$1,800,000
SOLD SEP 15, 2020

38 Templar Way Summit, NJ 07901

5 Beds
4.5 Baths
3,955 Sq Ft
0.34 Acres

Recently Sold

$455 Per Sq Ft

9% Above List Price

8 Days on Market

Highlights

  • In Ground Pool
  • Colonial Architecture
  • Wood Flooring
  • L C Johnson Summit Middle School Rated A+
  • Recreation Room
  • Steam Shower

About This Home

As of October 2024

Located on the prestigious Northside in the coveted Lincoln Hubbard school district, this classic Center Hall Colonial offers sun-drenched rooms, an open floor plan & a private backyard oasis. The large eat in gourmet Kitchen with center island offers views of the professionally landscaped backyard and pool and is next to the Mud Room with desk & Laundry Room. The Family Room with high ceilings, built-ins and windows on two sides makes a great gathering spot. There is plenty of space on the 2nd floor with 5 bedrooms and 3 full baths including the generously sized Master Suite with plenty of closet space & office area. The lower level is home to the Recreation Room, a full bath and a Wine Cellar.

Last Agent to Sell the Property

JILL BRAY

PROMINENT PROPERTIES SIR Listed on: 06/18/2020

Last Buyer's Agent

Maren Dinsmore

PROMINENT PROPERTIES SIR

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,047

Year Built

  • Built in 1948

Lot Details

  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Direct Access Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slate Roof
  • Wood Siding

Interior Spaces

  • 3,955 Sq Ft Home
  • Thermal Windows
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Utility Room
  • Partially Finished Basement
  • Sump Pump

Kitchen

  • Eat-In Kitchen
  • Recirculated Exhaust Fan
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Soaking Tub
  • Steam Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Patio

Schools

  • Lincoln-Hubbard Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Multiple Heating Units
  • Standard Electricity
  • Gas Water Heater

Community Details

  • Community Pool

Listing and Financial Details

  • Assessor Parcel Number 2918-02403-0000-00016-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,047

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1948
  • Year Built Description: Approximate
  • County Name: Union
  • Street Number Display: 38
  • Directions: Essex to Robin Hood, right on Templar Way
  • I D: 4987977
  • Modified: 2021-09-23
  • Number Images: 25
  • Section Subdiv Development: Northside
  • First Name: JILL
  • First Name3: MAREN
  • Last Name: BRAY
  • Last Name3: DINSMORE
  • Office Phone: 908-376-2725
  • Office Phone3: 908-273-8808
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Stone, Wood
  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Dryer, Kitchen Exhaust Fan, Refrigerator, Sump Pump, OvnWElec, Washer
  • Interior Amenities: Security System, Smoke Detector, SoakTub, Walk-In Closet
  • Number Rooms: 11
  • Bedrooms: 5
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Soaking Tub, Stall Shower, Steam
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Basement Level Rooms: Bath(s) Other, Laundry Room, Rec Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Dim: 18x15
  • Kitchen Level: First
  • Living Room Dim: 18x15
  • Living Room Level: First
  • Other Room 1: Office
  • Other Room1 Dim: 14x13
  • Other Room1 Level: First
  • Other Room 2: Bedroom
  • Other Room2 Dim: 13x12
  • Other Room2 Level: Second
  • Other Room 3: MudRoom
  • Other Room3 Dim: 18x10
  • Other Room3 Level: First
  • Other Room4 Dim: 8x8
  • Other Room4 Level: First
  • Level 1 Rooms: Dining Room, Family Room, Foyer, GarEnter, Kitchen, Laundry Room, Living Room, MudRoom, Office, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, Office
  • Estimated Sq Ft: 3955
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Brick, Wood
  • Exterior Features: Patio, Thermal Windows/Doors, Underground Lawn Sprinkler
  • Pool: Yes
  • Pool Description: In-Ground Pool
  • Roof Description: Slate

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 4
  • Parking Driveway Description: 2 Car Width, Blacktop

Utilities

  • Cooling: 3 Units
  • Fuel Type: Gas-Natural
  • Heating: 3 Units
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Pool-Outdoor

Schools

  • Elementary School: Lincoln-Hubbard
  • Middle School: Summit MS
  • High School: Summit HS
  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 111X134 IRR
  • Assessed Improvement Value: 517500
  • Assessed Land Value: 262500
  • Assessment: 780000
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 16
  • Lot I D Tax: *
  • Lot Size Tax: *

Tax Info

  • Tax Acres: *
  • Assessed Land Value: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 34047
  • Assessor Parcel Number: 2918-02403-0000-00016-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.365
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: Lincoln-Hubbard

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%
Views
18
Current Estimated Value
$2,560,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,769
Avg. Annual Appreciation
2.58%
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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $2,500,000 Acres Land Title
Deed $1,800,000 Simplicity Title Llc
Deed $1,770,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,000,000 New Conventional
Previous Owner $1,260,000 New Conventional
Previous Owner $563,700 New Conventional
Previous Owner $144,500 New Conventional
Previous Owner $1,205,000 New Conventional
Previous Owner $280,000 Credit Line Revolving
Previous Owner $1,000,000 New Conventional
Previous Owner $100,000 Credit Line Revolving
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

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Map

Source: Garden State MLS

MLS Number: 3641381

Garden State MLS

APN: 18-02403-0000-00016