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283 Summer Street

283 Summer Street, Passaic, NJ 07055
Property in Passaic
Sold Jun 14, 2016
$270,000
$265,109 by Sierra Pacific Mortgage Co Inc
Mortgage Due Jun 01, 2046
Sold Apr 22, 2016
Transfer
Buyer
Seller
283 Summer Street has been categorized by the local assessors in Passaic, NJ as a residential type of property. The building on the property was first built in 1920 and is 104 years old. The building has a total of 2 stories. In addition, 283 Summer Street has 1,992 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 2,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The property was last sold in May 26, 2016 for $270,000. That's $135.54 per sqft. 283 Summer Street was last assessed in 2022. The total value of the property was assessed at $206,000. Specifically, the land the property is located on was valued at $62,500. While improvements on the property were assessed at a total of $143,500. 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 $8,001. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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
  • Building Style: Duplex
  • Floor Count: 2
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,992
  • Gross Building Area: 1,992
  • Building Area: 1,992
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,992
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.057
  • Standard Land Use Code: Duplex (2 units, any combination)

Ownership

  • Current Owner : DEDIOS JESSICA
  • Current Owner 2: GUTIERREZ PAULINA LUIS
  • Previous Owner : KASSAL MEHDI
  • Owner Before Previous Owner: CRUZ JOSE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Passaic City School District
  • Census Tract: 175500

Geography

  • District: 07
  • Parcel: 07 02191- 02-00004
  • Block: 2191.02
  • Lot: 4
  • Municipality: PASSAIC CITY
  • Latitude: 40.867
  • Longitude: -74.1402

    Address

  • Full Address: 283 Summer St
  • Address - House Number: 283
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Passaic
  • Carrier Code: C035
  • 4-Digit Zip Code: 3271
  • Zip Code: 07055

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,001

    Appraisal Valuation

  • Standard Deviation: 0.1937
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 74
  • Final Value: 440,158
  • High Value: 525,447
  • Low Value: 354,870

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $265,109
  • First Open Lien Mortgage Lender: SIERRA PACIFIC MORTGAGE CO INC
  • First Open Lien Mortgage Recording Date: Jun 14, 2016
  • First Open Lien Mortgage Loan Amount: $265,109
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2046

    Market Valuation

  • Market Total Value: $206,000
  • Market Land Value: $62,500
  • Market Improvement Value: $143,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $206,000
  • Assessed Land Value: $62,500
  • Assessed Improvements Value: $143,500

    Sales

  • Current Sale Contract Date: May 26, 2016
  • Current Sale Recording Date: Jun 14, 2016
  • Current Sale Transaction ID: 1819986816
  • Current Sale Price: $270,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2016026485
  • Previous Sale Recording Date: Apr 22, 2016
  • Previous Sale Contract Date: Dec 14, 2015
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SIERRA PACIFIC MORTGAGE CO INC
  • First Mortgage Transaction Date: Jun 14, 2016
  • First Mortgage Loan Amount: $265,109
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2046

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Frequently Asked Questions

What neighborhood is 283 Summer Street located in?
The 283 Summer Street is a located in the neighborhood of Passaic in Passaic, Passaic.
What is the average sales price for listings in 283 Summer Street?
The average sales price for units in 283 Summer Street is $0 currently.

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