NOT LISTED FOR SALE

24 Summer St Passaic, NJ 07055

Estimated Value: $21,912,687

1 Bed
1 Bath
625 Sq Ft
$35,060/Sq Ft Est. Value

About This Home

This home is located at 24 Summer St, Passaic, NJ 07055 and is currently estimated at $21,912,687, approximately $35,060 per square foot. 24 Summer St is a home located in Passaic County with nearby schools including Passaic High School # 12, St Nicholas Ukrainian Catholic School, and Passaic Arts and Science Charter School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2019
Sold by
24 50 Summer Street Llc
Bought by
24 50 Summer St Passic Llc
Current Estimated Value
$21,912,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,401,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 2017
Sold by
Summer Realty Llc
Bought by
24050 Summer Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,600,000
Interest Rate
3.91%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
24 50 Summer St Passic Llc $13,100,000 Madison Title Agency
24050 Summer Street Llc $10,000,000 Madison Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 24-50 Summer St Passaic Llc $13,597,000
Closed 24 50 Summer St Passic Llc $9,401,000
Previous Owner 24050 Summer Street Llc $7,600,000
Previous Owner Summer Realty L L C $0
Source: Public Records

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 $267,995 $6,500,000 $377,300 $6,122,700
2024 $260,260 $6,500,000 $377,300 $6,122,700
2022 $252,460 $6,500,000 $377,300 $6,122,700
2021 $244,400 $6,500,000 $377,300 $6,122,700
2020 $242,515 $6,500,000 $377,300 $6,122,700
2019 $239,005 $6,500,000 $377,300 $6,122,700
2018 $233,870 $6,500,000 $377,300 $6,122,700
2017 $226,655 $6,500,000 $377,300 $6,122,700
2016 $218,920 $6,500,000 $377,300 $6,122,700
2015 $181,752 $2,400,000 $700,000 $1,700,000
2014 $178,416 $2,400,000 $700,000 $1,700,000
Source: Public Records

Map

New Jersey Passaic County Passaic 07055

24 Summer St, Passaic, NJ

This home is located at 24 Summer St, Passaic, NJ 07055 and is currently estimated at $21,912,687, approximately $35,060 per square foot. 24 Summer St is a home located in Passaic County with nearby schools including Passaic High School # 12, St Nicholas Ukrainian Catholic School, and Passaic Arts and Science Charter School.

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