NOT LISTED FOR SALE

38 Templar Way Summit, NJ 07901

Estimated Value: $2,399,194 - $2,722,000

5 Beds
5 Baths
3,807 Sq Ft
$670/Sq Ft Est. Value

Last Sold October 29, 2024

Last sale price $2,500,000 $657 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $16,944/month

7 Days on Market

About This Home

As of October 2024

This home is located at 38 Templar Way, Summit, NJ 07901 since 11 September 2024 and is currently estimated at $2,548,799, approximately $669 per square foot. This property was built in 1953. 38 Templar Way 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 Listed By

Maren Dinsmore

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808 Listed on: 09/11/2024

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,751

Year Built

  • 1953

Lot Details

  • 0.55 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,751

Year Built

1953

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 38
  • I D: 5312194
  • Modified: 2024-10-29
  • Number Images: 26
  • Attribution Contact: 908-273-8808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1953

Interior Features

  • Bedrooms: 5
  • Bathrooms: 4.10

Lot Info

  • Lot Size: 111X134 IRR
  • Total Acres: 0.55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Oct 25, 2024
Sold by
Kardis Phillip J and Kardis Penny
Bought by
Marwaha Rishi and Khullar Raghavi
Seller's Agent
Maren Dinsmore
PROMINENT PROPERTIES SIR
Buyer's Agent
JOSEPH FACCHINEI
PROMINENT PROPERTIES SIR
List Price
$2,150,000
Sold Price
$2,500,000
Premium/Discount to List
$350,000
16.28%
Total Days on Market
7
Views
18
Current Estimated Value
$2,548,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,799
Avg. Annual Appreciation
3.79%
Original Mortgage
$2,000,000
Outstanding Balance
$1,988,954
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$559,845

Purchase Details

Listed on
Jun 18, 2020
Closed on
Sep 10, 2020
Sold by
Allinson Albert Edward and Allinson Hilary
Bought by
Kardis Phillip J and Kardis Penny
Seller's Agent
JILL BRAY
PROMINENT PROPERTIES SIR
Buyer's Agent
Maren Dinsmore
PROMINENT PROPERTIES SIR
List Price
$1,650,000
Sold Price
$1,800,000
Premium/Discount to List
$150,000
9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.30%
Original Mortgage
$1,260,000
Interest Rate
2.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2005
Sold by
Cooke Jeremy D
Bought by
Albert Edward Allinson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.36%
Mortgage Type
New Conventional

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Marwaha Rishi $2,500,000 Acres Land Title
Kardis Phillip J $1,800,000 Simplicity Title Llc
Albert Edward Allinson $1,770,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marwaha Rishi $2,000,000
Previous Owner Kardis Phillip J $1,260,000
Previous Owner Allinson Albert Edward $563,700
Previous Owner Allinson Albert Edward $144,500
Previous Owner Allinson Albert Edward $1,205,000
Previous Owner Allinson Albert E $280,000
Previous Owner Allison Albert Edward $1,000,000
Previous Owner Allinson Albert Edward $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $2,500,000 +16.3% $657 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $2,150,000 +19.4% $565 / Sq Ft
09/15/2020 09/15/20 Sold $1,800,000 +9.1% $455 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $1,650,000 -- $417 / 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 $33,751 $780,000 $262,500 $517,500
2023 $33,751 $780,000 $262,500 $517,500
2022 $33,407 $780,000 $262,500 $517,500
2021 $33,673 $780,000 $262,500 $517,500
2020 $34,008 $780,000 $262,500 $517,500
2019 $39,263 $899,500 $262,500 $637,000
2018 $39,011 $899,500 $262,500 $637,000
2017 $39,263 $899,500 $262,500 $637,000
2016 $38,688 $899,500 $262,500 $637,000
2015 $37,932 $899,500 $262,500 $637,000
2014 $36,951 $899,500 $262,500 $637,000
Source: Public Records

Agents Affiliated with this Home

  • Maren Dinsmore

    Seller's Agent in 2024

    Maren Dinsmore

    PROMINENT PROPERTIES SIR

    (908) 337-4437

    15 in this area

    56 Total Sales

    Maren Dinsmore
    Section Image
  • Cynthia Bienemann

    Seller Co-Listing Agent in 2024

    Cynthia Bienemann

    PROMINENT PROPERTIES SIR

    (973) 652-4336

    14 in this area

    71 Total Sales

    Cynthia Bienemann
    Section Image

  • J

    Buyer's Agent in 2024

    JOSEPH FACCHINEI

    PROMINENT PROPERTIES SIR

  • J

    Seller's Agent in 2020

    JILL BRAY

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3923380

Garden State MLS

APN: 18-02403-0000-00016

New Jersey Union County Summit 07901

38 Templar Way, Summit, NJ

Homes for Sale in Summit, NJ

This home is located at 38 Templar Way, Summit, NJ 07901 since 11 September 2024 and is currently estimated at $2,548,799, approximately $669 per square foot. This property was built in 1953. 38 Templar Way 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.