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116 Lafayette Avenue

116 Lafayette Avenue, Passaic, NJ 07055
Property in Passaic
Sold Jun 22, 2016
$450,000
$360,000 by Fm Home Loans Llc
Mortgage Due Jul 01, 2046
Sold Jun 09, 2010
$335,000
$318,250 by First Internet Bank Of Indiana
Mortgage Due Jun 01, 2040
116 Lafayette Avenue in Passaic, NJ was first built in 1920 and is 104 years old. This has been categorized as a residential property type. There are a total of 2 floors. 116 Lafayette Avenue has 2,304 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 625 ft and the linear feet between the front and back of the lot is 1,820. In total, the area measurement of the land is 11,375 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The property was last sold in Apr 2, 2016 for $450,000. That's $195.31 per sqft. Prior to that sales transaction, the property was also sold in May 21, 2010 for $335,000. 116 Lafayette Avenue was last assessed in 2022. The total value of the property was assessed at $362,700. Specifically, the land the property is located on was valued at $157,600. While improvements on the property were assessed at a total of $205,100. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $14,087. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,375
  • Lot Size Depth Feet: 1,820
  • Lot Size Frontage Feet: 625
  • Total Building Area: 2,304
  • Building Area: 2,304
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,304
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.261
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : GOLDMAN ARON D
  • Current Owner 2: GOLDMAN DEVORAH H
  • Previous Owner : BUSTOS BYRON G
  • Previous Owner 2: BUSTOS JEANETTE T
  • Owner Before Previous Owner: NOTEABLE INVESTMENTS LLC

Neighborhood

  • School District Name: Passaic City School District
  • Census Tract: 175703

Geography

  • District: 07
  • Parcel: 07 03212-0000-00041
  • Block: 3212
  • Lot: 41
  • Municipality: PASSAIC CITY
  • Latitude: 40.8537
  • Longitude: -74.1257

    Address

  • Full Address: 116 Lafayette Ave
  • Address - House Number: 116
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Passaic
  • Carrier Code: C048
  • 4-Digit Zip Code: 4710
  • Zip Code: 07055

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,087

    Appraisal Valuation

  • Standard Deviation: 0.1948
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 74
  • Final Value: 641,798
  • High Value: 766,839
  • Low Value: 516,757

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $360,000
  • First Open Lien Mortgage Lender: FM HOME LOANS LLC
  • First Open Lien Mortgage Recording Date: Jun 22, 2016
  • First Open Lien Mortgage Loan Amount: $360,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2046

    Market Valuation

  • Market Total Value: $362,700
  • Market Land Value: $157,600
  • Market Improvement Value: $205,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $362,700
  • Assessed Land Value: $157,600
  • Assessed Improvements Value: $205,100

    Sales

  • Current Sale Contract Date: Apr 02, 2016
  • Current Sale Recording Date: Jun 22, 2016
  • Current Sale Transaction ID: 1953734966
  • Current Sale Price: $450,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2016028219
  • Previous Sale Recording Date: Jun 09, 2010
  • Previous Sale Contract Date: May 21, 2010
  • Previous Sale Amount: $335,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FM HOME LOANS LLC
  • First Mortgage Transaction Date: Jun 22, 2016
  • First Mortgage Loan Amount: $360,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: FIRST INTERNET BANK OF INDIANA
  • Previous Mortgage Transaction Date: Jun 09, 2010
  • Previous Mortgage Loan Amount: $318,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2040

About Passaic



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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$2,195 /mo

  • 3 Beds
  • 2 Baths
  • 1,258 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 116 Lafayette Avenue located in?
The 116 Lafayette Avenue is a located in the neighborhood of Passaic in Passaic, Passaic.
What is the average sales price for listings in 116 Lafayette Avenue?
The average sales price for units in 116 Lafayette Avenue is $0 currently.

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