NOT LISTED FOR SALE

2 Crest Acre Ct Summit, NJ 07901

Estimated Value: $2,230,000 - $2,371,000

5 Beds
4.5 Baths
3,375 Sq Ft
$684/Sq Ft Est. Value

Last Sold May 05, 2021

Last sale price $1,560,000 $462 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $15,404/month

117 Days on Market

Highlights

  • Colonial Architecture
  • Living Room with Fireplace
  • Home Office
  • L C Johnson Summit Middle School Rated A+
  • Wood Flooring
  • Breakfast Room

About This Home

As of May 2021

Located on a Northside's most unique cut-de-sac, this renovated English Tudor-styled home with slate roof includes five Bedrooms, four full and one half Bathrooms and multiple home Office spaces. The Living Room is anchored by a stunning stone arched gas fireplace and authentic wood ceiling beams. The Kitchen boasts custom cabinetry, high end appliances and a spacious Eating Area with built-in banquette and skylights. The second level offers a Master Bedroom with spacious Bath and three additional bedrooms with build-ins and two full baths. The walkout Lower Level features a delightful Recreation Room with custom built-in media wall and wood burning fireplace, a Bedroom with ensuite Full Bathroom, Office space and access to 2 car Garage. A private patio and a flat grassy space complete the picture.

Last Listed By

Suzanne Lear

PROMINENT PROPERTIES SIR Listed on: 10/30/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,873

Year Built

  • Built in 1935 | Remodeled

Lot Details

  • Cul-De-Sac
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Slate Roof
  • Wood Siding
  • Tile

Interior Spaces

  • Wet Bar
  • Skylights
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Recreation Room with Fireplace
  • Eat-In Kitchen
  • Finished Basement

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Lincoln-Hubbard Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Central Air
  • Two Cooling Systems Mounted To A Wall/Window
  • Radiator
  • Electric Baseboard Heater
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-01101-0000-00012-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,873

Year Built

Built in 1935 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1935
  • Year Built Description: Approximate, Renovated
  • County Name: Union
  • Renovated Year: 2005
  • Street Number Display: 2
  • Directions: Hillcrest to Bellevue to Crest Acre
  • I D: 5028649
  • Modified: 2022-05-06
  • Number Images: 24
  • Section Subdiv Development: Northside
  • First Name: SUZANNE
  • First Name3: SUZANNE
  • Last Name: LEAR
  • Last Name3: LEAR
  • Office Phone: 908-868-5245
  • Office Phone3: 908-868-5245
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2005

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Living Room, Rec Room
  • Number of Fireplaces: 2
  • Appliances: Dryer, Refrigerator, Washer
  • Interior Amenities: Bar-Wet, Skylight
  • Number Rooms: 12
  • Bedrooms: 5
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower And Tub
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 18x8
  • Kitchen Level: First
  • Living Room Dim: 25x19
  • Living Room Level: First
  • Other Room 1: Breakfast
  • Other Room1 Dim: 19x13
  • Other Room1 Level: First
  • Other Room 2: Rec Room
  • Other Room2 Dim: 19x18
  • Other Room2 Level: Ground
  • Other Room 3: Bedroom
  • Other Room3 Dim: 16x12
  • Other Room3 Level: Ground
  • Other Room 4: Office
  • Other Room4 Dim: 13x7
  • Other Room4 Level: Ground
  • Level 1 Rooms: Breakfast Room, Dining Room, Family Room, Foyer, Kitchen, Living Room, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Ground Level Rooms: 1 Bedroom, Bath(s) Other, Laundry Room, Office, Rec Room
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Stucco, Wood
  • Exterior Features: Patio, Underground Lawn Sprinkler
  • Roof Description: Slate

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 1 Car Width

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Electric, Baseboard - Hotwater, Radiators - Steam
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: Lincoln-Hubbard
  • Middle School: Summit MS
  • High School: Summit HS
  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 100X115
  • Assessed Improvement Value: 443300
  • Assessed Land Value: 264000
  • Assessment: 707300
  • Easement: Unknown
  • Lot Description: Cul-De-Sac
  • Lot Identifier: 12
  • 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: 30873
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-01101-0000-00012-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.365
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2020
Closed on
Apr 28, 2021
Sold by
Knight Malcolm D
Bought by
Ferraro Anthony Vincent and Ferraro Vanessa Noelle
Seller's Agent
Suzanne Lear
PROMINENT PROPERTIES SIR
Buyer's Agent
Suzanne Lear
PROMINENT PROPERTIES SIR
List Price
$1,595,000
Sold Price
$1,560,000
Premium/Discount to List
-$35,000
-2.19%
Total Days on Market
117
Current Estimated Value
$2,307,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$747,256
Avg. Annual Appreciation
8.68%
Original Mortgage
$1,248,000
Outstanding Balance
$1,153,285
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,022,706

Purchase Details

Closed on
Feb 27, 2015
Sold by
Knight Amy Windle and Knight Malcolm D
Bought by
Knight Malcolm D

Purchase Details

Closed on
Oct 1, 2008
Sold by
Davis Edwan and Davis Alexis
Bought by
Knight Amy Windle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 2005
Sold by
Keyser Anne M
Bought by
Davis Edwan and Davis Alexis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.54%
Mortgage Type
Unknown

Purchase Details

Closed on
May 1, 1998
Sold by
Keyser Anne M and Keyser John J
Bought by
Keyser Anne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
7.12%

Purchase Details

Closed on
Nov 27, 1996
Sold by
Keyser John J and Keyser Anne M
Bought by
Keyser Anne M

Range of Values:

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Average Value
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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
Ferraro Anthony Vincent $1,560,000 Hudson United Title Svcs Llc
Knight Halcom D -- Couch Braunsdorf Title Inc
Knight Amy Windle $1,900,000 Stewart Title Guaranty Co
Davis Edwan $1,692,500 --
Keyser Anne M -- --
Keyser Anne M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferraro Anthony Vincent $1,248,000
Previous Owner Knight Malcolm D $1,000,000
Previous Owner Knight Malcolm Donald $1,330,000
Previous Owner Knight Amy Windle $1,330,000
Previous Owner Davis Alexis $1,904,000
Previous Owner Davis Alexis $150,000
Previous Owner Davis Alexis $150,000
Previous Owner Davis Alexis $1,595,200
Previous Owner Davis Alexis $150,000
Previous Owner Davis Edwan S $250,000
Previous Owner Davis Alexis $200,000
Previous Owner Davis Edwan $100,000
Previous Owner Davis Edwan $1,242,000
Previous Owner Keyser Anne M $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2021 05/05/21 Sold $1,560,000 -2.2% $462 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
10/30/2020 10/30/20 For Sale $1,595,000 -- $473 / 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 $30,605 $707,300 $264,000 $443,300
2023 $30,605 $707,300 $264,000 $443,300
2022 $30,294 $707,300 $264,000 $443,300
2021 $30,534 $707,300 $264,000 $443,300
2020 $30,838 $707,300 $264,000 $443,300
2019 $30,874 $707,300 $264,000 $443,300
2018 $30,676 $707,300 $264,000 $443,300
2017 $30,874 $707,300 $264,000 $443,300
2016 $30,421 $707,300 $264,000 $443,300
2015 $29,827 $707,300 $264,000 $443,300
2014 $32,108 $781,600 $264,000 $517,600
Source: Public Records

Agents Affiliated with this Home

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Source: Garden State MLS

MLS Number: 3675447

Garden State MLS

APN: 18-01101-0000-00012