NOT LISTED FOR SALE

1 Cottage Ln Summit, NJ 07901

Estimated Value: $529,896 - $668,000

2 Beds
2 Baths
1,096 Sq Ft
$548/Sq Ft Est. Value

Last Sold April 05, 2016

Last sale price $285,000 $260 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $3,804/month

About This Home

As of April 2016

This home is located at 1 Cottage Ln, Summit, NJ 07901 since 05 April 2016 and is currently estimated at $600,224, approximately $547 per square foot. This property was built in 1923. 1 Cottage Ln is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Kent Place School.

Last Agent to Sell the Property

Nawaz Sheikh

ELITE INTRIAGO REALTY LLC Brokerage Phone: 908-688-3311 Listed on: 04/05/2016

Last Buyer's Agent

ZHENG ZHANG

REALMART REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,223

Year Built

  • 1923

Lot Details

  • 3,049 Sq Ft Lot

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,223

Year Built

1923

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 1
  • I D: 4581572
  • Modified: 2017-04-06
  • Number Images: 0
  • Attribution Contact: 908-688-3311
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1923

Interior Features

  • Bedrooms: 2
  • Bathrooms: 1.10

Lot Info

  • Lot Size: 0.07
  • Total Acres: 0.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2016
Closed on
Apr 13, 2016
Sold by
Ramon Londono
Bought by
Zhang Zheng and Jiang Rong
Seller's Agent
Nawaz Sheikh
ELITE INTRIAGO REALTY LLC
Buyer's Agent
ZHENG ZHANG
REALMART REALTY
Sold Price
$285,000
Total Days on Market
0
Current Estimated Value
$600,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$315,224
Avg. Annual Appreciation
7.32%
Original Mortgage
$329,000
Outstanding Balance
$268,314
Interest Rate
3.59%
Estimated Equity
$276,025

Purchase Details

Closed on
Jan 10, 2008
Sold by
Coombs Harold Eric and Coombs Bernice
Bought by
Londono Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2001
Sold by
Hemlack Leo and Hemlak Mary
Bought by
Hemlak Sandra
Source: Public Records

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Range of Values:

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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
Zhang Zheng -- --
Londono Ramon $250,000 First American Title Ins Co
Hemlak Sandra -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Zheng $329,000
Closed Zhang Zheng --
Closed Zhang Zheng $213,750
Previous Owner Londono Ramon $173,250
Previous Owner Londono Ramon $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2016 04/05/16 Sold $285,000 -- $260 / 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 $5,223 $120,700 $55,800 $64,900
2023 $5,223 $120,700 $55,800 $64,900
2022 $5,170 $120,700 $55,800 $64,900
2021 $5,211 $120,700 $55,800 $64,900
2020 $5,263 $120,700 $55,800 $64,900
2019 $5,269 $120,700 $55,800 $64,900
2018 $5,235 $120,700 $55,800 $64,900
2017 $6,434 $147,400 $55,800 $91,600
2016 $6,340 $147,400 $55,800 $91,600
2015 $6,216 $116,100 $55,800 $60,300
2014 $4,769 $116,100 $55,800 $60,300
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2016

    Nawaz Sheikh

    ELITE INTRIAGO REALTY LLC

    (908) 688-3311

    Nawaz Sheikh
    Section Image

  • Z

    Buyer's Agent in 2016

    ZHENG ZHANG

    REALMART REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3265787

Garden State MLS

APN: 18-04005-0000-00016

New Jersey Union County Summit 07901

1 Cottage Ln, Summit, NJ

This home is located at 1 Cottage Ln, Summit, NJ 07901 since 05 April 2016 and is currently estimated at $600,224, approximately $547 per square foot. This property was built in 1923. 1 Cottage Ln is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Kent Place School.

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