NOT LISTED FOR SALE

1 Lorraine Rd Summit, NJ 07901

Estimated Value: $1,996,000 - $2,234,748

4 Beds
4 Baths
-- Sq Ft
0.32 Acre Lot

Sale Details

Date Sold: April 30, 2025

Last sale price $2,175,000

Current estimated payment $13,366 / mo

8 Days on Market

About This Home

As of April 2025

This home is located at 1 Lorraine Rd, Summit, NJ 07901 since 27 February 2025 and is currently estimated at $2,113,687. 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

Lot Details

  • 13,939 Sq Ft Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Lot Details

0.32 Acres

Listing Details

  • County Name: Union
  • I D: 5340692
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2025
Closed on
Apr 17, 2025
Sold by
Bought by
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
$2,177,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,561
Avg. Annual Appreciation
-2.35%
Original Mortgage
$1,522,500
Interest Rate
0.0563%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 14, 2013
Closed on
Jun 13, 2013
Sold by
Bought by
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
0.0434%
Mortgage Type
VA

Purchase Details

Closed on
Aug 12, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,522,500
Closed $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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% -- View Prior Sale
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 -- -- View Prior Sale
Source: Garden State MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $21,720 $485,800 $222,500 $263,300
2025 $21,720 $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

    119 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

    46 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

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