NOT LISTED FOR SALE

205 Summit Ave Pompton Lakes, NJ 07442

Estimated Value: $778,000 - $1,094,000

2 Beds
1 Bath
22,952 Sq Ft
$40/Sq Ft Est. Value

Last Sold July 10, 2017

Last sale price $562,500 $25 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $6,594/month

273 Days on Market

Highlights

  • 0.53 Acre Lot
  • Country Kitchen
  • Forced Air Heating and Cooling System
  • Colonial Architecture
  • 2 Car Attached Garage
  • Ceiling Fan

About This Home

As of July 2017

Lakefront Colonial w/ FANTASTIC lake and mountain views.Charm & Character featured throughout this custom built & spacious home. LR W/tray ceiling, DRM, Country kitchen w/ample cabinetry. Main level laundry Rm, and 4 spacious bedrooms and a huge master suite W/MBATH W/Jacuzzi & stall shower. There is a well-working generator in this home. MBR has own private deck with a great view overlooking the lake. The FR features a fireplace with more views. Very large Unfinished basement. All located on a non-through street & all year-round seasonal views. Great Curb appeal.

Last Agent to Sell the Property

IRENE I CHO

HARVEST PROPERTY & INVESTMENT LLC Listed on: 10/10/2016

Last Buyer's Agent

Joseph Palermo

HOWARD HANNA RAND REALTY

HOWARD HANNA RAND REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,874

Year Built

  • Built in 1971

Lot Details

  • 0.53 Acre Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 22,952 Sq Ft Home
  • Ceiling Fan
  • Gas Fireplace
  • Carbon Monoxide Detectors

Kitchen

  • Country Kitchen
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 2509-06702-0000-00082-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,874

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial, Multi Floor Unit
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1971
  • Year Built Description: Approximate
  • County Name: Passaic
  • Directions: Pompton Ave to Summit Ave
  • I D: 4663897
  • First Name: IRENE I
  • First Name3: JOSEPH R
  • Last Name: CHO
  • Last Name3: PALERMO
  • Office Phone3: 973-694-6500
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Description: Gas Fireplace
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, OvnWElec, CookElec, Refrigerator, Washer, Dishwasher, Self Cleaning Oven, Dryer, Microwave Oven, Sump Pump
  • Bedrooms: 2
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished, Full, Slab
  • Kitchen Area: Country Kitchen
  • Estimated Sq Ft: 22952
  • Phone: 201-346-0200

Exterior Features

  • Exterior Description: Aluminum Siding, Brick, Vinyl Siding
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 1 Car Width, 2 Car Width, Blacktop

Utilities

  • Cooling: 1 Unit, Ceiling Fan, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 90X255 AV
  • Easement: Unknown
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.53

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 20874
  • Assessor Parcel Number: 2509-06702-0000-00082-0000-
  • Tax Rate Amount: 6.832
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2016
Closed on
Jul 7, 2017
Sold by
Lee Soo On
Bought by
Tam David and Tam Cynthia
Seller's Agent
IRENE I CHO
HARVEST PROPERTY & INVESTMENT LLC
Buyer's Agent
Joseph Palermo
HOWARD HANNA RAND REALTY
List Price
$579,000
Sold Price
$562,500
Premium/Discount to List
-$16,500
-2.85%
Current Estimated Value
$929,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$366,812
Avg. Annual Appreciation
6.10%
Original Mortgage
$450,000
Outstanding Balance
$373,874
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$555,438

Purchase Details

Closed on
Jul 14, 2003
Sold by
Janusz Nancy
Bought by
Lee Ian and Lee Soo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.27%
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
Tam David $562,500 Land Quaest Title Llc
Lee Ian $617,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tam David $450,000
Previous Owner Lee Ian $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2017 07/10/17 Sold $562,500 -2.8% $25 / Sq Ft
07/10/2017 07/10/17 Pending -- -- --
10/10/2016 10/10/16 For Sale $579,000 -- $25 / 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 $20,701 $525,000 $172,800 $352,200
2024 $20,134 $525,000 $172,800 $352,200
2022 $19,982 $525,000 $172,800 $352,200
2021 $19,766 $525,000 $172,800 $352,200
2020 $20,701 $551,000 $172,800 $378,200
2019 $20,216 $551,000 $172,800 $378,200
2018 $19,864 $551,000 $172,800 $378,200
2017 $21,105 $303,500 $73,400 $230,100
2016 $20,625 $303,500 $73,400 $230,100
2015 $20,735 $303,500 $73,400 $230,100
2014 $20,134 $303,500 $73,400 $230,100
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2017

    IRENE I CHO

    HARVEST PROPERTY & INVESTMENT LLC

  • Joseph Palermo

    Buyer's Agent in 2017

    Joseph Palermo

    Rand Realty

    (973) 628-9931

    Joseph Palermo
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Map

Source: Garden State MLS

MLS Number: 3341922

Garden State MLS

APN: 09-06702-0000-00082

New Jersey Passaic County Pompton Lakes 07442

205 Summit Ave, Pompton Lakes, NJ

Not Listed for Sale

Detached

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