NOT LISTED FOR SALE

50 Sherman St Passaic, NJ 07055

Estimated Value: $640,000 - $775,000

-- Bed
-- Bath
-- Sq Ft
6,970 Sq Ft Lot

Last Sold January 24, 2020

Last sale price $490,000

Est. 47% increase in value since last sale

Current estimated payment $4,932/month

14 Days on Market

About This Home

As of January 2020

This home is located at 50 Sherman St, Passaic, NJ 07055 since 05 November 2019 and is currently estimated at $728,127. This property was built in 1900. 50 Sherman St is a home located in Passaic County with nearby schools including Passaic High School # 12, St Nicholas Ukrainian Catholic School, and Passaic Catholic Regional School.

Last Agent to Sell the Property

Fausto Codio

A 2ND CHANCE GROUP REALTY Brokerage Phone: 973-270-0303 Listed on: 11/05/2019

Last Buyer's Agent

STEVEN BELL

BOYNE REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,944

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,944

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Year Built: 1900
  • County Name: Passaic
  • Street Number Display: 50
  • I D: 4943516
  • Modified: 2021-01-25
  • Number Images: 0
  • Attribution Contact: 973-270-0303
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 50X138
  • Total Acres: 0.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2019
Closed on
Jan 24, 2020
Sold by
Steven Home Construction
Bought by
Lopez Rosa and Rodriguez Erasmo
Seller's Agent
Fausto Codio
A 2ND CHANCE GROUP REALTY
Buyer's Agent
STEVEN BELL
BOYNE REALTY
List Price
$4,750,000
Sold Price
$490,000
Premium/Discount to List
-$4,260,000
-89.68%
Current Estimated Value
$718,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,946
Avg. Annual Appreciation
7.15%
Original Mortgage
$481,124
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 4, 2019
Sold by
Lopez Albaneli
Bought by
Steven Home Construction Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 2005
Sold by
Lopez Albaneli
Bought by
Lopez Albaneli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.63%

Purchase Details

Closed on
Dec 4, 2002
Sold by
Cariello Livinio
Bought by
Lopez Albaneli and Santana Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,214
Interest Rate
6.17%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 7, 2001
Sold by
Alberto Santana
Bought by
Cariello Livinio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,600
Interest Rate
6.64%

Purchase Details

Closed on
Apr 29, 1994
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Santana Berto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
8.49%
Source: Public Records

Range of Values:

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
Lopez Rosa $490,000 Sunnyside Title Agency Llc
Steven Home Construction Llc $220,000 Advent Title Agency Llc
Lopez Albaneli -- --
Lopez Albaneli $245,000 --
Cariello Livinio $188,000 --
Santana Berto $141,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Rosa $486,685
Closed Lopez Rosa $486,685
Closed Lopez Rosa $481,124
Previous Owner Steven Home Construction Llc $200,000
Previous Owner Lopez Albaneli $25,000
Previous Owner Lopez Albaneli $373,600
Previous Owner Lopez Albaneli $360,000
Previous Owner Lopez Albaneli $241,214
Previous Owner Cariello Livinio $178,600
Previous Owner Santana Berto $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2020 01/24/20 Sold $490,000 -89.7% --
11/19/2019 11/19/19 Pending -- -- --
11/05/2019 11/05/19 For Sale $4,750,000 -- --
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
2024 $11,944 $298,300 $84,500 $213,800
2022 $8,804 $298,300 $84,500 $213,800
2021 $11,216 $298,300 $84,500 $213,800
2020 $11,130 $298,300 $84,500 $213,800
2019 $10,968 $298,300 $84,500 $213,800
2018 $10,733 $298,300 $84,500 $213,800
2017 $10,402 $298,300 $84,500 $213,800
2016 $10,047 $298,300 $84,500 $213,800
2015 $9,769 $129,000 $52,900 $76,100
2014 $10,705 $144,000 $52,900 $91,100
Source: Public Records

Agents Affiliated with this Home

  • Fausto Codio

    Seller's Agent in 2020

    Fausto Codio

    A 2ND CHANCE GROUP REALTY

    (973) 270-0307

    1 in this area

    26 Total Sales

    Section Image

  • S

    Buyer's Agent in 2020

    STEVEN BELL

    BOYNE REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3599400

Garden State MLS

APN: 07-04068-0000-00032

New Jersey Passaic County Passaic 07055

50 Sherman St, Passaic, NJ

This home is located at 50 Sherman St, Passaic, NJ 07055 since 05 November 2019 and is currently estimated at $728,127. This property was built in 1900. 50 Sherman St is a home located in Passaic County with nearby schools including Passaic High School # 12, St Nicholas Ukrainian Catholic School, and Passaic Catholic Regional School.

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