NOT LISTED FOR SALE

2 Irving Place Summit, NJ 07901

Estimated Value: $1,321,628 - $2,002,000

3 Beds
3.5 Baths
3,195 Sq Ft
$535/Sq Ft Est. Value

Last Sold March 15, 2018

Last sale price $1,160,000 $363 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $10,748/month

174 Days on Market

Highlights

  • Colonial Architecture
  • 3-minute walk to Summit
  • Recreation Room
  • L C Johnson Summit Middle School Rated A+
  • Deck
  • 5-minute walk to Mabie Memorial Playground

About This Home

As of March 2018

Just completed, beautiful and new! This custom-built single family home embraces the growing trend toward urban living in a suburban setting, located just a block from New York City commuter trains, Summit's vibrant downtown,local shops,restaurants,parks & open spaces. A 1-car attached garage, front rocking chair porch, private rear deck and yard framed with privacy hedgerows are unexpected pleasures of a virtual in-town dwelling. Contemporary flair & crisp craftsman styling make this home a standout. Open spaces, gracious staircases, hardwood floors, abundant windows and high ceilings add architectural distinction, along with top-of-the-line amenities in the kitchen, gas-log fireplace in the living room, and three-zone heating and air conditioning throughout its 4, fully finished levels.Very special home!

Last Agent to Sell the Property

MARTHA MCDONNELL

PROMINENT PROPERTIES SIR Listed on: 07/29/2017

Co-Listed By

KARA THOMS

LOIS SCHNEIDER REALTOR

Last Buyer's Agent

CHRISTINE MURRAY

LOIS SCHNEIDER REALTOR

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2017 | Under Construction

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Rubber Roof
  • Stone Siding
  • Composition Shingle
  • Tile

Interior Spaces

  • 3,195 Sq Ft Home
  • High Ceiling
  • Great Room with Fireplace
  • Den
  • Recreation Room
  • Loft
  • Utility Room
  • Laundry Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Soaking Tub
  • Separate Shower

Outdoor Features

  • Deck
  • Patio
  • Porch

Schools

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

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Underground Utilities
  • Standard Electricity
  • Water Tap or Transfer Fee
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-02614-0000-00025-0000-

Home Details

Home Type

Single Family

Year Built

Built in 2017 | Under Construction

Lot Details

0

Parking

1

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2017
  • Year Built Description: Under Construction
  • County Name: Union
  • Directions: Summit Ave to Franklin Place to Irving Place Or Springfield to Ruthven to Franklin
  • I D: 4689365
  • Section Subdiv Development: Downtown
  • First Name: MARTHA
  • First Name2: KARA
  • First Name3: CHRISTINE
  • Last Name: MCDONNELL
  • Last Name2: THOMS
  • Last Name3: MURRAY
  • Office Phone: 973-301-0307
  • Office Phone2: 908-376-2709
  • Office Phone3: 908-277-1398
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Tile, Vinyl-Linoleum, Wood
  • Fireplace Description: Great Room
  • Number of Fireplaces: 1
  • Appliances: Range/Oven-Gas, Refrigerator, Dishwasher, Disposal, Microwave Oven
  • Interior Amenities: Walk-In Closet, Carbon Monoxide Detector, High Ceilings
  • Bedrooms: 3
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Primary Bathroom Features: Stall Shower, Soaking Tub
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Full
  • Basement Level Rooms: Laundry Room, Utility Room, Bath(s) Other, Rec Room
  • Den Level: First
  • Family Room Level: Ground
  • Kitchen Area: Center Island
  • Kitchen Dim: 15x12
  • Kitchen Level: First
  • Other Room 1: Great Room
  • Other Room1 Dim: 25x13
  • Other Room1 Level: First
  • Other Room 2: Rec Room
  • Other Room2 Dim: 18x21
  • Other Room2 Level: Ground
  • Other Room 3: Loft
  • Other Room3 Dim: 11x38
  • Other Room3 Level: Third
  • Other Room 4: Den
  • Other Room4 Dim: 11x11
  • Other Room4 Level: First
  • Other Level Rooms: Loft
  • Level 1 Rooms: Den, Great Room, Porch, Powder Room, Kitchen
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Loft
  • Estimated Sq Ft: 3195
  • Phone: 908-277-1398

Exterior Features

  • Exterior Description: Stone, Stucco, Composition Shingle
  • Exterior Features: Patio, FencVnyl, Deck, Sidewalk
  • Roof Description: Asphalt Shingle, Rubberized

Garage/Parking

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

Utilities

  • Cooling: 2 Units, Central Air, Ductless Split AC
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer, Sewer Charge Extra
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Water Charge Extra, Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Home Warranty: Yes

Schools

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

Lot Info

  • Lot Size: 0000
  • Easement: Unknown
  • Lot Description: Corner, Level Lot

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Assessor Parcel Number: 2918-02614-0000-00025-0000-
  • Tax Rate Amount: 4.301
  • Tax Year: 2016

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2017
Closed on
Mar 15, 2018
Sold by
68 72 Franklin Place Llc
Bought by
Kwan Peter and Wong Lai Ting
Seller's Agent
MARTHA MCDONNELL
PROMINENT PROPERTIES SIR
Buyer's Agent
CHRISTINE MURRAY
LOIS SCHNEIDER REALTOR
List Price
$1,395,000
Sold Price
$1,160,000
Premium/Discount to List
-$235,000
-16.85%
Current Estimated Value
$1,708,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$548,407
Avg. Annual Appreciation
5.06%
Original Mortgage
$750,000
Outstanding Balance
$641,774
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$1,066,633
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kwan Peter $1,160,000 Acres Land Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kwan Peter $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2018 03/15/18 Sold $1,160,000 -16.8% $363 / Sq Ft
01/19/2018 01/19/18 Pending -- -- --
07/29/2017 07/29/17 For Sale $1,395,000 -- $437 / 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 $21,776 $499,900 $114,200 $385,700
2024 $21,631 $499,900 $114,200 $385,700
2023 $21,631 $499,900 $114,200 $385,700
2022 $21,411 $499,900 $114,200 $385,700
2021 $21,581 $499,900 $114,200 $385,700
2020 $21,796 $499,900 $114,200 $385,700
2019 $21,821 $499,900 $114,200 $385,700
2018 $4,953 $114,200 $114,200 $0
2017 $4,985 $114,200 $114,200 $0
2016 $4,912 $114,200 $114,200 $0
2015 $4,816 $114,200 $114,200 $0
2014 $6,823 $166,100 $166,100 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    MARTHA MCDONNELL

    PROMINENT PROPERTIES SIR

  • K

    Seller Co-Listing Agent in 2018

    KARA THOMS

    LOIS SCHNEIDER REALTOR

  • C

    Buyer's Agent in 2018

    CHRISTINE MURRAY

    LOIS SCHNEIDER REALTOR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3407472

Garden State MLS

APN: 18-02614-0000-00025

New Jersey Union County Summit 07901

2 Irving Place, Summit, NJ

Not Listed for Sale

Detached

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