3 N Summit Ave Pitman, NJ 08071
Estimated Value: $373,000 - $443,000
--
Bed
--
Bath
2,916
Sq Ft
$142/Sq Ft
Est. Value
Highlights
- 2 Car Detached Garage
- Parking Storage or Cabinetry
- Forced Air Heating System
About This Home
As of February 20243 N Summit is a large 2-family property just blocks to town center.
3A was renovated a few years ago featuring four bedrooms and two and a half bathrooms. This larger unit has historically rented quickly but could also serve as an owner occupied home while the second unit brings in income. For your convenience, there is a laundry area and a spacious walk-up attic, offering ample storage space.Unit 3B, is a cozy apartment with one bedroom and one full bathroom. With direct access to the yard.
Property also features separate utilities, detached 2 car garage behind house offers plenty of parking.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,219
Year Built
- Built in 1880
Lot Details
- 7,448 Sq Ft Lot
Parking
- 2 Car Detached Garage
- Parking Storage or Cabinetry
Home Design
- 2,916 Sq Ft Home
- Duplex
- Stone Foundation
- Frame Construction
Utilities
- Cooling System Utilizes Natural Gas
- Forced Air Heating System
- Natural Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Tax Lot 00010
- Assessor Parcel Number 15-00099-00010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 24, 2023
Closed on
Jan 29, 2024
Sold by
Kingsmead Asset Holding Trust
Bought by
3N Summit-Pitman Llc
Seller's Agent
Shana Cohen
Keller Williams Town Life Realty
Buyer's Agent
george barrett
RE/MAX Community-Williamstown
List Price
$345,000
Sold Price
$355,000
Premium/Discount to List
$10,000
2.9%
Views
344
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
$59,937
Avg. Annual Appreciation
11.43%
Original Mortgage
$284,000
Outstanding Balance
$280,074
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$132,103
Purchase Details
Closed on
Apr 29, 2020
Sold by
Newlands Asset Holding Trust
Bought by
U S Bank Trust N A and Kingsmead Asset Holding Trust
Purchase Details
Closed on
May 10, 2017
Sold by
Pam Balakhan Rudra and Pam Bidiawatt
Bought by
Newlands Asset Holding Trust
Purchase Details
Closed on
Jan 7, 2005
Sold by
Balakhan Rudy and Balakhan Rudra
Bought by
Balakhan Rudra
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 31, 2003
Sold by
Andrew Ian
Bought by
Balakhan Rudy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,400
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 28, 2003
Sold by
Peaks Elizabeth B and Estate Of Dorothy M Dix
Bought by
Andrew Ian
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,400
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 27, 1943
Sold by
Richman Ida E
Bought by
Dix Lyrtle D and Dix Dorothy E
Similar Homes in Pitman, NJ
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 3N Summit-Pitman Llc | $355,000 | Fidelity National Title | |
| U S Bank Trust N A | -- | None Available | |
| Newlands Asset Holding Trust | -- | None Available | |
| Balakhan Rudra | -- | Independence Ab | |
| Balakhan Rudy | -- | Fidelity Natl Title Ins Co N | |
| Andrew Ian | $123,000 | Congress | |
| Dix Lyrtle D | -- | Congress |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 3N Summit-Pitman Llc | $284,000 | |
| Previous Owner | Balakhan Rudra | $198,940 | |
| Previous Owner | Balakhan Rudra | $168,000 | |
| Previous Owner | Andrew Ian | $98,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/02/2024 02/02/24 | Sold | $355,000 | +4.4% | $122 / Sq Ft |
| 01/10/2024 01/10/24 | Pending | -- | -- | -- |
| 08/16/2023 08/16/23 | Price Changed | $340,000 | -1.4% | $117 / Sq Ft |
| 07/24/2023 07/24/23 | For Sale | $345,000 | -- | $118 / Sq Ft |
Source: Bright 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 |
|---|---|---|---|---|
| 2024 | $9,598 | $282,200 | $29,600 | $252,600 |
| 2023 | $9,598 | $282,200 | $29,600 | $252,600 |
| 2022 | $9,219 | $282,200 | $29,600 | $252,600 |
| 2021 | $9,840 | $219,500 | $30,600 | $188,900 |
| 2020 | $9,724 | $219,500 | $30,600 | $188,900 |
| 2019 | $9,496 | $219,500 | $30,600 | $188,900 |
| 2018 | $9,335 | $219,500 | $30,600 | $188,900 |
| 2017 | $9,219 | $219,500 | $30,600 | $188,900 |
| 2016 | $9,041 | $219,500 | $30,600 | $188,900 |
| 2015 | $8,798 | $219,500 | $30,600 | $188,900 |
| 2014 | $8,528 | $219,500 | $30,600 | $188,900 |
Source: Public Records
Agents Affiliated with this Home
-
Shana Cohen
Seller's Agent in 2024
Shana Cohen
Keller Williams Town Life Realty
(201) 912-5683
3 in this area
273 Total Sales
-
george barrett
Buyer's Agent in 2024
george barrett
RE/MAX
(856) 237-3123
1 in this area
18 Total Sales
Map
Source: Bright MLS
MLS Number: NJGL2031908
APN: 15-00099-0000-00010
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