2 Terry St Passaic, NJ 07055
Estimated payment $3,901/month
About This Home
A cash cow in Passaic Park, a safe community, it is only two blocks from the biggest & most beautiful park in town. If you work in NYC, you will appreciate its 8m walk to Passaic Train Station. This spacious newly renovated (in 2017) 2 family house with 4 BRs 2 Baths in each unit will relax you quickly! Brand new kitchen with ceramic tiles and hard surfice floors with backyard access will provide great functionality for weekend entertainment! This is the perfect place to live in and collect strong cash flow at the same time. Both units are month to month, a deep clean will make it perfect! The deed says 2 Terry st, but the actually # on the house is 4 Terry. Approved short sale at 550k
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,637
Lot Details
- 3,300 Sq Ft Lot
Parking
- 1 Car Garage
Home Design
Bedrooms and Bathrooms
- 8 Bedrooms
Community Details
- No Laundry Facilities
Listing and Financial Details
- Legal Lot and Block 00014 / 03270
Map
Home Values in the Area
Average Home Value in this Area
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 | $13,812 | $335,000 | $85,700 | $249,300 |
| 2024 | $13,413 | $335,000 | $85,700 | $249,300 |
| 2022 | $13,011 | $335,000 | $85,700 | $249,300 |
| 2021 | $11,727 | $311,900 | $85,700 | $226,200 |
| 2020 | $11,637 | $311,900 | $85,700 | $226,200 |
| 2019 | $11,469 | $311,900 | $85,700 | $226,200 |
| 2018 | $11,222 | $311,900 | $85,700 | $226,200 |
| 2017 | $9,802 | $281,100 | $85,700 | $195,400 |
| 2016 | $9,467 | $281,100 | $85,700 | $195,400 |
| 2015 | $9,406 | $124,200 | $58,600 | $65,600 |
| 2014 | $9,233 | $124,200 | $58,600 | $65,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Pending | -- | -- | -- |
| 02/25/2025 02/25/25 | For Sale | $550,000 | 0.0% | -- |
| 02/13/2025 02/13/25 | Pending | -- | -- | -- |
| 02/12/2025 02/12/25 | Off Market | $550,000 | -- | -- |
| 01/24/2025 01/24/25 | For Sale | $550,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Techno Title & Abstract | |
| Deed | -- | Techno Title & Abstract | |
| Bargain Sale Deed | $186,309 | Title On Demand Of Nj | |
| Sheriffs Deed | -- | Attorney | |
| Deed | $150,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $384,000 | No Value Available | |
| Previous Owner | $1,067,250 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $169,000 | Construction | |
| Previous Owner | $148,773 | FHA |
Source: New Jersey MLS
MLS Number: 25002733
APN: 07-03270-02-00014
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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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