NOT LISTED FOR SALE

124 Hobart Ave Summit, NJ 07901

Estimated Value: $4,591,000 - $5,349,000

-- Bed
-- Bath
5,969 Sq Ft
$843/Sq Ft Est. Value

About This Home

This home is located at 124 Hobart Ave, Summit, NJ 07901 and is currently estimated at $5,031,218, approximately $842 per square foot. 124 Hobart Ave is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Kent Place School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2011
Sold by
Tamagni John S
Bought by
Cagnassola Michael A and Cagnassola Susan E
Current Estimated Value
$5,031,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,475,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 29, 1998
Sold by
Sabo John C and Sabo Linda
Bought by
Tamagni John S and Tamagni Jeannette B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.62%
Source: Public Records

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
Cagnassola Michael A $3,300,000 Stewart Title & Guaranty Co
Tamagni John S $2,270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cagnassola Michael A $2,475,000
Previous Owner Tamagni John S $1,000,000
Source: Public Records

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 $65,340 $1,500,000 $601,000 $899,000
2024 $70,725 $1,500,000 $601,000 $899,000
2023 $70,725 $1,634,500 $601,000 $1,033,500
2022 $70,006 $1,634,500 $601,000 $1,033,500
2021 $70,561 $1,634,500 $601,000 $1,033,500
2020 $71,264 $1,634,500 $601,000 $1,033,500
2019 $71,346 $1,634,500 $601,000 $1,033,500
2018 $70,888 $1,634,500 $601,000 $1,033,500
2017 $71,346 $1,634,500 $601,000 $1,033,500
2016 $70,300 $1,634,500 $601,000 $1,033,500
2015 $68,927 $1,634,500 $601,000 $1,033,500
2014 $67,145 $1,634,500 $601,000 $1,033,500
Source: Public Records

Map

New Jersey Union County Summit 07901

124 Hobart Ave, Summit, NJ

This home is located at 124 Hobart Ave, Summit, NJ 07901 and is currently estimated at $5,031,218, approximately $842 per square foot. 124 Hobart Ave is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Kent Place School.

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