120 Prospect St Summit, NJ 07901
Estimated Value: $2,081,000 - $2,622,000
5
Beds
5
Baths
3,408
Sq Ft
$698/Sq Ft
Est. Value
About This Home
This home is located at 120 Prospect St, Summit, NJ 07901 and is currently estimated at $2,377,731, approximately $697 per square foot. 120 Prospect St 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.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 26, 2011
Sold by
Giordano Thomas F and Giordano Cherese
Bought by
Warner Cherese H Grant
Current Estimated Value
Purchase Details
Closed on
Jul 23, 2001
Sold by
Wiggill Alric and Wiggill Susan
Bought by
Giordano Thomas F and Giordano Cherese
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
6.99%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Jul 28, 1995
Sold by
Central Presbyterian Church Summit Nj
Bought by
Wiggill Alric G and Wiggill Susan C
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Warner Cherese H Grant | -- | None Available | |
| Giordano Thomas F | $1,200,000 | -- | |
| Wiggill Alric G | $699,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Giordano Thomas F | $345,000 |
Source: Public Records
Tax History Compared to Growth
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 | $30,479 | $699,700 | $233,400 | $466,300 |
| 2024 | $30,276 | $699,700 | $233,400 | $466,300 |
| 2023 | $30,276 | $699,700 | $233,400 | $466,300 |
| 2022 | $29,968 | $699,700 | $233,400 | $466,300 |
| 2021 | $30,206 | $699,700 | $233,400 | $466,300 |
| 2020 | $30,507 | $699,700 | $233,400 | $466,300 |
| 2019 | $30,511 | $699,000 | $233,400 | $465,600 |
| 2018 | $30,316 | $699,000 | $233,400 | $465,600 |
| 2017 | $30,511 | $699,000 | $233,400 | $465,600 |
| 2016 | $29,647 | $689,300 | $233,400 | $455,900 |
| 2015 | $29,068 | $689,300 | $233,400 | $455,900 |
| 2014 | $28,316 | $689,300 | $233,400 | $455,900 |
Source: Public Records
Map
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