NOT LISTED FOR SALE

23 Fernwood Rd Summit, NJ 07901

Estimated Value: $3,149,513 - $3,531,000

5 Beds
4.5 Baths
4,337 Sq Ft
$762/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $2,750,000 $634 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $22,000/month

31 Days on Market

Highlights

  • Colonial Architecture
  • Family Room with Fireplace
  • Sun or Florida Room
  • L C Johnson Summit Middle School Rated A+
  • Wood Flooring
  • High Ceiling

About This Home

As of May 2021

Poised On One Of Summit's Most Desirable Northside Streets, This Architecturally Impressive Colonial Has Everything Today's Buyer Is Looking For! Custom Crown Moldings, Oversized Windows with Front to Back Views Add Distinction To The Formal Living Room, Dining Room Enhanced with a Wall of Windows. Gourmet Kitchen With Gleaming White Marble Countertops Opens to A Dramatic High Beamed Ceiling Great Room, Gas FP, Marble Topped Wet Bar With Wine Fridge Sets The Stage For Gracious Entertaining. Home Office, Powder Room, and Sunroom complete this Level. 2nd floor is Host to a Private Master Suite, WIC, Luxurious Bath,3 Additional Bedrooms,Two Baths and 2nd Fl Laundry. Third Level Boasts Bedroom/Sitting Rm, Huge Spa Bath, Two Walk in Closets. Fabulous Location Just Blocks to Town, Train and Schools!

Last Listed By

ELLEN WOHL

PROMINENT PROPERTIES SIR Listed on: 01/26/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,135

Year Built

  • Built in 1907 | Remodeled

Lot Details

  • 0.34

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Tile

Interior Spaces

  • Wet Bar
  • Beamed Ceilings
  • High Ceiling
  • Wood Burning Fireplace
  • Gas Fireplace
  • Shades
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Family Room with entrance to outdoor space
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Sun or Florida Room
  • Storage Room
  • Utility Room
  • Home Gym
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Garage Access
  • Front Basement Entry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Standard Electricity
  • Gas Water Heater

Additional Features

  • Patio
  • Sprinkler System

Listing and Financial Details

  • Assessor Parcel Number 2918-02302-0000-00008-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,135

Year Built

Built in 1907 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1907
  • Year Built Description: Approximate, Renovated
  • County Name: Union
  • Exclusions: Exterior TV on patio
  • Renovated Year: 2018
  • Street Number Display: 23
  • Directions: Whittridge to Fernwood or Ridge to Fernwood
  • I D: 5044776
  • Modified: 2022-05-18
  • Number Images: 25
  • First Name: ELLEN
  • First Name3: MARJORIE
  • Last Name: WOHL
  • Last Name3: GOLDSTEIN
  • Office Phone: 908-273-8808
  • Office Phone3: 973-488-1229
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2018

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Family Room, Gas Fireplace, Living Room, Wood Burning
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Bar-Wet, Beam Ceilings, Blinds, Carbon Monoxide Detector, Drapes, High Ceilings, Security System, Shades, Smoke Detector, SoakTub, StallShw, Walk-In Closet
  • Number Rooms: 12
  • Bedrooms: 5
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Walkout
  • Basement Level Rooms: Exercise Room, GarEnter, Laundry Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: First
  • Kitchen Area: Eat-In Kitchen, Pantry
  • Kitchen Dim: 17x15
  • Kitchen Level: First
  • Living Room Dim: 25x16
  • Living Room Level: First
  • Other Room 1: Office
  • Other Room1 Dim: 16x10
  • Other Room1 Level: First
  • Other Room2 Dim: 10x9
  • Other Room2 Level: First
  • Other Room 3: Bedroom
  • Other Room3 Dim: 23x16
  • Other Room3 Level: Third
  • Other Room 4: Rec Room
  • Other Room4 Dim: 24x14
  • Other Room4 Level: Basement
  • Level 1 Rooms: Dining Room, Entrance Vestibule, Family Room, Foyer, Kitchen, Living Room, Office, OutEntrn, Pantry, Powder Room, Sunroom
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, Laundry Room
  • Level 3 Rooms: 1 Bedroom, Bath(s) Other, SittngRm, Storage Room
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Stucco
  • Exterior Features: Barbeque, Curbs, OutDrKit, Patio, Sidewalk, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

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

Utilities

  • Cooling: 4 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 4 Units, Forced Hot Air, 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: .344AC
  • Assessed Improvement Value: 649300
  • Assessed Land Value: 344000
  • Assessment: 993300
  • Easement: Unknown
  • Lot Identifier: 8
  • Lot I D Tax: *
  • Lot Size Tax: *

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 42135
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-02302-0000-00008-0000-
  • 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
Jan 26, 2021
Closed on
May 14, 2021
Sold by
Hamlet Brian J
Bought by
Perenchio Lauren and Hersh Allan
Seller's Agent
ELLEN WOHL
PROMINENT PROPERTIES SIR
Buyer's Agent
MARJORIE GOLDSTEIN
WEICHERT REALTORS
List Price
$2,800,000
Sold Price
$2,750,000
Premium/Discount to List
-$50,000
-1.79%
Total Days on Market
31
Current Estimated Value
$3,306,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$556,171
Avg. Annual Appreciation
4.70%

Purchase Details

Listed on
Mar 1, 2013
Closed on
Mar 1, 2013
Sold by
Bernstein Jason and Bernstein Betsy
Bought by
Hamlet Brian J
Seller's Agent
AIMEE M. FEELEY
LOIS SCHNEIDER REALTOR
Sold Price
$2,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.33%

Purchase Details

Closed on
Jul 31, 2003
Sold by
Ohaus James
Bought by
Bernstein Jason and Bernstein Betsy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.52%

Purchase Details

Closed on
Apr 1, 1998
Sold by
Gagnon Brian J and Gagnon Christian B
Bought by
Ohaus James and Chaus Paula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7%

Purchase Details

Closed on
Oct 14, 1994
Sold by
Decker William C and Decker Ellen R
Bought by
Gagnon Brian J and Gagnon Christian B

Range of Values:

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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
Perenchio Lauren $2,750,000 Weichart Title Agency
Perenchio Lauren $2,750,000 Fidelity National Title
Hamlet Brian J $2,100,000 --
Bernstein Jason $1,900,000 --
Ohaus James $1,410,000 --
Gagnon Brian J $700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hamlet Brian $1,500,000
Previous Owner Bernstein Jason $1,200,000
Previous Owner Bernstein Jason $1,100,000
Previous Owner Ohaus James $400,000
Previous Owner Ohaus James G $100,000
Previous Owner Ohaus James $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2021 05/17/21 Sold $2,750,000 -1.8% $634 / Sq Ft
02/26/2021 02/26/21 Pending -- -- --
01/26/2021 01/26/21 For Sale $2,800,000 +33.3% $646 / Sq Ft
03/01/2013 03/01/13 Sold $2,100,000 -- $484 / 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
2024 $42,980 $993,300 $344,000 $649,300
2023 $42,980 $993,300 $344,000 $649,300
2022 $42,543 $993,300 $344,000 $649,300
2021 $42,881 $993,300 $344,000 $649,300
2020 $43,308 $993,300 $344,000 $649,300
2019 $42,135 $965,300 $344,000 $621,300
2018 $41,865 $965,300 $344,000 $621,300
2017 $42,135 $965,300 $344,000 $621,300
2016 $41,518 $965,300 $344,000 $621,300
2015 $40,707 $965,300 $344,000 $621,300
2014 $39,655 $900,000 $344,000 $556,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3689236

Garden State MLS

APN: 18-02302-0000-00008