NOT LISTED FOR SALE

881 Main Ave Passaic, NJ 07055

Estimated Value: $557,000 - $1,725,138

-- Bed
-- Bath
7,024 Sq Ft
$162/Sq Ft Est. Value

About This Home

This home is located at 881 Main Ave, Passaic, NJ 07055 and is currently estimated at $1,141,069, approximately $162 per square foot. 881 Main Ave is a home with nearby schools including Passaic High School # 12, Passaic Arts and Science Charter School, and Noble Leadership Academy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2021
Sold by
Step Ii Llc
Bought by
Step Iv Llc
Current Estimated Value
$1,141,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,710,000
Outstanding Balance
$1,531,591
Interest Rate
2.65%
Mortgage Type
Commercial
Estimated Equity
-$390,522

Purchase Details

Closed on
Sep 17, 2013
Sold by
Cahn Estates
Bought by
Step Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$802,000
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 27, 2003
Sold by
Poseidon Realty
Bought by
Cahn Estates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.95%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Step Iv Llc -- Main Street Title
Step Ii Llc $830,000 Alta Title Insurance Commit
Cahn Estates $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Step Iv Llc $1,710,000
Closed Step Iv Llc $1,710,000
Previous Owner Step Ii Llc $802,000
Previous Owner Cahn Estates $300,000
Source: Public Records

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 $25,563 $620,000 $186,700 $433,300
2024 $24,825 $620,000 $186,700 $433,300
2023 $24,081 $620,000 $186,700 $433,300
2022 $24,081 $620,000 $186,700 $433,300
2021 $23,312 $620,000 $186,700 $433,300
2020 $24,252 $650,000 $186,700 $463,300
2019 $23,901 $650,000 $186,700 $463,300
2018 $23,387 $650,000 $186,700 $463,300
2017 $22,666 $650,000 $186,700 $463,300
2016 $28,901 $858,100 $186,700 $671,400
2015 $14,464 $191,000 $138,100 $52,900
2014 $14,199 $191,000 $138,100 $52,900
Source: Public Records

Map

New Jersey Passaic County Passaic 07055

881 Main Ave, Passaic, NJ

This home is located at 881 Main Ave, Passaic, NJ 07055 and is currently estimated at $1,141,069, approximately $162 per square foot. 881 Main Ave is a home with nearby schools including Passaic High School # 12, Passaic Arts and Science Charter School, and Noble Leadership 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.

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