$1,492,500
SOLD JUL 13, 2017

2 Lorraine Rd Summit, NJ 07901

5 Beds
4.5 Baths
-- Sq Ft
9,583 Sq Ft Lot

Recently Sold

4% Below List Price

52 Days on Market

Highlights

  • Colonial Architecture
  • Recreation Room
  • Attic
  • L C Johnson Summit Middle School Rated A+
  • Wood Flooring
  • Corner Lot

About This Home

As of April 2023

Absolutely charming center hall Colonial located in prime Lincoln-Hubbard Elementary School district. Just blocks to downtown w/ Mid-Town Direct Train service. Bright & sunny home w/ an abundance of natural light & hardwood floors throughout. 3- story addition & top to bottom renovation (2006) w/ extensive enhancements in subsequent years. Gourmet Kitchen w/ granite countertops, high end appliances & custom cabinetry w/ views of private rear yard. 1st Floor Family Rm. w/ 9' plus coffered ceiling, transom-topped windows on 3 sides & custom built-in media center. Two MBR Suites on second floor as well as third ensuite BR on 3rd Floor providing versatility. Expansive Lower Level w/ Recreation Rm, Exercise Rm/ Yoga Studio, Laundry Center & walk-out to parking court.

Last Agent to Sell the Property

REGINA M MCAULEY

LOIS SCHNEIDER REALTOR Listed on: 03/20/2017

Last Buyer's Agent

Victoria Carter

WEICHERT REALTORS

WEICHERT REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,225

Year Built

  • Built in 1935

Lot Details

  • 9,583 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Open Lot
  • Irregular Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Clapboard

Interior Spaces

  • Wet Bar
  • Sound System
  • Beamed Ceilings
  • Thermal Windows
  • Blinds
  • Family Room with entrance to outdoor space
  • Family Room
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Utility Room
  • Laundry Room
  • Home Gym
  • Attic

Kitchen

  • Electric Oven or Range
  • Recirculated Exhaust Fan
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Walk-In Closet
  • Powder Room
  • Separate Shower

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Storm Windows
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2918-01203-0000-00046-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,225

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1935
  • Year Built Description: Approximate
  • County Name: Union
  • Exclusions: Refer to Marketing Brochure
  • Renovated Year: 2006
  • Street Number Display: 2
  • Directions: Springfield Avenue to Norwood Avenue to Lorraine Road
  • I D: 4648685
  • Modified: 2021-09-23
  • Number Images: 25
  • Section Subdiv Development: Northside
  • First Name: REGINA M
  • First Name3: VICTORIA
  • Last Name: MCAULEY
  • Last Name3: CARTER
  • Office Phone: 908-376-2744
  • Office Phone3: 973-376-6748
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2006

Interior Features

  • Flooring: Carpeting, Wood
  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Range/Oven-Electric, Refrigerator, Dishwasher, Kitchen Exhaust Fan, Sump Pump
  • Interior Amenities: Cedar Closets, Bar-Wet, TubShowr, Beam Ceilings, StallShw, Walk-In Closet, Fire Alarm Sys, Security System, Blinds, Carbon Monoxide Detector, Stereo System, Smoke Detector
  • Number Rooms: 12
  • Bedrooms: 5
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Full, Finished
  • Basement Level Rooms: Exercise Room, Laundry Room, Rec Room, Utility Room, Walkout
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: First
  • Kitchen Area: Separate Dining Area
  • Kitchen Dim: 14x11
  • Kitchen Level: First
  • Living Room Dim: 23x15
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 15x13
  • Other Room1 Level: Third
  • Other Room 2: Office
  • Other Room2 Dim: 13x10
  • Other Room2 Level: First
  • Other Room 3: Rec Room
  • Other Room3 Dim: 32x14
  • Other Room3 Level: Basement
  • Other Room 4: Exercise Room
  • Other Room4 Dim: 21x10
  • Other Room4 Level: Basement
  • Level 1 Rooms: Breakfast Room, Family Room, Kitchen, Powder Room, Office, OutEntrn, Dining Room, Living Room, Pantry, Walkout
  • Level 2 Rooms: Bath(s) Other, 4 Or More Bedrooms, Den, Bath Main
  • Level 3 Rooms: 1 Bedroom, Attic, Bath Main
  • Phone: 908-277-1398

