$70,000
SOLD JUN 2, 2016

85 Mercer St Paterson, NJ 07524

Riverside Neighborhood
-- Bed
-- Bath
2,226 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$31 Per Sq Ft

12% Below List Price

98 Days on Market

About This Home

As of October 2019

This home is located at 85 Mercer St, Paterson, NJ 07524 and is currently priced at $70,000, approximately $31 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

Rafael Flores

UNITED REAL ESTATE Brokerage Phone: 973-340-1202 Listed on: 01/22/2016

UNITED REAL ESTATE

Last Buyer's Agent

ROBERT SIVORI

KELLER WILLIAMS PROSPERITY REALTY

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: 4594382
  • Modified: 2017-06-03
  • Number Images: 0
  • 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
98
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

Range of Values:

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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 Type Sale Price Title Company
Deed $400,000 Universal Title
Deed $625,000 Universal Title
Deed $400,000 Universal Title
Deed $250,000 Chicago Title Insurance Co
Special Warranty Deed -- Os National Llc
Bargain Sale Deed $70,000 Chicago Title Insurance Comp
Bargain Sale Deed $239,000 --
Bargain Sale Deed $240,000 --
Bargain Sale Deed $120,000 --
Deed $339,000 --
Deed $167,000 --
Interfamily Deed Transfer -- --
Deed $110,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $468,750 New Conventional
Previous Owner $14,259 FHA
Previous Owner $25,065 FHA
Previous Owner $245,471 FHA
Previous Owner $50,000 Purchase Money Mortgage
Previous Owner $232,941 FHA
Previous Owner $180,000 Purchase Money Mortgage
Previous Owner $10,567 Unknown
Previous Owner $305,100 Adjustable Rate Mortgage/ARM
Previous Owner $164,419 FHA
Previous Owner $1,088,000 No Value Available
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

  • Alberto Mesones

    Seller's Agent in 2019

    Alberto Mesones

    NICHOLAS REAL ESTATE AGENCY

    (862) 239-2904

    34 Total Sales

    Alberto Mesones
    Section Image

  • R

    Seller's Agent in 2016

    Rafael Flores

    UNITED REAL ESTATE

    (888) 501-6953

    19 Total Sales

    Rafael Flores
    Section Image

  • R

    Buyer's Agent in 2016

    ROBERT SIVORI

    KELLER WILLIAMS PROSPERITY REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3277430

Garden State MLS

APN: 08-03018-0000-00025

New Jersey Passaic County Paterson 07501 Riverside

85 Mercer St, Paterson, NJ

This home is located at 85 Mercer St, Paterson, NJ 07524 and is currently priced at $70,000, approximately $31 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.

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