NOT LISTED FOR SALE

248 Oak Ridge Ave Summit, NJ 07901

Estimated Value: $2,539,000 - $3,740,000

5 Beds
6 Baths
-- Sq Ft
0.6 Acres

Last Sold July 22, 2022

Last sale price $3,200,000

Current estimated payment $20,976/month

8 Days on Market

Highlights

  • Colonial Architecture
  • Living Room with Fireplace
  • Attic
  • L C Johnson Summit Middle School Rated A+
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of July 2022

With a commanding presence on one of Summit's prime streets, this home makes a lasting impression. An outstanding, five-bedroom brick Georgian Colonial, featuring beautiful architectural details throughout its flowing floor plan accented with a designer's touch, this home has been updated with state-of-the-art systems and enhancements for today's discerning homebuyer. Exceptional design, prime neighborhood location and suburban living at its best make this fine Summit residence truly "One of those Homes"! Many updates including: New Kitchen, New Powder Room, Savant home automation, SMS wireless security system, Wired wifi network, 20,000 kw Generac generator, New exterior landscaping & exterior accent lighting, an much more...

Last Agent to Sell the Property

KARA THOMS

LOIS SCHNEIDER REALTOR Listed on: 06/02/2022

Last Buyer's Agent

REBECCA MORANO

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,987

Year Built

  • Built in 1936

Lot Details

  • Sprinkler System

Parking

  • 4 Car Attached Garage
  • Tandem Garage
  • Garage Door Opener
  • Private Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slate Roof
  • Tile

Interior Spaces

  • Wood Burning Fireplace
  • Gas Fireplace
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Family Room with entrance to outdoor space
  • Family Room
  • Living Room with Fireplace
  • 3 Fireplaces
  • Formal Dining Room
  • Den
  • Library with Fireplace
  • Recreation Room with Fireplace
  • Sun or Florida Room
  • Storage Room
  • Utility Room
  • Wood Flooring
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Free-Standing Freezer
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Powder Room
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Garage Access

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Storage Shed

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-05106-0000-00008-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,987

Year Built

Built in 1936

Lot Details

0

Parking

4

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1936
  • Year Built Description: Approximate
  • County Name: Union
  • Exclusions: see brochure
  • Renovated Year: 2021
  • Street Number Display: 248
  • Directions: Mountain Avenue to left on Oak Ridge Ave. Top of Oak Ridge on the "Circle of Friends"
  • I D: 5154756
  • Modified: 2023-07-23
  • Number Images: 30
  • Section Subdiv Development: Circle of Friends
  • First Name: KARA
  • First Name3: REBECCA
  • Last Name: THOMS
  • Last Name3: MORANO
  • Office Phone: 908-376-2709
  • Office Phone3: 908-277-1398
  • Attribution Contact: null
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 2021

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Gas Fireplace, Library, Living Room, Rec Room, Wood Burning
  • Number of Fireplaces: 3
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Freezer-Freestanding, Generator-Built-In, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Washer, WineRefr
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, StallTub, Window Treatments
  • Number Rooms: 13
  • Bedrooms: 5
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 4.20
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished, Full, Walkout
  • Basement Level Rooms: GarEnter, Laundry Room, MudRoom, Powder Room, Rec Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Dim: 18x19
  • Kitchen Level: First
  • Living Room Dim: 14x28
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 11x12
  • Other Room1 Level: Second
  • Other Room 2: Sunroom
  • Other Room2 Dim: 14x20
  • Other Room2 Level: First
  • Other Room 3: Sunroom
  • Other Room3 Dim: 14x27
  • Other Room3 Level: Basement
  • Other Room 4: MudRoom
  • Other Room4 Dim: 14x12
  • Other Room4 Level: Basement
  • Level 1 Rooms: Den, Dining Room, Family Room, Foyer, Kitchen, Living Room, OutEntrn, Powder Room, Sunroom
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Attic

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Barbeque, Curbs, Patio, Sidewalk, Storage Shed, Underground Lawn Sprinkler
  • Roof Description: Slate

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener, Tandem
  • Number Garage Spaces: 4
  • Number Parking Spaces: 4
  • Parking Driveway Description: 2 Car Width, Blacktop, Driveway-Exclusive

