NOT LISTED FOR SALE

54-56 Bloomfield Ave Paterson, NJ 07503

South Paterson Neighborhood

Estimated Value: $588,000 - $723,000

5 Beds
2 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold February 17, 2023

Last sale price $580,000

Est. 11% increase in value since last sale

Current estimated payment $4,361/month

31 Days on Market

About This Home

As of February 2023

TWO FOR ONE DEAL! Huge corner lot with TONS of potential. This DOUBLE lot is cash flowing and has endless opportunities. Minutes away from major highways, shopping centers, restaurants and steps away from NYC transport. Garages are also being rented for $200 EACH in addition to rent. THIS WILL NOT LAST! INVESTORS MUST SEE!

Last Agent to Sell the Property

Mary Griess

Weichert Realtors, Clifton Listed on: 10/17/2022

Weichert Realtors, Clifton

Last Buyer's Agent

Mary Griess

Weichert Realtors, Clifton Listed on: 10/17/2022

Weichert Realtors, Clifton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,840

Lot Details

  • Lot Dimensions are 50 x 100

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00001 / 06809

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,840

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 973-779-1900
  • MLS Status: Sold - Sold
  • Directions: Hazel or Main to Bloomfield Ave
  • Architectural Style: 2 Family
  • Year Built Details: 1940's,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 5

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Garage/Parking

  • Garage Spaces: 2.0

Utilities

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

Lot Info

  • Lot Dimensions: 50 X 100

Tax Info

  • Tax Annual Amount: 8840.0
  • Tax Block: 06809
  • Tax Lot: 00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2022
Closed on
Jan 9, 2023
Sold by
Mj General Contracting & Investment Llc
Bought by
Renaissance One Llc
Seller's Agent
Mary Griess
Weichert Realtors, Clifton
Buyer's Agent
Mary Griess
Weichert Realtors, Clifton
List Price
$575,000
Sold Price
$580,000
Premium/Discount to List
$5,000
0.87%
Views
17
Current Estimated Value
$643,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,566
Avg. Annual Appreciation
4.30%
Original Mortgage
$405,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2021
Sold by
Maser Properties Llc
Bought by
Nj General Contracting & Investment Llc

Purchase Details

Closed on
Jul 23, 2010
Sold by
Abutabikh Nael
Bought by
Naser Properties Llc

Purchase Details

Closed on
May 14, 2010
Sold by
Abutabikh Nael
Bought by
Naser Properties Llc

Purchase Details

Closed on
Feb 20, 2009
Sold by
Tcif Reo Gcm Llc
Bought by
Abutabikh Nael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
5.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2008
Sold by
Gmac Mortgage Llc
Bought by
Tcif Reo Gcm Llc

Purchase Details

Closed on
Dec 28, 2007
Sold by
Jerry Speziale Passaic Cnty Sheriff
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Jun 30, 2005
Sold by
Negron Luis
Bought by
Campos Morris J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
5.84%

Purchase Details

Closed on
Jul 6, 1999
Sold by
Negron Luis and Negron Lydia M
Bought by
Negron Luis and Negron Lydia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
7.86%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 22, 1995
Sold by
Harris Warren and Harris Helen
Bought by
Negron Luis and Negron Lydia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
7.16%
Source: Public Records

Range of Values:

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Average Value
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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
Renaissance One Llc $580,000 Stewart Title
Nj General Contracting & Investment Llc -- None Available
Naser Properties Llc -- --
Naser Properties Llc -- --
Abutabikh Nael $190,000 --
Tcif Reo Gcm Llc -- --
Gmac Mortgage Llc $341,600 --
Campos Morris J $370,000 --
Negron Luis -- Lawyers Title Insurance Corp
Negron Luis $129,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Renaissance One Llc $405,000
Previous Owner Naser Properties Llc $200,000
Previous Owner Abutabikh Nael $142,500
Previous Owner Campos Morris J $296,000
Previous Owner Negron Luis $152,000
Previous Owner Negron Luis $126,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2023 02/17/23 Sold $580,000 +0.9% --
11/17/2022 11/17/22 Pending -- -- --
10/17/2022 10/17/22 For Sale $575,000 -- --
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
2024 $9,683 $197,500 $63,800 $133,700
2023 $9,168 $197,500 $63,800 $133,700
2022 $9,168 $197,500 $63,800 $133,700
2021 $8,840 $197,500 $63,800 $133,700
2020 $8,246 $197,500 $63,800 $133,700
2019 $7,987 $193,200 $62,600 $130,600
2018 $8,228 $190,200 $62,100 $128,100
2017 $7,858 $188,900 $61,800 $127,100
2016 $8,648 $199,300 $65,000 $134,300
2015 $8,187 $199,300 $65,000 $134,300
2014 $8,079 $278,600 $124,500 $154,100
Source: Public Records

Agents Affiliated with this Home

  • Mary Griess

    Seller's Agent in 2023

    Mary Griess

    Weichert Corporate

    (973) 979-5152

    6 in this area

    28 Total Sales

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Map

Source: New Jersey MLS

MLS Number: 22037780

New Jersey MLS

APN: 08-06809-0000-00001

New Jersey Passaic County Paterson 07503 South Paterson

54-56 Bloomfield Ave, Paterson, NJ

This home is located at 54-56 Bloomfield Ave, Paterson, NJ 07503 since 17 October 2022 and is currently estimated at $639,833. 54-56 Bloomfield Ave is a home located in Passaic County with nearby schools including Dale Avenue Elementary School, Edward W. Kilpatrick School of Discovery, and Paterson Public School No. 3.

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.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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