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493 East Passaic Avenue

493 East Passaic Avenue, Bloomfield, NJ 07003
Property in Essex
Sold Aug 02, 2016
$280,000
$183,150 by Nj Lenders Corp
Mortgage Due Aug 01, 2046
Sold Dec 03, 2003
$285,000
$225,000 by Wells Fargo Home Mtg
Mortgage
Local assessors in Bloomfield, NJ have categorized 493 East Passaic Avenue as a residential type of property. The home was built in 1942 and is 82 years old. The property's lot size has been calculated to be 7,749 square feet. The linear feet between the front and back of the lot was measured at 1,550 ft and the front of the lot was measured at 500 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 493 East Passaic Avenue has a total of 1,260 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The property was last sold in Jul 18, 2016 for $280,000. That's $222.22 per sqft. Prior to that sales transaction, the property was also sold in Dec 1, 2003 for $285,000. 493 East Passaic Avenue was last assessed in 2022. The total value of the property was assessed at $300,800. Specifically, the land the property is located on was valued at $150,700. While improvements on the property were assessed at a total of $150,100. 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 $9,632. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 1942
  • Effective Year Built: 1942
  • Bedroom Count: 0
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,749
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,260
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.178
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WALLACE LISA
  • Previous Owner : FOCHESATO MICHELE M
  • Owner Before Previous Owner: KRAWCZYNSKI STANLEY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bloomfield Township School District
  • Census Tract: 014900

Zoning

  • Zoning: R-1A

Geography

  • Assessors Map Reference: TAX MAP 40
  • District: 02
  • Parcel: 02 01101-0000-00013
  • Block: 1101
  • Lot: 13
  • Municipality: BLOOMFIELD TWP
  • Latitude: 40.8267
  • Longitude: -74.1741

    Address

  • Full Address: 493 E Passaic Ave
  • Address - House Number: 493
  • Street Direction: E
  • Address - Street Name: Passaic
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Bloomfield
  • Carrier Code: C044
  • 4-Digit Zip Code: 5314
  • Zip Code: 07003

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,632

    Appraisal Valuation

  • Standard Deviation: 0.2409
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 66
  • Final Value: 484,401
  • High Value: 601,138
  • Low Value: 367,664

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $183,150
  • First Open Lien Mortgage Lender: NJ LENDERS CORP
  • First Open Lien Mortgage Recording Date: Aug 02, 2016
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $183,150
  • 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: Aug 01, 2046

    Market Valuation

  • Market Total Value: $300,800
  • Market Land Value: $150,700
  • Market Improvement Value: $150,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $300,800
  • Assessed Land Value: $150,700
  • Assessed Improvements Value: $150,100

    Sales

  • Current Sale Contract Date: Jul 18, 2016
  • Current Sale Recording Date: Aug 02, 2016
  • Current Sale Transaction ID: 1947742691
  • Current Sale Price: $280,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2016065394
  • Previous Sale Recording Date: Dec 03, 2003
  • Previous Sale Contract Date: Dec 01, 2003
  • Previous Sale Amount: $285,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NJ LENDERS CORP
  • First Mortgage Transaction Date: Aug 02, 2016
  • First Mortgage Loan Amount: $183,150
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2046

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO HOME MTG
  • Previous Mortgage Transaction Date: Dec 03, 2003
  • Previous Mortgage Loan Amount: $225,000
  • Previous Mortgage Term: 360

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Frequently Asked Questions

What neighborhood is 493 East Passaic Avenue located in?
The 493 East Passaic Avenue is a located in the neighborhood of Essex in Essex, Bloomfield.
What is the average sales price for listings in 493 East Passaic Avenue?
The average sales price for units in 493 East Passaic Avenue is $0 currently.

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