3 Spruce St Passaic, NJ 07055
Estimated payment $2,504/month
Highlights
- Colonial Architecture
- Eat-In Kitchen
- Private Driveway
About This Home
Investor Alert! Income-Producing Colonial with Long-Term Tenant in Place! This well-kept three-bedroom colonial is a turnkey investment opportunity, currently rented to a long-time tenant who treats the property like their own and generates a solid $27,000 in annual income. The lease runs through October 31, 2026, with an option to renew, offering stability and immediate returns. The driveway is accessed through Harrison St to the rear of the house. The driveway is accessed through Harrison St to rear of house. The home features a large fenced backyard, perfect for future enhancements, and an unfinished basement brimming with potential. Located near major employment centers and mass transportation, this property is ideally situated for continued rental success. Whether you're expanding your portfolio or seeking a low-maintenance asset, this is a smart, income-generating addition ready for its next owner.
Listing Agent
PATRICK FOX JR
AMERICAN REALTY SERVICES GROUP Brokerage Phone: 973-258-0888 Listed on: 07/27/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,963
Year Built
- Built in 1900
Home Design
- Colonial Architecture
- Vinyl Siding
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Parking
- 1 Parking Space
- Private Driveway
Schools
- Grant Elementary School
- Passaic Middle School
- Passaic High School
Additional Features
- Eat-In Kitchen
- 1,742 Sq Ft Lot
- Radiator
- Unfinished Basement
Listing and Financial Details
- Assessor Parcel Number 2507-02185-0001-00030-0000-
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 | $6,964 | $168,900 | $66,000 | $102,900 |
| 2024 | $6,763 | $168,900 | $66,000 | $102,900 |
| 2022 | $6,560 | $168,900 | $66,000 | $102,900 |
| 2021 | $6,351 | $168,900 | $66,000 | $102,900 |
| 2020 | $6,302 | $168,900 | $66,000 | $102,900 |
| 2019 | $6,210 | $168,900 | $66,000 | $102,900 |
| 2018 | $6,437 | $178,900 | $66,000 | $112,900 |
| 2017 | $6,594 | $189,100 | $66,000 | $123,100 |
| 2016 | $6,369 | $189,100 | $66,000 | $123,100 |
| 2015 | $5,960 | $78,700 | $48,600 | $30,100 |
| 2014 | $5,851 | $78,700 | $48,600 | $30,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/22/2025 10/22/25 | Price Changed | $364,900 | -3.9% | -- |
| 09/23/2025 09/23/25 | Price Changed | $379,900 | -3.8% | -- |
| 08/28/2025 08/28/25 | Price Changed | $394,900 | -2.5% | -- |
| 07/27/2025 07/27/25 | For Sale | $404,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,989,247 | None Available | |
| Special Warranty Deed | $170,000 | -- | |
| Sheriffs Deed | $235,699 | -- | |
| Deed | $226,600 | -- | |
| Deed | $90,100 | First American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $226,600 | New Conventional | |
| Previous Owner | $87,935 | FHA |
Source: Garden State MLS
MLS Number: 3977779
APN: 07-02185-01-00030
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