NOT LISTED FOR SALE

232 Oak Ridge Ave Summit, NJ 07901

Estimated Value: $2,629,000 - $3,715,000

5 Beds
6 Baths
3,496 Sq Ft
$906/Sq Ft Est. Value

Last Sold October 14, 2020

Last sale price $2,450,000 $701 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $21,247/month

53 Days on Market

About This Home

As of October 2020

This home is located at 232 Oak Ridge Ave, Summit, NJ 07901 since 24 June 2020 and is currently estimated at $3,166,742, approximately $905 per square foot. 232 Oak Ridge Ave is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

Last Agent to Sell the Property

Kim Cannon

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808 Listed on: 06/24/2020

Last Buyer's Agent

CYNTHIA BAKER

LOIS SCHNEIDER REALTOR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,270

Lot Details

  • 0.64 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,270

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 232
  • I D: 4975235
  • Modified: 2025-05-23
  • Number Images: 0
  • Attribution Contact: 908-273-8808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 5.10

Lot Info

  • Lot Size: 0.638
  • Total Acres: 0.64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2020
Closed on
Oct 14, 2020
Sold by
Bonnet Fred W and Bonnet Veronica S
Bought by
Parker John Rutledge and Greenwalt Lacey
Seller's Agent
Kim Cannon
PROMINENT PROPERTIES SIR
Buyer's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
List Price
$2,750,000
Sold Price
$2,450,000
Premium/Discount to List
-$300,000
-10.91%
Current Estimated Value
$3,221,914

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$771,914
Avg. Annual Appreciation
6.29%
Original Mortgage
$1,837,500
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2012
Sold by
Bonnet Michael F
Bought by
Bonnet Fred W and Bonnet Michael F

Purchase Details

Closed on
Mar 25, 2008
Sold by
Rutter Mary T and Rutter David E
Bought by
Bonnet Michael F and Bonnet Veronica S

Purchase Details

Closed on
Dec 28, 1994
Sold by
Rutter David E and Rutter Mary T
Bought by
Rutter Mary T
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Parker John Rutledge $2,450,000 Zinn Title Agency Llc
Bonnet Fred W -- Chicago Title Insurance Co
The Veronica S Bonnet 2012 Qualified Per -- Chicago Title Insurance Co
Bonnet Michael F -- Chicago Title Insurance Co
Bonnet Michael F $2,650,000 None Available
Rutter Mary T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parker John Rutledge $1,837,500
Previous Owner Bonnet Fred W $1,326,804
Previous Owner Bonnet Michael F $1,300,000
Previous Owner Rutter Mary T $1,000,000
Previous Owner Rutter Mary T $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2020 10/14/20 Sold $2,450,000 -3.9% $701 / Sq Ft
08/16/2020 08/16/20 Pending -- -- --
07/24/2020 07/24/20 Price Changed $2,550,000 -7.3% $729 / Sq Ft
06/24/2020 06/24/20 For Sale $2,750,000 -- $787 / 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 $43,270 $1,000,000 $471,400 $528,600
2023 $43,270 $1,000,000 $471,400 $528,600
2022 $42,830 $1,000,000 $471,400 $528,600
2021 $43,170 $1,000,000 $471,400 $528,600
2020 $43,600 $1,000,000 $471,400 $528,600
2019 $43,650 $1,000,000 $471,400 $528,600
2018 $43,370 $1,000,000 $471,400 $528,600
2017 $48,216 $1,104,600 $471,400 $633,200
2016 $47,509 $1,104,600 $471,400 $633,200
2015 $46,581 $1,104,600 $471,400 $633,200
2014 $45,377 $1,104,600 $471,400 $633,200
Source: Public Records

Agents Affiliated with this Home

  • Kim Cannon

    Seller's Agent in 2020

    Kim Cannon

    PROMINENT PROPERTIES SIR

    (609) 947-4493

    105 in this area

    162 Total Sales

    Section Image

  • C

    Buyer's Agent in 2020

    CYNTHIA BAKER

    LOIS SCHNEIDER REALTOR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3643002

Garden State MLS

APN: 18-05106-0000-00012

New Jersey Union County Summit 07901

232 Oak Ridge Ave, Summit, NJ

This home is located at 232 Oak Ridge Ave, Summit, NJ 07901 since 24 June 2020 and is currently estimated at $3,166,742, approximately $905 per square foot. 232 Oak Ridge Ave is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

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