625 East Passaic Avenue

Local assessors in Bloomfield, NJ have categorized 625 East Passaic Avenue as a residential type of property. The home was built in 1958 and is 66 years old. The property's lot size has been calculated to be 10,799 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 900 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 625 East Passaic Avenue has a total of 2,980 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 625 East Passaic Avenue was last sold in Aug 10, 2011 for $341,000. According to our calculations, that's $114.43 per sqft. Prior to that sales transaction, the property was sold for $430,000 in Oct 25, 2004. Current property owners are expected to pay $14,707 in taxes per year. The property on 625 East Passaic Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $459,300. To break that down further, the land itself was valued at $158,800. While improvements to the property were assessed at a total of $300,500. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.