NOT LISTED FOR SALE

27 Templar Way Summit, NJ 07901

Estimated Value: $3,752,000 - $3,865,000

6 Beds
7 Baths
6,091 Sq Ft
$624/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $2,850,000 $468 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $24,916/month

8 Days on Market

Highlights

  • Fitness Center
  • Home Theater
  • Deck
  • L C Johnson Summit Middle School Rated A+
  • Custom Home
  • Recreation Room

About This Home

As of July 2021

An entertainer's dream conveniently located on nearly 1 acre on Summit's Northside. Upon entering the Foyer, guests are greeted with views of the one-of-a-kind grand scale open Living Room and Dining Room with vaulted ceiling that flows seamlessly to the gourmet Kitchen and fireside Family Room also with vaulted ceiling. With 2 islands, wet bar, breakfast area, desk and luxury appliances, the Kitchen is a chef's dream. A wall of glass windows and doors connects the interior with outdoor living spaces including a sweeping patio, outdoor kitchen, sports area and space perfectly suited for a pool. With 2 Master Suites (one at ground level) the home has flexible space. The Guest Suite, located on the lower level, is next to entertainment space including the Recreation Room, Home Theatre and Gym.

Last Listed By

JILL BRAY

PROMINENT PROPERTIES SIR Listed on: 04/19/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,296

Year Built

  • Built in 1959 | Remodeled

Lot Details

  • Sprinkler System

Parking

  • 3 Car Attached Garage
  • Additional Parking

Home Design

  • Custom Home
  • Stone Siding
  • Tile

Interior Spaces

  • 6,091 Sq Ft Home
  • Wet Bar
  • Beamed Ceilings
  • Cathedral Ceiling
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Recreation Room
  • Storage Room
  • Home Gym
  • Wood Flooring
  • Carbon Monoxide Detectors

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven or Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Powder Room
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Garage Access

Outdoor Features

  • Deck
  • Patio
  • Pergola

Schools

  • Lincoln-Hubbard Elementary School
  • Summit Middle School
  • Summit High School

Utilities

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

Community Details

  • Fitness Center

Listing and Financial Details

  • Assessor Parcel Number 2918-02405-0000-00003-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,296

Year Built

Built in 1959 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Style: Custom Home
  • Primary Style: Custom Home
  • Subproperty Type: Single Family
  • Year Built: 1959
  • Year Built Description: Approximate, Renovated
  • County Name: Union
  • Exclusions: Breakfast table light fixtures and iron gate door to master bedroom
  • Renovated Year: 2005
  • Street Number Display: 27
  • Directions: Springfield to Essex to Londenderry to Templar Way
  • I D: 5060917
  • Modified: 2022-07-20
  • Number Images: 25
  • Section Subdiv Development: Northside
  • First Name: JILL
  • First Name3: KRISTEN
  • First Name4: JILL
  • Last Name: BRAY
  • Last Name3: PIEROTTI
  • Last Name4: BRAY
  • Office Phone3: 908-273-8808
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2005

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Wood Burning
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Kitchen Exhaust Fan, Range/Oven-Electric, Refrigerator, Washer, WineRefr
  • Interior Amenities: Bar-Wet, Beam Ceilings, Blinds, Cathedral Ceiling, High Ceilings, SoakTub, Walk-In Closet
  • Number Rooms: 9
  • Bedrooms: 6
  • Master Bedroom Desc: Fireplace, Walk-In Closet
  • Bedroom 1 Level: First
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 5.20
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished, Full
  • Basement Level Rooms: 1 Bedroom, Bath(s) Other, Exercise Room, GarEnter, Media Room, Powder Room, Rec Room, Storage Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Center Island, Eat-In Kitchen
  • Kitchen Dim: 15x15
  • Kitchen Level: First
  • Living Room Dim: 23x17
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 16x16
  • Other Room1 Level: Third
  • Other Room 2: Bedroom
  • Other Room2 Dim: 21x18
  • Other Room2 Level: Basement
  • Other Room 3: Breakfast
  • Other Room3 Dim: 22x14
  • Other Room3 Level: First
  • Other Room 4: Rec Room
  • Other Room4 Dim: 24x15
  • Other Room4 Level: Basement
  • Level 1 Rooms: 1 Bedroom, Bath Main, Breakfast Room, Dining Room, Family Room, Foyer, Kitchen, Living Room, MudRoom, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath(s) Other, Laundry Room
  • Level 3 Rooms: 1 Bedroom, Bath Main, Office
  • Estimated Sq Ft: 6091
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: CedarSid, Stone
  • Exterior Features: Barbeque, Deck, Patio, Pergola, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 3
  • Number Parking Spaces: 4
  • Parking Driveway Description: 1 Car Width, Additional Parking

