$1,368,000
SOLD NOV 6, 2025

16 Edison Dr Summit, NJ 07901

4 Beds
4 Baths
-- Sq Ft
5,663 Sq Ft Lot

Recently Sold

1% Below List Price

10 Days on Market

Highlights

  • Cathedral Ceiling
  • Fireplace
  • Bosch Dishwasher
  • L C Johnson Summit Middle School Rated A+
  • Laundry Room

About This Home

As of November 2025

This home is located at 16 Edison Dr, Summit, NJ 07901 and is currently priced at $1,368,000. This property was built in 1949. 16 Edison Dr is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and St James The Apostle School.

Last Agent to Sell the Property

ARLENE GORMAN GONNELLA

WEICHERT REALTORS Brokerage Phone: 973-376-4545 Listed on: 09/12/2025

Last Buyer's Agent

SHERILL LACY

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1949

Lot Details

  • 5,663 Sq Ft Lot

Interior Spaces

  • Cathedral Ceiling
  • Fireplace
  • Bosch Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Year Built: 1949
  • County Name: Union
  • I D: 5384585
  • Attribution Contact: 973-376-4545
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 4.00

Lot Info

  • Lot Size: .126
  • Total Acres: 0.13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2025
Closed on
Nov 6, 2025
Sold by
Roosevelt Jon Zhao and Zhao Yuan
Bought by
Gould Rebecca and Marro Eric
Seller's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
Buyer's Agent
SHERILL LACY
PROMINENT PROPERTIES SIR
List Price
$1,388,000
Sold Price
$1,368,000
Premium/Discount to List
-$20,000
-1.44%
Views
90

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.37%
Original Mortgage
$1,094,400
Outstanding Balance
$1,094,400
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$274,315

Purchase Details

Listed on
Jul 17, 2023
Closed on
Sep 29, 2023
Sold by
16 Edison Drive Llc
Bought by
Yuan Thao and Wan Thou Wan
Seller's Agent
JORGE CASALINS
REAL
Buyer's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
List Price
$1,199,900
Sold Price
$1,199,900
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.41%
Original Mortgage
$899,900
Interest Rate
9.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2022
Sold by
Sheriff Of The County Of Union
Bought by
16 Edison Drive Llc
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 Type Sale Price Title Company
Bargain Sale Deed $1,368,000 Acres Land Title
Deed $1,199,900 Fidelity National Title
Deed $1,199,900 Fidelity National Title
Sheriffs Deed $440,000 None Listed On Document
Sheriffs Deed $440,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,094,400 New Conventional
Previous Owner $899,900 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/06/2025 11/06/25 Sold $1,368,000 -1.4% --
09/22/2025 09/22/25 Pending -- -- --
09/12/2025 09/12/25 For Sale $1,388,000 +15.7% --
09/29/2023 09/29/23 Sold $1,199,900 0.0% -- View Prior Sale
07/27/2023 07/27/23 Pending -- -- --
07/17/2023 07/17/23 For Sale $1,199,900 -- --
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 $18,208 $418,000 $89,500 $328,500
2024 $7,178 $418,000 $89,500 $328,500
2023 $7,178 $165,900 $89,500 $76,400
2022 $7,106 $165,900 $89,500 $76,400
2021 $7,162 $165,900 $89,500 $76,400
2020 $7,233 $165,900 $89,500 $76,400
2019 $7,242 $165,900 $89,500 $76,400
2018 $7,195 $165,900 $89,500 $76,400
2017 $7,242 $165,900 $89,500 $76,400
2016 $7,135 $165,900 $89,500 $76,400
2015 $6,496 $165,900 $89,500 $76,400
2014 $6,315 $165,900 $89,500 $76,400
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2025

    ARLENE GORMAN GONNELLA

    WEICHERT REALTORS

  • S

    Buyer's Agent in 2025

    SHERILL LACY

    PROMINENT PROPERTIES SIR

  • J

    Seller's Agent in 2023

    JORGE CASALINS

    REAL

See All Agents

Map

Source: Garden State MLS

MLS Number: 3986610

Garden State MLS

APN: 18-03910-0000-00023

New Jersey Union County Summit 07901

16 Edison Dr, Summit, NJ

Sold

Detached

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