NOT LISTED FOR SALE

285 Summit Ave Summit, NJ 07901

Estimated Value: $3,051,433 - $5,089,000

-- Bed
-- Bath
5,646 Sq Ft
$741/Sq Ft Est. Value

About This Home

This home is located at 285 Summit Ave, Summit, NJ 07901 and is currently estimated at $4,183,144, approximately $740 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
$4,183,144

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
$722,035
Interest Rate
5.88%
Estimated Equity
$3,461,109

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:

--
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

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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
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 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
2025 $60,561 $1,390,300 $661,000 $729,300
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

Not Listed for Sale

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