NOT LISTED FOR SALE

2 West Ln Summit, NJ 07901

Estimated Value: $1,802,914 - $2,304,000

Studio
-- Bath
2,974 Sq Ft
$673/Sq Ft Est. Value

About This Home

This home is located at 2 West Ln, Summit, NJ 07901 and is currently estimated at $2,001,479, approximately $672 per square foot. 2 West Ln 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2007
Sold by
Mcdonald Steven P and Mcdonald Marta B
Bought by
Kelly Peter P and Kelly Lorraine G
Current Estimated Value
$2,001,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,010,000
Outstanding Balance
$608,632
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,392,847

Purchase Details

Closed on
Mar 27, 2000
Sold by
Radsch Richard T and Radsch Lee H
Bought by
Mcdonald Steven P and Mcdonald Marta B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.3%
Source: Public Records

Range of Values:

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

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ICE

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First American

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Quantarium

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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
Kelly Peter P $1,262,500 None Available
Mcdonald Steven P $850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelly Peter P $1,010,000
Previous Owner Mcdonald Steven P $300,000
Source: Public Records

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 $26,092 $599,000 $293,300 $305,700
2024 $25,919 $599,000 $293,300 $305,700
2023 $25,919 $599,000 $293,300 $305,700
2022 $25,655 $599,000 $293,300 $305,700
2021 $25,859 $599,000 $293,300 $305,700
2020 $26,116 $599,000 $293,300 $305,700
2019 $26,146 $599,000 $293,300 $305,700
2018 $25,979 $599,000 $293,300 $305,700
2017 $26,146 $599,000 $293,300 $305,700
2016 $25,763 $599,000 $293,300 $305,700
2015 $25,260 $599,000 $293,300 $305,700
2014 $24,607 $599,000 $293,300 $305,700
Source: Public Records

Map

New Jersey Union County Summit 07901

2 West Ln, Summit, NJ

Not Listed for Sale

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