NOT LISTED FOR SALE

5 Sherman St Passaic, NJ 07055

Estimated Value: $481,000 - $611,000

6 Beds
3 Baths
-- Sq Ft
2,187 Sq Ft Lot

Last Sold August 12, 2022

Last sale price $390,000

Est. 36% increase in value since last sale

Current estimated payment $3,545/month

30 Days on Market

About This Home

As of August 2022

Large two family in a great location! Each unit has a spacious eat-in kitchen, living room, 3 bedrooms and full bath. Upstairs unit has finished attic space with additional full bathroom. Full, partially finished basement with laundry hook ups and separate utilities. Close to transit and convenient commute to NYC.

Last Agent to Sell the Property

Riccardo Terranova

Coldwell Banker, Allendale/Saddle River Valley Listed on: 03/08/2022

Coldwell Banker, Allendale/Saddle River Valley

Last Buyer's Agent

Josue Reyes

Prestige Property Group - Montclair

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,234

Lot Details

  • 2,187

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Laundry in Basement
  • 2,187 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00003 / 04069

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,234

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: 201-327-5050
  • MLS Status: Sold - Sold
  • Directions: Parker to Sherman
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 6

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 2187.0

Tax Info

  • Tax Annual Amount: 8234.0
  • Tax Block: 04069
  • Tax Lot: 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2022
Sold by
Aga Properties Llc
Bought by
5 Sherman St Llc
Current Estimated Value
$529,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
5.51%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 26, 2017
Closed on
Nov 8, 2017
Sold by
Peeples Dorothy
Bought by
Gittings Lakwanja
Seller's Agent
SERGIO LIMONTA
UNITED REAL ESTATE
List Price
$335,000
Sold Price
$290,000
Premium/Discount to List
-$45,000
-13.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%
Original Mortgage
$48,000
Interest Rate
3.91%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
5 Sherman St Llc $380,000 --
5 Sherman St Llc $380,000 Catic Title
Gittings Lakwanja $290,000 Grand Capital Title Agency I
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 5 Sherman St Llc $304,000
Previous Owner Gittings Lakwanja $48,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/12/2022 08/12/22 Sold $390,000 -16.1% --
04/30/2022 04/30/22 For Sale $465,000 0.0% --
04/07/2022 04/07/22 Pending -- -- --
03/14/2022 03/14/22 Price Changed $465,000 -19.1% --
03/08/2022 03/08/22 For Sale $575,000 +98.3% --
11/17/2017 11/17/17 Sold $290,000 -13.4% -- View Prior Sale
09/29/2017 09/29/17 Pending -- -- --
08/26/2017 08/26/17 For Sale $335,000 -- --
Source: New Jersey 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 $9,099 $220,700 $60,900 $159,800
2024 $8,837 $220,700 $60,900 $159,800
2022 $8,572 $220,700 $60,900 $159,800
2021 $8,298 $220,700 $60,900 $159,800
2020 $8,234 $220,700 $60,900 $159,800
2019 $8,115 $220,700 $60,900 $159,800
2018 $7,941 $220,700 $60,900 $159,800
2017 $7,696 $220,700 $60,900 $159,800
2016 $7,433 $220,700 $60,900 $159,800
2015 $9,080 $119,900 $48,200 $71,700
2014 $8,913 $119,900 $48,200 $71,700
Source: Public Records

Agents Affiliated with this Home

  • Riccardo Terranova

    Seller's Agent in 2022

    Riccardo Terranova

    Coldwell Banker, Allendale/Saddle River Valley

    (973) 332-7997

    3 in this area

    53 Total Sales

    Riccardo Terranova
    Section Image
  • Josue Reyes

    Buyer's Agent in 2022

    Josue Reyes

    Prestige Property Group - Montclair

    (973) 626-0234

    7 in this area

    42 Total Sales

    Josue Reyes
    Section Image

  • S

    Seller's Agent in 2017

    SERGIO LIMONTA

    UNITED REAL ESTATE

See All Agents

Map

Source: New Jersey MLS

MLS Number: 22007526

New Jersey MLS

APN: 07-04069-0000-00003

New Jersey Passaic County Passaic 07055

5 Sherman St, Passaic, NJ

Not Listed for Sale

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