NOT LISTED FOR SALE

296 Summit Ave Summit, NJ 07901

Estimated Value: $3,892,631 - $4,873,000

6 Beds
6 Baths
-- Sq Ft
1.55 Acres

Last Sold July 18, 2014

Last sale price $3,310,000

Est. 29% increase in value since last sale

Current estimated payment $26,709/month

About This Home

As of July 2014

This home is located at 296 Summit Ave, Summit, NJ 07901 since 18 July 2014 and is currently estimated at $4,270,210. This property was built in 1888. 296 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.

Last Agent to Sell the Property

Susan Oldendorp

COMPASS NEW JERSEY, LLC Brokerage Phone: 908-273-2991 Listed on: 07/18/2014

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

DIANE TERRY

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1888

Lot Details

  • 1.55 Acre Lot

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Year Built: 1888
  • County Name: Union
  • I D: 4439352
  • Attribution Contact: 908-273-2991
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Bathrooms: 5.20

Lot Info

  • Lot Size: 1.553 AC
  • Total Acres: 1.55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2014
Closed on
Jun 30, 2014
Sold by
Lalonde Daniel and Lalonde Yvonne D Angela
Bought by
Doyle Patrick and Doyle Virginia M
Seller's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
Buyer's Agent
DIANE TERRY
KELLER WILLIAMS REALTY
Sold Price
$3,310,000
Current Estimated Value
$4,270,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$960,210
Avg. Annual Appreciation
2.25%
Original Mortgage
$300,000
Outstanding Balance
$229,346
Interest Rate
4.18%
Mortgage Type
Credit Line Revolving
Estimated Equity
$4,040,864

Purchase Details

Listed on
Jul 17, 2012
Closed on
Jun 18, 2012
Sold by
Schermerhorn Gary B and Esteve Miriam T
Bought by
Lalonde Daniel and Lalonde Yvonne D Angela
Seller's Agent
Kim Cannon
PROMINENT PROPERTIES SIR
Buyer's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
Sold Price
$2,800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.73%
Original Mortgage
$1,960,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 16, 2001
Sold by
Medick Jennifer H and Siler Vance W
Bought by
Schermerhorn Gary B and Esteve Miriam T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.03%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 10, 1994
Sold by
Hall Bruce W
Bought by
Medick Jennifer H and Siler Vance W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.15%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Doyle Patrick $3,310,000 Prestige Title Agency Inc
Lalonde Daniel $2,800,000 None Available
Schermerhorn Gary B $1,675,000 --
Medick Jennifer H $850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doyle Patrick $300,000
Open Doyle Patrick $2,000,000
Previous Owner Lalonde Daniel $1,960,000
Previous Owner Schermerhorn Gary B $240,000
Previous Owner Schermerhorn Gary B $1,100,000
Previous Owner Medick Jennifer H $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/18/2014 07/18/14 Sold $3,310,000 +18.2% --
07/17/2012 07/17/12 Sold $2,800,000 -- -- View Prior Sale
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
2025 $52,821 $1,212,600 $600,500 $612,100
2024 $52,469 $1,212,600 $600,500 $612,100
2023 $52,469 $1,212,600 $600,500 $612,100
2022 $51,936 $1,212,600 $600,500 $612,100
2021 $52,348 $1,212,600 $600,500 $612,100
2020 $52,869 $1,212,600 $600,500 $612,100
2019 $52,930 $1,212,600 $600,500 $612,100
2018 $52,590 $1,212,600 $600,500 $612,100
2017 $52,930 $1,212,600 $600,500 $612,100
2016 $52,154 $1,212,600 $600,500 $612,100
2015 $51,135 $1,212,600 $600,500 $612,100
2014 $49,814 $1,212,600 $600,500 $612,100
Source: Public Records

Agents Affiliated with this Home

  • Susan Oldendorp

    Seller's Agent in 2014

    Susan Oldendorp

    COMPASS NEW JERSEY, LLC

    (201) 400-8714

    49 in this area

    517 Total Sales

    Susan Oldendorp
    Section Image

  • D

    Buyer's Agent in 2014

    DIANE TERRY

    KELLER WILLIAMS REALTY

  • Kim Cannon

    Seller's Agent in 2012

    Kim Cannon

    PROMINENT PROPERTIES SIR

    (609) 947-4493

    97 in this area

    152 Total Sales

    Kim Cannon
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3134472

Garden State MLS

APN: 18-02101-0000-00002

New Jersey Union County Summit 07901

296 Summit Ave, Summit, NJ

Not Listed for Sale

Detached

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