NOT LISTED FOR SALE

2 Midland Terrace Summit, NJ 07901

Estimated Value: $1,093,000 - $1,594,000

3 Beds
2 Baths
1,614 Sq Ft
$878/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $980,000 $607 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $8,781/month

9 Days on Market

About This Home

As of April 2021

This home is located at 2 Midland Terrace, Summit, NJ 07901 since 08 February 2021 and is currently estimated at $1,417,570, approximately $878 per square foot. This property was built in 1939. 2 Midland Terrace 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.

Co-Listed By

Suzanne Lear

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808

Last Buyer's Agent

Susan Oldendorp

COMPASS NEW JERSEY, LLC

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1939

Lot Details

  • 7,841

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1939

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Year Built: 1939
  • County Name: Union
  • I D: 5042401
  • Attribution Contact: 908-273-8808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 1.10

Lot Info

  • Lot Size: .189

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2021
Closed on
Apr 14, 2021
Sold by
Paluseo Antonio and Tammaro Brianne Powers
Bought by
Mclaughlin Jeffrey and Failla Alexandria
Buyer's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
List Price
$995,000
Sold Price
$980,000
Premium/Discount to List
-$15,000
-1.51%
Current Estimated Value
$1,417,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,570
Avg. Annual Appreciation
7.93%
Original Mortgage
$520,000
Outstanding Balance
$430,357
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$987,213

Purchase Details

Listed on
Jan 24, 2018
Closed on
May 11, 2018
Sold by
Hardy John and Hardy Glenys
Bought by
Paluseo Anthonia
Seller's Agent
Kim Cannon
PROMINENT PROPERTIES SIR
Buyer's Agent
LINDA PECK
PROMINENT PROPERTIES SIR
List Price
$775,000
Sold Price
$750,000
Premium/Discount to List
-$25,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.59%
Original Mortgage
$686,812
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 5, 2001
Sold by
Coffin Faith
Bought by
Hardy John and Hardy Glenys

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
6.75%

Purchase Details

Closed on
Jan 28, 1999
Sold by
Coffin Stephen and Coffin Faith
Bought by
Coffin Faith
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Mclaughlin Jeffrey $980,000 Allied Title Llc Suite
Paluseo Anthonia $750,000 Acres Land Title Agency Llc
Hardy John $492,500 --
Coffin Faith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclaughlin Jeffrey $520,000
Previous Owner Paluseo Anthonia $686,812
Previous Owner Hardy John $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/15/2021 04/15/21 Sold $980,000 -1.5% $607 / Sq Ft
02/17/2021 02/17/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $995,000 +32.7% $616 / Sq Ft
05/16/2018 05/16/18 Sold $750,000 -3.2% $465 / Sq Ft View Prior Sale
02/23/2018 02/23/18 Pending -- -- --
01/24/2018 01/24/18 For Sale $775,000 -- $480 / Sq Ft
Source: Garden State MLS

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 $17,738 $407,200 $198,900 $208,300
2024 $17,620 $407,200 $198,900 $208,300
2023 $17,620 $407,200 $198,900 $208,300
2022 $17,440 $407,200 $198,900 $208,300
2021 $16,042 $371,600 $198,900 $172,700
2020 $16,202 $371,600 $198,900 $172,700
2019 $16,220 $371,600 $198,900 $172,700
2018 $16,116 $371,600 $198,900 $172,700
2017 $16,220 $371,600 $198,900 $172,700
2016 $15,983 $371,600 $198,900 $172,700
2015 $15,670 $371,600 $198,900 $172,700
2014 $15,265 $371,600 $198,900 $172,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller Co-Listing Agent in 2021

    Suzanne Lear

    PROMINENT PROPERTIES SIR

    (908) 376-2720

    58 in this area

    114 Total Sales

    Suzanne Lear
    Section Image
  • Susan Oldendorp

    Buyer's Agent in 2021

    Susan Oldendorp

    COMPASS NEW JERSEY, LLC

    (201) 400-8714

    47 in this area

    518 Total Sales

    Susan Oldendorp
    Section Image
  • Kim Cannon

    Seller's Agent in 2018

    Kim Cannon

    PROMINENT PROPERTIES SIR

    (609) 947-4493

    93 in this area

    150 Total Sales

    Kim Cannon
    Section Image

  • L

    Buyer's Agent in 2018

    LINDA PECK

    PROMINENT PROPERTIES SIR

  • P

    Buyer Co-Listing Agent in 2018

    PAMELA GUMPORT

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3691063

Garden State MLS

APN: 18-04704-0000-00001

New Jersey Union County Summit 07901

2 Midland Terrace, Summit, NJ

Not Listed for Sale

Detached

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