NOT LISTED FOR SALE

11 Lorraine Rd Summit, NJ 07901

Estimated Value: $2,306,000 - $2,442,000

4 Beds
5 Baths
3,374 Sq Ft
$708/Sq Ft Est. Value

Last Sold March 29, 2019

Last sale price $1,325,000 $393 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $14,646/month

1 Day on Market

Highlights

  • Recreation Room
  • Wood Flooring
  • 2 Fireplaces
  • L C Johnson Summit Middle School Rated A+
  • Tudor Architecture
  • Sun or Florida Room

About This Home

As of March 2019

Location, Location, Location. Just blocks to town, schools, and trains, for this beautifully maintained Lincoln-Hubbard home. Expansive, sun drenched rooms throughout the first floor create a desirable space for entertaining. Residing on the second floor you will find a large master bedroom with walk in closet and full bath, 2 additional bedrooms, and a hall bath. The Third floor houses the 4th bedroom and 3rd full bath. A large finished lower level with stone fireplace offers ample space for play and relaxation. This lovely home in one of Summit's highly desired neighborhoods is a classic.

Last Agent to Sell the Property

JILL BRAY

PROMINENT PROPERTIES SIR Listed on: 03/12/2019

Last Buyer's Agent

Suzanne Lear

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,042

Year Built

  • Built in 1932

Lot Details

  • 0.25 Acre Lot
  • Corner Lot
  • Sprinkler System

Parking

  • 2 Car Detached Garage
  • Additional Parking

Home Design

  • Tudor Architecture
  • Slate Roof
  • Stone Siding
  • Tile

Interior Spaces

  • 2 Fireplaces
  • Wood Burning Fireplace
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Den
  • Recreation Room
  • Sun or Florida Room
  • Home Gym
  • Partially Finished Basement
  • Front Basement Entry

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Schools

  • Lincoln-Hubbard Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Zoned Heating and Cooling
  • Radiator
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-01204-0000-00009-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,042

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Style: Tudor
  • Primary Style: Tudor
  • Subproperty Type: Single Family
  • Year Built: 1932
  • Year Built Description: Approximate
  • County Name: Union
  • Easements Description: electrical
  • Directions: Norwood to Lorraine
  • I D: 4877177
  • Section Subdiv Development: in Town
  • First Name: JILL
  • First Name3: SUZANNE
  • First Name4: JILL
  • Last Name: BRAY
  • Last Name3: LEAR
  • Last Name4: BRAY
  • Office Phone3: 908-868-5245
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Wood Burning
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Disposal, Dryer
  • Interior Amenities: Walk-In Closet, Fire Alarm Sys, Security System, Fire Extinguisher, Carbon Monoxide Detector, Smoke Detector
  • Bedrooms: 4
  • Master Bedroom Desc: Dressing Room, Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Third
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 3.20
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Basement Level Rooms: Laundry Room, Exercise Room, Bath(s) Other, Rec Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Dim: 19x16
  • Kitchen Level: First
  • Living Room Dim: 24x16
  • Living Room Level: First
  • Other Room 1: Sunroom
  • Other Room1 Dim: 16x8
  • Other Room1 Level: First
  • Other Room 2: Rec Room
  • Other Room2 Dim: 23x16
  • Other Room2 Level: Basement
  • Other Room 3: Laundry Room
  • Other Room3 Dim: 15x11
  • Other Room3 Level: Basement
  • Other Room 4: Exercise Room
  • Other Room4 Dim: 10x8
  • Other Room4 Level: Basement
  • Level 1 Rooms: Foyer, Den, Living Room, Dining Room, Entrance Vestibule, Sunroom, Bath(s) Other, Kitchen
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: 1 Bedroom, Bath(s) Other
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Stone, Stucco
  • Exterior Features: Underground Lawn Sprinkler, Patio
  • Roof Description: Slate

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: Additional Parking, Blacktop

Utilities

  • Cooling: Multi-Zone Cooling, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Radiators - Steam
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 115X96
  • Easement: Yes
  • Lot Description: Corner
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.25

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 30042
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-01204-0000-00009-0000-
  • Tax Rate Amount: 4.337
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2019
Closed on
Mar 29, 2019
Sold by
Kadish Abraham J and Kahn Linda
Bought by
Dube Maneesh and Gandhi Jyotsna
Seller's Agent
JILL BRAY
PROMINENT PROPERTIES SIR
Buyer's Agent
Suzanne Lear
PROMINENT PROPERTIES SIR
List Price
$1,349,000
Sold Price
$1,325,000
Premium/Discount to List
-$24,000
-1.78%
Current Estimated Value
$2,387,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,062,475
Avg. Annual Appreciation
9.19%
Original Mortgage
$800,000
Outstanding Balance
$687,583
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,699,892

Purchase Details

Closed on
Jan 14, 2016
Sold by
Kadish Abraham J and Kadish Linda K
Bought by
Kadish Abraham J and Kadish Linda K

Purchase Details

Closed on
Jan 24, 2003
Sold by
Yannakakis Mihalis
Bought by
Karn Linda and Kadish Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.98%

Purchase Details

Closed on
May 26, 1998
Sold by
Croswell Thomas A and Croswell Deborah H
Bought by
Yannakakis Mihalis and Yannakakis Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,000
Interest Rate
6.5%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dube Maneesh $1,325,000 Acres Land Title Agency Llc
Kadish Abraham J $100 --
Karn Linda $1,137,500 --
Yannakakis Mihalis $740,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dube Maneesh $800,000
Previous Owner Karn Linda $500,000
Previous Owner Yannakakis Mihalis $555,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2019 03/29/19 Sold $1,325,000 -1.8% $393 / Sq Ft
03/13/2019 03/13/19 Pending -- -- --
03/12/2019 03/12/19 For Sale $1,349,000 -- $400 / Sq Ft
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 $25,204 $578,600 $216,400 $362,200
2024 $25,036 $578,600 $216,400 $362,200
2023 $25,036 $578,600 $216,400 $362,200
2022 $24,781 $578,600 $216,400 $362,200
2021 $24,978 $578,600 $216,400 $362,200
2020 $25,227 $578,600 $216,400 $362,200
2019 $25,256 $578,600 $216,400 $362,200
2018 $30,042 $692,700 $216,400 $476,300
2017 $30,236 $692,700 $216,400 $476,300
2016 $29,793 $692,700 $216,400 $476,300
2015 $29,211 $692,700 $216,400 $476,300
2014 $28,456 $692,700 $216,400 $476,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    JILL BRAY

    PROMINENT PROPERTIES SIR

  • S

    Buyer's Agent in 2019

    Suzanne Lear

    PROMINENT PROPERTIES SIR

    (908) 376-2720

    58 in this area

    114 Total Sales

    Suzanne Lear
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3538616

Garden State MLS

APN: 18-01204-0000-00009

New Jersey Union County Summit 07901

11 Lorraine Rd, Summit, NJ

Not Listed for Sale

Detached

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