NOT LISTED FOR SALE

296 Summit Ave Summit, NJ 07901

Summit Area

Estimated Value: $3,865,105 - $4,336,000

6 Beds
6 Baths
-- Sq Ft
1.55 Acre Lot

Sale Details

Date Sold: July 18, 2014

Last sale price $3,310,000

Est. 25% increase in value since last sale

Current estimated payment $27,404 / mo

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 $4,112,035. 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

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 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

1.55 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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
$4,147,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$837,801
Avg. Annual Appreciation
1.80%
Original Mortgage
$300,000
Outstanding Balance
$222,595
Interest Rate
4.18%
Mortgage Type
Credit Line Revolving
Estimated Equity
$3,889,440

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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Summit, NJ

  • Frank LaMorte Real Estate Agent - LATTIMER REALTY

    Frank LaMorte

    LATTIMER REALTY

    (862) 298-5327

    171 Total Sales

    1 in Summit

    $1,350,000 Price

    Frank LaMorte
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  • Mikaela Arpino Real Estate Agent - NJ Real Estate Boutique, LLC

    Mikaela Arpino

    NJ Real Estate Boutique, LLC

    (862) 860-1682

    337 Total Sales

    2 in Summit

    $509K - $1.4M Price Range

    Mikaela Arpino
     Section Image
  • Shuang Liang Real Estate Agent - Premiumone Realty

    Shuang Liang

    Premiumone Realty

    (862) 214-7430

    74 Total Sales

    3 in Summit

    $1.1M - $1.8M Price Range

    Shuang Liang
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  • Anita Vogel Real Estate Agent - Weichert Realtors, Montclair

    Anita Vogel

    Weichert Realtors, Montclair

    (862) 292-4859

    14 Total Sales

    2 in Summit

    $400,000 Price Range

    Anita Vogel
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  • Jesse Flowers Real Estate Agent - COLDWELL BANKER REALTY

    Jesse Flowers

    COLDWELL BANKER REALTY

    (908) 913-7468

    42 Total Sales

    1 in Summit

    $815,000 Price

    Jesse Flowers
     Section Image
  • Steph Mahon Real Estate Agent - Compass New Jersey

    Steph Mahon

    Compass New Jersey

    (833) 669-4351

    78 Total Sales

    2 in Summit

    $420K - $1.6M Price Range

    Steph Mahon
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,310,000 Prestige Title Agency Inc
Lalonde Daniel $2,800,000 None Available
Schermerhorn Gary B $1,675,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $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
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $54,215 $1,212,600 $600,500 $612,100
2025 $54,215 $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 Real Estate Agent - COMPASS NEW JERSEY, LLC

    Seller's Agent in 2014

    Susan Oldendorp

    COMPASS NEW JERSEY, LLC

    (201) 400-8714

    507 Total Sales

    Susan Oldendorp
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  • DT

    Buyer's Agent in 2014

    DIANE TERRY

    KELLER WILLIAMS REALTY

  • Kim Cannon Real Estate Agent - PROMINENT PROPERTIES SIR

    Seller's Agent in 2012

    Kim Cannon

    PROMINENT PROPERTIES SIR

    (609) 947-4493

    135 Total Sales

    Kim Cannon
    Section Image
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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

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Information deemed reliable but not guaranteed.
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