Seller's Agent in 2023
Justin Fallas
EXP Realty, LLC
(862) 232-7738
1 in this area
24 Total Sales
295 Madison St Passaic, NJ 07055
Estimated Value: $469,000 - $748,000
6
Beds
4
Baths
--
Sq Ft
3,001
Sq Ft Lot
About This Home
As of August 2023Your search ends here! Constructed in 2002, this duplex multi-family home is the gem you don't want to miss. Property includes 6 comfortable bedrooms and 4 updated bathrooms, this property promises both luxury and versatility. The home boasts not one, but two garages - a rare find! One indoor garage assures your vehicles are safe and secure, while the external garage in the back adds convenience and storage options. Many upgrades such as a new water heater, a brand-new roof on the exterior garage, an updated roof on the property, and renovated first floor and ground level. New fixtures, countertops, backsplash, bathroom vanities, mirrors, faucets, sinks, and an updated gutter system are just some of the upgrades you'll find. This corner property is a cash cow and a perfect fit for investors, homeowners, or a combination of both. 4 discontinued Nest Cameras are included in the sale, set up and ready to monitor the property. Set your showing now before its too late!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,673
Lot Details
- 3,001 Sq Ft Lot
- Lot Dimensions are 30x100
Parking
- 2 Car Garage
Home Design
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Listing and Financial Details
- Legal Lot and Block 00043 / 02158
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 14, 2018
Closed on
Feb 8, 2019
Sold by
Kopic Marko
Bought by
Makki Mahdi S
Seller's Agent
Nancy Pavic
CASA REAL PROPERTY GROUP LLC
Buyer's Agent
PAUL FAJARDO
EXP REALTY, LLC
List Price
$399,900
Sold Price
$421,500
Premium/Discount to List
$21,600
5.4%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,240
Avg. Annual Appreciation
5.92%
Original Mortgage
$400,425
Outstanding Balance
$351,327
Interest Rate
4.4%
Mortgage Type
Stand Alone Second
Estimated Equity
$276,413
Purchase Details
Closed on
Dec 18, 2017
Sold by
Rodriguez Soledad and Pavlich Jose
Bought by
Kopic Marco
Purchase Details
Closed on
Jan 21, 2003
Sold by
Big Sky Assoc
Bought by
Veramatus Guillermo and Rodriguez Soledad
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,883
Interest Rate
5.99%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 12, 2002
Sold by
Gulla Fabio
Bought by
Crest Hill Realty
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.15%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Makki Mahdi S | $421,500 | None Available | |
| Kopic Marco | $1,531,403 | None Available | |
| Veramatus Guillermo | $255,000 | -- | |
| Crest Hill Realty | $20,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Makki Mahdi S | $400,425 | |
| Previous Owner | Veramatus Guillermo | $245,883 | |
| Previous Owner | Crest Hill Realty | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/08/2023 08/08/23 | Sold | $665,000 | +5.6% | -- | |
| 06/16/2023 06/16/23 | Pending | -- | -- | -- | |
| 06/07/2023 06/07/23 | For Sale | $629,999 | +49.5% | -- | |
| 02/14/2019 02/14/19 | Sold | $421,500 | +5.4% | -- | View Prior Sale |
| 01/07/2019 01/07/19 | Pending | -- | -- | -- | |
| 11/14/2018 11/14/18 | For Sale | $399,900 | -- | -- |
Source: New Jersey MLS
Tax History Compared to Growth
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 | $11,161 | $282,300 | $65,000 | $217,300 |
| 2024 | $11,003 | $270,700 | $65,000 | $205,700 |
| 2022 | $10,673 | $274,800 | $65,000 | $209,800 |
| 2021 | $10,332 | $274,800 | $65,000 | $209,800 |
| 2020 | $10,253 | $274,800 | $65,000 | $209,800 |
| 2019 | $10,104 | $274,800 | $65,000 | $209,800 |
| 2018 | $12,147 | $337,600 | $65,000 | $272,600 |
| 2017 | $11,772 | $337,600 | $65,000 | $272,600 |
| 2016 | $11,370 | $337,600 | $65,000 | $272,600 |
| 2015 | $13,503 | $178,300 | $55,000 | $123,300 |
| 2014 | $13,255 | $178,300 | $55,000 | $123,300 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Fallas
-
Tathiana Cespedes
Buyer's Agent in 2023
Tathiana Cespedes
Coldwell Banker, Ridgewood
(347) 547-4104
1 in this area
24 Total Sales
-
Nancy Pavic
N
Seller's Agent in 2019
Nancy Pavic
CASA REAL PROPERTY GROUP LLC
(973) 684-1110
12 in this area
216 Total Sales
-
P
Buyer's Agent in 2019
PAUL FAJARDO
EXP REALTY, LLC
Map
Source: New Jersey MLS
MLS Number: 23017420
APN: 07-02158-01-00043
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
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