NOT LISTED FOR SALE

24 Silver Lake Dr Summit, NJ 07901

Estimated Value: $1,807,000 - $2,370,000

4 Beds
4 Baths
2,294 Sq Ft
$934/Sq Ft Est. Value

Last Sold April 02, 2024

Last sale price $1,920,000 $837 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $13,271/month

6 Days on Market

About This Home

As of April 2024

This home is located at 24 Silver Lake Dr, Summit, NJ 07901 since 12 February 2024 and is currently estimated at $2,141,479, approximately $933 per square foot. This property was built in 1956. 24 Silver Lake Dr 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

CYNTHIA BAKER

LOIS SCHNEIDER REALTOR Brokerage Phone: 908-277-1398 Listed on: 02/12/2024

Last Buyer's Agent

KAREN LEMKE

KL SOTHEBY'S INT'L. REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1956

Lot Details

  • 0.55 Acre Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Year Built: 1956
  • County Name: Union
  • I D: 5268445
  • Attribution Contact: 908-277-1398
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 3.20

Lot Info

  • Lot Size: .549AC
  • Total Acres: 0.55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2024
Closed on
Mar 22, 2024
Sold by
Arricale Jeffrey
Bought by
Spelman William and Jansen Judith
Seller's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
Buyer's Agent
KAREN LEMKE
KL SOTHEBY'S INT'L. REALTY
List Price
$1,650,000
Sold Price
$1,920,000
Premium/Discount to List
$270,000
16.36%
Views
139
Current Estimated Value
$2,113,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,962
Avg. Annual Appreciation
6.22%
Original Mortgage
$1,149,000
Outstanding Balance
$1,130,976
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$1,010,503

Purchase Details

Listed on
Sep 14, 2015
Closed on
Sep 14, 2015
Sold by
Collins Matthew G
Bought by
Arricale Jeffrey
Seller's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
Buyer's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
Sold Price
$1,290,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.76%

Purchase Details

Closed on
Aug 31, 2004
Sold by
Sieg Douglas
Bought by
Collins Matthew and Collins Heidi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,187,500
Interest Rate
6.01%

Purchase Details

Closed on
Aug 7, 2000
Sold by
Harrington Francis J and Harrington Sandra A
Bought by
Sieg Douglas B and Sieg Tracey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
8.62%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Spelman William $1,920,000 Reside Title
Spelman William $1,920,000 Reside Title
Arricale Jeffrey $1,290,000 --
Collins Matthew $1,250,000 --
Sieg Douglas B $880,000 Stewart Title Guaranty Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spelman William $1,149,000
Closed Spelman William $1,149,000
Previous Owner Collins Matthew $1,187,500
Previous Owner Sieg Douglas B $630,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/02/2024 04/02/24 Sold $1,920,000 +16.4% $837 / Sq Ft
02/22/2024 02/22/24 Pending -- -- --
02/15/2024 02/15/24 For Sale $1,650,000 +27.9% $719 / Sq Ft
09/14/2015 09/14/15 Sold $1,290,000 -- $562 / Sq Ft View Prior Sale
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 $27,526 $631,900 $426,900 $205,000
2024 $27,342 $631,900 $426,900 $205,000
2023 $27,342 $631,900 $426,900 $205,000
2022 $27,064 $631,900 $426,900 $205,000
2021 $27,279 $631,900 $426,900 $205,000
2020 $27,551 $631,900 $426,900 $205,000
2019 $27,582 $631,900 $426,900 $205,000
2018 $26,039 $600,400 $426,900 $173,500
2017 $26,207 $600,400 $426,900 $173,500
2016 $25,823 $600,400 $426,900 $173,500
2015 $25,319 $600,400 $426,900 $173,500
2014 $24,664 $600,400 $426,900 $173,500
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    CYNTHIA BAKER

    LOIS SCHNEIDER REALTOR

  • K

    Buyer's Agent in 2024

    KAREN LEMKE

    KL SOTHEBY'S INT'L. REALTY

  • J

    Buyer Co-Listing Agent in 2024

    JILL FAHERTY

    KL SOTHEBY'S INT'L. REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3885619

Garden State MLS

APN: 18-05103-0000-00001

New Jersey Union County Summit 07901

24 Silver Lake Dr, Summit, NJ

Not Listed for Sale

Detached

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