316 Summit Ave Summit, NJ 07901
Estimated Value: $3,660,000 - $4,286,000
--
Bed
--
Bath
5,304
Sq Ft
$734/Sq Ft
Est. Value
About This Home
This home is located at 316 Summit Ave, Summit, NJ 07901 and is currently estimated at $3,895,069, approximately $734 per square foot. 316 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.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 14, 2012
Sold by
Monaco Anthony and Monaco Maureen
Bought by
Maureen Monaco Summit Qualified Per
Current Estimated Value
Purchase Details
Closed on
Apr 26, 2001
Sold by
Arnold Thomas R and Arnold Dayna Waitley
Bought by
Monaco Anthony and Monaco Maureen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7%
Purchase Details
Closed on
Mar 8, 1996
Sold by
Schroeder Emily D
Bought by
Arnold Thomas R and Arnold Dayna Waitley
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 |
|---|---|---|---|
| Maureen Monaco Summit Qualified Per | -- | -- | |
| Monaco Anthony | $1,546,000 | -- | |
| Arnold Thomas R | $724,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Monaco Anthony | $700,000 |
Source: Public Records
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 | $50,007 | $1,148,000 | $448,100 | $699,900 |
| 2024 | $49,674 | $1,148,000 | $448,100 | $699,900 |
| 2023 | $49,674 | $1,148,000 | $448,100 | $699,900 |
| 2022 | $49,169 | $1,148,000 | $448,100 | $699,900 |
| 2021 | $40,390 | $935,600 | $448,100 | $487,500 |
| 2020 | $40,792 | $935,600 | $448,100 | $487,500 |
| 2019 | $40,839 | $935,600 | $448,100 | $487,500 |
| 2018 | $39,848 | $918,800 | $448,100 | $470,700 |
| 2017 | $40,106 | $918,800 | $448,100 | $470,700 |
| 2016 | $39,518 | $918,800 | $448,100 | $470,700 |
| 2015 | $38,746 | $918,800 | $448,100 | $470,700 |
| 2014 | $37,744 | $918,800 | $448,100 | $470,700 |
Source: Public Records
Map
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