NOT LISTED FOR SALE

108 Morris Ave Summit, NJ 07901

Estimated Value: $675,000 - $992,275

Studio
-- Bath
-- Sq Ft
9,583 Sq Ft Lot

Last Sold June 07, 2024

Last sale price $675,000

Est. 22% increase in value since last sale

Current estimated payment $4,986/month

38 Days on Market

About This Home

As of June 2024

This home is located at 108 Morris Ave, Summit, NJ 07901 since 22 April 2024 and is currently estimated at $826,069. This property was built in 1870. 108 Morris Ave is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

Last Agent to Sell the Property

Joseph Aziz

PRESTIGE PROPERTY GROUP MONTCLAIR Brokerage Phone: 973-860-7595 Listed on: 04/22/2024

Last Buyer's Agent

Christian Cobo

BHGRE ELITE

BHGRE ELITE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1870

Lot Details

  • 9,583 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Year Built: 1870
  • County Name: Union
  • I D: 5282870
  • Attribution Contact: 973-860-7595
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: .224
  • Total Acres: 0.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
Jun 5, 2024
Sold by
108 Morris Ave Llc and 108 Morris Llc
Bought by
Summit One Llc
Seller's Agent
Joseph Aziz
PRESTIGE PROPERTY GROUP MONTCLAIR
Buyer's Agent
Christian Cobo
BHGRE ELITE
List Price
$700,000
Sold Price
$675,000
Premium/Discount to List
-$25,000
-3.57%
Views
111
Current Estimated Value
$826,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,069
Avg. Annual Appreciation
13.19%
Original Mortgage
$676,000
Interest Rate
7.02%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 22, 2024
Sold by
Wellbrock David J and Wellbrock Jake
Bought by
108 Morris Llc

Purchase Details

Closed on
Aug 9, 2018
Sold by
Wellbrock David L and Wellbrock Sallie Johnson
Bought by
Wellbrock David J and Wellbrock Jake

Purchase Details

Closed on
Aug 8, 2000
Sold by
Schmidt Dieter and Crowson Florence M
Bought by
Wellbrock David J and Johnson Wellbrock Sallie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
8.13%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Summit One Llc $675,000 Prestige Title
Summit One Llc $675,000 Prestige Title
108 Morris Llc $435,000 Majestic Title
Wellbrock David J -- None Available
Wellbrock David J $322,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Summit One Llc $676,000
Previous Owner Wellbrock David J $122,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2024 06/07/24 Sold $675,000 -3.6% --
05/30/2024 05/30/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $700,000 -- --
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 $8,368 $212,100 $70,800 $141,300
2024 $8,312 $192,100 $70,800 $121,300
2023 $8,312 $192,100 $70,800 $121,300
2022 $8,228 $192,100 $70,800 $121,300
2021 $8,293 $192,100 $70,800 $121,300
2020 $8,376 $192,100 $70,800 $121,300
2019 $8,385 $192,100 $70,800 $121,300
2018 $8,331 $192,100 $70,800 $121,300
2017 $8,385 $192,100 $70,800 $121,300
2016 $8,262 $192,100 $70,800 $121,300
2015 $8,101 $192,100 $70,800 $121,300
2014 $7,891 $192,100 $70,800 $121,300
Source: Public Records

Agents Affiliated with this Home

  • Joseph Aziz

    Seller's Agent in 2024

    Joseph Aziz

    PRESTIGE PROPERTY GROUP MONTCLAIR

    (201) 708-5067

    1 in this area

    225 Total Sales

    Joseph Aziz
    Section Image
  • Christian Cobo

    Buyer's Agent in 2024

    Christian Cobo

    BHGRE ELITE

    (908) 884-5316

    2 in this area

    272 Total Sales

    Christian Cobo
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3897419

Garden State MLS

APN: 18-04101-0000-00013

New Jersey Union County Summit 07901

108 Morris Ave, Summit, NJ

Not Listed for Sale

MultiFamily

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