NOT LISTED FOR SALE

16 Summit Ave Chatham, NJ 07928

Estimated Value: $763,000 - $1,143,866

4 Beds
2 Baths
1,870 Sq Ft
$463/Sq Ft Est. Value

Last Sold February 11, 2025

Last sale price $770,000 $412 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,628/month

63 Days on Market

About This Home

As of February 2025

This home is located at 16 Summit Ave, Chatham, NJ 07928 since 12 October 2024 and is currently estimated at $866,717, approximately $463 per square foot. 16 Summit Ave is a home located in Morris County with nearby schools including Chatham High School, St. Patrick School, and ECLC of New Jersey.

Last Agent to Sell the Property

A MICHAEL DEL DUCA

BHHS FOX & ROACH Brokerage Phone: 908-273-0400 Listed on: 10/12/2024

Last Buyer's Agent

ROMESH KAUR SHARIF

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,941

Lot Details

  • 6,534 Sq Ft Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,941

Lot Details

0

Listing Details

  • County Name: Morris
  • Street Number Display: 16
  • I D: 5317987
  • Modified: 2025-02-17
  • Number Images: 1
  • Attribution Contact: 908-273-0400
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 2.00

Lot Info

  • Lot Size: 50X128
  • Total Acres: 0.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2024
Closed on
Jan 31, 2025
Sold by
Schultz Richard C and Schultz Darlene M
Bought by
Bhowmick Rajesh C and Bhowmick Deborah
Seller's Agent
A MICHAEL DEL DUCA
BHHS FOX & ROACH
Buyer's Agent
ROMESH KAUR SHARIF
KELLER WILLIAMS REALTY
List Price
$799,000
Sold Price
$770,000
Premium/Discount to List
-$29,000
-3.63%
Views
255
Current Estimated Value
$866,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,717
Avg. Annual Appreciation
32.54%
Original Mortgage
$616,000
Outstanding Balance
$614,969
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$251,748

Purchase Details

Closed on
May 24, 1999
Sold by
Kozloff John S
Bought by
Schultz Richard C and Schultz Darlene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
6.85%
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
Bhowmick Rajesh C $770,000 Investment Title
Bhowmick Rajesh C $770,000 Investment Title
Schultz Richard C $267,500 Old Republic Natl Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhowmick Rajesh C $616,000
Closed Bhowmick Rajesh C $616,000
Previous Owner Schultz Richard C $170,000
Previous Owner Schultz Darlene M $75,000
Previous Owner Schultz Richard C $214,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2025 02/11/25 Sold $770,000 -3.6% $412 / Sq Ft
12/17/2024 12/17/24 Pending -- -- --
10/15/2024 10/15/24 For Sale $799,000 -- $427 / 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 $9,941 $639,700 $378,900 $260,800
2023 $9,941 $639,700 $378,900 $260,800
2022 $11,382 $532,600 $310,000 $222,600
2021 $11,382 $532,600 $310,000 $222,600
2020 $11,286 $532,600 $310,000 $222,600
2019 $11,206 $532,600 $310,000 $222,600
2018 $10,892 $532,600 $310,000 $222,600
2017 $10,577 $532,600 $310,000 $222,600
2016 $10,300 $532,600 $310,000 $222,600
2015 $10,178 $532,600 $310,000 $222,600
2014 $10,103 $532,600 $310,000 $222,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2025

    A MICHAEL DEL DUCA

    BHHS FOX & ROACH

  • R

    Buyer's Agent in 2025

    ROMESH KAUR SHARIF

    KELLER WILLIAMS REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3929147

Garden State MLS

APN: 04-00123-0000-00025

New Jersey Morris County Chatham 07928

16 Summit Ave, Chatham, NJ

This home is located at 16 Summit Ave, Chatham, NJ 07928 since 12 October 2024 and is currently estimated at $866,717, approximately $463 per square foot. 16 Summit Ave is a home located in Morris County with nearby schools including Chatham High School, St. Patrick School, and ECLC of New Jersey.

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