NOT LISTED FOR SALE

285 Springfield Ave Summit, NJ 07901

Estimated Value: $891,000 - $1,314,000

Studio
-- Bath
2,072 Sq Ft
$540/Sq Ft Est. Value

About This Home

This home is located at 285 Springfield Ave, Summit, NJ 07901 and is currently estimated at $1,118,973, approximately $540 per square foot. 285 Springfield 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2009
Sold by
Somayajula Indumathi and Sonty Venkata Giri
Bought by
Somayajula Indumathi
Current Estimated Value
$1,118,973

Purchase Details

Closed on
May 9, 2005
Sold by
Yeomin Yoon
Bought by
Somayajula Indumathi and Sonty Venkata Giri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$537,600
Outstanding Balance
$278,685
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$840,288
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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.

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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.

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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.

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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.

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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
Somayajula Indumathi -- None Available
Somayajula Indumathi $672,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Somayajula Indumathi $537,600
Source: Public Records

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 $13,051 $299,600 $180,200 $119,400
2024 $12,964 $299,600 $180,200 $119,400
2023 $12,964 $299,600 $180,200 $119,400
2022 $12,934 $299,600 $180,200 $119,400
2021 $13,078 $299,600 $180,200 $119,400
2020 $13,063 $299,600 $180,200 $119,400
2019 $13,078 $299,600 $180,200 $119,400
2018 $12,994 $299,600 $180,200 $119,400
2017 $13,078 $299,600 $180,200 $119,400
2016 $12,886 $299,600 $180,200 $119,400
2015 $12,634 $299,600 $180,200 $119,400
2014 $12,308 $299,600 $180,200 $119,400
Source: Public Records

Map

New Jersey Union County Summit 07901

285 Springfield Ave, Summit, NJ

Not Listed for Sale

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