NOT LISTED FOR SALE

23 Gates Ave Summit, NJ 07901

Estimated Value: $888,079 - $1,108,000

Studio
-- Bath
-- Sq Ft
9,148 Sq Ft Lot

Sale Details

Date Sold: September 17, 2021

Last sale price $635,000

Est. 61% increase in value since last sale

Current estimated payment $6,369 / mo

32 Days on Market

About This Home

As of September 2021

This home is located at 23 Gates Ave, Summit, NJ 07901 since 08 July 2021 and is currently estimated at $1,024,270. This property was built in 1955. 23 Gates 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.

Last Agent to Sell the Property

Donna Mattina

COLDWELL BANKER REALTY Brokerage Phone: 973-377-4444 Listed on: 07/08/2021

COLDWELL BANKER REALTY

Co-Listed By

PEGGY LEE PETERSON

COLDWELL BANKER REALTY Brokerage Phone: 973-377-4444

Last Buyer's Agent

Alyssa Pereira

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 9,148

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Year Built: 1955
  • County Name: Union
  • I D: 5086248
  • Attribution Contact: 973-377-4444
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 59X155

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Sep 10, 2021
Sold by
Reimers Linda Anne and Granato Rosemary T
Bought by
Cheng Helen
Seller's Agent
Donna Mattina
COLDWELL BANKER REALTY
Buyer's Agent
Alyssa Pereira
COLDWELL BANKER REALTY
List Price
$765,000
Sold Price
$635,000
Premium/Discount to List
-$130,000
-16.99%
Current Estimated Value
$1,024,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,270
Avg. Annual Appreciation
11.13%
Original Mortgage
$476,250
Outstanding Balance
$433,352
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$590,918

Purchase Details

Closed on
Jan 28, 2020
Sold by
Reimers Linda
Bought by
Granato Rosemary T

Purchase Details

Closed on
Jun 3, 2019
Sold by
Granato Rosemary T
Bought by
Reimers Linda and Granato Rosemary T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Cheng Helen $635,000 New Millennium Title Agency
Granato Rosemary T -- None Available
Reimers Linda -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Helen $476,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2021 09/17/21 Sold $635,000 +6.0% --
08/09/2021 08/09/21 Pending -- -- --
07/23/2021 07/23/21 Price Changed $599,000 -16.2% --
07/21/2021 07/21/21 Price Changed $714,999 -6.5% --
07/08/2021 07/08/21 For Sale $765,000 -- --
Source: Garden State MLS

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 $10,237 $235,000 $110,500 $124,500
2024 $10,168 $235,000 $110,500 $124,500
2023 $10,168 $235,000 $110,500 $124,500
2022 $10,065 $235,000 $110,500 $124,500
2021 $10,145 $235,000 $110,500 $124,500
2020 $10,246 $235,000 $110,500 $124,500
2019 $10,258 $235,000 $110,500 $124,500
2018 $10,192 $235,000 $110,500 $124,500
2017 $10,258 $235,000 $110,500 $124,500
2016 $10,107 $235,000 $110,500 $124,500
2015 $9,660 $235,000 $110,500 $124,500
2014 $9,404 $235,000 $110,500 $124,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3726088

Garden State MLS

APN: 18-00505-0000-00010

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