NOT LISTED FOR SALE

125 Prospect St Summit, NJ 07901

Estimated Value: $2,256,000 - $3,322,000

5 Beds
4.5 Baths
4,300 Sq Ft
$641/Sq Ft Est. Value

Last Sold August 23, 2018

Last sale price $1,660,000 $386 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $17,692/month

41 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Wood Flooring
  • L C Johnson Summit Middle School Rated A+
  • Family Room with Fireplace
  • Jetted Tub in Primary Bathroom

About This Home

As of August 2018

Location, Location ,Location. Classic, spacious center hall colonial on a 1/2 acre lot in a prime sought after Summit street close to local schools, town and transportation. Grand rooms flow seamlessly in an open floor plan, high ceilings, two staircases, front to back and a kitchen and breakfast room which leads to the family room both having access to rear patio. Enjoy entertaining in the formal dining room or relaxing in the the formal living room or just chilling on the outside deck. Upstairs hosts 5 spacious bedrooms and 4 bathrooms and an expansive library. Master bedroom has soaking tub and dressing room. The expansive and unfinished lower level is prime for renovations with ample basement and attic storage.

Last Agent to Sell the Property

DOREEN HALL

COLDWELL BANKER REALTY Listed on: 06/01/2018

Co-Listed By

ANNE BANGS

COLDWELL BANKER REALTY

Last Buyer's Agent

ANNE BANGS

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,777

Year Built

  • Built in 1993

Lot Details

  • 0.5 Acre Lot
  • Property is zoned Residentail

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Paver Block

Home Design

  • Colonial Architecture
  • Wood Siding
  • Tile

Interior Spaces

  • Sound System
  • Drapes & Rods
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Library
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Front Basement Entry
  • Sump Pump

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio
  • Porch

Schools

  • Franklin Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-02802-0000-00017-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,777

Year Built

Built in 1993

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1993
  • Year Built Description: Approximate
  • County Name: Union
  • Directions: Springfield ave to Pine grove ave to prospect street
  • I D: 4808238
  • First Name: DOREEN
  • First Name2: ANNE
  • First Name3: ANNE
  • Last Name: HALL
  • Last Name2: BANGS
  • Last Name3: BANGS
  • Office Phone: 973-376-5200
  • Office Phone2: 973-376-8912
  • Office Phone3: 973-376-8912
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Bedroom 1, Family Room
  • Number of Fireplaces: 3
  • Appliances: Carbon Monoxide Detector, Refrigerator, Washer, Dishwasher, Microwave Oven, Sump Pump
  • Interior Amenities: SoakTub, Drapes, JacuzTyp, StallShw, Walk-In Closet, StallTub, Blinds, Fire Extinguisher, Carbon Monoxide Detector, Stereo System, Smoke Detector
  • Bedrooms: 5
  • Master Bedroom Desc: 1st Floor, Dressing Room, Fireplace, Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower, Jetted Tub
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Walkout, Full, Unfinished
  • Basement Level Rooms: Walkout
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Center Island, Pantry, Eat-In Kitchen
  • Kitchen Dim: 27x21
  • Kitchen Level: First
  • Living Room Dim: 19x17
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 16x22
  • Other Room1 Level: Second
  • Other Room 2: Library
  • Other Room2 Dim: 10x13
  • Other Room2 Level: Second
  • Other Room 3: MudRoom
  • Other Room3 Dim: 7x7
  • Other Room3 Level: First
  • Other Room 4: Laundry Room
  • Other Room4 Dim: 9x12
  • Other Room4 Level: First
  • Level 1 Rooms: Breakfast Room, Laundry Room, MudRoom, Foyer, Walkout, OutEntrn, GarEnter, Living Room, Dining Room, Entrance Vestibule, Powder Room, Family Room, Kitchen
  • Level 2 Rooms: Library, 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Phone: 973-376-5200

Exterior Features

  • Exterior Description: Wood
  • Exterior Features: Patio, Open Porch(es), Deck
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 1 Car Width, Paver Block

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • 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: 118X183
  • Easement: Unknown
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.50
  • Zoning: Residentail

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 42777
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-02802-0000-00017-0000-
  • Tax Rate Amount: 4.365
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2017

MLS Schools

  • Grade School: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2018
Closed on
Aug 22, 2018
Sold by
Murray Robert J and The Sharon V Roling Living Tru
Bought by
Mi Xiaofeng and Zhang Ying
Seller's Agent
DOREEN HALL
COLDWELL BANKER REALTY
Buyer's Agent
ANNE BANGS
COLDWELL BANKER REALTY
List Price
$1,800,000
Sold Price
$1,660,000
Premium/Discount to List
-$140,000
-7.78%
Current Estimated Value
$2,893,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,233,400
Avg. Annual Appreciation
7.14%
Original Mortgage
$800,000,100
Outstanding Balance
$672,259,179
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
-$669,502,925

Purchase Details

Closed on
Oct 2, 2017
Sold by
Roling Sharon V
Bought by
The Sharon V Roling Living Trust

Purchase Details

Closed on
Sep 29, 2005
Sold by
Roling Daniel A
Bought by
Roling Sharon

Purchase Details

Closed on
Mar 7, 1994
Sold by
1St London Corp
Bought by
Roling Daniel A and Roling Shron
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Mi Xiaofeng $1,660,000 None Available
The Sharon V Roling Living Trust -- None Available
Roling Sharon -- --
Roling Daniel A $1,025,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mi Xiaofeng $800,000,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2018 08/23/18 Sold $1,660,000 -7.8% $386 / Sq Ft
07/12/2018 07/12/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $1,800,000 -- $419 / 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 $30,928 $710,000 $259,200 $450,800
2024 $30,722 $710,000 $259,200 $450,800
2023 $30,722 $710,000 $259,200 $450,800
2022 $30,409 $710,000 $259,200 $450,800
2021 $30,651 $710,000 $259,200 $450,800
2020 $30,956 $710,000 $259,200 $450,800
2019 $42,777 $980,000 $259,200 $720,800
2018 $42,503 $980,000 $259,200 $720,800
2017 $42,777 $980,000 $259,200 $720,800
2016 $42,150 $980,000 $259,200 $720,800
2015 $41,327 $980,000 $259,200 $720,800
2014 $40,258 $980,000 $259,200 $720,800
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    DOREEN HALL

    COLDWELL BANKER REALTY

  • A

    Seller Co-Listing Agent in 2018

    ANNE BANGS

    COLDWELL BANKER REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3475435

Garden State MLS

APN: 18-02802-0000-00017

New Jersey Union County Summit 07901

125 Prospect St, Summit, NJ

Not Listed for Sale

Detached

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