Seller's Agent in 2024
Ismael Medina
Buildings Realty, LLC
(973) 246-7040
11 in this area
103 Total Sales
48 Park Ave Passaic, NJ 07055
Estimated Value: $699,000 - $882,653
9
Beds
3
Baths
--
Sq Ft
6,251
Sq Ft Lot Lot
About This Home
As of May 2024Ideally Located, In Great Conditions, Large 3 Family Home In Passaic Park w/Off Street Parking. 1st Level comes with 3 Large Bedrooms, Living Room w/ Pocket Doors, Dining Room, EIK and Modern Bathroom. 2nd Level comes with 4 Large Bedrooms, Living Room w/ Pocket Doors, EIK, Modern Bathroom, Front & Rear Entrance, Great Covered Porch. 3rd Level Comes with Modern Apartment, 2 Bedrooms, EIK, Large Living Room w/Skylight and Modern Large Bathroom, Front & Rear Entrance. Parking for 4-5 Cars / Off Street Parking. Tall Finished Basement. Separate Utilities. Recently Passed State Inspections. Home Is Fully Occupied with all Floors Becoming Month to Month Occupancy At End of This Month. Current Rents Are Below Market Value. Close to Shops. Parks, Houses Of Worship, Restaurants, Easy Access to Rt 21, RT 3, Rt 46, GS Parkway and 20-30 Minutes to Downtown Manhattan Bus Ride 1 Block Away-NJ Transit.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,185
Lot Details
- 6,251 Sq Ft Lot
- Lot Dimensions are 25x125
Home Design
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Community Details
- No Laundry Facilities
Listing and Financial Details
- Legal Lot and Block 00030 / 01263
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
Jan 16, 2024
Closed on
May 28, 2024
Sold by
Bought by
Seller's Agent
Ismael Medina
Buildings Realty, LLC
Buyer's Agent
Francis Joissim
Pearl Gate Realty
List Price
$719,900
Sold Price
$850,000
Premium/Discount to List
$130,100
18.07%
Views
6
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
-$58,087
Avg. Annual Appreciation
-3.36%
Original Mortgage
$400,000
Outstanding Balance
$394,973
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$396,940
Purchase Details
Closed on
Oct 9, 2018
Sold by
Bought by
Purchase Details
Closed on
Jan 19, 2018
Sold by
Bought by
Purchase Details
Closed on
Sep 9, 2011
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,428
Interest Rate
4.75%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 29, 2010
Sold by
Bought by
Purchase Details
Closed on
Dec 21, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.24%
Purchase Details
Closed on
Nov 17, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
7.9%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 23, 1998
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,375
Interest Rate
6.67%
Mortgage Type
FHA
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $850,000 | Old Republic National Title In | ||
| -- | None Available | ||
| $260,293 | Residential Commercial Title | ||
| $260,000 | -- | ||
| $300,000 | -- | ||
| $550,000 | -- | ||
| $170,000 | -- | ||
| -- | -- |
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 | $400,000 | ||
| Previous Owner | $290,428 | ||
| Previous Owner | $440,000 | ||
| Previous Owner | $161,500 | ||
| Previous Owner | $153,375 |
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 |
|---|---|---|---|---|
| 05/28/2024 05/28/24 | Sold | $850,000 | +18.1% | -- |
| 02/12/2024 02/12/24 | Pending | -- | -- | -- |
| 01/16/2024 01/16/24 | For Sale | $719,900 | -- | -- |
Source: New Jersey MLS
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 |
|---|---|---|---|---|
| 2025 | $17,696 | $429,200 | $91,300 | $337,900 |
| 2024 | $17,185 | $429,200 | $91,300 | $337,900 |
| 2022 | $16,670 | $429,200 | $91,300 | $337,900 |
| 2021 | $16,138 | $429,200 | $91,300 | $337,900 |
| 2020 | $16,013 | $429,200 | $91,300 | $337,900 |
| 2019 | $16,988 | $462,000 | $91,300 | $370,700 |
| 2018 | $16,623 | $462,000 | $91,300 | $370,700 |
| 2017 | $16,110 | $462,000 | $91,300 | $370,700 |
| 2016 | $15,560 | $462,000 | $91,300 | $370,700 |
| 2015 | $12,117 | $160,000 | $74,500 | $85,500 |
| 2014 | $13,285 | $178,700 | $74,500 | $104,200 |
Source: Public Records
Agents Affiliated with this Home
-
Ismael Medina
-
Francis Joissim
Buyer's Agent in 2024
Francis Joissim
Pearl Gate Realty
(973) 519-1200
11 in this area
48 Total Sales
Map
Source: New Jersey MLS
MLS Number: 24001579
APN: 07-01263-0000-00030
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.
© 2026 New Jersey Multiple Listing Service Inc. All rights reserved.
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