NOT LISTED FOR SALE

1614 Summit Ave Unit 1 Union City, NJ 07087

Estimated Value: $178,000 - $293,336

2 Beds
1 Bath
970 Sq Ft
$606/mo HOA Fee

Last Sold September 09, 2022

Last sale price $155,000 $160 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,288/month

72 Days on Market

About This Home

As of September 2022

Commercial storefront condo in prime corner location on Summit Avenue surrounded by homes, schools, retail stores and houses of worship. Location has significant potential, with very good vehicle and foot traffic for any entrepreneurial opportunity. Don't miss the chance to own a business location, instead of renting one!

Last Agent to Sell the Property

Christina Majano

REALTY ONE GROUP LEGEND License #1650154 Listed on: 04/13/2022

REALTY ONE GROUP LEGEND

Last Buyer's Agent

MEDHAT HANNA

AMERICAS ELITE GROUP LLC License #0898089

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,097

Lot Details

  • 653

HOA Fees

  • $606 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1 Full Bathroom
  • 970 Sq Ft Home
  • Multi-Level Property

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Community Details

  • Association fees include heat, water, hot water

Listing and Financial Details

  • Exclusions: Personal Items
  • Legal Lot and Block 00020 / 00084
  • Assessor Parcel Number 1933

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,097

Lot Details

0

HOA Fees

$606 per month

Listing Details

  • Class: CONDO-COOP
  • Type: Condominium
  • Building Style: Multi-Level
  • Exclusions: Personal Items
  • Lead Paint Form: Yes
  • Miscellaneous: Near Train, Near Shopping, Near Bus, Near Parks, Near Schools
  • Assessor Parcel Number: 1933
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Number: 1
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Total Rooms: 1
  • Total Number Kitchens: 1
  • Level 1 Full Bathrooms: 1
  • Level1 Number Kitchens: 1
  • Estimated Sq Ft: 970
  • Price Per Sq Ft: 159.79

Exterior Features

  • Exterior Finish: Brick

Utilities

  • Heating/Cooling: A/C Window, Gas

Condo/Co-op/Association

  • Maintenance Fee Includes: Heat, Water, Hot Water

Fee Information

  • Monthly Maintenance Fee: 606

Lot Info

  • Geo Address Line: 1614 Summit Ave
  • Geo Primary City: Union City
  • Geo Quality: 0.95
  • Geo Update Timestamp: 04/13/2022
  • Geo Zoom Level: 16
  • Lot: 00020

Tax Info

  • Taxes: 5097

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2005
Sold by
3-Cat Investment Llc
Bought by
Acevedo Raquel
Current Estimated Value
$248,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Outstanding Balance
$60,934
Interest Rate
5.95%
Mortgage Type
Fannie Mae Freddie Mac
Estimated Equity
$176,168

Purchase Details

Closed on
Jan 23, 2003
Sold by
Cataldo Thomas A
Bought by
3-Cat Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
5.95%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 22, 2003
Sold by
Pinto Joseph and Cicenia Louis
Bought by
Cataldo Thomas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
5.95%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 25, 2002
Sold by
Ingwt Inc
Bought by
Cicenia Louis and Pinto Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
5.95%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Acevedo Raquel $125,000 Accura Title Inc
3-Cat Investment Llc -- Accura Title Inc
Cataldo Thomas A $67,000 Clear Advantage Title Inc
Cicenia Louis $46,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Acevedo Raquel $112,500
Previous Owner 3-Cat Investment Llc $112,500
Previous Owner Cicenia Louis $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2022 09/09/22 Sold $155,000 -8.8% $160 / Sq Ft
06/24/2022 06/24/22 Pending -- -- --
04/13/2022 04/13/22 Price Changed $169,999 -99.9% $175 / Sq Ft
04/13/2022 04/13/22 For Sale $169,999,000 -- $175,257 / Sq Ft
Source: Hudson County 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 $3,975 $235,300 $131,700 $103,600
2024 $4,275 $215,100 $113,500 $101,600
2023 $3,970 $55,600 $18,200 $37,400
2022 $3,970 $55,600 $18,200 $37,400
2021 $3,955 $55,600 $18,200 $37,400
2020 $2,938 $55,600 $18,200 $37,400
2019 $3,808 $55,600 $18,200 $37,400
2018 $3,693 $55,600 $18,200 $37,400
2017 $3,690 $55,600 $18,200 $37,400
2016 $3,831 $55,600 $18,200 $37,400
2015 $3,623 $55,600 $18,200 $37,400
2014 $3,542 $55,600 $18,200 $37,400
Source: Public Records

Agents Affiliated with this Home

  • Christina Majano

    Seller's Agent in 2022

    Christina Majano

    REALTY ONE GROUP LEGEND

    (201) 362-7477

    11 in this area

    21 Total Sales

    Christina Majano
    Section Image

  • M

    Buyer's Agent in 2022

    MEDHAT HANNA

    AMERICAS ELITE GROUP LLC

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Map

Source: Hudson County MLS

MLS Number: 220006413

Hudson County MLS

APN: 10-00084-0000-00020-0000-C0001

New Jersey Hudson County Union City 07087

1614 Summit Ave Unit 1, Union City, NJ

This home is located at 1614 Summit Ave Unit 1, Union City, NJ 07087 since 13 April 2022 and is currently estimated at $248,334, approximately $256 per square foot. 1614 Summit Ave Unit 1 is a home located in Hudson County with nearby schools including Veterans Memorial School, Sara M. Gilmore Academy, and Jose Marti Freshman Academy.

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.

Hudson County MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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