NOT LISTED FOR SALE

297 Summit Ave Summit, NJ 07901

Estimated Value: $2,851,000 - $3,660,000

5 Beds
5 Baths
5,770 Sq Ft
$534/Sq Ft Est. Value

About This Home

This home is located at 297 Summit Ave, Summit, NJ 07901 and is currently estimated at $3,082,279, approximately $534 per square foot. 297 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 31, 2009
Sold by
Butler Daniel W and Butler Heidi L
Bought by
Lerner Stuart and Bodin Lerner Sandra
Current Estimated Value
$3,082,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2003
Sold by
Hellebo Olav
Bought by
Butler Daniel and Butler Heidi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,170,000
Interest Rate
6.02%

Purchase Details

Closed on
Jul 12, 2002
Sold by
Silber Jeffrey and Silber May
Bought by
Hellebo Olav

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.73%
Mortgage Type
Unknown
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

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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
Lerner Stuart $1,810,000 Chicago Title Insurance Co
Butler Daniel $1,560,000 --
Hellebo Olav $1,450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lerner Stuart $417,000
Previous Owner Butler Daniel $1,170,000
Previous Owner Hellebo Olav $200,000
Previous Owner Hellebo Olav $960,000
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 $38,115 $875,000 $562,000 $313,000
2024 $37,861 $875,000 $562,000 $313,000
2023 $37,861 $875,000 $562,000 $313,000
2022 $37,476 $875,000 $562,000 $313,000
2021 $37,774 $875,000 $562,000 $313,000
2020 $38,150 $875,000 $562,000 $313,000
2019 $38,194 $875,000 $562,000 $313,000
2018 $37,949 $875,000 $562,000 $313,000
2017 $38,194 $875,000 $562,000 $313,000
2016 $37,634 $875,000 $562,000 $313,000
2015 $36,899 $875,000 $562,000 $313,000
2014 $35,945 $875,000 $562,000 $313,000
Source: Public Records

Map

New Jersey Union County Summit 07901

297 Summit Ave, Summit, NJ

Not Listed for Sale

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