NOT LISTED FOR SALE

303 Summit Ave Summit, NJ 07901

Estimated Value: $3,376,000 - $4,619,000

6 Beds
3.5 Baths
-- Sq Ft
1.04 Acres

Last Sold January 16, 2020

Last sale price $2,700,000

Est. 56% increase in value since last sale

Current estimated payment $27,518/month

15 Days on Market

Highlights

  • 1.04 Acre Lot
  • Colonial Architecture
  • Living Room with Fireplace
  • L C Johnson Summit Middle School Rated A+
  • Deck
  • Recreation Room

About This Home

As of January 2020

Stately 6 bedroom, 3.1 bath brick center hall colonial has 4 finished levels of living space on over an acre of property that gives you the opportunity to live a life that you design. Whether you are looking to cook a Sunday dinner, watch the foot ball game, entertain for a formal event or have fun in the backyard this home has so much to offer. The first floor has a mudroom, an eat in kitchen that opens to a family room, a dining room, formal living room & Summit's best home office. Outside you have a 3 car garage, horseshoe driveway & over an acre of property to entertain & play. The fenced backyard is wide & flat with a golf green & seven hitting mats around the property. The large master bedroom on the second floor has 3 walk in closets with built-ins & luxurious master bath.

Last Agent to Sell the Property

Zander Oldendorp

COMPASS NEW JERSEY, LLC Listed on: 10/09/2019

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

WINIFRED CAVAZINI

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $58,657

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 1.04 Acre Lot
  • Level Lot
  • Sprinkler System

Parking

  • 3 Car Detached Garage
  • Circular Driveway
  • Additional Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slate Roof
  • Wood Siding

Interior Spaces

  • Wet Bar
  • High Ceiling
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Home Gym
  • Wood Flooring
  • Finished Basement
  • French Drain

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio

Schools

  • Lincoln-Hubbard Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Central Air
  • Radiator
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-02104-0000-00004-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,657

Year Built

Built in 1923 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1923
  • Year Built Description: Approximate, Renovated
  • County Name: Union
  • Exclusions: Window treatments, blinds are included but drapes are excluded
  • Renovated Year: 1998
  • Street Number Display: 303
  • Directions: Springfield Ave to Summit Ave
  • I D: 4934244
  • Modified: 2021-09-23
  • Number Images: 24
  • Section Subdiv Development: Northside
  • First Name: ZANDER
  • First Name3: WINIFRED
  • First Name4: ROSEMARY M
  • Last Name: OLDENDORP
  • Last Name3: CAVAZINI
  • Last Name4: DANGLER
  • Office Phone: 973-229-6475
  • Office Phone3: 908-256-3044
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 1998

Interior Features

  • Flooring: Wood
  • Fireplace Description: Living Room
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, OvnWElec, Refrigerator, CookGas, Washer, Dishwasher, Disposal, Kitchen Exhaust Fan, Stackable Washer/Dryer, Dryer, Microwave Oven, WineRefr
  • Interior Amenities: Bar-Wet, TubShowr, Walk-In Closet, Security System, Blinds, Fire Extinguisher, Carbon Monoxide Detector, High Ceilings, Smoke Detector
  • Number Rooms: 16
  • Bedrooms: 6
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower And Tub
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: French Drain, Finished
  • Basement Level Rooms: Laundry Room, Exercise Room, Rec Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Pantry, Eat-In Kitchen, Separate Dining Area
  • Kitchen Dim: 20x13
  • Kitchen Level: First
  • Living Room Dim: 30x17
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 17x16
  • Other Room1 Level: Third
  • Other Room 2: Bedroom
  • Other Room2 Dim: 17x11
  • Other Room2 Level: Third
  • Other Room 3: Rec Room
  • Other Room3 Dim: 26x16
  • Other Room 4: Exercise Room
  • Other Room4 Dim: 26x14
  • Level 1 Rooms: Foyer, Office, Living Room, Dining Room, Powder Room, Family Room, Kitchen
  • Level 2 Rooms: Laundry Room, 4 Or More Bedrooms, Bath(s) Other
  • Level 3 Rooms: 2 Bedrooms, Bath Main
  • Phone: 908-273-2991

Exterior Features

  • Exterior Description: Brick, Wood
  • Exterior Features: Underground Lawn Sprinkler, Patio, Deck, Thermal Windows/Doors
  • Roof Description: Slate

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 3
  • Number Parking Spaces: 3
  • Parking Driveway Description: Additional Parking, Blacktop, Circular

