NOT LISTED FOR SALE

197 Summer St Passaic, NJ 07055

Estimated Value: $486,000 - $699,000

-- Bed
-- Bath
-- Sq Ft
37 Sq Ft Lot

Last Sold June 22, 2017

Last sale price $135,000

Est. 349% increase in value since last sale

Current estimated payment $4,137/month

3 Days on Market

About This Home

As of June 2017

This home is located at 197 Summer St, Passaic, NJ 07055 since 11 December 2015 and is currently estimated at $605,633. 197 Summer St is a home located in Passaic County with nearby schools including Passaic High School # 12, Passaic Arts and Science Charter School, and St Nicholas Ukrainian Catholic School.

Last Agent to Sell the Property

Nancy Pavic

CASA REAL PROPERTY GROUP LLC Brokerage Phone: 973-684-1110 Listed on: 12/11/2015

Last Buyer's Agent

Nancy Pavic

CASA REAL PROPERTY GROUP LLC Brokerage Phone: 973-684-1110 Listed on: 12/11/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,375

Lot Details

  • 37 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,375

Lot Details

0

Listing Details

  • County Name: Passaic
  • I D: 4587044
  • Attribution Contact: 973-684-1110
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 37.5X200
  • Total Acres: 0.17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2019
Sold by
The Chihadeh Llc
Bought by
Chihadeh Nabeel and Chihadeh Michele
Current Estimated Value
$605,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Outstanding Balance
$227,783
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$377,850

Purchase Details

Listed on
Dec 11, 2015
Closed on
Jun 22, 2017
Sold by
Acosta Vicente and De Acosta Rosa A
Bought by
The Chihadeh Llc
Seller's Agent
Nancy Pavic
CASA REAL PROPERTY GROUP LLC
Buyer's Agent
Nancy Pavic
CASA REAL PROPERTY GROUP LLC
List Price
$149,900
Sold Price
$135,000
Premium/Discount to List
-$14,900
-9.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.41%
Original Mortgage
$94,500
Interest Rate
4.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 12, 2003
Sold by
Velez Carlos
Bought by
Acosta Julio and Mezones Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,100
Interest Rate
5.98%

Purchase Details

Closed on
Apr 10, 2001
Sold by
Mcglashan Carol
Bought by
Velez Carlos
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Chihadeh Nabeel -- Jersey Coast Title Agency
The Chihadeh Llc $135,000 Chancellor Title Agency Inc
Acosta Julio $285,000 --
Velez Carlos $120,000 --
Velez Carlos $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chihadeh Nabeel $260,000
Previous Owner The Chihadeh Llc $94,500
Previous Owner Acosta Julio $280,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2017 06/22/17 Sold $135,000 -9.9% --
12/14/2015 12/14/15 Pending -- -- --
12/11/2015 12/11/15 For Sale $149,900 -- --
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 $11,375 $275,900 $83,200 $192,700
2024 $11,047 $275,900 $83,200 $192,700
2022 $10,716 $275,900 $83,200 $192,700
2021 $10,374 $275,900 $83,200 $192,700
2020 $10,294 $275,900 $83,200 $192,700
2019 $10,145 $275,900 $83,200 $192,700
2018 $9,927 $275,900 $83,200 $192,700
2017 $9,621 $275,900 $83,200 $192,700
2016 $9,292 $275,900 $83,200 $192,700
2015 $9,701 $128,100 $59,500 $68,600
2014 $9,523 $128,100 $59,500 $68,600
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2017

    Nancy Pavic

    CASA REAL PROPERTY GROUP LLC

    (973) 684-1110

    12 in this area

    217 Total Sales

    Nancy Pavic
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Map

Source: Garden State MLS

MLS Number: 3270913

Garden State MLS

APN: 07-02185-0000-00048

New Jersey Passaic County Passaic 07055

197 Summer St, Passaic, NJ

Not Listed for Sale

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