NOT LISTED FOR SALE

32 Colt Rd Summit, NJ 07901

Estimated Value: $2,799,000 - $3,320,711

6 Beds
5 Baths
2,609 Sq Ft
$1,203/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $3,100,000 $1,188 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $20,374/month

11 Days on Market

About This Home

As of May 2023

This home is located at 32 Colt Rd, Summit, NJ 07901 since 27 March 2023 and is currently estimated at $3,138,570, approximately $1,202 per square foot. This property was built in 1925. 32 Colt Rd is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

Last Agent to Sell the Property

ALLISON B LEES

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808 Listed on: 03/27/2023

Co-Listed By

LINDA PECK

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808

Last Buyer's Agent

Zander Oldendorp

COMPASS NEW JERSEY, LLC

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,876

Year Built

  • Built in 1925

Lot Details

  • 0.56

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,876

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Year Built: 1925
  • County Name: Union
  • Street Number Display: 32
  • I D: 5209762
  • Modified: 2024-05-02
  • Number Images: 1
  • Attribution Contact: 908-273-8808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Bathrooms: 4.10

Lot Info

  • Lot Size: .564AC

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2023
Closed on
Apr 28, 2023
Sold by
William P White Revocable Family Trust
Bought by
Banziger Marc and Banziger Angie Weaver
Seller's Agent
ALLISON B LEES
PROMINENT PROPERTIES SIR
Buyer's Agent
Zander Oldendorp
COMPASS NEW JERSEY, LLC
List Price
$2,995,000
Sold Price
$3,100,000
Premium/Discount to List
$105,000
3.51%
Total Days on Market
11
Current Estimated Value
$3,138,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,570
Avg. Annual Appreciation
0.59%
Original Mortgage
$1,860,000
Outstanding Balance
$1,817,232
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$1,321,338

Purchase Details

Closed on
Jan 5, 2015
Sold by
White William P and White Lori Ann
Bought by
White William P

Purchase Details

Closed on
Jul 6, 2010
Sold by
Axtell John D and Axtell Terri
Bought by
White William P and White Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2003
Sold by
Willsey Kevin
Bought by
Axtell John and Axtell Terri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.28%

Purchase Details

Closed on
Mar 15, 1996
Sold by
Holcombe Frank J and Holcombe Billie M
Bought by
Willsey Kevin D and Willsey Delia Ann
Source: Public Records

Range of Values:

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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
Banziger Marc $3,100,000 Simplicity Title
White William P -- None Available
White William P $1,935,000 Stewart Title Guaranty Co
Axtell John $1,715,000 --
Willsey Kevin D $763,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banziger Marc $1,860,000
Previous Owner White William P $1,300,000
Previous Owner Axtell John D $500,000
Previous Owner Axtell John $1,100,000
Previous Owner Willsey Kevin D $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $3,100,000 +3.5% $1,188 / Sq Ft
04/07/2023 04/07/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $2,995,000 -- $1,148 / Sq Ft
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 $33,876 $782,900 $369,200 $413,700
2023 $33,876 $782,900 $369,200 $413,700
2022 $33,532 $782,900 $369,200 $413,700
2021 $33,798 $782,900 $369,200 $413,700
2020 $34,134 $782,900 $369,200 $413,700
2019 $34,174 $782,900 $369,200 $413,700
2018 $33,954 $782,900 $369,200 $413,700
2017 $40,276 $922,700 $369,200 $553,500
2016 $39,685 $922,700 $369,200 $553,500
2015 $38,910 $922,700 $369,200 $553,500
2014 $35,193 $856,700 $303,200 $553,500
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    ALLISON B LEES

    PROMINENT PROPERTIES SIR

  • L

    Seller Co-Listing Agent in 2023

    LINDA PECK

    PROMINENT PROPERTIES SIR

  • Zander Oldendorp

    Buyer's Agent in 2023

    Zander Oldendorp

    COMPASS NEW JERSEY, LLC

    (973) 229-6475

    62 in this area

    158 Total Sales

    Zander Oldendorp
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3835156

Garden State MLS

APN: 18-04701-0000-00015

New Jersey Union County Summit 07901

32 Colt Rd, Summit, NJ

This home is located at 32 Colt Rd, Summit, NJ 07901 since 27 March 2023 and is currently estimated at $3,138,570, approximately $1,202 per square foot. This property was built in 1925. 32 Colt Rd is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

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