NOT LISTED FOR SALE

223 Summit Ave Lyndhurst, NJ 07071

Estimated Value: $746,942 - $876,000

4 Beds
2.5 Baths
1,856 Sq Ft
$431/Sq Ft Est. Value

Last Sold July 11, 2023

Last sale price $645,000 $348 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,181/month

15 Days on Market

About This Home

As of July 2023

Centrally located 2 family home features living room, large eat-in kitchen, master bedroom, 2nd bedroom and full bath on each floor. Finished and basement with laundry, utilities and 1/4 bath. Newer kitchen and bath on first floor, hardwood floors, many updated windows and 4 year old roof (one layer). House is heated by oil (oil tank above ground in yard). Driveway leads to fenced yard with in ground pool. Located on quiet, residential street, yet only a short walk to Ridge Road, transportation and Shop Rite Mall! OWNER RESERVES THE OPTION TO LEASE BACK FIRST FLOOR AND BASEMENT FOR UP TO 6 MONTHS AFTER CLOSING IN ORDER TO FIND SUITABLE HOUSING.

Last Agent to Sell the Property

Kathleen Savino

Coccia Realty Better Homes & Gardens-Lyndhurst Listed on: 04/10/2023

Coccia Realty Better Homes & Gardens-Lyndhurst

Last Buyer's Agent

Michael Personette

Group Twenty Six, LLC

Group Twenty Six, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,400

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 50x100

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

  • Laundry in Basement

Listing and Financial Details

  • Legal Lot and Block 00010 / 00095

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,400

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: 201-939-8900
  • MLS Status: Sold - Sold
  • Directions: New York Ave to Summit Aver
  • Architectural Style: 2 Family
  • Year Built Details: 1940's,Renovated,Build Prior to 1978
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Basement Remarks: Finished, 1/4 Bath, Laundry, Utilities

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected

Lot Info

  • Lot Dimensions: 50x100
  • Lot Size Sq Ft: 5001.0

Tax Info

  • Tax Annual Amount: 10400.0
  • Tax Block: 00095
  • Tax Lot: 00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2023
Closed on
Jul 6, 2023
Sold by
Gaccione Donna Marie
Bought by
Rosario Erick Manuel
Seller's Agent
Kathleen Savino
Coccia Realty Better Homes & Gardens-Lyndhurst
Buyer's Agent
Michael Personette
Group Twenty Six, LLC
List Price
$595,000
Sold Price
$645,000
Premium/Discount to List
$50,000
8.4%
Views
327
Current Estimated Value
$800,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,236
Avg. Annual Appreciation
9.05%
Original Mortgage
$623,473
Outstanding Balance
$608,378
Interest Rate
6.71%
Mortgage Type
FHA
Estimated Equity
$191,858

Purchase Details

Closed on
Nov 19, 2015
Sold by
Gaccione Donna Marie and Morici Epifanio
Bought by
Gaccione Donna Marie
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 Buyer Sale Price Title Company
Rosario Erick Manuel $645,000 American Land Title
Redacted Upon Request $645,000 American Land Title
Gaccione Donna Marie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Redacted Upon Request $623,473
Closed Redacted Upon Request $623,473
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2023 07/11/23 Sold $645,000 +8.4% $348 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $595,000 -- $321 / Sq Ft
Source: New Jersey 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 $11,967 $579,700 $311,500 $268,200
2024 $11,526 $573,700 $308,500 $265,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 23010186

New Jersey MLS

APN: 32-00095-0000-00010