NOT LISTED FOR SALE

107 Summit Ave Montclair, NJ 07043

Montclair Neighborhood

Estimated Value: $1,602,000 - $2,101,000

5 Beds
5 Baths
2,508 Sq Ft
$749/Sq Ft Est. Value

Last Sold August 17, 2016

Last sale price $1,135,000 $453 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $13,307/month

About This Home

As of August 2016

This meticulously maintained gem sits on one of the most desirable streets in Montclair. From the well manicured front yard to the brand new, open concept kitchen with built in wine fridge to the patio and beautifully landscaped backyard,107 Summit is a home run all around! A spacious and well appointed chef's kitchen with adjacent family room, finished basement, cozy living room with fireplace, first floor study all make this home a dream come true. You'll love the primary bedroom with its luxuriously renovated en suite bathroom and large walk-in closet. Located approximately .7 miles from midtown direct train, coffee shops and eateries. Enjoy nearby Brookdale Park and all that it has to offer. Designed by the world renowned Olmsted Firm, Brookdale is home to 6 pickleball courts, tennis, walking paths, a dog park, craft fairs, and summer concerts. Looking for a one year rental that will immediately feel like home, come join the fun on this quintessential Montclair street.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2016
Closed on
Aug 15, 2016
Sold by
Finkle Clifford B and Finkle Alexis D
Bought by
Ripley Mark B and Ripley Aideen
Seller's Agent
ANGELA BURCHELL
COLDWELL BANKER REALTY
Buyer's Agent
TRACY NIX
PROMINENT PROPERTIES SIR
List Price
$929,000
Sold Price
$1,135,000
Premium/Discount to List
$206,000
22.17%
Current Estimated Value
$1,877,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$742,562
Avg. Annual Appreciation
5.94%
Original Mortgage
$737,750
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2004
Sold by
Knowles Brent
Bought by
Finkle Clifford and Finkle Alexis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,500
Interest Rate
6.32%

Purchase Details

Closed on
Jul 21, 1989
Sold by
Hardison Michael O and Grace Marie
Bought by
Knowles Brent A and Knowles Rebecca W

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Ripley Mark B $1,135,000 None Available
Finkle Clifford $808,500 --
Knowles Brent A $390,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ripley Mark B $690,000
Closed Ripley Mark B $737,750
Previous Owner Finkle Alexis D $267,500
Previous Owner Finkle Alexis D $316,669
Previous Owner Finkla Aleza D $320,500
Previous Owner Finkle Clifford $378,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2023 05/26/23 Rented $9,000 0.0% --
05/02/2023 05/02/23 For Rent $9,000 0.0% --
08/17/2016 08/17/16 Sold $1,135,000 +22.2% $450 / Sq Ft
06/09/2016 06/09/16 Pending -- -- --
05/24/2016 05/24/16 For Sale $929,000 -- $368 / Sq Ft

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 $34,773 $1,169,700 $375,200 $794,500
2022 $33,827 $1,028,800 $375,200 $653,600
2021 $33,241 $1,028,800 $375,200 $653,600
2020 $32,706 $1,028,800 $375,200 $653,600
2019 $32,366 $1,028,800 $375,200 $653,600
2018 $31,831 $1,028,800 $375,200 $653,600
2017 $25,862 $692,600 $350,600 $342,000
2016 $25,089 $690,400 $350,600 $339,800
2015 $24,344 $690,400 $350,600 $339,800
2014 $23,529 $690,400 $350,600 $339,800
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Denise Riordan

    Prominent Properties Sotheby's International Realty-Montclair

    (973) 783-6900

    4 in this area

    14 Total Sales

    Denise Riordan
    Section Image

  • M

    Buyer's Agent in 2023

    Melissa Giordano

    Prominent Properties Sotheby's International Realty-Montclair

    (917) 994-4988

    5 in this area

    10 Total Sales

    Melissa Giordano
    Section Image

  • A

    Seller's Agent in 2016

    ANGELA BURCHELL

    COLDWELL BANKER REALTY

  • T

    Buyer's Agent in 2016

    TRACY NIX

    PROMINENT PROPERTIES SIR

See All Agents

Map

New Jersey Essex County Montclair 07043 Montclair

107 Summit Ave, Montclair, NJ

Homes for Sale in Montclair, NJ

This home is located at 107 Summit Ave, Montclair, NJ 07043 and is currently estimated at $1,877,562, approximately $748 per square foot. 107 Summit Ave is a home located in Essex County with nearby schools including Bradford School, Hillside School, and Nishuane School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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