NOT LISTED FOR SALE

Estimated Value: $413,000 - $632,000

-- Bed
-- Bath
2,226 Sq Ft
$242/Sq Ft Est. Value

Last Sold October 16, 2019

Last sale price $300,000 $135 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,825/month

1 Day on Market

About This Home

As of October 2019

This home is located at 85 Mercer St, Paterson, NJ 07524 since 24 July 2019 and is currently estimated at $539,148, approximately $242 per square foot. This property was built in 1900. 85 Mercer St 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

Alberto Mesones

NICHOLAS REAL ESTATE AGENCY Brokerage Phone: 973-340-1202 Listed on: 07/24/2019

Last Buyer's Agent

Alberto Mesones

NICHOLAS REAL ESTATE AGENCY Brokerage Phone: 973-340-1202 Listed on: 07/24/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,556

Year Built

  • 1900

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,556

Year Built

1900

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 85
  • I D: 4917729
  • Modified: 2020-10-17
  • Number Images: 1
  • Attribution Contact: 973-340-1202
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1900

Lot Info

  • Lot Size: 25X97
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2024
Sold by
Fox Karen Nadia
Bought by
85 Mercer Nj Llc
Total Days on Market
1
Current Estimated Value
$539,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Outstanding Balance
$465,963
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$73,185

Purchase Details

Listed on
Jul 24, 2019
Closed on
Sep 25, 2019
Sold by
Taylor Investment Group Llc
Bought by
Fox Karen Nadia
Seller's Agent
Alberto Mesones
NICHOLAS REAL ESTATE AGENCY
Buyer's Agent
Alberto Mesones
NICHOLAS REAL ESTATE AGENCY
List Price
$299,000
Sold Price
$300,000
Premium/Discount to List
$1,000
0.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.97%
Original Mortgage
$245,471
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 19, 2017
Sold by
Ahirhouse 1 Llc
Bought by
Atylor Investments Greoup Llc

Purchase Details

Listed on
Jan 22, 2016
Closed on
Jun 2, 2016
Sold by
Fazzinga Anthony
Bought by
Whairhouse 1 Llc
Seller's Agent
Rafael Flores
UNITED REAL ESTATE
Buyer's Agent
ROBERT SIVORI
KELLER WILLIAMS PROSPERITY REALTY
List Price
$79,900
Sold Price
$70,000
Premium/Discount to List
-$9,900
-12.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.43%
Original Mortgage
$50,000
Interest Rate
3.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2010
Sold by
Paradiso Steven
Bought by
Fazzinga Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,941
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 11, 2010
Sold by
Rinaldi Giancarlo
Bought by
Paradiso Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2009
Sold by
Cespedes Carmen
Bought by
Rinaldi Giancarlo

Purchase Details

Closed on
Feb 15, 2006
Sold by
Espinal Yanina
Bought by
Cespedes Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,100
Interest Rate
6.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 20, 2001
Sold by
Gonzalez Fausto
Bought by
Gonzalez Olmedo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,419
Interest Rate
6.61%
Mortgage Type
FHA

Purchase Details

Closed on
May 16, 1998
Sold by
Gonzalez Fausto and Santos Hipolito
Bought by
Gonzalez Fausto

Purchase Details

Closed on
Nov 22, 1994
Sold by
Rosario Jesus and Rosario Yolanda
Bought by
Gonzalez Fausto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,088,000
Interest Rate
9%
Source: Public Records

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Range of Values:

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Average Value
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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
85 Mercer Nj Llc $400,000 Universal Title
Fekete Chaya $625,000 Universal Title
85 Mercer Nj Llc $400,000 Universal Title
Fox Karen Nadia $250,000 Chicago Title Insurance Co
Atylor Investments Greoup Llc -- Os National Llc
Whairhouse 1 Llc $70,000 Chicago Title Insurance Comp
Fazzinga Anthony $239,000 --
Paradiso Steven $240,000 --
Rinaldi Giancarlo $120,000 --
Cespedes Carmen $339,000 --
Gonzalez Olmedo $167,000 --
Gonzalez Fausto -- --
Gonzalez Fausto $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fekete Chaya $468,750
Previous Owner Fox Karen Nadia $14,259
Previous Owner Fox Karen Nadia $25,065
Previous Owner Fox Karen Nadia $245,471
Previous Owner Whairhouse 1 Llc $50,000
Previous Owner Fazzinga Anthony $232,941
Previous Owner Paradiso Steven $180,000
Previous Owner Cespedes Carmen $10,567
Previous Owner Cespedes Carmen $305,100
Previous Owner Gonzalez Olmedo $164,419
Previous Owner Gonzalez Fausto $1,088,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2019 10/16/19 Sold $300,000 +0.3% $135 / Sq Ft
07/25/2019 07/25/19 Pending -- -- --
07/24/2019 07/24/19 For Sale $299,000 +327.1% $134 / Sq Ft
06/02/2016 06/02/16 Sold $70,000 -12.4% $31 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
01/22/2016 01/22/16 For Sale $79,900 -- $36 / 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
2024 $11,556 $235,700 $23,600 $212,100
2022 $10,941 $235,700 $23,600 $212,100
2021 $10,550 $235,700 $23,600 $212,100
2020 $9,840 $235,700 $23,600 $212,100
2019 $7,028 $170,000 $23,300 $146,700
2018 $7,250 $167,600 $23,200 $144,400
2017 $6,922 $166,400 $23,100 $143,300
2016 $7,528 $173,500 $22,100 $151,400
2015 $7,127 $173,500 $22,100 $151,400
2014 $9,393 $323,900 $124,000 $199,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3575634

Garden State MLS

APN: 08-03018-0000-00025