$565,000
SOLD SEP 29, 2023

24 Russell Place Summit, NJ 07901

3 Beds
3 Baths
-- Sq Ft
7,405 Sq Ft Lot

Recently Sold

13% Above List Price

12 Days on Market

About This Home

As of February 2025

This home is located at 24 Russell Place, Summit, NJ 07901 and is currently priced at $565,000. 24 Russell Place 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

Catherine Nikolovski

UNITED GLOBAL PROPERTIES Listed on: 04/14/2023

Last Buyer's Agent

Gina Telesco

NEW AND MODERN GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,777

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,777

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 24
  • I D: 5210900
  • Modified: 2024-09-30
  • Number Images: 1
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 3.00

Lot Info

  • Lot Size: .171

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2024
Closed on
Jan 31, 2025
Sold by
Moran Michael
Bought by
Formal Adam and Wang Rosemary
Seller's Agent
Angela Bitici
COLDWELL BANKER REALTY
Buyer's Agent
Cynthia Apicella
KELLER WILLIAMS MID-TOWN DIRECT
List Price
$1,549,000
Sold Price
$1,549,000
Views
95
Current Estimated Value
$1,181,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$367,379
Avg. Annual Appreciation
-36.31%
Original Mortgage
$1,161,750
Outstanding Balance
$1,154,766
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$26,855

Purchase Details

Listed on
Apr 14, 2023
Closed on
Aug 18, 2023
Sold by
Calderon Arturo and Dodick Helen C
Bought by
Moran Michael
Seller's Agent
Catherine Nikolovski
UNITED GLOBAL PROPERTIES
Buyer's Agent
Gina Telesco
NEW AND MODERN GROUP
List Price
$499,999
Sold Price
$565,000
Premium/Discount to List
$65,001
13%
Views
51

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
111.08%
Original Mortgage
$725,453
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2021
Sold by
Celgene Corporation
Bought by
Summit East Corporate Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,500,000
Interest Rate
2.9%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $1,549,000 Acres Land Title
Deed $1,549,000 Acres Land Title
Deed $565,000 Acres Land Title
Deed $565,000 Acres Land Title
Bargain Sale Deed $39,700,000 Advantage Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,161,750 New Conventional
Closed $1,161,750 New Conventional
Previous Owner $725,453 New Conventional
Previous Owner $22,500,000 Commercial
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2025 02/03/25 Sold $1,549,000 0.0% --
01/09/2025 01/09/25 Pending -- -- --
12/11/2024 12/11/24 For Sale $1,549,000 +174.2% --
09/29/2023 09/29/23 Sold $565,000 +13.0% --
04/26/2023 04/26/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $499,999 -- --
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
2025 $8,777 $201,500 $100,500 $101,000
2024 $8,719 $201,500 $100,500 $101,000
2023 $8,719 $201,500 $100,500 $101,000
2022 $8,630 $201,500 $100,500 $101,000
2021 $8,699 $201,500 $100,500 $101,000
2020 $8,785 $201,500 $100,500 $101,000
2019 $8,795 $201,500 $100,500 $101,000
2018 $8,739 $201,500 $100,500 $101,000
2017 $8,795 $201,500 $100,500 $101,000
2016 $8,667 $201,500 $100,500 $101,000
2015 $8,497 $201,500 $100,500 $101,000
2014 $8,278 $201,500 $100,500 $101,000
Source: Public Records

Agents Affiliated with this Home

  • Angela Bitici

    Seller's Agent in 2025

    Angela Bitici

    COLDWELL BANKER REALTY

    (917) 250-8387

    7 in this area

    12 Total Sales

    Angela Bitici
    Section Image
  • Cynthia Apicella

    Buyer's Agent in 2025

    Cynthia Apicella

    KELLER WILLIAMS MID-TOWN DIRECT

    (973) 885-5953

    4 in this area

    154 Total Sales

    Cynthia Apicella
    Section Image

  • C

    Seller's Agent in 2023

    Catherine Nikolovski

    UNITED GLOBAL PROPERTIES

    (973) 800-8210

    1 in this area

    35 Total Sales

    Catherine Nikolovski
    Section Image

  • G

    Buyer's Agent in 2023

    Gina Telesco

    NEW AND MODERN GROUP

    (908) 698-7810

    1 in this area

    59 Total Sales

    Gina Telesco
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3838237

Garden State MLS

APN: 18-04101-0000-00003

New Jersey Union County Summit 07901

24 Russell Place, Summit, NJ

This home is located at 24 Russell Place, Summit, NJ 07901 and is currently priced at $565,000. 24 Russell Place 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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