Seller's Agent in 2025
Peter Lorenzo
Keller Williams Realty Metropolitan
(973) 615-1567
5 in this area
199 Total Sales
3 Drum Hill Dr Summit, NJ 07901
5
Beds
3.5
Baths
2,441
Sq Ft
0.26
Acres
Highlights
- Corner Lot
- En-Suite Primary Bedroom
- Central Air
- L C Johnson Summit Middle School Rated A+
About This Home
As of February 2025Classic 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
Keller Williams Realty Metropolitan Listed on: 12/10/2024
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
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%
Views
228
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,645
Avg. Annual Appreciation
4.64%
Original Mortgage
$1,280,000
Outstanding Balance
$1,272,394
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$397,251
Purchase Details
Listed on
Mar 20, 2022
Closed on
Apr 26, 2022
Sold by
Roberts David Elystan and Roberts Kshama
Bought by
Rivas Cortes Antonio and Coca Granados Monica
Seller's Agent
Amy Ball
COLDWELL BANKER REALTY
Buyer's Agent
CANDACE DIMARSICO-WONG
KELLER WILLIAMS METROPOLITAN
List Price
$1,199,000
Sold Price
$1,250,000
Premium/Discount to List
$51,000
4.25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.29%
Original Mortgage
$1,000,000
Interest Rate
4.75%
Mortgage Type
New Conventional
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $1,600,000 | Stewart Title | |
| Bargain Sale Deed | $1,600,000 | Stewart Title | |
| Bargain Sale Deed | $1,250,000 | Westcor Land 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 | $1,000,000 | New Conventional | |
| Previous Owner | $888,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
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 | $19,454 | $446,600 | $205,800 | $240,800 |
| 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
-
Peter Lorenzo
-
O
Buyer's Agent in 2025
Outside Agent
Outside Office
-
Amy Ball
Seller's Agent in 2022
Amy Ball
COLDWELL BANKER REALTY
(973) 224-2385
3 in this area
65 Total Sales
-
C
Buyer's Agent in 2022
CANDACE DIMARSICO-WONG
KELLER WILLIAMS METROPOLITAN
Map
Source: New Jersey MLS
MLS Number: 24038647
APN: 18-05601-0000-00005
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
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