NOT LISTED FOR SALE

226 Hobart Ave Summit, NJ 07901

Summit Area

Estimated Value: $3,824,793 - $4,313,000

7 Beds
5 Baths
-- Sq Ft
1.94 Acre Lot

Sale Details

Date Sold: July 16, 2021

Last sale price $2,650,000

Est. 53% increase in value since last sale

Current estimated payment $26,733 / mo

195 Days on Market

About This Home

As of July 2021

This home is located at 226 Hobart Ave, Summit, NJ 07901 since 22 October 2020 and is currently estimated at $4,053,931. This property was built in 1908. 226 Hobart Ave is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Kent Place School.

Co-Listed By

ALLISON B LEES

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808

Last Buyer's Agent

SUSAN ADLER

KELLER WILLIAMS REALTY

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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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1908

Lot Details

  • 1.94 Acre Lot

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1908

Lot Details

1.94 Acres

Listing Details

  • Year Built: 1908
  • County Name: Union
  • I D: 5022064
  • Attribution Contact: 908-273-8808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 7
  • Bathrooms: 4.10

Lot Info

  • Lot Size: 395X214
  • Total Acres: 1.94

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2020
Closed on
Jun 15, 2021
Sold by
Bought by
Buyer's Agent
SUSAN ADLER
KELLER WILLIAMS REALTY
List Price
$3,150,000
Sold Price
$2,650,000
Premium/Discount to List
-$500,000
-15.87%
Current Estimated Value
$4,053,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,403,931
Avg. Annual Appreciation
8.71%
Original Mortgage
$2,000,000
Outstanding Balance
$1,776,827
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$2,277,104

Purchase Details

Closed on
Sep 5, 2017
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Summit, NJ

  • Donald Hansen Real Estate Agent - C-21 NEW BEGINNINGS

    Donald Hansen

    C-21 NEW BEGINNINGS

    (908) 503-2639

    61 Total Sales

    1 in Summit

    $400,000 Price

    Donald Hansen
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  • Antje Virostek Real Estate Agent - RE/MAX SELECT - Rockaway

    Antje Virostek

    RE/MAX SELECT - Rockaway

    (551) 244-7405

    48 Total Sales

    1 in Summit

    $385,000 Price

    Antje Virostek
     Section Image
  • Pamela 'Jill' Sockwell Real Estate Agent - COMPASS NEW JERSEY, LLC

    Pamela 'Jill' Sockwell

    COMPASS NEW JERSEY, LLC

    (917) 634-3370

    141 Total Sales

    2 in Summit

    $805K - $999K Price Range

    Pamela 'Jill' Sockwell
     Section Image
  • Tricia Himawan Real Estate Agent - Weichert Realtors, Short Hills

    Tricia Himawan

    Weichert Realtors, Short Hills

    (862) 292-9012

    33 Total Sales

    1 in Summit

    $1,815,000 Price

    Tricia Himawan
     Section Image
  • Victoria Cannizzo Real Estate Agent - REAL

    Victoria Cannizzo

    REAL

    (862) 829-3427

    83 Total Sales

    4 in Summit

    $465K - $1.7M Price Range

    Victoria Cannizzo
     Section Image
  • Sean Quinn Real Estate Agent - COMPASS NEW JERSEY, LLC

    Sean Quinn

    COMPASS NEW JERSEY, LLC

    (862) 860-1996

    46 Total Sales

    1 in Summit

    $520,000 Price

    Sean Quinn
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,650,000 A Absolute Settlement Co Inc
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/16/2021 07/16/21 Sold $2,650,000 -5.4% --
05/05/2021 05/05/21 Pending -- -- --
01/08/2021 01/08/21 Price Changed $2,800,000 -11.1% --
10/22/2020 10/22/20 For Sale $3,150,000 -- --
Source: Garden State MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $53,406 $1,194,500 $551,900 $642,600
2025 $53,406 $1,194,500 $551,900 $642,600
2024 $51,686 $1,194,500 $551,900 $642,600
2023 $51,686 $1,194,500 $551,900 $642,600
2022 $51,160 $1,194,500 $551,900 $642,600
2021 $51,567 $1,194,500 $551,900 $642,600
2020 $52,080 $1,194,500 $551,900 $642,600
2019 $52,140 $1,194,500 $551,900 $642,600
2018 $51,805 $1,194,500 $551,900 $642,600
2017 $52,140 $1,194,500 $551,900 $642,600
2016 $51,375 $1,194,500 $551,900 $642,600
2015 $50,372 $1,194,500 $551,900 $642,600
2014 $49,070 $1,194,500 $551,900 $642,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller Co-Listing Agent in 2021

    ALLISON B LEES

    PROMINENT PROPERTIES SIR

  • S

    Buyer's Agent in 2021

    SUSAN ADLER

    KELLER WILLIAMS REALTY

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Map

Source: Garden State MLS

MLS Number: 3673693

Garden State MLS

APN: 18-02203-0000-00002

New Jersey Union County Summit 07901

226 Hobart Ave, Summit, NJ

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