NOT LISTED FOR SALE

250 Summit Ave Summit, NJ 07901

Estimated Value: $1,418,000 - $1,921,000

4 Beds
3 Baths
-- Sq Ft
0.29 Acres

Last Sold April 13, 2022

Last sale price $1,310,000

Est. 33% increase in value since last sale

Current estimated payment $10,886/month

19 Days on Market

About This Home

As of April 2022

This home is located at 250 Summit Ave, Summit, NJ 07901 since 28 February 2022 and is currently estimated at $1,745,678. This property was built in 1939. 250 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.

Last Agent to Sell the Property

JILL BRAY

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808 Listed on: 02/28/2022

Last Buyer's Agent

Vanessa Pollock

KELLER WILLIAMS REALTY

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1939

Lot Details

  • 0.29

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Year Built: 1939
  • County Name: Union
  • I D: 5128710
  • Attribution Contact: 908-273-8808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 3.00

Lot Info

  • Lot Size: 61X205 .287AC

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2014
Closed on
Apr 15, 2014
Sold by
Reach James B and Reed Carol L
Bought by
Francis Adam and Tang Claire
Seller's Agent
PATRICIA OLLOM
COMPASS NEW JERSEY, LLC
Buyer's Agent
MAUREEN A LEDDY
WEICHERT REALTORS
Sold Price
$1,020,000
Current Estimated Value
$1,745,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$725,678
Avg. Annual Appreciation
4.68%
Original Mortgage
$816,000
Outstanding Balance
$590,598
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,155,080

Purchase Details

Closed on
Jul 21, 1997
Sold by
Pollara Barry and Pollara Peggy
Bought by
Reach James B and Reed Carol L

Purchase Details

Closed on
Dec 13, 1995
Sold by
Trousdale William H and Trousdale Mary Lee
Bought by
Pollara Barry and Pollara Peggy
Source: Public Records

Range of Values:

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

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ICE

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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
Francis Adam $1,020,000 Fidelity Natl Title Ins Co
Reach James B $458,000 --
Pollara Barry $430,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Francis Adam $816,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/13/2022 04/13/22 Sold $1,310,000 +9.6% --
03/19/2022 03/19/22 Pending -- -- --
02/28/2022 02/28/22 For Sale $1,195,000 +17.2% --
04/15/2014 04/15/14 Sold $1,020,000 -- -- 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 $21,201 $486,700 $287,000 $199,700
2024 $21,060 $486,700 $287,000 $199,700
2023 $21,060 $486,700 $287,000 $199,700
2022 $20,845 $486,700 $287,000 $199,700
2021 $21,011 $486,700 $287,000 $199,700
2020 $21,220 $486,700 $287,000 $199,700
2019 $21,244 $486,700 $287,000 $199,700
2018 $21,108 $486,700 $287,000 $199,700
2017 $21,244 $486,700 $287,000 $199,700
2016 $20,933 $486,700 $287,000 $199,700
2015 $20,524 $486,700 $287,000 $199,700
2014 $22,857 $556,400 $287,000 $269,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    JILL BRAY

    PROMINENT PROPERTIES SIR

  • Vanessa Pollock

    Buyer's Agent in 2022

    Vanessa Pollock

    KELLER WILLIAMS REALTY

    (973) 544-8484

    6 in this area

    495 Total Sales

    Vanessa Pollock
    Section Image

  • P

    Seller's Agent in 2014

    PATRICIA OLLOM

    COMPASS NEW JERSEY, LLC

  • M

    Buyer's Agent in 2014

    MAUREEN A LEDDY

    WEICHERT REALTORS

  • J

    Buyer Co-Listing Agent in 2014

    JO ELLEN RACIOPPO

    WEICHERT REALTORS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3766159

Garden State MLS

APN: 18-02006-0000-00018

New Jersey Union County Summit 07901

250 Summit Ave, Summit, NJ

Not Listed for Sale

Detached

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