Utilities

  • Cooling: 3 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 4 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Exercise Room

Schools

  • Elementary School: Lincoln-Hubbard
  • Middle School: Summit MS
  • High School: Summit HS
  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: .98 AC
  • Assessed Improvement Value: 775000
  • Assessed Land Value: 239800
  • Assessment: 1014800
  • Easement: Unknown
  • Lot Identifier: 3
  • Lot I D Tax: *

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 44296
  • Assessor Parcel Number: 2918-02405-0000-00003-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.360
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
Jul 14, 2021
Sold by
Ostroff Michael and Ostroff Jody
Bought by
Mcmanus Colleen and Salame Ghadir
Seller's Agent
JILL BRAY
PROMINENT PROPERTIES SIR
Buyer's Agent
KRISTEN PIEROTTI
PROMINENT PROPERTIES SIR
List Price
$2,850,000
Sold Price
$2,850,000
Total Days on Market
8
Current Estimated Value
$3,800,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$950,056
Avg. Annual Appreciation
7.78%
Original Mortgage
$2,050,000
Outstanding Balance
$1,859,120
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$1,940,936

Purchase Details

Closed on
Jun 8, 2004
Sold by
Wydra Reuben
Bought by
Ostroff Michael and Ostroff Jody

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
6.12%

Purchase Details

Closed on
Feb 20, 1998
Sold by
Wydra Reuben and Wydra Louise
Bought by
Wydra Reuben

Purchase Details

Closed on
Oct 28, 1994
Sold by
Wydra Reuben and Wydra Louise
Bought by
Wydra Reuben and Wydra Louise

Range of Values:

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Average Value
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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
Mcmanus Colleen $2,850,000 Green Hill Title Llc
Ostroff Michael $1,640,000 --
Wydra Reuben -- --
Wydra Reuben -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcmanus Colleen $2,050,000
Previous Owner Ostroff Micahel $25,000
Previous Owner Ostroff Michael $1,600,000
Previous Owner Ostroff Michael $417,000
Previous Owner Ostroff Michael $1,850,000
Previous Owner Ostroff Michael $10,000
Previous Owner Ostroff Michael $300,000
Previous Owner Ostroff Michael $1,800,000
Previous Owner Ostroff Michael $100,000
Previous Owner Ostroff Michael $747,000
Previous Owner Ostroff Michael $675,000
Previous Owner Ostroff Michael $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2021 07/19/21 Sold $2,850,000 0.0% $468 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $2,850,000 -- $468 / 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 $44,966 $1,069,200 $239,800 $829,400
2023 $44,966 $1,039,200 $239,800 $799,400
2022 $44,509 $1,039,200 $239,800 $799,400
2021 $43,809 $1,014,800 $239,800 $775,000
2020 $44,245 $1,014,800 $239,800 $775,000
2019 $44,296 $1,014,800 $239,800 $775,000
2018 $44,012 $1,014,800 $239,800 $775,000
2017 $44,296 $1,014,800 $239,800 $775,000
2016 $43,647 $1,014,800 $239,800 $775,000
2015 $42,794 $1,014,800 $239,800 $775,000
2014 $41,688 $1,014,800 $239,800 $775,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3705850

Garden State MLS

APN: 18-02405-0000-00003