NOT LISTED FOR SALE

16 Edgewood Rd Summit, NJ 07901

Estimated Value: $3,662,000 - $4,193,000

6 Beds
4.5 Baths
6,181 Sq Ft
$621/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $2,330,000 $377 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $24,663/month

154 Days on Market

Highlights

  • Carriage House
  • Dining Room with Fireplace
  • Marble Flooring
  • L C Johnson Summit Middle School Rated A+
  • Recreation Room
  • Solarium

About This Home

As of June 2021

A rare opportunity to own this stately Northside Summit home. Proximity (0.6 miles) to Summit train station, blocks to town and the coveted Lincoln-Hubbard Elementary School. This home boasts meticulous attention to detail and craftsmanship, extensive original Chestnut woodwork, custom cabinetry, leaded glass windows, six fireplaces and hardwood floors throughout. The Governor style half-circle driveway leads you to this timeless home of distinction that RARELY comes along! A two-story detached-carriage house with an apartment above a 2-car heated garage provides endless opportunities.

Last Agent to Sell the Property

LINDA PECK

PROMINENT PROPERTIES SIR Listed on: 11/09/2020

Co-Listed By

ALLISON B LEES

PROMINENT PROPERTIES SIR

Last Buyer's Agent

IRENE LOSCHERT

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,554

Year Built

  • Built in 1903

Lot Details

  • 0.65 Acre Lot
  • Level Lot
  • Open Lot
  • Sprinkler System

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Inside Entrance
  • Circular Driveway
  • Paver Block

Home Design

  • Carriage House
  • Colonial Architecture
  • Wood Shingle Roof
  • Tile

Interior Spaces

  • 6,181 Sq Ft Home
  • High Ceiling
  • Wood Burning Fireplace
  • Gas Fireplace
  • Thermal Windows
  • Shades
  • Entrance Foyer
  • Family Room with Fireplace
  • Family Room with entrance to outdoor space
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 6 Fireplaces
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Solarium
  • Storage Room
  • Utility Room
  • Home Gym
  • Attic Fan

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • <<selfCleaningOvenToken>>
  • Recirculated Exhaust Fan
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Walk-In Closet
  • Powder Room
  • In-Law or Guest Suite
  • Bidet
  • Soaking Tub
  • Steam Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Partial Basement
  • Front Basement Entry
  • Sump Pump
  • French Drain
  • Crawl Space

Home Security

  • Storm Windows
  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Enclosed patio or porch

Schools

  • Lincoln-Hubbard Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Radiator
  • Radiant Heating System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-03402-0000-00014-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,554

Year Built

Built in 1903

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1903
  • Year Built Description: Approximate
  • County Name: Union
  • Possible Other Uses: Home-Office
  • Street Number Display: 16
  • Directions: Springfield Ave. to Edgewood Rd.
  • I D: 5022060
  • Modified: 2022-06-19
  • Number Images: 25
  • Section Subdiv Development: Northside
  • First Name: LINDA
  • First Name2: ALLISON B
  • First Name3: IRENE
  • First Name4: ALLISON B
  • Last Name: PECK
  • Last Name2: LEES
  • Last Name3: LOSCHERT
  • Last Name4: LEES
  • Office Phone: 908-377-8036
  • Office Phone2: 250627
  • Office Phone4: 250627
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Marble, Tile, Wood
  • Fireplace Description: Bedroom 1, Dining Room, Family Room, Gas Fireplace, Living Room, Wood Burning
  • Number of Fireplaces: 6
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Disposal, Dryer, Kitchen Exhaust Fan, Refrigerator, Self Cleaning Oven, Sump Pump, OvnWElec, Washer
  • Interior Amenities: Bidet, Carbon Monoxide Detector, Cedar Closets, Fire Alarm Sys, High Ceilings, Security System, Shades, Smoke Detector, SoakTub, StallShw, Steam, Walk-In Closet
  • Number Rooms: 16
  • Bedrooms: 6
  • Master Bedroom Desc: 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: Bidet, Soaking Tub, Stall Shower
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Crawl Space, Finished-Partially, French Drain, Partial
  • Basement Level Rooms: Exercise Room, Inside Entrance, Laundry Room, Rec Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • In Law Suite: Yes
  • In Law Suite Description: FamilyRm, Full Bath, SepEnter
  • Kitchen Area: Center Island, Eat-In Kitchen, Pantry, Separate Dining Area
  • Kitchen Dim: 23x18
  • Kitchen Level: First
  • Living Room Dim: 22x16
  • Living Room Level: First
  • Other Room 1: Office
  • Other Room1 Dim: 14x11
  • Other Room1 Level: First
  • Other Room 2: Bedroom
  • Other Room2 Dim: 16x9
  • Other Room2 Level: Third
  • Other Room 3: Bedroom
  • Other Room3 Dim: 15x13
  • Other Room3 Level: Third
  • Other Room 4: Rec Room
  • Other Room4 Dim: 16x14
  • Other Room4 Level: Basement
  • Level 1 Rooms: Dining Room, Entrance Vestibule, Family Room, Foyer, Kitchen, Living Room, Office, OutEntrn, Pantry, Powder Room, Solarium, Walkout
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, Laundry Room, Office
  • Level 3 Rooms: 2 Bedrooms, Bath Main, Office
  • Estimated Sq Ft: 6181
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Stucco
  • Exterior Features: Carriage House, Curbs, Enclosed Porch(es), Patio, Storm Door(s), Storm Window(s), Thermal Windows/Doors, Underground Lawn Sprinkler
  • Roof Description: Wood Shingle

Garage/Parking

  • Garage Description: Detached Garage, Oversize Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 6
  • Parking Driveway Description: 2 Car Width, Blacktop, Circular, Driveway-Exclusive, Hard Surface, Paver Block

Utilities

  • Cooling: 4 Units, Attic Fan, Central Air, Multi-Zone Cooling
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Hotwater, Multi-Zone, Radiant - Hot Water, Radiators - Hot Water
  • Sewer: Public Sewer, Sewer Charge Extra
  • Utilities: Electric, Gas In Street, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: Lincoln-Hubbard
  • Middle School: Summit MS
  • High School: Summit HS
  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 128X221
  • Assessed Improvement Value: 432500
  • Assessed Land Value: 474700
  • Assessment: 907200
  • Lot Description: Level Lot, Open Lot
  • Lot Identifier: 14
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.65
  • Zoning: Residential

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 39554
  • Assessor Parcel Number: 2918-03402-0000-00014-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.360
  • Tax Rate Year: 2020
  • Tax Year: 2020

MLS Schools

  • Grade School: Lincoln-Hubbard

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
Seller's Agent
LINDA PECK
PROMINENT PROPERTIES SIR
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
$3,840,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,510,581
Avg. Annual Appreciation
12.49%
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:

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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
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 Change Sq Ft Price
06/18/2021 06/18/21 Sold $2,330,000 -6.6% $377 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
03/10/2021 03/10/21 Price Changed $2,495,000 -10.9% $404 / Sq Ft
11/09/2020 11/09/20 For Sale $2,800,000 -- $453 / 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
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

  • L

    Seller's Agent in 2021

    LINDA PECK

    PROMINENT PROPERTIES SIR

  • 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

This home is located at 16 Edgewood Rd, Summit, NJ 07901 since 09 November 2020 and is currently estimated at $3,840,581, approximately $621 per square foot. 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.

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