Utilities

  • Cooling: 4 Units, Central Air, Ductless Split AC
  • Fuel Type: Electric, Gas-Natural
  • Heating: 4 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

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: .600AC
  • Assessed Improvement Value: 365400
  • Assessed Land Value: 460000
  • Assessment: 825400
  • Easement: Unknown
  • Lot Description: Backs to Park Land
  • Lot Identifier: 8
  • Lot I D Tax: *
  • Lot Size Tax: *

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 35987
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-05106-0000-00008-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.317
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: Brayton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2022
Closed on
Jul 19, 2022
Sold by
Peterson Danford O and Peterson Catherine A
Bought by
Maher Matthew and Maher Meghan
Seller's Agent
KARA THOMS
LOIS SCHNEIDER REALTOR
Buyer's Agent
REBECCA MORANO
PROMINENT PROPERTIES SIR
List Price
$2,925,000
Sold Price
$3,200,000
Premium/Discount to List
$275,000
9.4%
Current Estimated Value
$3,209,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,369
Avg. Annual Appreciation
-0.44%
Original Mortgage
$1,900,000
Outstanding Balance
$1,843,575
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$1,312,728

Purchase Details

Listed on
Sep 12, 2019
Closed on
Nov 22, 2019
Sold by
Altieri James M and Altieri Geraldine
Bought by
Peterson Danford O and Rapetti Catherine A
Seller's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
Buyer's Agent
KARA THOMS
LOIS SCHNEIDER REALTOR
List Price
$1,999,000
Sold Price
$1,930,000
Premium/Discount to List
-$69,000
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.85%
Original Mortgage
$1,254,500
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 1991
Bought by
Altieri James M and Altieri Geraldine
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 Buyer Sale Price Title Company
Maher Matthew $3,200,000 Westcor Land Title
Peterson Danford O $1,930,000 Simplicity Title Llc
Altieri James M $900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maher Matthew $1,900,000
Previous Owner Peterson Danford O $1,719,200
Previous Owner Peterson Danford O $1,254,500
Previous Owner Altieri James M $500,000
Previous Owner Altieri James M $925,000
Previous Owner Altieri James M $250,000
Previous Owner Altieri James M $250,000
Previous Owner Altieri James M $570,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2022 07/22/22 Sold $3,200,000 +9.4% --
06/10/2022 06/10/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $2,925,000 +51.6% --
11/22/2019 11/22/19 Sold $1,930,000 -3.5% $530 / Sq Ft
09/26/2019 09/26/19 Pending -- -- --
09/12/2019 09/12/19 For Sale $1,999,000 -- $549 / 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 $42,275 $977,000 $460,000 $517,000
2023 $42,275 $977,000 $460,000 $517,000
2022 $35,352 $825,400 $460,000 $365,400
2021 $35,633 $825,400 $460,000 $365,400
2020 $35,987 $825,400 $460,000 $365,400
2019 $43,912 $1,006,000 $460,000 $546,000
2018 $43,630 $1,006,000 $460,000 $546,000
2017 $43,912 $1,006,000 $460,000 $546,000
2016 $43,268 $1,006,000 $460,000 $546,000
2015 $47,125 $1,117,500 $460,000 $657,500
2014 $45,907 $1,117,500 $460,000 $657,500
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    KARA THOMS

    LOIS SCHNEIDER REALTOR

  • R

    Buyer's Agent in 2022

    REBECCA MORANO

    PROMINENT PROPERTIES SIR

  • C

    Seller's Agent in 2019

    CYNTHIA BAKER

    LOIS SCHNEIDER REALTOR

  • R

    Seller Co-Listing Agent in 2019

    REBECCA RAMBO

    LOIS SCHNEIDER REALTOR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3786218

Garden State MLS

APN: 18-05106-0000-00008

New Jersey Union County Summit 07901

248 Oak Ridge Ave, Summit, NJ

This home is located at 248 Oak Ridge Ave, Summit, NJ 07901 since 02 June 2022 and is currently estimated at $3,209,369. This property was built in 1936. 248 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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