NOT LISTED FOR SALE

591 Passaic Ave Nutley, NJ 07110

Estimated Value: $666,000 - $767,000

4 Beds
3 Baths
-- Sq Ft
6,499 Sq Ft Lot

Last Sold November 30, 2022

Last sale price $475,000

Est. 45% increase in value since last sale

Current estimated payment $4,789/month

129 Days on Market

About This Home

As of November 2022

Great price for Nutley address! Property is already generating income. Great opportunity to live in one unit while collecting rent from the other. Also good for investors. 1st floor unit offers eat - kitchen dining room living room 2 bedrooms. First floor has use of finished basement. 2nd Unit mirrors 1st floor unit except it has additional rooms in attic and full bath. Property being sold as is! No repairs will be made by seller.

Last Agent to Sell the Property

Sheryl Madonna

Weichert Realtors, Clifton Listed on: 05/17/2022

Weichert Realtors, Clifton

Last Buyer's Agent

Danielle Russodivito

New and Modern Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,549

Lot Details

  • 6,499 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 00024 / 01902

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,549

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: Hook Ups
  • Co List Office Phone: 973-779-1900
  • MLS Status: Sold - Sold
  • Directions: Rt 3 to Passaic Ave
  • Architectural Style: 2 Family
  • Year Built Details: 1990's,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 4

Exterior Features

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

Utilities

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

Lot Info

  • Lot Size Sq Ft: 6499.0

Tax Info

  • Tax Annual Amount: 13549.0
  • Tax Block: 01902
  • Tax Lot: 00024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Nov 4, 2022
Sold by
Longo Nicholas and Longo Lori Ann
Bought by
Hassan Michael
Seller's Agent
Sheryl Madonna
Weichert Realtors, Clifton
Buyer's Agent
Danielle Russodivito
New and Modern Group
List Price
$535,000
Sold Price
$475,000
Premium/Discount to List
-$60,000
-11.21%
Views
2
Current Estimated Value
$688,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,306
Avg. Annual Appreciation
16.31%
Original Mortgage
$356,250
Outstanding Balance
$335,521
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$379,834

Purchase Details

Closed on
May 1, 1997
Sold by
Rougharden Barbara
Bought by
Longo Nicholas and Longo Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.97%
Source: Public Records

Range of Values:

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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
Hassan Michael $475,000 Old Republic National Title
Longo Nicholas $160,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hassan Michael $356,250
Previous Owner Longo Nicholas $273,000
Previous Owner Longo Nicholas $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Sold $475,000 -11.2% --
09/23/2022 09/23/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $535,000 -- --
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 $12,470 $484,100 $219,300 $264,800
2024 $12,470 $484,100 $219,300 $264,800
2022 $14,220 $368,000 $185,300 $182,700
2021 $14,146 $368,000 $185,300 $182,700
2020 $13,550 $368,000 $185,300 $182,700
2019 $13,277 $368,000 $185,300 $182,700
2018 $12,920 $368,000 $185,300 $182,700
2017 $12,781 $368,000 $185,300 $182,700
2016 $12,402 $368,000 $185,300 $182,700
2015 $12,833 $387,000 $185,300 $201,700
2014 $12,670 $387,000 $185,300 $201,700
Source: Public Records

Agents Affiliated with this Home

  • Sheryl Madonna

    Seller's Agent in 2022

    Sheryl Madonna

    Weichert Corporate

    (201) 206-9699

    1 in this area

    18 Total Sales

    Section Image
  • Danielle Russodivito

    Buyer's Agent in 2022

    Danielle Russodivito

    New and Modern Group

    (845) 664-2144

    1 in this area

    42 Total Sales

    Section Image
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Map

Source: New Jersey MLS

MLS Number: 22017479

New Jersey MLS

APN: 16-01902-0000-00024

New Jersey Essex County Nutley 07110

591 Passaic Ave, Nutley, NJ

This home is located at 591 Passaic Ave, Nutley, NJ 07110 since 17 May 2022 and is currently estimated at $715,355. 591 Passaic Ave is a home located in Essex County with nearby schools including Nutley High School, St Clare Elementary School, and Abundant Life Academy.

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.

New Jersey MLS 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.

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