NOT LISTED FOR SALE

161 Summit Rd Florham Park, NJ 07932

Estimated Value: $3,262,741 - $3,821,000

5 Beds
6 Baths
10,000 Sq Ft
$353/Sq Ft Est. Value

Last Sold May 22, 2024

Last sale price $2,980,000 $298 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $21,980/month

18 Days on Market

About This Home

As of May 2024

This home is located at 161 Summit Rd, Florham Park, NJ 07932 since 11 March 2024 and is currently estimated at $3,531,580, approximately $353 per square foot. This property was built in 2015. 161 Summit Rd is a home located in Morris County with nearby schools including Briarwood Elementary School, Brooklake Elementary School, and Ridgedale Middle School.

Last Agent to Sell the Property

VALARIE ELLIS-FRIEDMAN

RE/MAX ACHIEVERS Brokerage Phone: 973-701-1200 Listed on: 03/11/2024

RE/MAX ACHIEVERS

Last Buyer's Agent

JILL MARDER-BIRNBERG

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2015

Lot Details

  • 1.22 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Year Built: 2015
  • County Name: Morris
  • I D: 5274747
  • Attribution Contact: 973-701-1200
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 5.20

Lot Info

  • Lot Size: 1.223 ACRES
  • Total Acres: 1.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2024
Closed on
May 21, 2024
Sold by
Waterman Stacey J
Bought by
Vachal Jacob
Seller's Agent
VALARIE ELLIS-FRIEDMAN
RE/MAX ACHIEVERS
Buyer's Agent
JILL MARDER-BIRNBERG
PROMINENT PROPERTIES SIR
List Price
$3,100,000
Sold Price
$2,980,000
Premium/Discount to List
-$120,000
-3.87%
Views
53
Current Estimated Value
$3,560,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$580,155
Avg. Annual Appreciation
10.98%
Original Mortgage
$2,384,000
Outstanding Balance
$2,348,080
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$1,183,500

Purchase Details

Closed on
Jul 3, 2019
Sold by
Waterman Paul and Waterman Stacey J
Bought by
Waterman Stacey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,331,400
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 10, 2015
Sold by
R N J Contracting Llc
Bought by
Waterman L Paul and Waterman Stacey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Vachal Jacob $2,980,000 Chicago Title
Waterman Stacey J -- None Available
Waterman L Paul $2,469,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vachal Jacob $2,384,000
Previous Owner Waterman Stacey J $1,331,400
Previous Owner Waterman L Paul $1,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2024 05/22/24 Sold $2,980,000 -3.9% $298 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
03/11/2024 03/11/24 For Sale $3,100,000 -- $310 / 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 $40,368 $2,485,700 $622,300 $1,863,400
2024 $39,721 $2,485,700 $622,300 $1,863,400
Source: Public Records

Agents Affiliated with this Home

  • VALARIE ELLIS-FRIEDMAN

    Seller's Agent in 2024

    VALARIE ELLIS-FRIEDMAN

    RE/MAX

    (973) 610-3855

    6 in this area

    63 Total Sales

    VALARIE ELLIS-FRIEDMAN
    Section Image

  • J

    Buyer's Agent in 2024

    JILL MARDER-BIRNBERG

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3890257

Garden State MLS

APN: 11-02101-0000-00028-02

New Jersey Morris County Florham Park 07932

161 Summit Rd, Florham Park, NJ

Not Listed for Sale

Detached

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