NOT LISTED FOR SALE

181 Oak Ridge Ave Summit, NJ 07901

Estimated Value: $3,293,000 - $3,844,000

5 Beds
5 Baths
3,870 Sq Ft
$927/Sq Ft Est. Value

Last Sold April 20, 2023

Last sale price $3,300,000 $853 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $23,102/month

9 Days on Market

About This Home

As of April 2023

This home is located at 181 Oak Ridge Ave, Summit, NJ 07901 since 15 February 2023 and is currently estimated at $3,589,148, approximately $927 per square foot. This property was built in 2005. 181 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

CYNTHIA BAKER

LOIS SCHNEIDER REALTOR Brokerage Phone: 908-277-1398 Listed on: 02/15/2023

Last Buyer's Agent

CYNTHIA BAKER

LOIS SCHNEIDER REALTOR Brokerage Phone: 908-277-1398 Listed on: 02/15/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,006

Year Built

  • Built in 2005

Lot Details

  • 0.35

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,006

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Year Built: 2005
  • County Name: Union
  • Street Number Display: 181
  • I D: 5202509
  • Modified: 2024-04-21
  • Number Images: 1
  • Attribution Contact: 908-277-1398
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 4.10

Lot Info

  • Lot Size: .358

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2023
Closed on
Apr 12, 2023
Sold by
Demakos Todd A and Demakos Lisa F
Bought by
Suo Yicong and Taylor Suo Anna
Seller's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
Buyer's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
List Price
$2,975,000
Sold Price
$3,300,000
Premium/Discount to List
$325,000
10.92%
Views
75
Current Estimated Value
$3,589,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,148
Avg. Annual Appreciation
2.15%
Original Mortgage
$2,475,000
Outstanding Balance
$2,395,397
Interest Rate
4.65%
Mortgage Type
New Conventional
Estimated Equity
$1,076,142

Purchase Details

Closed on
Sep 23, 2005
Sold by
Peer Diane L
Bought by
Demakos Todd A and Demakos Lisa F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2004
Sold by
Kalmes Nicholas
Bought by
Peer Construction Llc
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
Suo Yicong $3,300,000 Old Republic Title
Demakos Todd A $2,394,291 --
Peer Construction Llc $775,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Suo Yicong $2,475,000
Previous Owner Demakos Todd $241,000
Previous Owner Demakos Todd A $359,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2023 04/20/23 Sold $3,300,000 +10.9% $853 / Sq Ft
02/24/2023 02/24/23 Pending -- -- --
02/15/2023 02/15/23 For Sale $2,975,000 -- $769 / Sq Ft
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 $43,006 $993,900 $358,000 $635,900
2023 $43,006 $993,900 $358,000 $635,900
2022 $42,569 $993,900 $358,000 $635,900
2021 $42,907 $993,900 $358,000 $635,900
2020 $43,334 $993,900 $358,000 $635,900
2019 $43,384 $993,900 $358,000 $635,900
2018 $43,105 $993,900 $358,000 $635,900
2017 $43,384 $993,900 $358,000 $635,900
2016 $42,748 $993,900 $358,000 $635,900
2015 $41,913 $993,900 $358,000 $635,900
2014 $40,829 $993,900 $358,000 $635,900
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    CYNTHIA BAKER

    LOIS SCHNEIDER REALTOR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3828982

Garden State MLS

APN: 18-04801-0000-00006

New Jersey Union County Summit 07901

181 Oak Ridge Ave, Summit, NJ

This home is located at 181 Oak Ridge Ave, Summit, NJ 07901 since 15 February 2023 and is currently estimated at $3,589,148, approximately $927 per square foot. This property was built in 2005. 181 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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