NOT LISTED FOR SALE

2516 Summit Ave Union City, NJ 07087

Estimated Value: $1,063,000

8 Beds
5 Baths
2,278 Sq Ft
$467/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $885,000 $388 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $7,092/month

85 Days on Market

Highlights

  • 3 Car Attached Garage
  • Living Room
  • Dining Room
  • Sara M. Gilmore Academy Rated A-
  • Central Air

About This Home

As of August 2022

BEAUTIFUL THREE FAMILY HOME BUILT IN 2006. TENANT'S PAY THEIR OWN UTILITIES. HOUSE ACCOUNT FOR ELECTRIC ON ONE UNIT'S METER. CLOSE TO TRANSPORTATION, SCHOOLS, FOOD, SHOPPING, HOUSES OF WORSHIP. GREAT OWNER-OCCUPY OPPORTUNITY OR PERFECT FOR THE SAVVY INVESTOR. ALL TENANTS ON MONTH TO MONTH LEASES. SMALL PATIO AREA IN REAR WITH BACKYARD. TOP TWO UNITS FEATURE BALCONIES.

Last Agent to Sell the Property

Andrew Sanderson

EXP REALTY LLC License #0791016 Listed on: 03/01/2022

EXP REALTY LLC

Last Buyer's Agent

WESLEY TSE

CORCORAN SAWYER SMITH License #1974647

CORCORAN SAWYER SMITH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,259

Lot Details

  • Lot Dimensions are 20 x 100

Parking

  • 3 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • Multi-Level Property
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 8 Bedrooms | 2 Main Level Bedrooms

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Exclusions: All personal items.
  • Legal Lot and Block 00008 / 00144 02
  • Assessor Parcel Number 8931

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,259

Lot Details

0

Listing Details

  • Class: 3-4 FAMILY
  • Type: 3 Family
  • Building Style: Multi-Level
  • Exclusions: All personal items.
  • Inclusions: All appliances.
  • Lead Paint Form: Yes
  • Assessor Parcel Number: 8931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: None
  • Total Bathrooms: 5
  • Total Full Baths: 5
  • Total Bedrooms: 8
  • Total Dining Rooms: 2
  • Total Kitchens: 3
  • Total Living Rooms: 3
  • First Floor Bedrooms: 2
  • First Full Floor Bathrooms: 1
  • Floor1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Second Floor Bedrooms: 3
  • Floor 2 Dining Room: 1
  • Floor 2 Full Bathrooms: 2
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Third Floor Bedrooms: 3
  • Floor 3 Dining Rooms: 1
  • Floor 3 Full Bathrooms: 2
  • Floor3 Kitchens: 1
  • Floor 3 Living Rooms: 1
  • Fl1 Rooms: 4
  • Fl2 Rooms: 6
  • Fl3 Rooms: 6

Exterior Features

  • Exterior Finish: Aluminum/Vinyl, Brick

Garage/Parking

  • Parking Available: 3+ Cars, Attached

Utilities

  • Heating/Cooling: A/C Central, Gas

Lot Info

  • Geo Address Line: 2516 Summit Ave
  • Geo Primary City: Union City
  • Geo Quality: 0.95
  • Geo Update Timestamp: 03/01/2022
  • Geo Zoom Level: 16
  • Lot: 00008
  • Lot Size: 20 X 100

Tax Info

  • Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2014
Closed on
May 13, 2015
Sold by
Ucnj Capital Llc
Bought by
Sanderson Andrew and Gallo Christopher
Seller's Agent
Raymond Bulin
BULIN ASSOCIATES
Buyer's Agent
Andrew Sanderson
EXP REALTY LLC
List Price
$485,000
Sold Price
$500,000
Premium/Discount to List
$15,000
3.09%
Current Estimated Value
$1,063,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$563,000
Avg. Annual Appreciation
7.64%

Purchase Details

Closed on
Oct 2, 2008
Sold by
Peneque Jorge L
Bought by
La Especial Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,000
Interest Rate
6.41%
Mortgage Type
Unknown

Purchase Details

Closed on
May 5, 2008
Sold by
Alfano Magaly
Bought by
Paneque Jorge L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2004
Sold by
David P Realty Llc
Bought by
Lemagne Magaly

Purchase Details

Closed on
Jun 22, 2004
Sold by
Ramos Rafael and Ramos Meris M
Bought by
David P Realty Llc
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sanderson Andrew $500,000 Multiple
La Especial Llc -- --
Paneque Jorge L $650,000 None Available
Lemagne Magaly -- --
David P Realty Llc $400,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallo Christopher J $518,000
Closed Callo Christopher J $350,000
Previous Owner La Especial Llc $442,000
Previous Owner Paneque Jorge L $92,000
Previous Owner Paneque Jorge L $75,000
Previous Owner Paneque Jorge L $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2022 08/05/22 Sold $885,000 -6.8% $388 / Sq Ft
05/25/2022 05/25/22 Pending -- -- --
03/01/2022 03/01/22 For Sale $950,000 +90.0% $417 / Sq Ft
05/13/2015 05/13/15 Sold $500,000 +3.1% $219 / Sq Ft
12/26/2014 12/26/14 Pending -- -- --
12/16/2014 12/16/14 For Sale $485,000 -- $213 / Sq Ft
Source: Hudson County 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 $15,259 $840,100 $281,100 $559,000
2024 $16,406 $825,700 $274,000 $551,700
2023 $16,406 $213,400 $63,000 $150,400
2022 $15,815 $213,400 $63,000 $150,400
2021 $15,760 $213,400 $63,000 $150,400
2020 $15,580 $213,400 $63,000 $150,400
2019 $15,158 $213,400 $63,000 $150,400
2018 $14,874 $213,400 $63,000 $150,400
2017 $14,733 $213,400 $63,000 $150,400
2016 $14,703 $213,400 $63,000 $150,400
2015 $14,449 $213,400 $63,000 $150,400
2014 $14,136 $213,400 $63,000 $150,400
Source: Public Records

Agents Affiliated with this Home

  • Andrew Sanderson

    Seller's Agent in 2022

    Andrew Sanderson

    EXP REALTY LLC

    (505) 573-1184

    16 in this area

    100 Total Sales

    Section Image
  • WESLEY TSE

    Buyer's Agent in 2022

    WESLEY TSE

    CORCORAN SAWYER SMITH

    (212) 571-3973

    8 in this area

    44 Total Sales

    Section Image
  • Raymond Bulin

    Seller's Agent in 2015

    Raymond Bulin

    BULIN ASSOCIATES

    (845) 368-0820

    8 in this area

    18 Total Sales

    Section Image

  • L

    Seller Co-Listing Agent in 2015

    LETICIA GUILLOTY

    BSG MANAGEMENT COMPANY

    (201) 869-1155

    2 Total Sales

    Section Image
See All Agents

Map

Source: Hudson County MLS

MLS Number: 220003505

Hudson County MLS

APN: 10-00144-02-00008

New Jersey Hudson County Union City 07087

2516 Summit Ave, Union City, NJ

This home is located at 2516 Summit Ave, Union City, NJ 07087 since 01 March 2022 and is currently estimated at $1,063,000, approximately $466 per square foot. 2516 Summit Ave is a home located in Hudson County with nearby schools including Robert Waters School, Sara M. Gilmore Academy, and Jose Marti Freshman Academy.

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.

Hudson County MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes