NOT LISTED FOR SALE

33 Prospect Hill Ave Summit, NJ 07901

Estimated Value: $4,301,445 - $4,355,000

0.86 Acre
$5,044,903 Price per Acre
37,331 Sq Ft Lot

Last Sold October 28, 2022

Last sale price $2,515,000 $426 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $27,126/month

About This Lot

As of October 2022

This home is located at 33 Prospect Hill Ave, Summit, NJ 07901 since 28 October 2022 and is currently estimated at $4,323,482, approximately $731 per square foot. 33 Prospect Hill 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

Suzanne Lear

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808 Listed on: 10/28/2022

Last Buyer's Agent

JILL BRAY

PROMINENT PROPERTIES SIR

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • County Name: Union
  • I D: 5187508
  • Attribution Contact: 908-273-8808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Lot Size: 176X212

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2023
Sold by
Cardone Contracting Corp Inc
Bought by
Happy Life Group Llc
Current Estimated Value
$4,323,482

Purchase Details

Listed on
Oct 28, 2022
Closed on
Dec 22, 2022
Sold by
Cardone Michael
Bought by
Cardone Contracting Corp Inc
Seller's Agent
Suzanne Lear
PROMINENT PROPERTIES SIR
Buyer's Agent
JILL BRAY
PROMINENT PROPERTIES SIR
List Price
$2,200,000
Sold Price
$2,515,000
Premium/Discount to List
$315,000
14.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.64%

Purchase Details

Closed on
Aug 2, 2022
Sold by
Jws Llc
Bought by
Cardone Michael

Purchase Details

Closed on
Aug 12, 2008
Sold by
Gump Frank E
Bought by
Jws Llc

Purchase Details

Closed on
May 7, 1998
Sold by
Gump Elizabeth C and Gump Frank E
Bought by
Gump Elizabeth C and Elizabeth C Gump Qualified Personal Resi

Purchase Details

Closed on
May 6, 1998
Sold by
Gump Elizabeth C
Bought by
Gump Frank E and Gump Elizabeth C
Source: Public Records

Range of Values:

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

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ICE

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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
Happy Life Group Llc $2,900,000 Ats Title
Cardone Contracting Corp Inc -- --
Cardone Michael $2,475,000 Westcor Land Title
Cardone Michael $2,475,000 Westcor Land Title
Jws Llc -- Title Associates
Jws Llc -- Title Associates
Gump Elizabeth C -- --
Gump Frank E -- --
Gump Frank E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2022 10/28/22 Sold $2,515,000 +14.3% $426 / Sq Ft
10/28/2022 10/28/22 Pending -- -- --
10/28/2022 10/28/22 For Sale $2,200,000 -- $372 / 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 $53,692 $992,100 $992,100 --
2024 $53,335 $1,232,600 $537,100 $695,500
2023 $53,335 $1,232,600 $537,100 $695,500
2022 $52,792 $1,232,600 $537,100 $695,500
2021 $53,211 $1,232,600 $537,100 $695,500
2020 $53,741 $1,232,600 $537,100 $695,500
2019 $53,803 $1,232,600 $537,100 $695,500
2018 $53,458 $1,232,600 $537,100 $695,500
2017 $53,803 $1,232,600 $537,100 $695,500
2016 $53,014 $1,232,600 $537,100 $695,500
2015 $51,979 $1,232,600 $537,100 $695,500
2014 $50,635 $1,232,600 $537,100 $695,500
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Suzanne Lear

    PROMINENT PROPERTIES SIR

    (908) 376-2720

    58 in this area

    114 Total Sales

    Suzanne Lear
    Section Image

  • J

    Buyer's Agent in 2022

    JILL BRAY

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3815119

Garden State MLS

APN: 18-03501-0000-00026

New Jersey Union County Summit 07901

33 Prospect Hill Ave, Summit, NJ

Not Listed for Sale

Lots

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