NOT LISTED FOR SALE

290 Oak Ridge Ave Summit, NJ 07901

Estimated Value: $2,514,801 - $3,563,000

1.11 Acres
$2,647,688 Price per Acre
48,352 Sq Ft Lot

Last Sold September 23, 2016

Last sale price $1,615,000 $441 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $19,763/month

121 Days on Market

About This Lot

As of September 2016

This home is located at 290 Oak Ridge Ave, Summit, NJ 07901 since 29 March 2016 and is currently estimated at $2,938,934, approximately $802 per square foot. 290 Oak Ridge Ave is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

Last Agent to Sell the Property

DIANE TERRY

KELLER WILLIAMS REALTY Brokerage Phone: 908-273-2991 Listed on: 03/29/2016

Last Buyer's Agent

HALLEE DANGLER

PROMINENT PROPERTIES SIR

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $44,983

Lot Details

  • 1.11 Acre Lot

Property Details

Property Type

Land

Est. Annual Taxes

$44,983

Lot Details

0

Listing Details

  • County Name: Union
  • I D: 4611853
  • Modified: 2017-09-24
  • Attribution Contact: 908-273-2991
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Total Acres: 1.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2016
Closed on
Sep 27, 2016
Sold by
Gregory F Alto
Bought by
Sartorius Eric and Sartorius Melissa
Seller's Agent
DIANE TERRY
KELLER WILLIAMS REALTY
Buyer's Agent
HALLEE DANGLER
PROMINENT PROPERTIES SIR
List Price
$1,995,000
Sold Price
$1,615,000
Premium/Discount to List
-$380,000
-19.05%
Current Estimated Value
$2,938,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,323,934
Avg. Annual Appreciation
5.75%
Original Mortgage
$120,000
Interest Rate
3.48%

Purchase Details

Closed on
Jul 1, 2011
Sold by
Eckhardt Gary H and Eckhardt Sharon
Bought by
Alto Gregory F and Alto Suzanne

Purchase Details

Closed on
Jul 11, 2007
Sold by
Eckhardt Gary H
Bought by
Eckhardt Gary H and Eckhardt Bryan S

Purchase Details

Closed on
Jun 16, 2005
Sold by
Eckhardt Gary H
Bought by
Eckhardt Gary H and Eckhardt Erica K
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Sartorius Eric -- --
Alto Gregory F $1,812,500 Chicago Title Insurance Co
Eckhardt Gary H -- None Available
Eckhardt Gary H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sartorius Eric $250,000
Closed Sartorius Eric $120,000
Closed Sartorius Eric --
Open Sartorius Eric $1,200,000
Previous Owner Alto Gregory F $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2016 09/23/16 Sold $1,615,000 -19.0% $441 / Sq Ft
07/28/2016 07/28/16 Pending -- -- --
03/29/2016 03/29/16 For Sale $1,995,000 -- $545 / 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 $44,983 $1,039,600 $613,000 $426,600
2023 $44,983 $1,039,600 $613,000 $426,600
2022 $44,526 $1,039,600 $613,000 $426,600
2021 $44,880 $1,039,600 $613,000 $426,600
2020 $45,327 $1,039,600 $613,000 $426,600
2019 $45,379 $1,039,600 $613,000 $426,600
2018 $29,643 $683,500 $613,000 $70,500
2017 $37,199 $852,200 $613,000 $239,200
2016 $36,653 $852,200 $613,000 $239,200
2015 $35,937 $852,200 $613,000 $239,200
2014 $35,008 $852,200 $613,000 $239,200
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    DIANE TERRY

    KELLER WILLIAMS REALTY

  • H

    Buyer's Agent in 2016

    HALLEE DANGLER

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3293193

Garden State MLS

APN: 18-05306-0000-00011

New Jersey Union County Summit 07901

290 Oak Ridge Ave, Summit, NJ

This home is located at 290 Oak Ridge Ave, Summit, NJ 07901 since 29 March 2016 and is currently estimated at $2,938,934, approximately $802 per square foot. 290 Oak Ridge Ave is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

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