NOT LISTED FOR SALE

101 Hobart Ave Summit, NJ 07901

Estimated Value: $3,087,000 - $3,475,000

7 Beds
4 Baths
-- Sq Ft
0.46 Acres

Last Sold March 20, 2023

Last sale price $2,800,000

Est. 17% increase in value since last sale

Current estimated payment $20,411/month

8 Days on Market

About This Home

As of March 2023

This home is located at 101 Hobart Ave, Summit, NJ 07901 since 30 January 2023 and is currently estimated at $3,286,728. This property was built in 1908. 101 Hobart Ave 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

TRACEY CASTELLANO

KELLER WILLIAMS REALTY Brokerage Phone: 908-273-2991 Listed on: 01/30/2023

Last Buyer's Agent

NATALYA PRICE

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,804

Year Built

  • Built in 1908

Lot Details

  • 0.46 Acre Lot

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,804

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Year Built: 1908
  • County Name: Union
  • Street Number Display: 101
  • I D: 5200769
  • Modified: 2024-03-21
  • Number Images: 1
  • Attribution Contact: 908-273-2991
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 7
  • Bathrooms: 3.10

Lot Info

  • Lot Size: 115X175
  • Total Acres: 0.46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2023
Closed on
Mar 6, 2023
Sold by
Sink Sadie
Bought by
Barnes Stephen and Barnes Robyn
Seller's Agent
TRACEY CASTELLANO
KELLER WILLIAMS REALTY
Buyer's Agent
NATALYA PRICE
COMPASS NEW JERSEY, LLC
List Price
$2,495,000
Sold Price
$2,800,000
Premium/Discount to List
$305,000
12.22%
Views
33
Current Estimated Value
$3,286,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,728
Avg. Annual Appreciation
6.68%
Original Mortgage
$2,240,000
Outstanding Balance
$2,152,390
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$1,134,338

Purchase Details

Listed on
Jul 15, 2020
Closed on
Aug 25, 2020
Sold by
Riggin Allison and Riggin Keith
Bought by
Sink Sadie
Seller's Agent
Kim Cannon
PROMINENT PROPERTIES SIR
Buyer's Agent
TRACEY CASTELLANO
KELLER WILLIAMS REALTY
List Price
$2,199,000
Sold Price
$2,125,000
Premium/Discount to List
-$74,000
-3.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.38%
Original Mortgage
$1,487,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2011
Sold by
Schlesinger Michael D and Schlesinger Kate A
Bought by
Riggin Allison and Riggin Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,000
Interest Rate
4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Barnes Stephen $2,800,000 Chicago Title
Barnes Stephen $2,800,000 Chicago Title
Sink Sadie $2,125,000 Acres Land Title Agency Inc
Riggin Allison $1,525,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barnes Stephen $2,240,000
Closed Barnes Stephen $2,240,000
Previous Owner Sink Sadie $1,487,500
Previous Owner Riggin Allison $1,100,000
Previous Owner Riggin Keith D $300,000
Previous Owner Riggin Allison $729,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2023 03/20/23 Sold $2,800,000 +12.2% --
02/11/2023 02/11/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $2,495,000 +17.4% --
08/26/2020 08/26/20 Sold $2,125,000 -3.4% --
07/23/2020 07/23/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $2,199,000 -- --
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 $34,804 $949,000 $418,600 $530,400
2024 $34,573 $799,000 $418,600 $380,400
2023 $34,573 $799,000 $418,600 $380,400
2022 $34,221 $799,000 $418,600 $380,400
2021 $34,493 $799,000 $418,600 $380,400
2020 $34,836 $799,000 $418,600 $380,400
2019 $34,876 $799,000 $418,600 $380,400
2018 $34,653 $799,000 $418,600 $380,400
2017 $34,876 $799,000 $418,600 $380,400
2016 $34,365 $799,000 $418,600 $380,400
2015 $33,694 $799,000 $418,600 $380,400
2014 $32,823 $799,000 $418,600 $380,400
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    TRACEY CASTELLANO

    KELLER WILLIAMS REALTY

  • N

    Buyer's Agent in 2023

    NATALYA PRICE

    COMPASS NEW JERSEY, LLC

  • Kim Cannon

    Seller's Agent in 2020

    Kim Cannon

    PROMINENT PROPERTIES SIR

    (609) 947-4493

    101 in this area

    157 Total Sales

    Kim Cannon
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3826436

Garden State MLS

APN: 18-02611-0000-00012

New Jersey Union County Summit 07901

101 Hobart Ave, Summit, NJ

This home is located at 101 Hobart Ave, Summit, NJ 07901 since 30 January 2023 and is currently estimated at $3,286,728. This property was built in 1908. 101 Hobart Ave 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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