NOT LISTED FOR SALE

388 Monroe St Passaic, NJ 07055

Estimated Value: $392,000 - $511,397

Studio
-- Bath
-- Sq Ft
32 Sq Ft Lot

Last Sold October 25, 2022

Last sale price $331,250

Est. 35% increase in value since last sale

Current estimated payment $3,134/month

115 Days on Market

About This Home

As of October 2022

This home is located at 388 Monroe St, Passaic, NJ 07055 since 14 June 2021 and is currently estimated at $448,599. This property was built in 1940. 388 Monroe St is a home located in Passaic County with nearby schools including Passaic High School # 12, Passaic Arts and Science Charter School, and Noble Leadership Academy.

Last Agent to Sell the Property

Emilio Baldino

C-21 GEMINI, LLC. Brokerage Phone: 973-696-1111 Listed on: 06/14/2021

Last Buyer's Agent

FELIPE CEBALLOS

CEBALLOS REALTY, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 32 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Year Built: 1940
  • County Name: Passaic
  • I D: 5080236
  • Attribution Contact: 973-696-1111
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 32.04X100
  • Total Acres: 0.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2021
Closed on
Oct 27, 2022
Sold by
Summit Properties Group 1 Llc
Bought by
390 Monroe St Inc
Seller's Agent
Emilio Baldino
C-21 GEMINI, LLC.
Buyer's Agent
FELIPE CEBALLOS
CEBALLOS REALTY, LLC
List Price
$325,388
Sold Price
$331,250
Premium/Discount to List
$5,862
1.8%
Current Estimated Value
$448,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,349
Avg. Annual Appreciation
9.94%
Original Mortgage
$765,000
Interest Rate
6.7%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 14, 2021
Closed on
Oct 24, 2022
Sold by
Summit Properties Group 1 Llc
Bought by
390 Monroe St Inc
Seller's Agent
Emilio Baldino
C-21 GEMINI, LLC.
Buyer's Agent
FELIPE CEBALLOS
CEBALLOS REALTY, LLC
List Price
$325,388
Sold Price
$331,250
Premium/Discount to List
$5,862
1.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
6.7%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 22, 2008
Sold by
Bank Of New York Trustee
Bought by
Summit Properties Llc

Purchase Details

Closed on
Oct 31, 2005
Sold by
Dubose Anne
Bought by
Huguens Saint Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.07%

Purchase Details

Closed on
Jun 3, 2004
Sold by
Essex Investments
Bought by
Dubose Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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
390 Monroe St Inc $331,250 --
390 Monroe St Inc $331,250 None Listed On Document
Summit Properties Llc $105,000 --
Huguens Saint Louis $350,000 --
Dubose Anne $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 390 Monroe St Inc $765,000
Previous Owner Huguens Saint Louis $280,000
Previous Owner Dubose Anne $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2022 10/25/22 Sold $331,250 +1.8% --
10/18/2021 10/18/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $325,388 -- --
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 $9,454 $229,300 $66,000 $163,300
2024 $9,181 $229,300 $66,000 $163,300
Source: Public Records

Agents Affiliated with this Home

  • Emilio Baldino

    Seller's Agent in 2022

    Emilio Baldino

    C-21 GEMINI, LLC.

    (973) 890-0500

    7 in this area

    69 Total Sales

    Emilio Baldino
    Section Image

  • F

    Buyer's Agent in 2022

    FELIPE CEBALLOS

    CEBALLOS REALTY, LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3720026

Garden State MLS

APN: 07-02172-01-00014

New Jersey Passaic County Passaic 07055

388 Monroe St, Passaic, NJ

Not Listed for Sale

MultiFamily

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