Exterior Features

  • Exterior Description: Clapboard
  • Exterior Features: Sidewalk, Thermal Windows/Doors, Patio, Underground Lawn Sprinkler, Curbs, Storm Window(s)
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Built-In Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 2 Car Width, Hard Surface, Blacktop

Utilities

  • Cooling: Central Air, 3 Units, Multi-Zone Cooling
  • Fuel Type: Gas-Natural
  • Heating: Radiant - Hot Water, Radiators - Steam, 4 Units, Forced Hot Air
  • Sewer: Public Sewer, Sewer Charge Extra
  • Utilities: Electric, Gas In Street, 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: 92X92
  • Assessed Improvement Value: 466900
  • Assessed Land Value: 212600
  • Assessment: 679500
  • Easement: Unknown
  • Lot Description: Irregular Lot, Open Lot, Corner, Level Lot
  • Lot Identifier: 46
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.22
  • Zoning: Residential

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 29225
  • Assessor Parcel Number: 2918-01203-0000-00046-0000-
  • Tax Rate Amount: 4.301
  • Tax Rate Year: 2016
  • Tax Year: 2016

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2023
Closed on
Mar 22, 2023
Sold by
Sanders Corey and Sanders Jaclyn
Bought by
Tavakoli Shaud and Javaid Nida
Seller's Agent
JILL BRAY
PROMINENT PROPERTIES SIR
Buyer's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
List Price
$1,899,000
Sold Price
$1,899,000
Current Estimated Value
$2,322,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$423,316
Avg. Annual Appreciation
6.39%
Original Mortgage
$1,708,910
Outstanding Balance
$1,672,918
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$520,811

Purchase Details

Listed on
Mar 20, 2017
Closed on
Jul 13, 2017
Sold by
Winns Scott W and Mitchell Gayle
Bought by
Sanders Corey and Lasaracina Jaclyn
Seller's Agent
REGINA M MCAULEY
LOIS SCHNEIDER REALTOR
Buyer's Agent
Victoria Carter
WEICHERT REALTORS
List Price
$1,550,000
Sold Price
$1,492,500
Premium/Discount to List
-$57,500
-3.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.28%
Original Mortgage
$1,100,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 1986
Bought by
Winn Scott and Winn Gayle M
Source: Public Records

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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
Bargain Sale Deed $1,899,000 Chicago Title
Deed $1,492,500 Suburban Title
Deed $420,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,708,910 New Conventional
Previous Owner $1,100,000 New Conventional
Previous Owner $806,000 Unknown
Previous Owner $700,000 Credit Line Revolving
Previous Owner $650,000 Unknown
Previous Owner $75,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2023 04/10/23 Sold $1,899,000 0.0% --
04/10/2023 04/10/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $1,899,000 +27.2% --
07/13/2017 07/13/17 Sold $1,492,500 -3.7% --
05/11/2017 05/11/17 Pending -- -- --
03/20/2017 03/20/17 For Sale $1,550,000 -- --
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
2024 $29,402 $679,500 $212,600 $466,900
2023 $29,402 $679,500 $212,600 $466,900
2022 $29,103 $679,500 $212,600 $466,900
2021 $29,334 $679,500 $212,600 $466,900
2020 $29,626 $679,500 $212,600 $466,900
2019 $29,660 $679,500 $212,600 $466,900
2018 $29,470 $679,500 $212,600 $466,900
2017 $29,660 $679,500 $212,600 $466,900
2016 $29,225 $679,500 $212,600 $466,900
2015 $28,655 $679,500 $212,600 $466,900
2014 $27,914 $679,500 $212,600 $466,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3372375

Garden State MLS

APN: 18-01203-0000-00046