Utilities

  • Cooling: Central Air, 4 Units
  • Fuel Type: Gas-Natural
  • Heating: Radiators - Hot Water, Baseboard - Hotwater
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: Lincoln-Hubbard
  • Middle School: Summit MS
  • High School: Summit HS
  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 175X259
  • Assessed Improvement Value: 760200
  • Assessed Land Value: 592300
  • Assessment: 1352500
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 4
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 1.04
  • Zoning: residential

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 58657
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-02104-0000-00004-0000-
  • Tax Rate Amount: 4.337
  • Tax Rate Tax: *
  • Tax Rate Year: 2018
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2019
Closed on
Feb 6, 2020
Sold by
Schreier Gary and Schreier Daniela Bilotta
Bought by
Schreier Gary and Schreier Daniela Bilotta
Seller's Agent
Zander Oldendorp
COMPASS NEW JERSEY, LLC
Buyer's Agent
WINIFRED CAVAZINI
PROMINENT PROPERTIES SIR
List Price
$2,875,000
Sold Price
$2,700,000
Premium/Discount to List
-$175,000
-6.09%
Current Estimated Value
$4,209,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,509,993
Avg. Annual Appreciation
8.16%
Original Mortgage
$2,025,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 9, 2019
Closed on
Jan 13, 2020
Sold by
Hoit Roger W and Hoit Gentry Ashmore
Bought by
Schreier Gary and Schreier Daniela Bilotta
Seller's Agent
Zander Oldendorp
COMPASS NEW JERSEY, LLC
Buyer's Agent
WINIFRED CAVAZINI
PROMINENT PROPERTIES SIR
List Price
$2,875,000
Sold Price
$2,700,000
Premium/Discount to List
-$175,000
-6.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,025,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 1998
Sold by
John & Derbie Investors Inc
Bought by
Hoit Roger W and Hoit Gentry Ashmore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.87%

Purchase Details

Closed on
Aug 4, 1997
Sold by
Campbell John and Campbell Dora G
Bought by
John & Derbie Investors Inc

Purchase Details

Closed on
Jul 15, 1997
Sold by
Campbell John and Campbell Dora C
Bought by
Campbell John and Campbell Dora C
Source: Public Records

Range of Values:

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Average Value
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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
Schreier Gary -- None Available
Schreier Gary $2,700,000 Afrm Title & Abstract Llc
Hoit Roger W $1,305,000 --
John & Derbie Investors Inc $1,225,000 --
Campbell John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1080 Garden State Road Llc $3,146,967
Closed Schreier Gary $2,025,000
Previous Owner Ashmore Hoit Roger W $1,000,000
Previous Owner Hoit Roger W $1,000,000
Previous Owner Hoit Roger W $800,000
Previous Owner Hoit Roger W $1,000,000
Previous Owner Hoit Roger W $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2020 01/16/20 Sold $2,700,000 -6.1% --
10/24/2019 10/24/19 Pending -- -- --
10/09/2019 10/09/19 For Sale $2,875,000 -- --
Source: Garden State 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 $51,206 $1,183,400 $592,300 $591,100
2023 $51,206 $1,183,400 $592,300 $591,100
2022 $50,685 $1,183,400 $592,300 $591,100
2021 $51,087 $1,183,400 $592,300 $591,100
2020 $58,969 $1,352,500 $592,300 $760,200
2019 $59,037 $1,352,500 $592,300 $760,200
2018 $58,658 $1,352,500 $592,300 $760,200
2017 $59,037 $1,352,500 $592,300 $760,200
2016 $58,171 $1,352,500 $592,300 $760,200
2015 $57,035 $1,352,500 $592,300 $760,200
2014 $55,561 $1,352,500 $592,300 $760,200
Source: Public Records

Agents Affiliated with this Home

  • Zander Oldendorp

    Seller's Agent in 2020

    Zander Oldendorp

    COMPASS NEW JERSEY, LLC

    (973) 229-6475

    60 in this area

    164 Total Sales

    Section Image

  • W

    Buyer's Agent in 2020

    WINIFRED CAVAZINI

    PROMINENT PROPERTIES SIR

  • R

    Buyer Co-Listing Agent in 2020

    ROSEMARY M DANGLER

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3593603

Garden State MLS

APN: 18-02104-0000-00004

New Jersey Union County Summit 07901

303 Summit Ave, Summit, NJ

This home is located at 303 Summit Ave, Summit, NJ 07901 since 09 October 2019 and is currently estimated at $3,917,477. This property was built in 1923. 303 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.

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