5 months on rocket

84 Madison St Unit 3, Paterson City, NJ, 07501

$749,000

Home List Price

$8,894*

Closing Credit

16 Bedrooms
3 Full Baths
Multi

Location

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84 Madison St Unit 3, Paterson$749,000

Buyer Closing Credits

$8,894*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingBlacktop, Fencing, Parking Lot-Exclusive
Year Built1930
HeatingHot Water, Natural Gas
CoolingNone
BasementYes
MLS #3907107
Lot Size0.09 Acres
StatusActive

About 84 Madison St Unit 3

Huge three-family house, featuring 5 bedrooms on 1st and 2nd floors and 6 bedrooms on the 3rd floor, a living room, and a formal dining room. It is located by Downtown Paterson right off Route 19th, within walking distance to shopping centers. It has a driveway for approximately 5-6 cars, close to all major highways. In need of minor TLC. The basement has 2 storage rooms that can be also, rented for another $500 a month. This property is been sold "as is".Great investment. It is a money-making tool, producing over $7,0000 per month when fully rented(currently only the 2nd fl. is about to be vacant), and all apartments have separate utilities. Currently Passaic County Affordable Housing(Sec. 8) is paying up to $3200 for 5-bedroom apartments in the area, therefore your new rent roll will be $9600. The owner will cooperate with 3.5% seller concession if the offer is a full asking price.

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story
  • Year Built: 1930

Listing Office:

  • Office Name: ESTATES PRIME REALTY
  • Office Phone: (201) 292-3777

Interior Features

Interior Information:

  • Appliances: Instant Hot Water
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 16

Exterior Features

Exterior Information:

  • Exterior: Hot Tub, Metal Fence, Privacy Fence, Sidewalk

Parking Information:

  • Parking: Blacktop, Fencing, Parking Lot-Exclusive

Lot Features

Lot Information:

  • Lot: Flag Lot
  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: Google it

Price Information

Listing Price Info

Price Summary:

  • List Price: $749,000
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Housing Market Comparison

See how this home compares to others in Paterson, NJ.

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Paterson, NJ

City

Med. List Price

$450K

Med. Price/SqFt

$287

Avg. Days On Market

80

# of Sold Homes

12

84 Madison St Unit 3 vs Paterson

162 DAYS ON ROCKET

+82 Days

$749,000

+$299K More

KEY TAKEAWAY

This property is $299K more than the Median List Price in Paterson, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3907107

Listing Office:

  • Office Name: ESTATES PRIME REALTY
  • Office Phone: (201) 292-3777

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 12:20:46 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$3,806

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,312

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-286834
3
/10

  • School 15

  • 98 Oak St

  • 0.21 miles

  • Public District Grades PK-5

school-card-donut-286835
3
/10

  • Philip's Academy Charter School of Paterson

  • 47 State St

  • 0.30 miles

  • Public Charter Grades KG-4

school-card-donut-286836
3
/10

  • Roberto Clemente

  • 434 Rosa Parks Blvd

  • 0.35 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,533. The most common annual income of people living in Paterson, NJ is less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Passaic County›Paterson›07501›84 Madison St Unit 3

This home is located at 84 Madison St Unit 3 in Paterson City, NJ and zip code 07501 in the Sandy Hill neighborhood. This home, which was built in 1930, sits on a 0.09 acre lot. Features: 16 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 12, 2024 and is currently priced at $749,000.

The number of listings in Paterson, NJ increased by 25.1% between September 2024 and October 2024. Listings spent 80 days on the market in October 2024, and had a median list price of $450,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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