NOT LISTED FOR SALE

165 Oak Ridge Ave Summit, NJ 07901

Estimated Value: $2,028,000 - $2,496,000

5 Beds
4 Baths
-- Sq Ft
0.51 Acres

Last Sold March 27, 2024

Last sale price $2,190,000

Est. 3% increase in value since last sale

Current estimated payment $14,757/month

7 Days on Market

About This Home

As of March 2024

This home is located at 165 Oak Ridge Ave, Summit, NJ 07901 since 15 January 2024 and is currently estimated at $2,260,057. This property was built in 1925. 165 Oak Ridge Ave is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

Last Agent to Sell the Property

JUDITH WATSON

LOIS SCHNEIDER REALTOR Brokerage Phone: 908-277-1398 Listed on: 01/15/2024

Last Buyer's Agent

MARCO FORMOSA

LOIS SCHNEIDER REALTOR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,588

Year Built

  • Built in 1925

Lot Details

  • 0.51 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,588

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Year Built: 1925
  • County Name: Union
  • Street Number Display: 165
  • I D: 5263581
  • Modified: 2025-03-28
  • Number Images: 1
  • Attribution Contact: 908-277-1398
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 3.10

Lot Info

  • Lot Size: .505
  • Total Acres: 0.51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2024
Closed on
Mar 21, 2024
Sold by
Gramigna Edward A and Gramigna Elizabeth W
Bought by
Chibane Zacharia Mohammed and Carmichael Alexandra Paige
Seller's Agent
JUDITH WATSON
LOIS SCHNEIDER REALTOR
Buyer's Agent
MARCO FORMOSA
LOIS SCHNEIDER REALTOR
List Price
$1,925,000
Sold Price
$2,190,000
Premium/Discount to List
$265,000
13.77%
Views
52
Current Estimated Value
$2,260,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,057
Avg. Annual Appreciation
2.34%
Original Mortgage
$1,752,000
Outstanding Balance
$1,729,999
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$533,688

Purchase Details

Closed on
Jun 13, 1997
Sold by
Pfaff Henry C and Pfaff Martha M
Bought by
Gramigna Edward A and Gramigna Elizabeth W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.5%
Source: Public Records

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
Chibane Zacharia Mohammed $2,190,000 Acres Land Title
Chibane Zacharia Mohammed $2,190,000 Acres Land Title
Gramigna Edward A $590,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chibane Zacharia Mohammed $1,752,000
Closed Chibane Zacharia Mohammed $1,752,000
Previous Owner Gramigna Elizabeth W $240,000
Previous Owner Gramigna Edward A $239,246
Previous Owner Gramigna Edward A $375,000
Previous Owner Gramigna Edward A $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2024 03/27/24 Sold $2,190,000 +13.8% --
01/26/2024 01/26/24 Pending -- -- --
01/18/2024 01/18/24 For Sale $1,925,000 -- --
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 $29,588 $683,800 $375,000 $308,800
2023 $29,588 $683,800 $375,000 $308,800
2022 $29,287 $683,800 $375,000 $308,800
2021 $29,520 $683,800 $375,000 $308,800
2020 $29,814 $683,800 $375,000 $308,800
2019 $29,848 $683,800 $375,000 $308,800
2018 $29,656 $683,800 $375,000 $308,800
2017 $29,848 $683,800 $375,000 $308,800
2016 $29,410 $683,800 $375,000 $308,800
2015 $28,836 $683,800 $375,000 $308,800
2014 $28,091 $683,800 $375,000 $308,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    JUDITH WATSON

    LOIS SCHNEIDER REALTOR

  • M

    Buyer's Agent in 2024

    MARCO FORMOSA

    LOIS SCHNEIDER REALTOR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3881518

Garden State MLS

APN: 18-04801-0000-00003

New Jersey Union County Summit 07901

165 Oak Ridge Ave, Summit, NJ

This home is located at 165 Oak Ridge Ave, Summit, NJ 07901 since 15 January 2024 and is currently estimated at $2,260,057. This property was built in 1925. 165 Oak Ridge Ave is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

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