NOT LISTED FOR SALE

281 Summer St Passaic, NJ 07055

Estimated Value: $500,000 - $708,000

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold June 19, 2019

Last sale price $330,000

Est. 87% increase in value since last sale

Current estimated payment $4,015/month

33 Days on Market

About This Home

As of June 2019

This home is located at 281 Summer St, Passaic, NJ 07055 since 29 March 2019 and is currently estimated at $616,465. This property was built in 1920. 281 Summer St is a home located in Passaic County with nearby schools including Passaic High School # 12, Bright Start Academy, and Passaic Arts and Science Charter School.

Last Agent to Sell the Property

Patricia Elmahdy

NICHOLAS REAL ESTATE AGENCY Brokerage Phone: 973-340-1202 Listed on: 03/29/2019

Last Buyer's Agent

Doreen Darquea

COLDWELL BANKER REALTY SRV

COLDWELL BANKER REALTY SRV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,945

Year Built

  • Built in 1920

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,945

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Year Built: 1920
  • County Name: Passaic
  • Street Number Display: 281
  • I D: 4883024
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 973-340-1202
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2019
Closed on
Jun 14, 2019
Sold by
Aguilar Abel and Aguilar Elvia
Bought by
Cajo Flor A Borjas
Seller's Agent
Patricia Elmahdy
NICHOLAS REAL ESTATE AGENCY
Buyer's Agent
Doreen Darquea
COLDWELL BANKER REALTY SRV
List Price
$349,000
Sold Price
$330,000
Premium/Discount to List
-$19,000
-5.44%
Current Estimated Value
$616,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,465
Avg. Annual Appreciation
10.62%
Original Mortgage
$302,197
Outstanding Balance
$265,023
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$351,442

Purchase Details

Closed on
Jul 17, 1998
Sold by
Watson Walter W and Watson Viola
Bought by
Aguilar Abel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,450
Interest Rate
6.98%
Source: Public Records

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
Cajo Flor A Borjas $330,000 Safe Land Title Agency Llc
Aguilar Abel $111,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cajo Flor A Borjas $302,197
Previous Owner Aguilar Abel $105,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2019 06/19/19 Sold $330,000 -5.4% --
05/01/2019 05/01/19 Pending -- -- --
03/29/2019 03/29/19 For Sale $349,000 -- --
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 $7,945 $192,700 $62,500 $130,200
2024 $7,716 $192,700 $62,500 $130,200
2022 $7,484 $192,700 $62,500 $130,200
2021 $7,246 $192,700 $62,500 $130,200
2020 $7,190 $192,700 $62,500 $130,200
2019 $7,086 $192,700 $62,500 $130,200
2018 $6,933 $192,700 $62,500 $130,200
2017 $6,719 $192,700 $62,500 $130,200
2016 $6,490 $192,700 $62,500 $130,200
2015 $9,103 $120,200 $54,500 $65,700
2014 $8,936 $120,200 $54,500 $65,700
Source: Public Records

Agents Affiliated with this Home

  • Patricia Elmahdy

    Seller's Agent in 2019

    Patricia Elmahdy

    NICHOLAS REAL ESTATE AGENCY

    (201) 927-4203

    21 Total Sales

    Patricia Elmahdy
    Section Image
  • Doreen Darquea

    Buyer's Agent in 2019

    Doreen Darquea

    COLDWELL BANKER REALTY SRV

    (201) 686-7068

    39 Total Sales

    Doreen Darquea
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3543138

Garden State MLS

APN: 07-02191-02-00005

New Jersey Passaic County Passaic 07011

281 Summer St, Passaic, NJ

This home is located at 281 Summer St, Passaic, NJ 07055 since 29 March 2019 and is currently estimated at $616,465. This property was built in 1920. 281 Summer St is a home located in Passaic County with nearby schools including Passaic High School # 12, Bright Start Academy, and Passaic Arts and Science Charter School.

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