NOT LISTED FOR SALE

1 Colony Dr Summit, NJ 07901

Estimated Value: $1,716,389 - $1,944,000

4 Beds
4 Baths
2,116 Sq Ft
$879/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $1,600,000 $756 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $12,157/month

About This Home

As of June 2023

This home is located at 1 Colony Dr, Summit, NJ 07901 since 30 June 2023 and is currently estimated at $1,859,347, approximately $878 per square foot. This property was built in 1931. 1 Colony Dr is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

Last Agent to Sell the Property

Marianne Garibaldi

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808 Listed on: 06/30/2023

PROMINENT PROPERTIES SIR

Co-Listed By

Kim Cannon

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808

Last Buyer's Agent

Marianne Garibaldi

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808 Listed on: 06/30/2023

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,107

Year Built

  • 1931

Lot Details

  • 9,583

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,107

Year Built

1931

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 1
  • I D: 5205834
  • Modified: 2024-07-01
  • Number Images: 1
  • Attribution Contact: 908-273-8808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1931

Interior Features

  • Bedrooms: 4
  • Bathrooms: 3.10

Lot Info

  • Lot Size: .222

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2003
Sold by
Sharpe David
Bought by
Okeefe Patrick and Okeefe Gia Rys
Total Days on Market
0
Current Estimated Value
$1,859,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$736,000
Interest Rate
5.27%

Purchase Details

Closed on
Aug 25, 1999
Sold by
Kingsbery James C and Kingsbery Mary Louise
Bought by
Sharpe David H and Sharpe Elizabeth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,400
Interest Rate
8.1%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 15, 1997
Sold by
Braaten Kenneth R and Braaten Kathy Andaas
Bought by
Kingsbery James C and Kingsbery Mary Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
6.99%

Purchase Details

Closed on
Jul 28, 1995
Sold by
Associates Relocation Management Co Inc
Bought by
Braaten Kenneth R and Braaten Kathy Andaas

Purchase Details

Closed on
May 27, 1995
Sold by
Tara John A and Tara Mary Mcguire
Bought by
Associates Relocation Management Co Inc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Okeefe Patrick $920,000 --
Sharpe David H $705,000 --
Kingsbery James C $535,000 Chicago Title Insurance Co
Braaten Kenneth R $475,000 --
Associates Relocation Management Co Inc $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murphy Peter $1,268,709
Closed Okeefe Patrick J $417,000
Closed Okeefe Patrick J $250,000
Closed Okeefe Patrick $736,000
Previous Owner Sharpe David H $70,400
Previous Owner Sharpe David H $564,000
Previous Owner Kingsbery James C $428,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $1,600,000 0.0% $756 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
06/30/2023 06/30/23 For Sale $1,600,000 -- $756 / Sq Ft
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $21,107 $487,800 $204,400 $283,400
2023 $21,107 $487,800 $204,400 $283,400
2022 $20,892 $487,800 $204,400 $283,400
2021 $19,811 $458,900 $204,400 $254,500
2020 $20,008 $458,900 $204,400 $254,500
2019 $20,031 $458,900 $204,400 $254,500
2018 $19,902 $458,900 $204,400 $254,500
2017 $20,031 $458,900 $204,400 $254,500
2016 $18,279 $425,000 $204,400 $220,600
2015 $17,922 $425,000 $204,400 $220,600
2014 $17,459 $425,000 $204,400 $220,600
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Marianne Garibaldi

    PROMINENT PROPERTIES SIR

    (201) 401-0138

    6 in this area

    6 Total Sales

    Marianne Garibaldi
    Section Image
  • Kim Cannon

    Seller Co-Listing Agent in 2023

    Kim Cannon

    PROMINENT PROPERTIES SIR

    (609) 947-4493

    107 in this area

    161 Total Sales

    Kim Cannon
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3852066

Garden State MLS

APN: 18-03106-0000-00007

New Jersey Union County Summit 07901

1 Colony Dr, Summit, NJ

This home is located at 1 Colony Dr, Summit, NJ 07901 since 30 June 2023 and is currently estimated at $1,859,347, approximately $878 per square foot. This property was built in 1931. 1 Colony Dr is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

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