NOT LISTED FOR SALE

41 Pennington Ave Passaic, NJ 07055

Passaic Area

Estimated Value: $714,863 - $919,000

Studio
-- Baths
-- Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: March 16, 2021

Last sale price $489,000

Est. 59% increase in value since last sale

Current estimated payment $5,764 / mo

35 Days on Market

About This Home

As of March 2021

**Calling all Investors** Huge 3 family property 8 bedrooms split among 3 apartments with plenty of parking and backyard space. Basement with High ceilings partially finished. Live in one apartment rent the rest. located by major highways and transportation. House needs some TLC has great potential, could be delivered vacant.

Last Agent to Sell the Property

David Borrero

RE/MAX Homeland Realtors License #1430125 Listed on: 08/18/2020

RE/MAX Homeland Realtors

Co-Listed By

JOSE A FERNANDEZ

RE/MAX Homeland Realtors License #1430283

Last Buyer's Agent

NON MEMBER

VRI Homes

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,381

Year Built

  • Built in 1930

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 47.5 x 102

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • No Garage
  • Paved Parking
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Zoned Heating
  • Radiator
  • Heating System Uses Oil Below Ground
  • Separate Meters
  • Oil Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: All personal items
  • Tenant pays for electricity
  • Assessor Parcel Number 07-02141-0000-00009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,381

Year Built

Built in 1930

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Co List Office Mls Id: 3064
  • Co List Office Phone: 609-208-1800
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Wood, Ceramic Tile
  • Year Built: 1930
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 47.5 x 102
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Exterior Lighting: Yes
  • Garage None4: Yes
  • Water Heater Oil: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 2 Gas Stove2: Yes
  • Heating 3 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.11
  • Waterfront: No
  • Exclusions: All personal items
  • Exterior Features: Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Open, Paved, Off Street, On Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking Open: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Radiator, Oil Below Ground, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public

Lot Info

  • Lot Dimensions: 47.5 x 102
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 07-02141-0000-00009
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 15381.0
  • Tax Other Annual Assessment Amount: 418300.0

Multi Family

  • Number Of Units Total: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2020
Closed on
Mar 11, 2021
Sold by
Bought by
Seller's Agent
David Borrero
RE/MAX Homeland Realtors
Buyer's Agent
NON MEMBER
VRI Homes
List Price
$469,999
Sold Price
$489,000
Premium/Discount to List
$19,001
4.04%
Current Estimated Value
$779,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,466
Avg. Annual Appreciation
8.93%
Original Mortgage
$480,142
Outstanding Balance
$423,998
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$355,468

Purchase Details

Closed on
Aug 27, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Passaic, NJ

  • David Guzman Real Estate Agent - Keller Williams City Life Realty

    David Guzman

    Keller Williams City Life Realty

    (551) 302-3809

    38 Total Sales

    2 in Passaic

    $630,000 Price Range

    David Guzman
     Section Image
  • Mahmoud Ijbara Real Estate Agent - Gild Realty LLC

    Mahmoud Ijbara

    Gild Realty LLC

    (646) 600-8037

    418 Total Sales

    7 in Passaic

    $393K - $700K Price Range

    Mahmoud Ijbara
     Section Image
  • Fernando Leyva Real Estate Agent - Compass New Jersey, LLC-Ridgewood

    Fernando Leyva

    Compass New Jersey, LLC-Ridgewood

    (551) 303-7085

    92 Total Sales

    3 in Passaic

    $300K - $630K Price Range

    Fernando Leyva
     Section Image
  • Carlos Alex Jesus Real Estate Agent - CENTURY 21 VENTURE REAL ESTATE

    Carlos Alex Jesus

    CENTURY 21 VENTURE REAL ESTATE

    (862) 352-7762

    69 Total Sales

    1 in Passaic

    $255,000 Price

    Carlos Alex Jesus
     Section Image
  • Joseph Scotto Real Estate Agent - Century 21 Cedarcrest Realty, Inc.

    Joseph Scotto

    Century 21 Cedarcrest Realty, Inc.

    (973) 381-1387

    147 Total Sales

    4 in Passaic

    $200K - $565K Price Range

    Joseph Scotto
     Section Image
  • Mary Sheeran Real Estate Agent - Keller Williams Realty Metropolitan

    Mary Sheeran

    Keller Williams Realty Metropolitan

    (862) 244-1879

    435 Total Sales

    2 in Passaic

    $170,000 Price Range

    Mary Sheeran
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$489,000 Ats Title Agency Inc
$185,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $480,142
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/16/2021 03/16/21 Sold $489,000 +4.0% --
09/22/2020 09/22/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $469,999 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $17,811 $418,300 $69,300 $349,000
2025 $17,811 $418,300 $69,300 $349,000
2024 $16,749 $418,300 $69,300 $349,000
2022 $16,247 $418,300 $69,300 $349,000
2021 $15,728 $418,300 $69,300 $349,000
2020 $15,607 $418,300 $69,300 $349,000
2019 $15,381 $418,300 $69,300 $349,000
2018 $15,050 $418,300 $69,300 $349,000
2017 $14,586 $418,300 $69,300 $349,000
2016 $14,088 $418,300 $69,300 $349,000
2015 $12,291 $162,300 $49,900 $112,400
2014 $12,065 $162,300 $49,900 $112,400
Source: Public Records

Agents Affiliated with this Home

  • David Borrero Real Estate Agent - RE/MAX

    Seller's Agent in 2021

    David Borrero

    RE/MAX

    (917) 681-2603

    222 Total Sales

    David Borrero
    Section Image
  • JOSE A FERNANDEZ Real Estate Agent - RE/MAX

    Seller Co-Listing Agent in 2021

    JOSE A FERNANDEZ

    RE/MAX

    (347) 922-9988

    15 Total Sales

    JOSE A FERNANDEZ
    Section Image

  • NM

    Buyer's Agent in 2021

    NON MEMBER

    VRI Homes

  • NM

    Buyer's Agent in 2021

    NON MEMBER MORR

    NON MEMBER

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22028810

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-02141-0000-00009

New Jersey Passaic County Passaic 07055

41 Pennington Ave, Passaic, NJ

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.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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