24-50 Summer Street, Passaic, NJ 07055 Property Information
24-50 Summer Street, Passaic, NJ 07055 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 24-50 Summer Street, Passaic |
| Zip code | 07055 |
| County | Passaic |
| Municipality | Passaic City |
| Block | 4104 |
| Lot | 21 |
| Neighborhood | Monroe Street |
Sales & Tax Overview for 24-50 Summer Street, Passaic
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 04/08/2019 |
| Sale price | $13,100,000 |
| Arm's length | Register |
| Property tax | $276,770 |
Lot & Building Information for 24-50 Summer Street, Passaic
| Building class | Apartment (4C) |
| Acreage | 1.502 |
| Year built | 1962 |
| Units | 102 |
| Exterior structural material | Register |
Zoning, Use & Area Overview
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Other Property Data for 24-50 Summer Street, Passaic
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About 24-50 Summer Street, Passaic
24-50 Summer Street, Passaic, NJ 07055 was built in 1962.
What is the assessed value of 24-50 Summer Street, Passaic, NJ 07055 and the property tax paid?Assessed at $6,500,000, the tax amount paid for 24-50 Summer Street, Passaic, NJ 07055 is $276,770.
When was 24-50 Summer Street, Passaic, NJ 07055 last sold and what was the last sale price?24-50 Summer Street, Passaic, NJ 07055 was last sold in 04/08/2019 for $13,100,000.
How many residential units does this building have?This building has 102 residential unit(s).
Ownership Information
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Past Sales & Property History for 24-50 Summer Street, Passaic
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*Here are the three most recent sales for this property.
Title Documents for 24-50 Summer Street, Passaic
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R: Recorded date
D: Document date
Property Taxes for 24-50 Summer Street, Passaic
Access detailed property tax data for 24-50 Summer Street, Passaic, NJ 07055. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Property tax | $276,770 |
| Market value | $6,500,000 |
Assessment History for 24-50 Summer Street, Passaic
Here's the assessment & property tax history for 24-50 Summer Street, Passaic, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessment value | Total tax rate | Property tax | Year over year change |
|---|---|---|---|---|---|
| 2025 | $6,500,000 | $6,500,000 | 4.258 | $276,770 | +3.27% |
| 2024 | $6,500,000 | $6,500,000 | 4.123 | $267,995 | +2.97% |
| 2023 | $6,500,000 | $6,500,000 | 4.004 | $260,260 | +3.09% |
| 2022 | $6,500,000 | $6,500,000 | 3.884 | $252,460 | +3.30% |
| 2021 | $6,500,000 | $6,500,000 | 3.76 | $244,400 | +0.78% |
Demographics by Zip Code
| Total population | 70,002 |
| Median age | 31.9 |
| Average household income | $78,683 |
| Family households | 73.8% |
| Occupied housing units | 21,151 |
| Owner occupied units | 23.8% |
| Average number of people per household | 3.29 |
| Median year structure built | 1938 |
| Median value for units with a mortgage | $430,100 |
| Median value for units without a mortgage | $429,500 |
Risk
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| FEMA flood zone(s) | X (See more on map) |
| Fire hazard zone | See more on map |
| Geohazard zones map | Register |
Transportation
Access the detailed traffic volume map for 24-50 Summer Street, Passaic to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
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Neighbors for 24-50 Summer Street, Passaic
Here are the neighbors for 24-50 Summer Street, Passaic.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 64 Summer St, Passaic | 2,349 | 03/05/2007 | $492,000 |
| 259 Lexington Ave, Passaic | 4,004 | 03/23/2009 | |
| 271 Lexington Ave, Passaic | 3,518 | 03/26/2007 | $450,000 |
| 305 Highland Ave, Passaic | 1,138 | 02/03/2020 | $220,000 |
| 301 Highland Ave, Passaic | 3,276 | 10/24/2023 | $660,000 |
| 309 Highland Ave, Passaic | 1,245 | 09/24/2014 | $63,000 |
| 247 Lexington Ave, Passaic | 12/21/2012 | ||
| 263 Lexington Ave, Passaic | 3,073 | ||
| 307 Highland Ave, Passaic | 1,912 | 05/08/2017 | $225,000 |
| 208 Central Ave, Passaic | 08/29/2023 | $350,000 | |
| 311 Highland Ave, Passaic | 1,636 | 05/13/2022 | $365,000 |
| 66 Summer St, Passaic | 2,598 | 10/11/2001 | $150,000 |
| 200 Central Ave, Passaic | 2,481 | 04/05/2022 | $4,110,000 |
| 255 Lexington Ave, Passaic | 2,889 | 08/04/2021 | $365,000 |
| 52 Summer St, Passaic | 02/18/2003 | $10,254 | |
| 198 Central Ave, Passaic | 2,349 | 12/20/2021 | $425,100 |
| 202 Central Ave, Passaic | 2,267 | 12/02/2019 | $285,000 |
| 70 Summer St, Passaic | 2,663 | ||
| 194 Central Ave, Passaic | 2,489 | 05/27/2004 | $330,000 |
| 204 Central Ave, Passaic | 1,554 | 04/19/2004 |