NOT LISTED FOR SALE

248 Summit Ave Summit, NJ 07901

Estimated Value: $1,752,000 - $1,858,000

-- Bed
-- Bath
2,282 Sq Ft
$785/Sq Ft Est. Value

About This Home

This home is located at 248 Summit Ave, Summit, NJ 07901 and is currently estimated at $1,791,468, approximately $785 per square foot. 248 Summit Ave is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Kent Place School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2021
Sold by
Weldon Cherie and Weldon Marcus K
Bought by
Weldon Marcus K and Weldon Cherie
Current Estimated Value
$1,791,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Interest Rate
2.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2021
Sold by
Weldon Marcus K and Macauley Cherie L
Bought by
Weldon Marcus K and Weldon Cherie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Interest Rate
2.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2002
Sold by
Odell Susan
Bought by
Weldon Marcus and Macauley Cherie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
6.16%

Purchase Details

Closed on
Mar 20, 2002
Sold by
Bolinger George
Bought by
Odell Susan and Bollinger George

Purchase Details

Closed on
Dec 9, 1997
Sold by
Bollinger Elizabeth Ann and Bollinger George R
Bought by
Bollinger George R and Bollinger Elizabeth Ann
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Weldon Marcus K -- None Listed On Document
Weldon Marcus K -- None Available
Weldon Marcus $710,000 --
Odell Susan -- --
Odell Susan E -- --
Bollinger George R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weldon Marcus K $548,250
Previous Owner Weldon Marcus K $548,250
Previous Owner Weldon Marcus $568,000
Source: Public Records

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 $20,242 $464,700 $309,700 $155,000
2024 $20,108 $464,700 $309,700 $155,000
2023 $20,108 $464,700 $309,700 $155,000
2022 $19,903 $464,700 $309,700 $155,000
2021 $20,061 $464,700 $309,700 $155,000
2020 $20,261 $464,700 $309,700 $155,000
2019 $20,284 $464,700 $309,700 $155,000
2018 $20,154 $464,700 $309,700 $155,000
2017 $20,284 $464,700 $309,700 $155,000
2016 $19,987 $464,700 $309,700 $155,000
2015 $19,596 $464,700 $309,700 $155,000
2014 $19,090 $464,700 $309,700 $155,000
Source: Public Records

Map

New Jersey Union County Summit 07901

248 Summit Ave, Summit, NJ

Not Listed for Sale

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