NOT LISTED FOR SALE

869 Madison Ave Unit 871 Paterson, NJ 07501

Eastside Neighborhood

Estimated Value: $619,000 - $717,000

7 Beds
3 Baths
2,084 Sq Ft
$316/Sq Ft Est. Value

Last Sold April 02, 2024

Last sale price $600,000 $288 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,655/month

18 Days on Market

About This Home

As of April 2024

Large Home with tons of potential strategically located. Home can use some. Each floor is over 1300 SQF and provides plenty of space. Gas Heat and Separate Utilities. 1st Floor Consist of 4 Good Size Bedrooms, Living Room, Full Bath and EIK. 2nd Floor also comes with 4 Good Size Bedrooms, Living Room, Full Bath and EIK. Home has a Walk Up Finished Attic and Semi-Finished Basement. Home comes with 5 Detached Garages, Nice Size Back Yard Area. Home comes with a separate lot which provides a right of way: Block 9001 Lot 32. Being Sold "as is", seller will not perform any repairs.

Last Listed By

Ismael Medina

Buildings Realty, LLC Listed on: 01/12/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,388

Lot Details

  • 5,114 Sq Ft Lot
  • Lot Dimensions are 33x155

Parking

  • 5 Car Garage

Home Design

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 00033 / 09001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,388

Lot Details

0

Parking

5

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups
  • Co List Office Phone: (973) 246-7040
  • MLS Status: Sold - Sold
  • Directions: Market Street to Madison
  • Architectural Style: 2 Family
  • Year Built Details: 1940's,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 7

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 5.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected

Lot Info

  • Lot Dimensions: 33X155
  • Lot Size Sq Ft: 5114.0

Tax Info

  • Tax Annual Amount: 12388.0
  • Tax Block: 09001
  • Tax Lot: 00033

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2024
Closed on
Apr 2, 2024
Sold by
Lafaurie Adalberto Jose Rodriguez and Lafaurie Adalberto
Bought by
Encarnacion Maria and Encarnacion Luis Dorca
Seller's Agent
Ismael Medina
Buildings Realty, LLC
Buyer's Agent
Hipolito Touron
Christie's International Real Estate Group-Edgewater
List Price
$589,000
Sold Price
$600,000
Premium/Discount to List
$11,000
1.87%
Total Days on Market
18
Views
25
Current Estimated Value
$658,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,359
Avg. Annual Appreciation
8.41%
Original Mortgage
$589,132
Outstanding Balance
$583,031
Interest Rate
6.9%
Mortgage Type
FHA
Estimated Equity
$75,328

Purchase Details

Closed on
May 30, 2003
Sold by
Mena Pedro
Bought by
Mena Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.71%

Purchase Details

Closed on
Aug 2, 2001
Sold by
Rodriguez Hector
Bought by
Mena Pedro and Mena Ramona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,317
Interest Rate
7.05%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 8, 1990
Bought by
Lafaurie Adalberto and Lafaurie Ligia

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 Buyer Sale Price Title Company
Encarnacion Maria $600,000 Main Street Title
Mena Victor $250,000 --
Mena Pedro $173,000 --
Mena Pedro $173,000 --
Lafaurie Adalberto -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Encarnacion Maria $589,132
Previous Owner Mena Pedro A $40,000
Previous Owner Mena Victor $225,000
Previous Owner Mena Pedro $170,317
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2024 04/02/24 Sold $600,000 +1.9% $288 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
01/12/2024 01/12/24 For Sale $589,000 -- $283 / Sq Ft
Source: New Jersey 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 $11,640 $237,400 $31,700 $205,700
2022 $11,020 $237,400 $31,700 $205,700
2021 $10,626 $237,400 $31,700 $205,700
2020 $9,911 $237,400 $31,700 $205,700
2019 $9,603 $232,300 $31,400 $200,900
2018 $9,907 $229,000 $31,300 $197,700
2017 $9,460 $227,400 $31,300 $196,100
2016 $10,418 $240,100 $32,900 $207,200
2015 $9,863 $240,100 $32,900 $207,200
2014 $11,992 $413,500 $178,600 $234,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24001259

New Jersey MLS

APN: 08-09001-0000-00033