$5,500,000
SOLD NOV 5, 2024

175 Springfield Ave Summit, NJ 07901

7 Beds
8 Baths
-- Sq Ft
1.18 Acres

Recently Sold

269 Days on Market

About This Home

As of November 2024

This home is located at 175 Springfield Ave, Summit, NJ 07901 and is currently priced at $5,500,000. This property was built in 1850. 175 Springfield Ave 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.

Last Agent to Sell the Property

ARLENE GORMAN GONNELLA

WEICHERT REALTORS Brokerage Phone: 973-376-4545 Listed on: 02/10/2024

Last Buyer's Agent

ARLENE GORMAN GONNELLA

WEICHERT REALTORS Brokerage Phone: 973-376-4545 Listed on: 02/10/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $70,249

Year Built

  • Built in 1850

Lot Details

  • 1.18 Acre Lot

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 8 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$70,249

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Year Built: 1850
  • County Name: Union
  • Street Number Display: 175
  • I D: 5322913
  • Modified: 2024-11-05
  • Number Images: 1
  • Attribution Contact: 973-376-4545
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 7
  • Bathrooms: 7.20

Lot Info

  • Lot Size: 271X189
  • Total Acres: 1.18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2024
Sold by
Behncke Gabriel and Behncke Ashley
Bought by
Tang Edward and Gee Betty
Current Estimated Value
$5,725,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,125,000
Outstanding Balance
$4,063,366
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$1,662,047

Purchase Details

Listed on
May 20, 2023
Closed on
Jul 18, 2023
Sold by
Atgre 175 Springfield Llc
Bought by
Behncke Gabriel and Behncke Ashley
Seller's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
Buyer's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
List Price
$5,490,000
Sold Price
$5,375,000
Premium/Discount to List
-$115,000
-2.09%
Views
248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.00%
Original Mortgage
$2,000,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 30, 2022
Closed on
Apr 1, 2022
Sold by
Welch Susan B and Welch James O
Bought by
Goder Avraham Tzvi
Seller's Agent
JENNIFER NIELSEN
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
List Price
$2,195,000
Sold Price
$2,650,000
Premium/Discount to List
$455,000
20.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
74.52%
Original Mortgage
$2,762,500
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 1994
Sold by
Mcguire Dennis and Mcguire Catherine
Bought by
Welch Susan B and Welch James O
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 $5,500,000 Fidelity National Title
Deed $5,500,000 Fidelity National Title
Deed $5,375,000 Fidelity National Title
Deed $5,375,000 Fidelity National Title
Bargain Sale Deed $2,650,000 Madison Title
Bargain Sale Deed $2,650,000 Madison Title
Deed $1,070,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,125,000 New Conventional
Closed $4,125,000 New Conventional
Previous Owner $2,000,000 New Conventional
Previous Owner $2,762,500 New Conventional
Previous Owner $1,000,000 New Conventional
Previous Owner $870,000 Unknown
Previous Owner $920,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2024 11/05/24 Sold $5,500,000 0.0% --
02/10/2024 02/10/24 For Sale $5,500,000 +2.3% --
07/20/2023 07/20/23 Sold $5,375,000 -2.1% --
05/20/2023 05/20/23 For Sale $5,490,000 +107.2% --
04/13/2022 04/13/22 Sold $2,650,000 +20.7% --
02/11/2022 02/11/22 Pending -- -- --
01/30/2022 01/30/22 For Sale $2,195,000 -- --
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 $70,249 $1,652,700 $506,200 $1,146,500
2024 $42,171 $1,612,700 $506,200 $1,106,500
2023 $42,171 $974,600 $506,200 $468,400
2022 $42,073 $974,600 $506,200 $468,400
2021 $42,073 $974,600 $506,200 $468,400
2020 $52,303 $1,199,600 $506,200 $693,400
2019 $52,363 $1,199,600 $506,200 $693,400
2018 $52,027 $1,199,600 $506,200 $693,400
2017 $52,363 $1,199,600 $506,200 $693,400
2016 $51,595 $1,199,600 $506,200 $693,400
2015 $50,587 $1,199,600 $506,200 $693,400
2014 $49,280 $1,199,600 $506,200 $693,400
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    ARLENE GORMAN GONNELLA

    WEICHERT REALTORS

  • J

    Seller's Agent in 2022

    JENNIFER NIELSEN

    KL SOTHEBY'S INT'L. REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3932924

Garden State MLS

APN: 18-03501-0000-00016

New Jersey Union County Summit 07901

175 Springfield Ave, Summit, NJ

This home is located at 175 Springfield Ave, Summit, NJ 07901 and is currently priced at $5,500,000. This property was built in 1850. 175 Springfield Ave 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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