$1,600,000
SOLD FEB 11, 2025

3 Drum Hill Dr Summit, NJ 07901

5 Beds
3.5 Baths
2,441 Sq Ft
0.26 Acres

Recently Sold

$655 Per Sq Ft

10% Above List Price

19 Days on Market

Highlights

  • Corner Lot
  • En-Suite Primary Bedroom
  • Central Air
  • L C Johnson Summit Middle School Rated A+

About This Home

As of February 2025

Classic Elegance Meets Modern Living in Summit, NJ! This This 5-bedroom, 2.5-bath home blends timeless charm with modern updates in a prime location near top-rated schools, NJ Transit, shopping, dining & the scenic Watchung Reservation. The landscaped corner property offers stunning curb appeal & a stately entry to a bright main level. Hardwood floors, recessed lighting, crown molding, & chair rail detailing enhance its ambiance. The living room features a wood-burning fireplace, while the formal dining room is ideal for gatherings. At the heart of the home is an updated eat-in kitchen w/white cabinetry, SS appliances, a center island & a breakfast nook w/vaulted ceilings, skylights & patio access. A powder room & versatile office/den complete this level. Upstairs, the primary suite boasts a spa-like bath & 2 bedrooms + a full bath. Level 3 offers 2 bedrooms & full bath. The finished basement offers recreation, laundry, & storage. Move-in ready w/a freshly painted main level.

Last Agent to Sell the Property

Peter Lorenzo

Keller Williams Realty Metropolitan Listed on: 12/10/2024

Keller Williams Realty Metropolitan

Last Buyer's Agent

Outside Agent

Outside Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,453

Lot Details

  • 0.26 Acre Lot
  • Corner Lot

Parking

  • 2 Car Garage

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00005 / 05601

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,453

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Corner Lot
  • View Type:Pond View: None
  • Co List Office Phone: 973-539-1120
  • MLS Status: Sold - Sold
  • Directions: Mountain Ave onto Drum Hill Dr.
  • Reso Fireplace Features: 1 Fireplace
  • Year Built Details: 1950's,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Primary Bathroom: Yes
  • Basement Remarks: Rec-Room, Laundry, Storage, Utility

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent
  • Construction Type: Other

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air, Zoned

Lot Info

  • Lot Size Sq Ft: 11108.0

Tax Info

  • Tax Annual Amount: 19453.0
  • Tax Block: 05601
  • Tax Lot: 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2024
Closed on
Jan 30, 2025
Sold by
Rivas Cortes Antonio and Coca Granados Monica
Bought by
Myers Steven J and Myers Courtney A
Seller's Agent
Peter Lorenzo
Keller Williams Realty Metropolitan
Buyer's Agent
Outside Agent
Outside Office
List Price
$1,450,000
Sold Price
$1,600,000
Premium/Discount to List
$150,000
10.34%
Total Days on Market
19
Views
228
Current Estimated Value
$1,651,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,056
Avg. Annual Appreciation
0.94%
Original Mortgage
$1,280,000
Outstanding Balance
$1,273,499
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$334,436

Purchase Details

Closed on
Oct 8, 2007
Sold by
Finan Terence M and Finan Heather S
Bought by
Roberts David Elystan and Roberts Kshama

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$888,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 1997
Sold by
Watson William C and Watson Jeanne H
Bought by
Finan Terence M and Finan Heather S
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $1,600,000 Stewart Title
Bargain Sale Deed $1,600,000 Stewart Title
Deed $1,110,000 Multiple
Deed $355,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,280,000 New Conventional
Previous Owner $217,000 Credit Line Revolving
Previous Owner $625,500 New Conventional
Previous Owner $729,000 New Conventional
Previous Owner $149,000 Credit Line Revolving
Previous Owner $888,000 Purchase Money Mortgage
Previous Owner $359,000 New Conventional
Previous Owner $150,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2025 02/12/25 Off Market $1,600,000 -- --
02/11/2025 02/11/25 Sold $1,600,000 +10.3% $655 / Sq Ft
12/29/2024 12/29/24 Pending -- -- --
12/10/2024 12/10/24 For Sale $1,450,000 +16.0% $594 / Sq Ft
05/05/2022 05/05/22 Sold $1,250,000 +4.3% $512 / Sq Ft
04/07/2022 04/07/22 Pending -- -- --
03/26/2022 03/26/22 For Sale $1,199,000 -- $491 / Sq Ft
Source: New Jersey 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 $19,324 $446,600 $205,800 $240,800
2023 $19,324 $446,600 $205,800 $240,800
2022 $16,772 $391,600 $205,800 $185,800
2021 $16,905 $391,600 $205,800 $185,800
2020 $17,074 $391,600 $205,800 $185,800
2019 $17,093 $391,600 $205,800 $185,800
2018 $16,984 $391,600 $205,800 $185,800
2017 $17,093 $391,600 $205,800 $185,800
2016 $16,843 $391,600 $205,800 $185,800
2015 $16,514 $391,600 $205,800 $185,800
2014 $16,087 $391,600 $205,800 $185,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24038647

New Jersey MLS

APN: 18-05601-0000-00005