$1,235,000
SOLD JUL 11, 2013

17 Wallace Rd Summit, NJ 07901

4 Beds
5 Baths
-- Sq Ft
0.36 Acres

Recently Sold

0 Day on Market

About This Home

As of July 2022

This home is located at 17 Wallace Rd, Summit, NJ 07901 and is currently priced at $1,235,000. 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.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,354

Year Built

  • Built in 2008

Lot Details

  • 0.36 Acre Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,354

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Year Built: 2008
  • County Name: Union
  • Street Number Display: 17
  • I D: 4318113
  • Modified: 2021-09-23
  • Number Images: 0
  • Attribution Contact: 908-273-2991
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 4.10

Lot Info

  • Lot Size: 107X148
  • Total Acres: 0.36

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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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 Type Sale Price Title Company
Deed $1,595,000 North American Title
Deed $1,595,000 North American Title
Bargain Sale Deed $24,769 None Available
Deed $397,500 --
Deed $335,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,116,500 New Conventional
Previous Owner $750,000 Adjustable Rate Mortgage/ARM
Previous Owner $318,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2022 07/27/22 Sold $1,595,000 -0.3% $428 / Sq Ft View Prior Sale
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
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Map

Source: Garden State MLS

MLS Number: 3020394

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 and is currently priced at $1,235,000. 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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