NOT LISTED FOR SALE

2 Ascot Way Summit, NJ 07901

Estimated Value: $947,268 - $1,027,000

3 Beds
2 Baths
1,634 Sq Ft
$604/Sq Ft Est. Value

Last Sold August 25, 2021

Last sale price $715,000 $438 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,162/month

34 Days on Market

Highlights

  • Recreation Room
  • Wood Flooring
  • Corner Lot
  • L C Johnson Summit Middle School Rated A+
  • Sun or Florida Room
  • High Ceiling

About This Home

As of August 2021

Move in ready home! Walking distance to downtown, Jefferson elementary and the popular Summit pool. Spacious living, dining and family room. Bonus three season sun room. Updated baths and kitchen with sky lights. Large fenced in yard perfect for barbecues and entertaining

Last Agent to Sell the Property

REBECCA MORANO

PROMINENT PROPERTIES SIR Listed on: 06/07/2021

Last Buyer's Agent

SU ZHENG

EXP REALTY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,075

Year Built

  • Built in 1959

Lot Details

  • Wood Fence
  • Corner Lot

Parking

  • 1 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Clapboard
  • Tile

Interior Spaces

  • High Ceiling
  • Skylights
  • Family or Dining Combination
  • Recreation Room
  • Sun or Florida Room
  • Utility Room
  • Partially Finished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Jefferson Elementary School
  • Summit Middle School
  • Summit High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2918-04402-0000-00009-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,075

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Style: Split Level
  • Primary Style: Split Level
  • Subproperty Type: Single Family
  • Year Built: 1959
  • Year Built Description: Approximate
  • County Name: Union
  • Street Number Display: 2
  • Directions: Baltusrol Road to Ascot Way
  • I D: 5077849
  • Modified: 2022-08-26
  • Number Images: 25
  • First Name: REBECCA
  • First Name3: SU
  • First Name4: FRANCES
  • Last Name: MORANO
  • Last Name3: ZHENG
  • Last Name4: ROSADO
  • Office Phone: 908-277-1398
  • Office Phone4: 973-696-0077
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Laminate, Tile, Wood
  • Appliances: Dishwasher, Disposal, Dryer, Microwave Oven, Range/Oven-Gas, Washer
  • Interior Amenities: High Ceilings, Skylight, StallShw, TubShowr
  • Number Rooms: 7
  • Bedrooms: 3
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Basement Level Rooms: Laundry Room, Rec Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Family Room Level: Ground
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 13x11
  • Kitchen Level: First
  • Living Room Dim: 17x13
  • Living Room Level: First
  • Other Room 1: Sunroom
  • Other Room1 Level: Ground
  • Other Room 2: Laundry Room
  • Other Room2 Level: Basement
  • Level 1 Rooms: Kitchen, LivDinRm
  • Level 2 Rooms: 3 Bedrooms, Bath Main
  • Ground Level Rooms: Bath(s) Other, Vestibul, Family Room, GarEnter, Sunroom
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Brick, Clapboard
  • Exterior Features: Patio, Wood Fence
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener
  • Number Garage Spaces: 1
  • Number Parking Spaces: 2
  • Parking Driveway Description: 2 Car Width, Blacktop

Utilities

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

Schools

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

Lot Info

  • Lot Size: .252
  • Assessed Improvement Value: 117400
  • Assessed Land Value: 113700
  • Assessment: 231100
  • Lot Description: Corner
  • Lot Identifier: 9
  • Lot I D Tax: *
  • Lot Size Tax: *

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 10075
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-04402-0000-00009-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.360
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2021
Closed on
Aug 11, 2021
Sold by
Saab Nagib and Ghosn Saab Souad
Bought by
Kuang Jiaen and Han Tian
Seller's Agent
REBECCA MORANO
PROMINENT PROPERTIES SIR
Buyer's Agent
SU ZHENG
EXP REALTY, LLC
List Price
$659,000
Sold Price
$715,000
Premium/Discount to List
$56,000
8.5%
Current Estimated Value
$986,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,817
Avg. Annual Appreciation
8.20%
Original Mortgage
$514,800
Outstanding Balance
$468,430
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$518,387

Purchase Details

Closed on
Aug 13, 2008
Sold by
Derosa Carmen and De Rosa Kelley A
Bought by
Saab Nagib and Ghosn Saab Souad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 1999
Sold by
Rhinehart Eric and Toulon Karen A
Bought by
Derosa Kelley A and Derosa Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,350
Interest Rate
7.37%
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 Buyer Sale Price Title Company
Kuang Jiaen $715,000 Fidelity National Ttl Ins Co
Saab Nagib $465,000 None Available
Derosa Kelley A $261,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kuang Jiaen $514,800
Previous Owner Saab Nagib $400,000
Previous Owner Derosa Kelley A $235,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2021 08/25/21 Sold $715,000 +8.5% $438 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $659,000 -- $403 / 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
2025 $11,156 $256,100 $113,700 $142,400
2024 $11,081 $256,100 $113,700 $142,400
2023 $11,081 $256,100 $113,700 $142,400
2022 $10,969 $256,100 $113,700 $142,400
2021 $9,977 $231,100 $113,700 $117,400
2020 $10,076 $231,100 $113,700 $117,400
2019 $10,088 $231,100 $113,700 $117,400
2018 $10,023 $231,100 $113,700 $117,400
2017 $10,088 $231,100 $113,700 $117,400
2016 $9,940 $231,100 $113,700 $117,400
2015 $9,745 $231,100 $113,700 $117,400
2014 $9,494 $231,100 $113,700 $117,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3718162

Garden State MLS

APN: 18-04402-0000-00009