NOT LISTED FOR SALE

328 Mountain Ave Summit, NJ 07901

Estimated Value: $1,967,000 - $2,792,127

7 Beds
6 Baths
4,703 Sq Ft
$536/Sq Ft Est. Value

Last Sold April 05, 2023

Last sale price $1,960,000 $417 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $15,920/month

54 Days on Market

About This Home

As of April 2023

This home is located at 328 Mountain Ave, Summit, NJ 07901 since 01 January 2023 and is currently estimated at $2,518,782, approximately $535 per square foot. This property was built in 2003. 328 Mountain Ave 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

CYNTHIA BAKER

LOIS SCHNEIDER REALTOR Brokerage Phone: 908-277-1398 Listed on: 01/01/2023

Last Buyer's Agent

AMY BURAKOVSKY

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • 1.07

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Year Built: 2003
  • County Name: Union
  • I D: 5183430
  • Attribution Contact: 908-277-1398
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 7
  • Bathrooms: 5.10

Lot Info

  • Lot Size: 1.079

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2023
Closed on
Mar 28, 2023
Sold by
Mandel Michael B and Mandel Jamie B
Bought by
Lamb David and Lamb Nicole
Seller's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
Buyer's Agent
AMY BURAKOVSKY
KELLER WILLIAMS REALTY
List Price
$2,150,000
Sold Price
$1,960,000
Premium/Discount to List
-$190,000
-8.84%
Views
146
Current Estimated Value
$2,518,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$558,782
Avg. Annual Appreciation
9.59%
Original Mortgage
$1,372,000
Outstanding Balance
$1,333,166
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$1,185,616

Purchase Details

Closed on
Feb 27, 2008
Sold by
Lovell Ethan and Bassoff Leah
Bought by
Mandel Michael B and Mandel Jamie B

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
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2005
Sold by
Keuch Randolph W
Bought by
Lovell Ethan

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
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2003
Sold by
John Desimone Inc
Bought by
Keuch Randolph and Keuch Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
5.28%

Purchase Details

Closed on
Oct 16, 2001
Sold by
Viguers James B
Bought by
John De Simone Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lamb David $1,960,000 Chicago Title
Lamb David $1,960,000 Chicago Title
Mandel Michael B $2,025,000 First American Title Ins Co
Lovell Ethan $2,275,000 --
Keuch Randolph $1,725,000 --
John De Simone Inc $559,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lamb David $1,372,000
Closed Lamb David $1,372,000
Previous Owner Mandel Michael B $1,300,000
Previous Owner Lovell Ethan $700,000
Previous Owner Keuch Randolph $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2023 04/05/23 Sold $1,960,000 -1.8% $417 / Sq Ft
02/24/2023 02/24/23 Pending -- -- --
02/18/2023 02/18/23 Price Changed $1,995,000 -7.2% $424 / Sq Ft
01/01/2023 01/01/23 For Sale $2,150,000 -- $457 / 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
2025 $32,670 $750,000 $352,300 $397,700
2024 $35,698 $750,000 $352,300 $397,700
2023 $35,698 $825,000 $352,300 $472,700
2022 $35,335 $825,000 $352,300 $472,700
2021 $35,615 $825,000 $352,300 $472,700
2020 $35,970 $825,000 $352,300 $472,700
2019 $36,011 $825,000 $352,300 $472,700
2018 $35,780 $825,000 $352,300 $472,700
2017 $36,011 $825,000 $352,300 $472,700
2016 $35,483 $825,000 $352,300 $472,700
2015 $34,790 $825,000 $352,300 $472,700
2014 $33,891 $825,000 $352,300 $472,700
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    CYNTHIA BAKER

    LOIS SCHNEIDER REALTOR

  • A

    Buyer's Agent in 2023

    AMY BURAKOVSKY

    KELLER WILLIAMS REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3822622

Garden State MLS

APN: 18-05602-0000-00048-01

New Jersey Union County Summit 07901

328 Mountain Ave, Summit, NJ

Not Listed for Sale

Detached

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