NOT LISTED FOR SALE

55 Passaic Ave Summit, NJ 07901

Estimated Value: $997,000 - $1,188,000

3 Beds
2.5 Baths
2,226 Sq Ft
$489/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $580,000 $261 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $6,642/month

28 Days on Market

Highlights

  • Above Ground Pool
  • Colonial Architecture
  • L-Shaped Dining Room
  • L C Johnson Summit Middle School Rated A+
  • Family Room with Fireplace
  • Butlers Pantry

About This Home

As of August 2020

This is your chance to own property in the highly desirable city of Summit! Close to transportation and award-winning, top-rated schools, this home has everything to offer. Beautifully landscaped 3/4 BR, 2.5 bath home within walking distance to NYC train. Features a large, level, fenced in backyard with Cambridge Paver patio area;great for entertaining day or night. Includes a dining room, living room, den, kitchen, two fireplaces, master bedroom with 13ft of closet space, finished basement with walk-in closet storage, laundry room and a large two-car garage. The house has been recently painted and is in move-in condition.

Last Agent to Sell the Property

JACK QIZHAN YAO

REALMART REALTY Listed on: 06/11/2020

Last Buyer's Agent

NATALIE LEIGHTON

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,813

Year Built

  • Built in 1976

Lot Details

  • 0.37 Acre Lot
  • Privacy Fence

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Vinyl Siding
  • Tile

Interior Spaces

  • 2,226 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Formal Dining Room
  • Storage Room
  • Utility Room
  • Vinyl Flooring
  • Partially Finished Basement
  • Sump Pump
  • Attic Fan

Kitchen

  • Butlers Pantry
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Above Ground Pool
  • Spa

Outdoor Features

  • Patio

Schools

  • Washington Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-01403-0000-00001-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,813

Year Built

Built in 1976

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1976
  • Year Built Description: Standing
  • County Name: Union
  • Exclusions: SAUNA
  • Street Number Display: 55
  • Directions: From Downtown Summit: Springfield Avenue, make a right on Passaic Avenue
  • I D: 4989159
  • Modified: 2021-09-23
  • Number Images: 25
  • First Name: JACK QIZHAN
  • First Name3: NATALIE
  • Last Name: YAO
  • Last Name3: LEIGHTON
  • Office Phone: 732-727-2285
  • Office Phone3: 908-273-2991 x224
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Tile, Vinyl-Linoleum
  • Fireplace Description: Family Room, Living Room
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Self Cleaning Oven, Sump Pump, Washer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Hot Tub, Security System, Smoke Detector, Walk-In Closet
  • Number Rooms: 13
  • Bedrooms: 3
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Primary Bathroom Features: Tub Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Basement Level Rooms: Laundry Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Dining L
  • Family Room Level: First
  • Kitchen Area: Pantry
  • Kitchen Dim: 9x14
  • Kitchen Level: First
  • Living Room Dim: 11x21
  • Living Room Level: First
  • Other Room1 Dim: 11x13
  • Other Room1 Level: Basement
  • Other Room2 Dim: 13x13
  • Other Room2 Level: Basement
  • Other Room3 Dim: 9x7
  • Other Room3 Level: Basement
  • Level 1 Rooms: Bath(s) Other, Dining Room, Family Room, Kitchen, Living Room, Pantry
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other
  • Estimated Sq Ft: 2226
  • Phone: 888-362-6543

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Hot Tub, Patio, Privacy Fence
  • Pool: Yes
  • Pool Description: Above Ground
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 7
  • Parking Driveway Description: 1 Car Width, Blacktop, Off-Street Parking

Utilities

  • Cooling: 1 Unit, Attic Fan, Ceiling Fan, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: Washington
  • Middle School: Summit MS
  • High School: Summit HS
  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 105X155
  • Assessed Improvement Value: 67700
  • Assessed Land Value: 111300
  • Assessment: 179000
  • Lot Identifier: 1
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.37
  • Zoning: RES

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 7813
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-01403-0000-00001-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.365
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: Washington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Aug 13, 2020
Sold by
Dalton Timothy M and Valdes Cecilia
Bought by
Polyak Mikhail and Solomon Miriam
Seller's Agent
JACK QIZHAN YAO
REALMART REALTY
Buyer's Agent
NATALIE LEIGHTON
KELLER WILLIAMS REALTY
List Price
$625,000
Sold Price
$580,000
Premium/Discount to List
-$45,000
-7.2%
Current Estimated Value
$1,088,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$508,073
Avg. Annual Appreciation
13.02%
Original Mortgage
$464,000
Outstanding Balance
$411,601
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$676,472

Purchase Details

Closed on
May 25, 2019
Sold by
Valdes Cecilia
Bought by
Valdes Cecilia and Dalton Timothy M

Purchase Details

Listed on
May 29, 2014
Closed on
May 28, 2014
Sold by
Unigovski Gene Gennady and Unigovski Natalie Nell
Bought by
Valdes Cecilia
Seller's Agent
Vladimir Leykin
EXP REALTY, LLC
Buyer's Agent
MAUREEN KAELIN
PROMINENT PROPERTIES SIR
Sold Price
$399,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.24%
Original Mortgage
$150,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 24, 2008
Sold by
Unigovskiy Gennadiy and Unigovskiy Nataliya
Bought by
Unigovski Gene Gennady and Unigovski Natalie Nell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
6.43%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 27, 2002
Sold by
Burros Marian R
Bought by
Unigovskiy Gennadiy and Unigovskiy Nataliya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
6.85%
Mortgage Type
Credit Line Revolving
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
Polyak Mikhail $580,000 Acres Land Title Agency Inc
Valdes Cecilia -- Hunter Title Agency Inc
Valdes Cecilia $399,000 Surety Title Co Llc
Unigovski Gene Gennady -- None Available
Unigovskiy Gennadiy $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Polyak Mikhail $464,000
Previous Owner Valdes Cecilia $150,000
Previous Owner Unigovski Gene Gennady $307,000
Previous Owner Unigovskiy Gennadiy $33,000
Previous Owner Unigovskiy Gennadiy $264,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $580,000 -7.2% $261 / Sq Ft
07/09/2020 07/09/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $625,000 +56.6% $281 / Sq Ft
05/29/2014 05/29/14 Sold $399,000 -- $217 / Sq Ft
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
2025 $10,481 $240,600 $111,300 $129,300
2024 $10,411 $240,600 $111,300 $129,300
2023 $10,411 $240,600 $111,300 $129,300
2022 $10,305 $240,600 $111,300 $129,300
2021 $10,387 $240,600 $111,300 $129,300
2020 $7,804 $179,000 $111,300 $67,700
2019 $7,813 $179,000 $111,300 $67,700
2018 $7,763 $179,000 $111,300 $67,700
2017 $7,813 $179,000 $111,300 $67,700
2016 $7,699 $179,000 $111,300 $67,700
2015 $9,952 $236,000 $111,300 $124,700
2014 $9,695 $236,000 $111,300 $124,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3639546

Garden State MLS

APN: 18-01403-0000-00001