NOT LISTED FOR SALE

225 Summit Ave Summit, NJ 07901

Estimated Value: $2,321,000 - $2,530,000

4 Beds
3.5 Baths
3,260 Sq Ft
$750/Sq Ft Est. Value

Last Sold October 19, 2020

Last sale price $1,550,000 $475 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $15,529/month

63 Days on Market

Highlights

  • Sitting Area In Primary Bedroom
  • 0.92 Acre Lot
  • Deck
  • L C Johnson Summit Middle School Rated A+
  • Colonial Architecture
  • Recreation Room

About This Home

As of October 2020

Nestled on a private acre, this completely updated and transformed Northside custom home is a prefect blend of style and charm, filled with natural light. A two-story Foyer, a fireside LR, custom centre island Kitchen with work station and built-in banquette seating, a FR perfect for entertaining with access to inviting Front Deck, an ensuite BR, Powder Room with Laundry and patio access round out the main level. The crisp Master Suite, one of three Bedrooms, includes a Sitting Room/Office, custom fitted walk-in Closet , a luxurious Bath and a private Deck. Finally, a Lower Level features a custom Mudroom with access to the two-car Garage, a Recreation Room and ample storage.

Last Agent to Sell the Property

Suzanne Lear

PROMINENT PROPERTIES SIR Listed on: 06/30/2020

Last Buyer's Agent

Saritte Harel

KELLER WILLIAMS REALTY

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,869

Year Renovated

  • 2015

Lot Details

  • 0.92 Acre Lot
  • Level Lot
  • Flag Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Composition Shingle
  • Tile

Interior Spaces

  • Wood Burning Fireplace
  • Thermal Windows
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Storage Room
  • Wood Flooring
  • Partially Finished Basement
  • Sump Pump

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Zoned Heating and Cooling System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-02201-0000-00005-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,869

Year Renovated

2015

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • County Name: Union
  • Renovated Year: 2015
  • Street Number Display: 225
  • Directions: Driveway between Ridge and OxBow
  • I D: 4994674
  • Modified: 2021-10-20
  • Number Images: 25
  • Section Subdiv Development: Northside
  • First Name: SUZANNE
  • First Name3: SARITTE
  • Last Name: LEAR
  • Last Name3: HAREL
  • Office Phone: 908-868-5245
  • Office Phone3: 973-376-0033 x380
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2015

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Generator-Built-In, Range/Oven-Gas, Refrigerator, Sump Pump, Washer
  • Interior Amenities: Walk-In Closet
  • Number Rooms: 9
  • Bedrooms: 4
  • Master Bedroom Desc: Dressing Room, Full Bath, Sitting Room
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: First
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Basement Level Rooms: Rec Room, Storage Room
  • Dining Room Level: First
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Dim: 23x12
  • Kitchen Level: First
  • Living Room Dim: 27x15
  • Living Room Level: First
  • Other Room 1: Office
  • Other Room1 Dim: 17x13
  • Other Room1 Level: Second
  • Other Room 2: Rec Room
  • Other Room2 Dim: 24x13
  • Other Room2 Level: Basement
  • Other Room 3: MudRoom
  • Other Room3 Dim: 11x8
  • Other Room3 Level: First
  • Other Room 4: MudRoom
  • Other Room4 Dim: 16x8
  • Other Room4 Level: Ground
  • Level 1 Rooms: 1 Bedroom, Bath(s) Other, Dining Room, Family Room, Foyer, Kitchen, Laundry Room, LivDinRm, MudRoom, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other, Office
  • Ground Level Rooms: MudRoom
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Composition Shingle
  • Exterior Features: Deck, Patio, Thermal Windows/Doors, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Built-In Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 1 Car Width

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Baseboard - Hotwater, Multi-Zone
  • Sewer: Public Sewer
  • Utilities: Electric, 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: .922AC
  • Assessed Improvement Value: 317600
  • Assessed Land Value: 389600
  • Assessment: 707200
  • Easement: Unknown
  • Lot Description: Flag Lot, Level Lot
  • Lot Identifier: 5
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.92

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 30869
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-02201-0000-00005-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.365
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2020
Closed on
Oct 1, 2020
Sold by
Vidal Jean and Vidal Catherine Suzanne
Bought by
Issa Ramzi and Soi Foteini Lito
Seller's Agent
Suzanne Lear
PROMINENT PROPERTIES SIR
Buyer's Agent
Saritte Harel
KELLER WILLIAMS REALTY
List Price
$1,599,000
Sold Price
$1,550,000
Premium/Discount to List
-$49,000
-3.06%
Current Estimated Value
$2,444,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$894,853
Avg. Annual Appreciation
9.66%
Original Mortgage
$1,240,000
Outstanding Balance
$1,094,129
Interest Rate
2.47%
Mortgage Type
New Conventional
Estimated Equity
$1,350,724

Purchase Details

Closed on
Dec 30, 2014
Sold by
Zhao Verity Robert and Zhao Hui Jin
Bought by
Vidal Jean and Vidal Catherine Suzanne Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2004
Sold by
Poutanen Heikki
Bought by
Zhao Verity Robert and Zhao Hui Jin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Interest Rate
5.73%

Purchase Details

Closed on
Jan 27, 2003
Sold by
Levitan Peter
Bought by
Poutanen Heikki and Aubert Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.98%

Purchase Details

Closed on
Mar 14, 1996
Sold by
Fabozzi Frank J
Bought by
Levitan Peter and Levitan Mary Lee

Purchase Details

Closed on
Jul 6, 1995
Sold by
Fabozzi Teresa Garlicki
Bought by
Fabozzi Frank J
Source: Public Records

Range of Values:

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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
Issa Ramzi $1,550,000 Acres Land Title Agency Inc
Vidal Jean $1,310,000 Acres Land Title Agency Llc
Zhao Verity Robert $1,551,888 --
Poutanen Heikki $1,240,000 --
Levitan Peter $554,500 --
Fabozzi Frank J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Issa Ramzi $1,240,000
Previous Owner Vidal Jean $1,000,000
Previous Owner Zhao Verity Robert $999,000
Previous Owner Poutanen Heikki $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2020 10/19/20 Sold $1,550,000 -3.1% $475 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $1,599,000 -- $490 / 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 $30,806 $707,200 $389,600 $317,600
2024 $30,601 $707,200 $389,600 $317,600
2023 $30,601 $707,200 $389,600 $317,600
2022 $30,289 $707,200 $389,600 $317,600
2021 $30,530 $707,200 $389,600 $317,600
2020 $30,834 $707,200 $389,600 $317,600
2019 $30,869 $707,200 $389,600 $317,600
2018 $26,130 $602,500 $389,600 $212,900
2017 $26,299 $602,500 $389,600 $212,900
2016 $25,914 $602,500 $389,600 $212,900
2015 $25,407 $602,500 $389,600 $212,900
2014 $24,751 $602,500 $389,600 $212,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3644503

Garden State MLS

APN: 18-02201-0000-00005