NOT LISTED FOR SALE

285 Summit Ave Summit, NJ 07901

Estimated Value: $3,134,499 - $5,243,000

-- Bed
-- Bath
5,646 Sq Ft
$738/Sq Ft Est. Value

About This Home

This home is located at 285 Summit Ave, Summit, NJ 07901 and is currently estimated at $4,167,500, approximately $738 per square foot. 285 Summit 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
May 10, 2004
Sold by
Lewis R Scott
Bought by
Burke Derek and Burke Anne
Current Estimated Value
$4,167,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$779,083
Interest Rate
5.88%
Estimated Equity
$3,046,915

Purchase Details

Closed on
Jul 15, 2002
Sold by
Lewis R Scott and Lewis Alison
Bought by
Lewis Alison

Purchase Details

Closed on
Mar 2, 2001
Sold by
Katzmann Melanie S
Bought by
Lewis R Scott and Lewis Alison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
7.15%

Purchase Details

Closed on
Jul 30, 1998
Sold by
Morris James K and Morris Barbara A
Bought by
Katzmann Melanie S
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
Burke Derek $2,525,000 --
Lewis Alison -- --
Lewis R Scott $1,955,000 --
Katzmann Melanie S $1,550,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burke Derek $1,500,000
Previous Owner Lewis Robert Scott $1,100,000
Previous Owner Lewis R Scott $1,100,000
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
2024 $60,158 $1,390,300 $661,000 $729,300
2023 $60,158 $1,390,300 $661,000 $729,300
2022 $59,547 $1,390,300 $661,000 $729,300
2021 $60,019 $1,390,300 $661,000 $729,300
2020 $60,617 $1,390,300 $661,000 $729,300
2019 $60,687 $1,390,300 $661,000 $729,300
2018 $60,297 $1,390,300 $661,000 $729,300
2017 $67,234 $1,540,300 $661,000 $879,300
2016 $66,248 $1,540,300 $661,000 $879,300
2015 $64,954 $1,540,300 $661,000 $879,300
2014 $63,276 $1,540,300 $661,000 $879,300
Source: Public Records

Map

New Jersey Union County Summit 07901

285 Summit Ave, Summit, NJ

This home is located at 285 Summit Ave, Summit, NJ 07901 and is currently estimated at $4,167,500, approximately $738 per square foot. 285 Summit 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.

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.

Nearby Homes