NOT LISTED FOR SALE

116 Summit Ave Garfield, NJ 07026

Estimated Value: $586,000 - $783,000

4 Beds
2 Baths
2,146 Sq Ft
$316/Sq Ft Est. Value

Last Sold August 01, 2022

Last sale price $450,000 $210 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,362/month

87 Days on Market

About This Home

As of August 2022

Don't miss this one! Situated on a lovely lot with a long driveway, this home offers unlimited potential. A little TLC makes this a perfect investment property or a lovely place to call home! Nice size rooms, second floor has a newer kitchen. Seperate gas and electric. Beautiful location just steps away from Belmont park!

Last Agent to Sell the Property

Denise Dougherty

Coviello Realty Listed on: 03/21/2022

Co-Listed By

Geraldine Tecchio

ERA/Nalbandian Realty

Last Buyer's Agent

Geraldine Tecchio

ERA/Nalbandian Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,066

Lot Details

  • 6,251

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Laundry in Basement
  • 6,251 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00055 / 00105

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,066

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: (201) 797-1100
  • MLS Status: Sold - Sold
  • Directions: GPS
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Remarks: full unfinished with seperate laundry, sep heat, sep h/w

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 6251.0

Tax Info

  • Tax Annual Amount: 9066.0
  • Tax Block: 00105
  • Tax Lot: 00055

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2022
Closed on
Jul 29, 2022
Sold by
David Brandl
Bought by
Solano Guillermo
Seller's Agent
Denise Dougherty
Coviello Realty
Buyer's Agent
Geraldine Tecchio
ERA/Nalbandian Realty
List Price
$449,000
Sold Price
$450,000
Premium/Discount to List
$1,000
0.22%
Current Estimated Value
$678,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,250
Avg. Annual Appreciation
12.71%
Original Mortgage
$315,000
Outstanding Balance
$301,228
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$377,022

Purchase Details

Closed on
Jul 27, 1995
Sold by
Shilansky Maryann
Bought by
Brandl Dave

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.48%
Source: Public Records
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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
Solano Guillermo $450,000 Sunnyside Title
Brandl Dave $135,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solano Guillermo $315,000
Previous Owner Brandl Dave $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2022 08/01/22 Sold $450,000 +0.2% $210 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $449,000 -- $209 / Sq Ft
Source: New Jersey 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 $10,215 $306,100 $136,300 $169,800
2024 $10,043 $306,100 $136,300 $169,800
2023 $9,547 $306,100 $136,300 $169,800
2022 $9,547 $306,100 $136,300 $169,800
2021 $9,269 $306,100 $136,300 $169,800
2020 $9,067 $306,100 $136,300 $169,800
2019 $8,895 $306,100 $136,300 $169,800
2018 $8,696 $306,100 $136,300 $169,800
2017 $8,543 $306,100 $136,300 $169,800
2016 $8,289 $306,100 $136,300 $169,800
2015 $8,084 $306,100 $136,300 $169,800
2014 $7,870 $306,100 $136,300 $169,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 22009235

New Jersey MLS

APN: 21-00105-0000-00055