NOT LISTED FOR SALE

25 Norwood Ave Unit 10 Summit, NJ 07901

Estimated Value: $1,805,000 - $2,093,000

3 Beds
3 Baths
2,969 Sq Ft
$660/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $1,440,000 $485 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $12,393/month

About This Home

As of November 2021

This home is located at 25 Norwood Ave Unit 10, Summit, NJ 07901 and is currently estimated at $1,960,896, approximately $660 per square foot. 25 Norwood Ave Unit 10 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

Listed on
Jul 9, 2021
Closed on
Nov 3, 2021
Sold by
Mcgraw David and Mcgraw Elizabeth
Bought by
Ballew Paul D and Ballew Deborah A
Seller's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
Buyer's Agent
JANET MCKEOWN
COMPASS NEW JERSEY, LLC
List Price
$1,450,000
Sold Price
$1,440,000
Premium/Discount to List
-$10,000
-0.69%
Current Estimated Value
$1,960,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$520,896
Avg. Annual Appreciation
8.28%
Original Mortgage
$1,000,000
Outstanding Balance
$913,232
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$1,047,664

Purchase Details

Listed on
Dec 21, 2020
Closed on
Feb 24, 2021
Sold by
Beveridge Thor J and Beveridge Cynthia A
Bought by
Mcgraw David and Mcgraw Elizabeth
Seller's Agent
PAMELA GUMPORT
PROMINENT PROPERTIES SIR
Buyer's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
List Price
$1,275,000
Sold Price
$1,260,000
Premium/Discount to List
-$15,000
-1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.70%

Purchase Details

Closed on
Jul 28, 2017
Sold by
Rothera Mark A and Rothera Elizabeth J
Bought by
Beveridge Thor J and Beveridge Cynthia A

Purchase Details

Listed on
Sep 30, 2013
Closed on
Sep 30, 2013
Sold by
Quintanilla Rodrigo and Altman Vivian
Bought by
Rothera Mark A and Rothera Elizabeth J
Seller's Agent
KAREN E. BIGOS
COMPASS NEW JERSEY, LLC
Sold Price
$1,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.48%
Original Mortgage
$647,800
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2007
Sold by
Somers Daniel E and Somers Mary Jane
Bought by
Quintanilla Rodrigo and Altman Vivian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2004
Sold by
Cloisters At Summit Llc
Bought by
Somers Daniel and Somers Mary
Source: Public Records

Range of Values:

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
Ballew Paul D $1,440,000 All Ahead Title Agency
Mcgraw David $1,260,000 Key Settlements Inc
Beveridge Thor J $1,220,000 None Available
Rothera Mark A $1,300,000 Stewart Title Guaranty Co
Quintanilla Rodrigo $1,450,000 None Available
Somers Daniel $1,149,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ballew Paul D $1,000,000
Previous Owner Rothera Mark A $647,800
Previous Owner Quintanilla Rodrigo $1,450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2021 11/10/21 Sold $1,440,000 0.0% $522 / Sq Ft
09/28/2021 09/28/21 Pending -- -- --
08/10/2021 08/10/21 Price Changed $1,440,000 -0.7% $522 / Sq Ft
07/09/2021 07/09/21 For Sale $1,450,000 +15.1% $525 / Sq Ft
03/08/2021 03/08/21 Sold $1,260,000 -1.2% $456 / Sq Ft
12/31/2020 12/31/20 Pending -- -- --
12/21/2020 12/21/20 For Sale $1,275,000 -1.9% $462 / Sq Ft
09/30/2013 09/30/13 Sold $1,300,000 -- $471 / Sq Ft

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 $23,958 $550,000 $250,000 $300,000
2024 $23,799 $550,000 $250,000 $300,000
2023 $23,799 $550,000 $250,000 $300,000
2022 $23,557 $550,000 $250,000 $300,000
2021 $23,744 $550,000 $250,000 $300,000
2020 $23,980 $550,000 $250,000 $300,000
2019 $24,008 $550,000 $250,000 $300,000
2018 $23,854 $550,000 $250,000 $300,000
2017 $24,008 $550,000 $250,000 $300,000
2016 $23,656 $550,000 $250,000 $300,000
2015 $23,194 $550,000 $250,000 $300,000
2014 -- $550,000 $250,000 $300,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    ARLENE GORMAN GONNELLA

    WEICHERT REALTORS

  • P

    Seller's Agent in 2021

    PAMELA GUMPORT

    PROMINENT PROPERTIES SIR

  • L

    Seller Co-Listing Agent in 2021

    LINDA PECK

    PROMINENT PROPERTIES SIR

  • J

    Buyer's Agent in 2021

    JANET MCKEOWN

    COMPASS NEW JERSEY, LLC

  • K

    Seller's Agent in 2013

    KAREN E. BIGOS

    COMPASS NEW JERSEY, LLC

  • D

    Seller Co-Listing Agent in 2013

    DANIEL CANNIZZO

    CHRISTIE'S INT. REAL ESTATE GROUP

See All Agents

Map

New Jersey Union County Summit 07901

25 Norwood Ave Unit 10, Summit, NJ

This home is located at 25 Norwood Ave Unit 10, Summit, NJ 07901 and is currently estimated at $1,960,896, approximately $660 per square foot. 25 Norwood Ave Unit 10 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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