NOT LISTED FOR SALE

13 Lorraine Place Summit, NJ 07901

Estimated Value: $2,274,000 - $2,517,000

3 Beds
4 Baths
-- Sq Ft
0.35 Acres

Last Sold April 10, 2013

Last sale price $1,310,000

Est. 84% increase in value since last sale

Current estimated payment $15,883/month

About This Home

As of April 2013

This home is located at 13 Lorraine Place, Summit, NJ 07901 since 10 April 2013 and is currently estimated at $2,409,043. This property was built in 1848. 13 Lorraine Place 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.

Susan Oldendorp

COMPASS NEW JERSEY, LLC Brokerage Phone: 908-273-2991 Listed on: 04/10/2013

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,320

Year Built

  • 1848

Lot Details

  • 0.35 Acre Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,320

Year Built

1848

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 13
  • I D: 4288688
  • Modified: 2021-09-23
  • Number Images: 0
  • Attribution Contact: 908-273-2991
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built (Public Record): 1848

Interior Features

  • Bedrooms: 3
  • Bathrooms: 3.10

Lot Info

  • Lot Size: 96X161
  • Total Acres: 0.35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2013
Closed on
Mar 29, 2013
Sold by
Burton David H and Burton Elizabeth A
Bought by
Gale Michael Jeffrey and Pittle-Gale Karin
Buyer's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
Sold Price
$1,310,000
Total Days on Market
0
Current Estimated Value
$2,409,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,099,043
Avg. Annual Appreciation
4.17%
Original Mortgage
$910,000
Outstanding Balance
$644,864
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,508,508

Purchase Details

Closed on
Jan 11, 2000
Sold by
Bowyer Gordon L and Bowyer Carolyn M
Bought by
Burton David H and Burton Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
8.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gale Michael Jeffrey $1,310,000 Chicago Title Insurance Co
Burton David H $951,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gale Michael Jeffrey $475,000
Closed Gale Michael Jeffery $170,500
Open Gale Michael Jeffrey $910,000
Previous Owner Burton David H $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2013 04/10/13 Sold $1,310,000 -- --
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
2024 $28,320 $654,500 $230,500 $424,000
2023 $28,320 $654,500 $230,500 $424,000
2022 $28,032 $654,500 $230,500 $424,000
2021 $28,255 $654,500 $230,500 $424,000
2020 $28,536 $654,500 $230,500 $424,000
2019 $28,569 $654,500 $230,500 $424,000
2018 $28,386 $654,500 $230,500 $424,000
2017 $28,569 $654,500 $230,500 $424,000
2016 $28,150 $654,500 $230,500 $424,000
2015 $27,600 $654,500 $230,500 $424,000
2014 $26,887 $654,500 $230,500 $424,000
Source: Public Records

Agents Affiliated with this Home

  • Susan Oldendorp

    Buyer's Agent in 2013

    Susan Oldendorp

    COMPASS NEW JERSEY, LLC

    (201) 400-8714

    50 in this area

    514 Total Sales

    Susan Oldendorp
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 2992711

Garden State MLS

APN: 18-01203-0000-00038

New Jersey Union County Summit 07901

13 Lorraine Place, Summit, NJ

This home is located at 13 Lorraine Place, Summit, NJ 07901 since 10 April 2013 and is currently estimated at $2,409,043. This property was built in 1848. 13 Lorraine Place 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes