silva Albina
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Jaramillo Jorge L $785,000 Acres Land Title
Jaramillo Jorge L $785,000 Acres Land Title
Milan Yunior Armas $295,000 None Available
585 Realty Llc $10 --
Reizner Alexander $120,000 Alta Title Insurance Commi
Zapata Carlos $390,000 --
Jaramillo Nolba $215,000 First American
Dasilva Manuel $103,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaramillo Jorge L $400,000
Closed Jaramillo Jorge L $400,000
Previous Owner Milan Yunior Armas $288,715
Previous Owner Zapata Carlos $312,000
Previous Owner Jaramillo Nolba $197,853
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2024 06/06/24 Sold $810,000 +9.6% --
03/26/2024 03/26/24 Pending -- -- --
03/17/2024 03/17/24 For Sale $739,000 -- --
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 $11,028 $641,200 $167,000 $474,200
2024 $14,018 $573,200 $167,000 $406,200
2023 $13,638 $44,600 $7,800 $36,800
2022 $13,638 $44,600 $7,800 $36,800
2021 $13,357 $44,600 $7,800 $36,800
2020 $13,055 $44,600 $7,800 $36,800
2019 $12,856 $44,600 $7,800 $36,800
2018 $12,730 $44,600 $7,800 $36,800
2017 $12,375 $44,600 $7,800 $36,800
2016 $12,376 $44,600 $7,800 $36,800
2015 $11,640 $44,600 $7,800 $36,800
2014 -- $44,600 $7,800 $36,800
Source: Public Records

Agents Affiliated with this Home

  • Christian Cobo

    Seller's Agent in 2024

    Christian Cobo

    BHGRE ELITE

    (908) 884-5316

    12 in this area

    272 Total Sales

    Christian Cobo
    Section Image
  • Romina Scandroglio

    Buyer's Agent in 2024

    Romina Scandroglio

    KELLER WILLIAMS METROPOLITAN

    (908) 486-0005

    4 in this area

    243 Total Sales

    Romina Scandroglio
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3890121

Garden State MLS

APN: 04-00012-0000-00662

New Jersey Union County Elizabeth 07201 Downtown Elizabeth

702 Madison Ave Unit 2, Elizabeth, NJ

Not Listed for Sale

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