NOT LISTED FOR SALE

161 Summit Ave Montclair, NJ 07043

Estimated Value: $1,319,000 - $1,756,000

8 Beds
2 Baths
2,714 Sq Ft
$564/Sq Ft Est. Value

Last Sold August 02, 2024

Last sale price $1,265,000 $466 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $10,069/month

14 Days on Market

About This Home

As of August 2024

This home is located at 161 Summit Ave, Montclair, NJ 07043 since 12 June 2024 and is currently estimated at $1,530,635, approximately $563 per square foot. 161 Summit Ave is a home located in Essex County with nearby schools including Bradford School, Hillside School, and Nishuane School.

Last Agent to Sell the Property

MARY THERESE BAIRD

BROWN HARRIS STEVENS NEW JERSEY Brokerage Phone: 973-744-6033 Listed on: 06/12/2024

Last Buyer's Agent

Erin Crawford

KELLER WILLIAMS - NJ METRO GROUP

KELLER WILLIAMS - NJ METRO GROUP

Home Details

Home Type

  • Single Family

Lot Details

  • 0.29 Acre Lot

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • County Name: Essex
  • I D: 5292146
  • Attribution Contact: 973-744-6033
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 8
  • Bathrooms: 1.10

Lot Info

  • Lot Size: 65X196
  • Total Acres: 0.29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Aug 1, 2024
Sold by
Donald R Rasmusson Family Trust and Rasmusson Donald Raymond
Bought by
Honcharuk Ian and Sanders Katrina
Seller's Agent
MARY THERESE BAIRD
BROWN HARRIS STEVENS NEW JERSEY
Buyer's Agent
Erin Crawford
KELLER WILLIAMS - NJ METRO GROUP
List Price
$1,200,000
Sold Price
$1,265,000
Premium/Discount to List
$65,000
5.42%
Views
39
Current Estimated Value
$1,530,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,635
Avg. Annual Appreciation
14.37%
Original Mortgage
$610,000
Outstanding Balance
$603,124
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$927,511

Purchase Details

Closed on
Feb 11, 2017
Sold by
Rasmusson Donald R
Bought by
Donald R Rasmusson Sr Family Trust and Rasmusson Donald Raymond

Purchase Details

Closed on
Nov 18, 2004
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Honcharuk Ian $1,265,000 Ridge Title
Donald R Rasmusson Sr Family Trust -- None Available
-- $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Honcharuk Ian $610,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2024 08/02/24 Sold $1,265,000 +5.4% $466 / Sq Ft
06/28/2024 06/28/24 Pending -- -- --
06/14/2024 06/14/24 For Sale $1,200,000 -- $442 / 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
2025 $24,877 $743,400 $389,000 $354,400
2024 $24,877 $743,400 $389,000 $354,400
2022 $24,193 $743,400 $389,000 $354,400
2021 $23,769 $743,400 $389,000 $354,400
2020 $23,383 $743,400 $389,000 $354,400
2019 $23,137 $743,400 $389,000 $354,400
2018 $22,751 $743,400 $389,000 $354,400
2017 $23,181 $627,500 $391,600 $235,900
2016 $22,553 $627,500 $391,600 $235,900
2015 $21,876 $627,500 $391,600 $235,900
2014 $21,135 $627,500 $391,600 $235,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    MARY THERESE BAIRD

    BROWN HARRIS STEVENS NEW JERSEY

  • Erin Crawford

    Buyer's Agent in 2024

    Erin Crawford

    KELLER WILLIAMS - NJ METRO GROUP

    (973) 783-7400

    76 in this area

    117 Total Sales

    Erin Crawford
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3907249

Garden State MLS

APN: 13-02606-0000-00016

New Jersey Essex County Montclair 07043

161 Summit Ave, Montclair, NJ

Not Listed for Sale

Detached

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