NOT LISTED FOR SALE

161 Broad St Summit, NJ 07901

Estimated Value: $365,000 - $493,000

3 Beds
1 Bath
832 Sq Ft
$510/Sq Ft Est. Value

Last Sold February 01, 2024

Last sale price $380,000 $457 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,738/month

38 Days on Market

About This Home

As of February 2024

This home is located at 161 Broad St, Summit, NJ 07901 since 25 August 2023 and is currently estimated at $424,667, approximately $510 per square foot. This property was built in 1913. 161 Broad St 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.

Last Listed By

RALPH VELEZ

QUEENS REALTY Brokerage Phone: 973-302-7264 Listed on: 08/25/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,591

Year Built

  • Built in 1913

Lot Details

  • 1,742 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,591

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Year Built: 1913
  • County Name: Union
  • Street Number Display: 161
  • I D: 5241805
  • Modified: 2025-02-02
  • Number Images: 1
  • Attribution Contact: 973-302-7264
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 1.00

Lot Info

  • Lot Size: .043
  • Total Acres: 0.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Jan 31, 2024
Sold by
Gonzalez Efrain R
Bought by
Summit Properties Investment Llc
Seller's Agent
RALPH VELEZ
QUEENS REALTY
Buyer's Agent
ISMENIA M. MENDES
KELLER WILLIAMS MID-TOWN DIRECT
List Price
$414,900
Sold Price
$380,000
Premium/Discount to List
-$34,900
-8.41%
Total Days on Market
38
Views
169
Current Estimated Value
$424,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,667
Avg. Annual Appreciation
1.23%
Original Mortgage
$1,282,500
Outstanding Balance
$1,270,844
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
-$884,887

Purchase Details

Closed on
May 19, 2010
Sold by
Hueston Margery O
Bought by
Gonzalez Efrain R

Purchase Details

Closed on
Nov 5, 2009
Sold by
Hueston Margery O and Johnson Lawton C
Bought by
Hueston Margery O

Range of Values:

Collateral Analytics

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ICE

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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
Summit Properties Investment Llc $380,000 Ridge Title
Gonzalez Efrain R $111,700 None Available
Hueston Margery O -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Summit Properties Investment Llc $1,282,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2024 02/01/24 Sold $380,000 -8.4% $457 / Sq Ft
10/02/2023 10/02/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $414,900 -- $499 / 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 $4,591 $106,100 $44,400 $61,700
2023 $4,591 $106,100 $44,400 $61,700
2022 $4,544 $106,100 $44,400 $61,700
2021 $4,580 $106,100 $44,400 $61,700
2020 $4,626 $106,100 $44,400 $61,700
2019 $4,631 $106,100 $44,400 $61,700
2018 $4,602 $106,100 $44,400 $61,700
2017 $4,631 $106,100 $44,400 $61,700
2016 $4,563 $106,100 $44,400 $61,700
2015 $4,474 $106,100 $44,400 $61,700
2014 $4,359 $106,100 $44,400 $61,700
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    RALPH VELEZ

    QUEENS REALTY

  • I

    Buyer's Agent in 2024

    ISMENIA M. MENDES

    KELLER WILLIAMS MID-TOWN DIRECT

See All Agents

Map

Source: Garden State MLS

MLS Number: 3862035

Garden State MLS

APN: 18-04005-0000-00027

New Jersey Union County Summit 07901

161 Broad St, Summit, NJ

Homes for Sale in Summit, NJ

This home is located at 161 Broad St, Summit, NJ 07901 since 25 August 2023 and is currently estimated at $424,667, approximately $510 per square foot. This property was built in 1913. 161 Broad St 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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