NOT LISTED FOR SALE

1 Colt Rd Summit, NJ 07901

Estimated Value: $1,775,000 - $2,244,000

4 Beds
3 Baths
-- Sq Ft
0.52 Acres

Last Sold May 07, 2024

Last sale price $1,870,000

Est. 11% increase in value since last sale

Current estimated payment $13,438/month

About This Home

As of May 2024

This home is located at 1 Colt Rd, Summit, NJ 07901 since 10 December 2023 and is currently estimated at $2,083,703. This property was built in 1957. 1 Colt Rd 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

CYNTHIA BAKER

LOIS SCHNEIDER REALTOR Brokerage Phone: 908-277-1398 Listed on: 12/10/2023

Last Buyer's Agent

SUSAN PENNEY PARSELLS

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,689

Year Built

  • Built in 1957

Lot Details

  • 0.52 Acre Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,689

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Year Built: 1957
  • County Name: Union
  • Street Number Display: 1
  • I D: 5259666
  • Modified: 2025-05-08
  • Number Images: 1
  • Attribution Contact: 908-277-1398
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 2.10

Lot Info

  • Lot Size: .516
  • Total Acres: 0.52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2023
Closed on
May 1, 2024
Sold by
Chin Gary D and Chin Anne M
Bought by
Candino Eric and Candino Jennifer
Seller's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
Buyer's Agent
SUSAN PENNEY PARSELLS
PROMINENT PROPERTIES SIR
List Price
$1,695,000
Sold Price
$1,870,000
Premium/Discount to List
$175,000
10.32%
Current Estimated Value
$2,083,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,703
Avg. Annual Appreciation
7.98%

Purchase Details

Closed on
Jul 29, 2000
Sold by
Ressler Richard J and Kimberland Margaret H
Bought by
Chin Gary D and Chin Anne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage
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
Candino Eric $1,870,000 Acres Land Title
Chin Gary D $849,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chin Gary D $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2024 05/07/24 Sold $1,870,000 0.0% --
12/11/2023 12/11/23 Off Market $1,870,000 -- --
12/10/2023 12/10/23 Pending -- -- --
12/10/2023 12/10/23 For Sale $1,695,000 -- --
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
2025 $28,689 $658,600 $319,300 $339,300
2024 $28,498 $658,600 $319,300 $339,300
2023 $28,498 $658,600 $319,300 $339,300
2022 $28,208 $658,600 $319,300 $339,300
2021 $28,432 $658,600 $319,300 $339,300
2020 $28,715 $658,600 $319,300 $339,300
2019 $28,748 $658,600 $319,300 $339,300
2018 $28,563 $658,600 $319,300 $339,300
2017 $28,748 $658,600 $319,300 $339,300
2016 $27,918 $649,100 $319,300 $329,800
2015 $27,373 $649,100 $319,300 $329,800
2014 $26,665 $649,100 $319,300 $329,800
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    CYNTHIA BAKER

    LOIS SCHNEIDER REALTOR

  • S

    Buyer's Agent in 2024

    SUSAN PENNEY PARSELLS

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3877794

Garden State MLS

APN: 18-03101-0000-00001

New Jersey Union County Summit 07901

1 Colt Rd, Summit, NJ

This home is located at 1 Colt Rd, Summit, NJ 07901 since 10 December 2023 and is currently estimated at $2,083,703. This property was built in 1957. 1 Colt Rd 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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