NOT LISTED FOR SALE

305 Summit Ave Summit, NJ 07901

Estimated Value: $1,383,000 - $2,281,000

4 Beds
4 Baths
-- Sq Ft
0.35 Acres

Last Sold June 30, 2021

Last sale price $1,308,000

Est. 47% increase in value since last sale

Current estimated payment $12,246/month

11 Days on Market

About This Home

As of June 2021

This home is located at 305 Summit Ave, Summit, NJ 07901 since 05 April 2021 and is currently estimated at $1,916,324. This property was built in 1936. 305 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.

Last Agent to Sell the Property

CAROLANN CLYNES

CHRISTIE'S INT. REAL ESTATE GROUP Brokerage Phone: 908-516-4790 Listed on: 04/05/2021

Last Buyer's Agent

ELENA MANELLI

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,753

Year Built

  • Built in 1936

Lot Details

  • 0.35

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,753

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Year Built: 1936
  • County Name: Union
  • I D: 5060040
  • Attribution Contact: 908-516-4790
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 3.20

Lot Info

  • Lot Size: .352AC

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2021
Closed on
Jun 29, 2021
Sold by
Lucaci George P and Lucaci Barbara
Bought by
Bonini Carlo and Manelli Elena
Seller's Agent
CAROLANN CLYNES
CHRISTIE'S INT. REAL ESTATE GROUP
Buyer's Agent
ELENA MANELLI
PROMINENT PROPERTIES SIR
List Price
$1,275,000
Sold Price
$1,308,000
Premium/Discount to List
$33,000
2.59%
Current Estimated Value
$1,916,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$608,324
Avg. Annual Appreciation
9.09%
Original Mortgage
$1,000,000
Outstanding Balance
$907,345
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,008,979

Purchase Details

Closed on
Dec 19, 1997
Sold by
Lucaci George P
Bought by
Lucaci George P and Lucaci Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.5%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Bonini Carlo $1,308,000 Chicago Title Company Llc
Bonin Carlo $1,308,000 Chicago Title
Lucaci George P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bonin Carlo $1,000,000
Closed Bonin Carlo $1,000,000
Previous Owner Lucaci George P $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2021 06/30/21 Sold $1,308,000 +2.6% --
04/16/2021 04/16/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $1,275,000 -- --
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
2025 $25,753 $591,200 $334,400 $256,800
2024 $25,581 $591,200 $334,400 $256,800
2023 $25,581 $591,200 $334,400 $256,800
2022 $25,321 $591,200 $334,400 $256,800
2021 $25,522 $591,200 $334,400 $256,800
2020 $28,405 $651,500 $334,400 $317,100
2019 $28,438 $651,500 $334,400 $317,100
2018 $28,256 $651,500 $334,400 $317,100
2017 $28,438 $651,500 $334,400 $317,100
2016 $28,021 $651,500 $334,400 $317,100
2015 $27,474 $651,500 $334,400 $317,100
2014 $26,764 $651,500 $334,400 $317,100
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    CAROLANN CLYNES

    CHRISTIE'S INT. REAL ESTATE GROUP

  • E

    Buyer's Agent in 2021

    ELENA MANELLI

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3702544

Garden State MLS

APN: 18-02104-0000-00005

New Jersey Union County Summit 07901

305 Summit Ave, Summit, NJ

Not Listed for Sale

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