$2,175,000
SOLD APR 30, 2025

1 Lorraine Rd Summit, NJ 07901

4 Beds
4 Baths
-- Sq Ft
0.32 Acres

Recently Sold

18% Above List Price

8 Days on Market

About This Home

As of April 2025

This home is located at 1 Lorraine Rd, Summit, NJ 07901 and is currently priced at $2,175,000. 1 Lorraine Rd 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

Suzanne Lear

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808 Listed on: 02/27/2025

Last Buyer's Agent

GINA MICHAL

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,161

Lot Details

  • 0.32 Acre Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,161

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 1
  • I D: 5340692
  • Modified: 2025-05-01
  • Number Images: 0
  • Attribution Contact: 908-273-8808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 3.10

Lot Info

  • Lot Size: 98X140
  • Total Acres: 0.32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2025
Closed on
Apr 17, 2025
Sold by
Cohard-Radice Marielle
Bought by
Foronjy Sean and Ohlberg Heather
Seller's Agent
Suzanne Lear
PROMINENT PROPERTIES SIR
Buyer's Agent
GINA MICHAL
PROMINENT PROPERTIES SIR
List Price
$1,850,000
Sold Price
$2,175,000
Premium/Discount to List
$325,000
17.57%
Views
108
Current Estimated Value
$2,102,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$72,665
Avg. Annual Appreciation
-7.95%
Original Mortgage
$1,522,500
Outstanding Balance
$1,514,293
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$588,042

Purchase Details

Listed on
Jun 14, 2013
Closed on
Jun 13, 2013
Sold by
Henderson Linda
Bought by
Cairns Andrew and Mc Clintock Sarah L
Sold Price
$950,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.22%
Original Mortgage
$400,000
Interest Rate
4.34%
Mortgage Type
VA

Purchase Details

Closed on
Aug 12, 1998
Sold by
Williams Robert B and Williams Susan S
Bought by
Henderson Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.12%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Bargain Sale Deed $2,175,000 Old Republic Title
Bargain Sale Deed $2,175,000 Old Republic Title
Deed $950,000 Stewart Title Guaranty Co
Deed $540,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,522,500 New Conventional
Closed $1,522,500 New Conventional
Previous Owner $400,000 VA
Previous Owner $260,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 Sold $2,175,000 +17.6% --
03/14/2025 03/14/25 Pending -- -- --
03/06/2025 03/06/25 For Sale $1,850,000 +25.4% --
09/18/2020 09/18/20 Sold $1,475,000 +7.3% --
09/18/2020 09/18/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $1,375,000 +44.7% --
06/14/2013 06/14/13 Sold $950,000 -- --
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 $21,161 $485,800 $222,500 $263,300
2024 $21,021 $485,800 $222,500 $263,300
2023 $21,021 $485,800 $222,500 $263,300
2022 $20,807 $485,800 $222,500 $263,300
2021 $20,972 $485,800 $222,500 $263,300
2020 $21,181 $485,800 $222,500 $263,300
2019 $21,205 $485,800 $222,500 $263,300
2018 $21,069 $485,800 $222,500 $263,300
2017 $21,205 $485,800 $222,500 $263,300
2016 $20,894 $485,800 $222,500 $263,300
2015 $20,486 $430,400 $222,500 $207,900
2014 $17,681 $430,400 $222,500 $207,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2025

    Suzanne Lear

    PROMINENT PROPERTIES SIR

    (908) 376-2720

    60 in this area

    115 Total Sales

    Suzanne Lear
    Section Image

  • G

    Buyer's Agent in 2025

    GINA MICHAL

    PROMINENT PROPERTIES SIR

  • J

    Buyer Co-Listing Agent in 2025

    JILL BRAY

    PROMINENT PROPERTIES SIR

  • Robert Oquist

    Seller Co-Listing Agent in 2013

    Robert Oquist

    RE/MAX

    (201) 563-2980

    2 in this area

    50 Total Sales

    Robert Oquist
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3948051

Garden State MLS

APN: 18-01204-0000-00004

New Jersey Union County Summit 07901

1 Lorraine Rd, Summit, NJ

This home is located at 1 Lorraine Rd, Summit, NJ 07901 and is currently priced at $2,175,000. 1 Lorraine Rd 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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