Passaic County » 53 Pennington Ave

53 Pennington Avenue, Passaic, NJ 07055 - Property report

Also known as: 53 Pennington Ave

Property image for 53 Pennington Avenue, Passaic, NJ 07055

Property type

Apartment (4C)

Year built

1950

Acreage

0.224

Sale price

$8,025,000

General information

Address

Primary address

53 Pennington Avenue

ZIP code

07055

County

Passaic

Block

2141

Lot

Neighborhood

Downtown Passaic

Municipality

1607

Qualifier

Parcel ID

2141-1

Sales

Sale date

10/25/2021

Sale price

$8,025,000

Arm's length

Tax

Tax year

2026

Current property tax

$148,336

Building

Property type

Apartment (4C)

Year built

1950

Exterior structural material

Lot

Acreage

0.224

Zoning & Use

Zoning

Qualified opportunity zone

Area overview

Walk score

94 /100. Walker's Paradise

Transit score

59 /100. Good Transit

Bike score

55 /100. Bikeable

Broadband internet providers and speed map

Types of broadband connections

Ownership

Ownership information for 53 Pennington Avenue, Passaic, NJ

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 53 Pennington Avenue, Passaic, NJ 07055

Sale date	Sale price	Buyer name	Seller name
10/25/2021	$8,025,000	XXXXXXX XXX XXX XXX	XXX XXXXXXX XXX XX XXX; XXXXXX XX XXXXXXXXXXX XXX; XXXXXX XXXXXXX; XXX XXXXXXX XXXXXX XXXXXXXX XXX; XXX XXXXXXX XXX XX XXXXXXX XXX
04/29/2019	$1	XXX XXXXXXX XXX XX XXX	XXX XXXXXXX XXXXXX XXXXXXXXXXX XXX
02/28/2018	$3,200,000	XXX XXXXXXX XXXXXX XXXXXXXXXXX XXX	XXXXXXX XXXXXXXXXX X XXX; XXXXX XXXXX

*Most recent sales on record for this property.

More about Passaic County property records.

Title documents

Date	Type	Party 1	Party 2
12/02/2021 - R 10/28/2021 - D	Mortgage	XXXXXXX XXX XXX XXX	XXXXXXXXX XXXXXXXXX XXXXXXX XXX
12/02/2021 - R 10/25/2021 - D	Deed and Realty Tax Fees	XXX XXXXXXX XXX XX XXX	XXXXXXX XXX XXX XXX
05/15/2019 - R 04/30/2019 - D	Mortgage	XXX XXXXXXX XXX XX XXX	XXXXXXXX XXXXXXXX XXXXXXX XXXXXX XXX
05/15/2019 - R 04/29/2019 - D	Deed and Realty Tax Fees	XXX XXXXXXX XXXXXX XXXXXXXXXXX XXX	XXX XXXXXXX XXX XX XXX
04/09/2018 - R 02/28/2018 - D	Mortgage	XXX XXXXXXX XXXXXX XXXXXXXXXXX XXX	XXXXXXXXXXX XXXXXXXXXXX XXX XXXXXX XXXXXX XXXXXX
04/09/2018 - R 02/28/2018 - D	Deed and Realty Tax Fees	XXXXXXX XXXXXXXXXX X XXX	XXX XXXXXXX XXXXXX XXXXXXXXXXX XXX
11/03/1997 - D	Deed and Realty Tax Fees

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 53 Pennington Avenue, Passaic, NJ

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2026

Property tax

$148,336

Recent tax assessments

Market value

$3,483,700

Land value

$123,800

Building value

$3,359,900

More about Passaic County property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Tax rate	Property tax	Y-o-Y change
2025	$3,483,700	$3,483,700	4.258	$148,336	+3.27%
2024	$3,483,700	$3,483,700	4.123	$143,633	+2.97%
2023	$3,483,700	$3,483,700	4.004	$139,487	+3.09%
2022	$3,483,700	$3,483,700	3.884	$135,307	+3.30%
2021	$3,483,700	$3,483,700	3.76	$130,987	+0.78%
2020	$3,483,700	$3,483,700	3.731	$129,977	+270.41%
2019	$954,300	$954,300	3.677	$35,090	+2.20%
2018	$954,300	$954,300	3.598	$34,336	-55.24%
2017	$2,200,000	$2,200,000	3.487	$76,714	-8.12%
2016	$2,479,000	$2,479,000	3.368	$83,493	+19.55%

Permits

Permit information for 53 Pennington Avenue, Passaic, NJ

*Most recent permit on record for this property.

Listings

Neighborhood

Demographics by ZIP code

Total population

70,002

Median age

31.9

Average household income

$78,683

Family households

73.8%

People per household (average)

3.29

Occupied housing units

21,151

Owner-occupied units

23.8%

Median year structure built

1938

Median value mortgaged units

$430,100

Median value unmortgaged units

$429,500

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map

View daily traffic map

Access the detailed traffic volume map for 53 Pennington Avenue, Passaic, NJ 07055 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Frequently asked questions

What is the year built for 53 Pennington Avenue, Passaic, NJ 07055?

The development at 53 Pennington Avenue, Passaic, NJ 07055 was built in 1950.

When was 53 Pennington Avenue, Passaic, NJ 07055 last sold and what was the sale price?

53 Pennington Avenue, Passaic, NJ 07055 was last sold on 10/25/2021 for $8,025,000.

What is the assessed value of 53 Pennington Avenue, Passaic, NJ 07055?

53 Pennington Avenue, Passaic, NJ 07055 is currently assessed at $3,483,700.

What are the property taxes for 53 Pennington Avenue, Passaic, NJ 07055?

The property taxes for 53 Pennington Avenue, Passaic, NJ 07055 total $148,335.

How many residential units does this building have?

This building has 45 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.