NOT LISTED FOR SALE

17 Wallace Rd Summit, NJ 07901

Estimated Value: $1,592,000 - $2,321,000

4 Beds
4.5 Baths
3,726 Sq Ft
$555/Sq Ft Est. Value

Last Sold July 27, 2022

Last sale price $1,595,000 $428 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $13,154/month

29 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • High Ceiling
  • L C Johnson Summit Middle School Rated A+
  • Jetted Tub in Primary Bathroom
  • Mud Room

About This Home

As of July 2022

Spectacular custom Brick Colonial home on the dead-end street in the Washington School with views of the prestigious Canoe Brook golf course.The epitome of luxury - sophistication and elegance, yet comfortable and inviting. This impressive home with its traditional elements projects a grand style, yet on the same note, the modern open floor plan allows for easy, simple gatherings. Impressive formal living room and dining room with front balconies, kitchen and adjacent family room with sliders to the expansive patio with fantastic outdoor kitchen and fireplace. Private office, full bath and mudroom/laundry room with access to oversized 2 car garage complete this level. Upstairs, you will find large primary suite with walk-in-closet and spa-like bath, junior suite and 2 bedrooms and hallway bath as well as sliders to the large balcony overlooking the backyard. Third floor offers a rec room, office and a powder room. Oversized paver driveway and level yard offers plenty of room for fun and play. Smart Home Creston system: automated shades throughout,TVs, thermostats, integrated speakers, outdoor cameras, etc. Not in the flood zone.

Last Agent to Sell the Property

NATALYA PRICE

COMPASS NEW JERSEY, LLC Listed on: 05/18/2022

Last Buyer's Agent

POOJA DESAI

KELLER WILLIAMS ELITE REALTORS

KELLER WILLIAMS ELITE REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,378

Year Built

  • Built in 2008

Lot Details

  • 0.4 Acre Lot
  • Cul-De-Sac
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Direct Access Garage
  • Private Driveway
  • Paver Block

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Tile

Interior Spaces

  • 3,726 Sq Ft Home
  • High Ceiling
  • Thermal Windows
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Utility Room
  • Laundry Room
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Butlers Pantry
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Basement

  • Sump Pump
  • Crawl Space

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Porch

Schools

  • Washington Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-00104-0000-00011-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,378

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2008
  • Year Built Description: Standing
  • County Name: Union
  • Exclusions: Contact LA
  • Renovated Year: 3726
  • Street Number Display: 17
  • Directions: Canoe Brook Parkway to Rose to Wallace or Woodland to Wallace
  • I D: 5151704
  • Modified: 2023-07-28
  • Number Images: 50
  • Section Subdiv Development: Washington School
  • First Name: NATALYA
  • First Name3: POOJA
  • Last Name: PRICE
  • Last Name3: DESAI
  • Attribution Contact: null
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 3726

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Stackable Washer/Dryer, Sump Pump
  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, JacuzTyp, Security System, Smoke Detector, Walk-In Closet
  • Number Rooms: 16
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Jetted Tub, Stall Shower
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement Description: Crawl Space
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Pantry, Separate Dining Area
  • Kitchen Dim: 19x13
  • Kitchen Level: First
  • Living Room Dim: 24x15
  • Living Room Level: First
  • Other Room 1: Rec Room
  • Other Room1 Dim: 32x26
  • Other Room1 Level: Third
  • Other Room 2: Office
  • Other Room2 Dim: 9x26
  • Other Room2 Level: Third
  • Other Room 3: Office
  • Other Room3 Dim: 13x7
  • Other Room3 Level: First
  • Level 1 Rooms: Bath(s) Other, Dining Room, Family Room, Foyer, GarEnter, Kitchen, Laundry Room, Living Room, MudRoom, Office, Utility Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Office, Powder Room, RecRoom, Utility Room
  • Estimated Sq Ft: 3726
  • Phone: 973-310-6816

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Curbs, Open Porch(es), OutDrKit, Patio, Sidewalk, Thermal Windows/Doors, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 4
  • Parking Driveway Description: 2 Car Width, Driveway-Exclusive, Paver Block

Utilities

  • Cooling: 3 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 3 Units, Forced Hot Air, Multi-Zone
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: Washington
  • Middle School: Summit MS
  • High School: Summit HS
  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 107X148
  • Assessed Improvement Value: 450100
  • Assessed Land Value: 154900
  • Assessment: 605000
  • Easement: Unknown
  • Lot Description: Cul-De-Sac, Level Lot
  • Lot Identifier: 11
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.40
  • Zoning: Residential

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 26378
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-00104-0000-00011-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.317
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: Washington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2022
Closed on
Jul 1, 2022
Sold by
Hayes Terence W
Bought by
Arivazhagan Praveen Kumar and Ganesh Sharanya
Seller's Agent
NATALYA PRICE
COMPASS NEW JERSEY, LLC
Buyer's Agent
POOJA DESAI
KELLER WILLIAMS ELITE REALTORS
List Price
$1,600,000
Sold Price
$1,595,000
Premium/Discount to List
-$5,000
-0.31%
Current Estimated Value
$2,066,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$471,873
Avg. Annual Appreciation
8.46%
Original Mortgage
$1,116,500
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 11, 2013
Closed on
Jul 11, 2013
Sold by
Park G Heun and Park Sung G
Bought by
Hayes Terence W
Sold Price
$1,235,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.87%
Original Mortgage
$750,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 9, 1999
Sold by
Yip Dante and Chiang May Lam
Bought by
Park Gi Heun and Park Sung G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 18, 1996
Sold by
Lamm George W and Lamm Myra A
Bought by
Yip Dante and Chiang May Lam
Source: Public Records

Range of Values:

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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
Arivazhagan Praveen Kumar $1,595,000 North American Title
Kumar Arivazhagan Praveen $1,595,000 North American Title
Hayes Terence W $24,769 None Available
Park Gi Heun $397,500 --
Yip Dante $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kumar Arivazhagan Praveen $1,116,500
Previous Owner Hayes Terence W $750,000
Previous Owner Park Gi Heun $318,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2022 07/27/22 Sold $1,595,000 -0.3% $428 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $1,600,000 +29.6% $429 / Sq Ft
07/11/2013 07/11/13 Sold $1,235,000 -- --
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
2025 $26,354 $605,000 $154,900 $450,100
2024 $26,178 $605,000 $154,900 $450,100
2023 $26,178 $605,000 $154,900 $450,100
2022 $25,912 $605,000 $154,900 $450,100
2021 $26,118 $605,000 $154,900 $450,100
2020 $26,378 $605,000 $154,900 $450,100
2019 $26,408 $605,000 $154,900 $450,100
2018 $26,239 $605,000 $154,900 $450,100
2017 $26,408 $605,000 $154,900 $450,100
2016 $26,021 $605,000 $154,900 $450,100
2015 $25,513 $605,000 $154,900 $450,100
2014 $24,853 $605,000 $154,900 $450,100
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    NATALYA PRICE

    COMPASS NEW JERSEY, LLC

  • P

    Buyer's Agent in 2022

    POOJA DESAI

    KELLER WILLIAMS ELITE REALTORS

    (862) 684-2806

    1 in this area

    36 Total Sales

    POOJA DESAI
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3783252

Garden State MLS

APN: 18-00104-0000-00011

New Jersey Union County Summit 07901

17 Wallace Rd, Summit, NJ

This home is located at 17 Wallace Rd, Summit, NJ 07901 since 18 May 2022 and is currently estimated at $2,066,873, approximately $554 per square foot. This property was built in 2008. 17 Wallace Rd 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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