NOT LISTED FOR SALE

23 Silver Lake Dr Summit, NJ 07901

Estimated Value: $1,857,030 - $2,387,000

4 Beds
4 Baths
-- Sq Ft
0.35 Acres

Last Sold August 26, 2020

Last sale price $1,330,000

Est. 60% increase in value since last sale

Current estimated payment $14,081/month

8 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Marble Flooring
  • L C Johnson Summit Middle School Rated A+
  • Recreation Room
  • Attic

About This Home

As of August 2020

Move right into this impeccably renov 4 BD, 2.2 BA brick col on sought after block in the Brayton Elementary School District w/proximity to Memorial Field, easy access to NYC Midtown Direct train! Situated on bucolic property w/THE BEST entertaining backyard, this home is move-in ready! Stunning renov Gour Kitch w/Wood Mode cabinets, soapstone countertops & Bosch/Sub Zero/Thermador/Kitchen Aid appliances. Gleaming h/w fls t/o. Gorgeous front to back Liv Rm w/fp. Dreamy Home Office. Fab Fam Rm w/custom b/ins. Chic Din Rm w/huge picture window. Amazing indoor/outdoor flow from multiple rms. Large MBR Suite w/custom w/in clst. Fab LL w/Mud Rm, custom Homework Area, Rec Rm & 1000+ bottle Wine Cellar. 23 Silver Lake is unparalleled in its class! **Tax appeal in progress....

Last Agent to Sell the Property

SUSAN ADLER

KELLER WILLIAMS REALTY Listed on: 06/19/2020

Last Buyer's Agent

JILL MARDER-BIRNBERG

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,431

Year Built

  • Built in 1956

Lot Details

  • 0.35 Acre Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener
  • Additional Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Wood Siding
  • Tile

Interior Spaces

  • Wet Bar
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Recreation Room
  • Storage Room
  • Utility Room
  • Attic
  • Finished Basement

Kitchen

  • Butlers Pantry
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio

Schools

  • Brayton Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Baseboard Heater
  • Radiant Heating System
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 2918-05303-0000-00010-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,431

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1956
  • Year Built Description: Approximate
  • County Name: Union
  • Exclusions: See Addendum attached to Sellers Disclosure
  • Street Number Display: 23
  • Directions: Ashland Road to Silver Lake Drive
  • I D: 4991832
  • Modified: 2021-09-23
  • Number Images: 25
  • First Name: SUSAN
  • First Name3: JILL
  • Last Name: ADLER
  • Last Name3: MARDER-BIRNBERG
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Marble, Tile, Wood
  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Disposal, Dryer, Microwave Oven, Refrigerator, OvnWElec, Washer
  • Interior Amenities: Bar-Wet, Carbon Monoxide Detector, Security System, Smoke Detector, StallShw, StallTub, TubShowr, Walk-In Closet
  • Number Rooms: 14
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bathrooms: 2.20
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished
  • Basement Level Rooms: MudRoom, Powder Room, Rec Room, SeeRem, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: First
  • Kitchen Area: Center Island, Pantry, Separate Dining Area
  • Kitchen Dim: 18x18
  • Kitchen Level: First
  • Living Room Dim: 16x28
  • Living Room Level: First
  • Other Room 1: Breakfast
  • Other Room1 Dim: 10x9
  • Other Room1 Level: First
  • Other Room 2: Foyer
  • Other Room2 Dim: 15x11
  • Other Room2 Level: First
  • Other Room 3: Rec Room
  • Other Room3 Dim: 15x26
  • Other Room3 Level: Basement
  • Other Room 4: MudRoom
  • Other Room4 Dim: 11x5
  • Other Room4 Level: Basement
  • Level 1 Rooms: Breakfast Room, Den, Dining Room, Family Room, Foyer, Kitchen, Laundry Room, Living Room, Pantry, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Attic
  • Phone: 908-273-2991

Exterior Features

  • Exterior Description: Brick, Wood
  • Exterior Features: Deck, Patio, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Built-In Garage, Garage Door Opener, Oversize Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: Additional Parking, Blacktop

Utilities

  • Cooling: Central Air, Multi-Zone Cooling
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Electric, Forced Hot Air, Multi-Zone, Radiant - Hot Water
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Schools

  • Elementary School: Brayton
  • Middle School: Summit MS
  • High School: Summit HS
  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 0.35
  • Assessed Improvement Value: 393000
  • Assessed Land Value: 350000
  • Assessment: 743000
  • Easement: Unknown
  • Lot Identifier: 10
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.35

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 32431
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-05303-0000-00010-0000-
  • 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: Brayton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2020
Closed on
Aug 26, 2020
Sold by
Colao John C and Colao Kathryn A
Bought by
Rosenbaum Adam and Hutter Melissa
Seller's Agent
SUSAN ADLER
KELLER WILLIAMS REALTY
Buyer's Agent
JILL MARDER-BIRNBERG
PROMINENT PROPERTIES SIR
List Price
$1,299,000
Sold Price
$1,330,000
Premium/Discount to List
$31,000
2.39%
Total Days on Market
8
Current Estimated Value
$2,123,008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$793,008
Avg. Annual Appreciation
9.50%
Original Mortgage
$1,064,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 1997
Sold by
Roche Francis X and Roche Cathleen C
Bought by
Colao John C and Colao Kathryn A

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
6.25%

Purchase Details

Closed on
May 30, 1995
Sold by
Flanagan Mildred R and Flanagan John J
Bought by
Roche Ii Francis X and Roche Cathleen C
Source: Public Records

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Range of Values:

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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
Rosenbaum Adam $1,330,000 Fidelity National Ttl Ins Co
Colao John C $718,000 --
Roche Ii Francis X $700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosenbaum Adam $1,050,000
Closed Rosenbaum Adam $1,064,000
Previous Owner Colao John C $500,000
Previous Owner Colao John C $400,000
Previous Owner Colao John C $250,000
Previous Owner Colao John C $480,150
Previous Owner Colao John C $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2020 08/26/20 Sold $1,330,000 +2.4% --
06/27/2020 06/27/20 Pending -- -- --
06/19/2020 06/19/20 For Sale $1,299,000 -- --
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 $25,962 $600,000 $350,000 $250,000
2023 $25,962 $600,000 $350,000 $250,000
2022 $25,698 $600,000 $350,000 $250,000
2021 $32,075 $743,000 $350,000 $393,000
2020 $32,395 $743,000 $350,000 $393,000
2019 $32,432 $743,000 $350,000 $393,000
2018 $32,224 $743,000 $350,000 $393,000
2017 $32,432 $743,000 $350,000 $393,000
2016 $31,956 $743,000 $350,000 $393,000
2015 $31,332 $743,000 $350,000 $393,000
2014 $30,522 $743,000 $350,000 $393,000
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Garden State MLS

MLS Number: 3641939

Garden State MLS

APN: 18-05303-0000-00010