NOT LISTED FOR SALE

28 Franklin Place Summit, NJ 07901

Estimated Value: $1,062,000 - $1,200,000

4 Beds
-- Bath
2,299 Sq Ft
$498/Sq Ft Est. Value

Last Sold July 13, 2023

Last sale price $935,000 $407 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $7,434/month

28 Days on Market

About This Home

As of July 2023

This home is located at 28 Franklin Place, Summit, NJ 07901 since 23 March 2023 and is currently estimated at $1,145,818, approximately $498 per square foot. This property was built in 1860. 28 Franklin Place 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 Listed By

Zander Oldendorp

COMPASS NEW JERSEY, LLC Brokerage Phone: 973-310-6816 Listed on: 03/23/2023

COMPASS NEW JERSEY, LLC

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,981

Year Built

1860

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 28
  • I D: 5210305
  • Modified: 2024-07-14
  • Number Images: 1
  • Attribution Contact: 973-310-6816
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1860

Lot Info

  • Lot Size: 65X328

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2023
Closed on
Jul 10, 2023
Sold by
Charalambidls Barbara J
Bought by
Franklin 28 Llc
Seller's Agent
Zander Oldendorp
COMPASS NEW JERSEY, LLC
Buyer's Agent
AMY BURAKOVSKY
KELLER WILLIAMS REALTY
List Price
$995,000
Sold Price
$935,000
Premium/Discount to List
-$60,000
-6.03%
Total Days on Market
28
Views
214
Current Estimated Value
$1,145,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,818
Avg. Annual Appreciation
11.89%
Original Mortgage
$654,500
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2017
Sold by
Charalambidis Kostas and Charalambidis Barbara J
Bought by
Charlaambidis Kostas and Charlaambidis Barbara J

Purchase Details

Closed on
Sep 15, 2005
Sold by
Bank Of America N A Exr &Tr
Bought by
Charalambidis Kostas

Purchase Details

Closed on
Oct 17, 1997
Sold by
Gilland Edwin C and Gilland Barbara S
Bought by
Gilland Edwin C and Gilland Barbara S

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Franklin 28 Llc $935,000 First American Title Insurance
Charlaambidis Kostas -- None Available
Charalambidis Kostas -- --
Charalambidis Kostas -- --
Gilland Edwin C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Franklin 28 Llc $654,500
Previous Owner Charalambidis Kostas $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2023 07/13/23 Sold $935,000 -6.0% $407 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $995,000 -- $433 / 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 $12,981 $300,000 $174,200 $125,800
2023 $12,981 $300,000 $174,200 $125,800
2022 $12,849 $300,000 $174,200 $125,800
2021 $12,951 $300,000 $174,200 $125,800
2020 $13,080 $300,000 $174,200 $125,800
2019 $13,095 $300,000 $174,200 $125,800
2018 $13,011 $300,000 $174,200 $125,800
2017 $13,095 $300,000 $174,200 $125,800
2016 $12,903 $300,000 $174,200 $125,800
2015 $12,651 $300,000 $174,200 $125,800
2014 $12,324 $300,000 $174,200 $125,800
Source: Public Records

Agents Affiliated with this Home

  • Zander Oldendorp

    Seller's Agent in 2023

    Zander Oldendorp

    COMPASS NEW JERSEY, LLC

    (973) 229-6475

    63 in this area

    154 Total Sales

    Zander Oldendorp
    Section Image

  • A

    Buyer's Agent in 2023

    AMY BURAKOVSKY

    KELLER WILLIAMS REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3834515

Garden State MLS

APN: 18-03401-0000-00016

New Jersey Union County Summit 07901

28 Franklin Place, Summit, NJ

Homes for Sale in Summit, NJ

This home is located at 28 Franklin Place, Summit, NJ 07901 since 23 March 2023 and is currently estimated at $1,145,818, approximately $498 per square foot. This property was built in 1860. 28 Franklin Place 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.

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