NOT LISTED FOR SALE

16 Edgewood Rd Summit, NJ 07901

Estimated Value: $3,584,200 - $4,224,000

6 Beds
5 Baths
-- Sq Ft
0.65 Acres

Last Sold June 18, 2021

Last sale price $2,330,000

Est. 69% increase in value since last sale

Current estimated payment $24,087/month

154 Days on Market

About This Home

As of June 2021

This home is located at 16 Edgewood Rd, Summit, NJ 07901 since 09 November 2020 and is currently estimated at $3,945,733. This property was built in 1903. 16 Edgewood Rd 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.

Co-Listed By

ALLISON B LEES

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808

Last Buyer's Agent

IRENE LOSCHERT

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1903

Lot Details

  • 0.65 Acre Lot

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Year Built: 1903
  • County Name: Union
  • I D: 5022060
  • Attribution Contact: 908-273-8808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Bathrooms: 4.10

Lot Info

  • Lot Size: 128X221
  • Total Acres: 0.65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2020
Closed on
Jun 13, 2021
Sold by
Leonhard Mark R and Leonhard Kelle
Bought by
Newman Brett David and Newman Amanda Michele
Buyer's Agent
IRENE LOSCHERT
PROMINENT PROPERTIES SIR
List Price
$2,800,000
Sold Price
$2,330,000
Premium/Discount to List
-$470,000
-16.79%
Current Estimated Value
$3,945,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,615,733
Avg. Annual Appreciation
12.25%
Original Mortgage
$1,747,500
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 1992
Bought by
Leonhard Mark R and Leonhard Kelle
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Newman Brett David $2,330,000 Cortes And Hay Ttl Agcy Inc
Newman Brett David $2,330,000 Old Republic Title
Leonhard Mark R $1,180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newman Brett David $1,747,500
Previous Owner Newman Brett David $1,747,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2021 06/18/21 Sold $2,330,000 -6.6% --
04/12/2021 04/12/21 Pending -- -- --
03/10/2021 03/10/21 Price Changed $2,495,000 -10.9% --
11/09/2020 11/09/20 For Sale $2,800,000 -- --
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
2025 $41,696 $957,200 $474,700 $482,500
2024 $41,418 $957,200 $474,700 $482,500
2023 $41,418 $957,200 $474,700 $482,500
2022 $40,997 $957,200 $474,700 $482,500
2021 $39,164 $907,200 $474,700 $432,500
2020 $39,554 $907,200 $474,700 $432,500
2019 $39,599 $907,200 $474,700 $432,500
2018 $39,345 $907,200 $474,700 $432,500
2017 $39,599 $907,200 $474,700 $432,500
2016 $39,019 $907,200 $474,700 $432,500
2015 $38,257 $907,200 $474,700 $432,500
2014 $37,268 $907,200 $474,700 $432,500
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller Co-Listing Agent in 2021

    ALLISON B LEES

    PROMINENT PROPERTIES SIR

  • I

    Buyer's Agent in 2021

    IRENE LOSCHERT

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3677321

Garden State MLS

APN: 18-03402-0000-00014

New Jersey Union County Summit 07901

16 Edgewood Rd, Summit, NJ

Not Listed for Sale

Detached

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