$860,000
SOLD OCT 1, 2024

81-83 Spring St Passaic, NJ 07055

7 Beds
3 Baths
-- Sq Ft
4,687 Sq Ft Lot

Recently Sold

3% Below List Price

52 Days on Market

About This Home

As of October 2024

Introducing an exceptional three-level multi-family residence nestled in the heart of Passaic, NJ! This property presents a remarkable investment prospect with three distinct apartments. Unit 1 boasts 2 bedrooms, 1 bath, a pantry room, and den. Unit 2 provides 3 bedrooms, 1 bath, and a pantry room. Unit 3 offers 2 bedrooms, 1 bath, along with ample storage closets. Each unit offers generous living space, ensuring a comfortable lifestyle for tenants, making it an appealing choice. Additionally, this home features an unfinished basement with 3 laundry hookups and a 2-car garage. All electrical and plumbing systems are updated to meet 2023 codes, including new windows. Conveniently located just one block from New Jersey transit bus stops and close to the train station, this residence perfectly balances comfort and accessibility. Seize the opportunity to own this prime piece of real estate and unlock its full potential, whether you're an investor or homeowner.

Last Agent to Sell the Property

Michelle Pais

Signature Realty NJ LLC - Westfield

Signature Realty NJ LLC - Westfield

Co-Listed By

Jason Kunzman

Signature Realty NJ LLC

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,014

Year Built

  • 1925

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Laundry in unit
  • 4,687 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00008 / 01292

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,014

Year Built

1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Unit
  • Co List Office Mls Id: 2904
  • Co List Office Phone: (908) 686-1200
  • MLS Status: Sold - Sold
  • Directions: Howard Ave to Spring St
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1925

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Basement Remarks: Yes, Fully Finished

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Sq Ft: 4687.0

Tax Info

  • Tax Annual Amount: 14014.0
  • Tax Block: 01292
  • Tax Lot: 00008

Map

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

Property History

Date Event Price Change Sq Ft Price
10/01/2024 10/01/24 Sold $860,000 -3.3% --
06/20/2024 06/20/24 Pending -- -- --
04/29/2024 04/29/24 For Sale $889,000 -- --
Source: New Jersey MLS

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 $14,150 $353,400 $112,500 $240,900
2022 $13,594 $350,000 $112,500 $237,500
2021 $13,160 $350,000 $112,500 $237,500
2020 $13,059 $350,000 $112,500 $237,500
2019 $12,870 $350,000 $112,500 $237,500
2018 $12,593 $350,000 $112,500 $237,500
2017 $12,205 $350,000 $112,500 $237,500
2016 $14,789 $439,100 $112,500 $326,600
2015 $10,602 $140,000 $71,400 $68,600
2014 $10,408 $140,000 $71,400 $68,600
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $688,000 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Bargain Sale Deed $860,000 Reliant Title Agency
Source: Public Records

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Source: New Jersey MLS

MLS Number: 24012871

New Jersey MLS

APN: 07-01292-01-00008