$1,600,001
SOLD APR 2, 2025

2815 Summit Ave Union City, NJ 07087

-- Bed
-- Bath
-- Sq Ft
4,704 Sq Ft Lot

Recently Sold

20% Below List Price

100 Days on Market

About This Home

As of April 2025

Discover an unparalleled investment opportunity in Union City with this exceptional property package. This unique offering comprises of 2 adjacent properties featuring a beautifully renovated, spacious single-family home, six fully-occupied rental units, a charming courtyard, and two-car garage. With off-street parking and potential for further value enhancement, this property caters to diverse investment strategies. Ideal for those wishing to enjoy a high-quality residence while generating rental income from well-maintained units, or for investors looking to add to the property value by adding one to two more units to the existing single family home. Don't miss the chance to capitalize on this versatile and lucrative real estate opportunity. Additional potential awaits with the adjacent fully-occupied three-family property, which includes three garages and is also available for acquisition MLS#24030360

Last Agent to Sell the Property

Tony Nabhan

Keller Williams City Views Realty Listed on: 09/17/2024

Keller Williams City Views Realty

Last Buyer's Agent

Miriam Raide

Kym Realty Group

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $15,192

Home Design

  • Asphalt

Property Details

Property Type

Other

Est. Annual Taxes

$15,192

Lot Details

0

Listing Details

  • Property Type: 5+ Mixed Use
  • Co List Office Phone: 201-592-8900
  • MLS Status: Sold - Sold
  • Directions: Summit Ave
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Roof: Asphalt

Lot Info

  • Lot: 00008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Mar 25, 2025
Sold by
2817 Summit Ave Llc
Bought by
Kazmi Holdings Llc
Seller's Agent
Tony Nabhan
Keller Williams City Views Realty
Buyer's Agent
Miriam Raide
Kym Realty Group
List Price
$1,999,000
Sold Price
$1,600,001
Premium/Discount to List
-$398,999
-19.96%
Views
4
Current Estimated Value
$1,554,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,001
Avg. Annual Appreciation
-8.46%
Original Mortgage
$1,119,800
Outstanding Balance
$938,438
Interest Rate
6.85%
Mortgage Type
Construction
Estimated Equity
$615,562

Purchase Details

Closed on
Jun 21, 2019
Sold by
Perez Roberto and Perez Alex
Bought by
2817 Summit Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 2, 2003
Sold by
Alvarez Mirta
Bought by
Perez Roberto and Perez Alex
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Bargain Sale Deed $1,600,001 Founders Title Agency
Deed -- Passaic Valley Title Svc Inc
Not Resolvable $429,139 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,119,800 Construction
Previous Owner $650,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2025 04/02/25 Sold $1,600,001 -20.0% --
12/26/2024 12/26/24 Pending -- -- --
12/06/2024 12/06/24 For Sale $1,999,000 +24.9% --
12/05/2024 12/05/24 Off Market $1,600,001 -- --
09/17/2024 09/17/24 For Sale $1,999,000 -- --
Source: New Jersey 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 $15,760 $1,484,400 $480,000 $1,004,400
2023 $15,760 $205,000 $156,800 $48,200
2022 $15,193 $205,000 $156,800 $48,200
2021 $15,139 $205,000 $156,800 $48,200
2020 $14,967 $205,000 $156,800 $48,200
2019 $14,561 $205,000 $156,800 $48,200
2018 $14,289 $205,000 $156,800 $48,200
2017 $14,153 $205,000 $156,800 $48,200
2016 $17,914 $260,000 $156,800 $103,200
2015 $16,942 $260,000 $156,800 $103,200
2014 $16,565 $260,000 $156,800 $103,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24030063

New Jersey MLS

APN: 10-00158-0000-00008