NOT LISTED FOR SALE

4 Lorraine Rd Summit, NJ 07901

Estimated Value: $1,813,000 - $2,170,000

4 Beds
3.5 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold June 02, 2020

Last sale price $1,300,000

Est. 57% increase in value since last sale

Current estimated payment $12,659/month

64 Days on Market

Highlights

  • Colonial Architecture
  • Recreation Room
  • Formal Dining Room
  • L C Johnson Summit Middle School Rated A+
  • Marble Flooring
  • Thermal Windows

About This Home

As of June 2020

Turn-key Colonial Tudor set in Summit's highly desired Lincoln-Hubbard neighborhood just blocks from schools, downtown & NYC train. This home is situated on a private, level, fenced property. Guest enter into an airy foyer with a finely detailed wrought iron banister. The generous Living Room & Dining Room offer space for entertaining. The large eat-in Kitchen features custom cabinetry, natural stone counters, a massive island with seating & high-end stainless-steel appliances & is next to the Powder Room & sunny Family Rm. The 2nd floor is home to the Master Bedroom Suite with luxurious Carrera bath. Two additional bedrooms & a hall bath complete this level. The 4th bedroom resides on the 3rd floor with its own full bath. The fully finished Lower Level offers a large Rec Room with endless possibilities.

Last Agent to Sell the Property

JILL BRAY

PROMINENT PROPERTIES SIR Listed on: 01/21/2020

Last Buyer's Agent

SUSAN ADLER

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,443

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 6,534 Sq Ft Lot
  • Privacy Fence
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Tudor Architecture
  • Stone Siding
  • Tile

Interior Spaces

  • Gas Fireplace
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Game Room
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Powder Room
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Sump Pump
  • French Drain

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Schools

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

Utilities

  • Multiple cooling system units
  • Central Air
  • Radiator
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-01203-0000-00045-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,443

Year Built

Built in 1928 | Remodeled

Lot Details

6,534 Sq Ft Lot

Parking

2

Listing Details

  • Style: Colonial, Tudor
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1928
  • Year Built Description: Renovated
  • County Name: Union
  • Directions: Norwood to Lorraine.
  • I D: 4955045
  • Section Subdiv Development: In Town
  • First Name: JILL
  • First Name3: SUSAN
  • Last Name: BRAY
  • Last Name3: ADLER
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2007

Interior Features

  • Flooring: Marble, Tile, Wood
  • Fireplace Description: Gas Fireplace, Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Disposal, Dryer, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Sump Pump, Washer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Cedar Closets, Fire Extinguisher, Security System, Smoke Detector
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Third
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, French Drain
  • Basement Level Rooms: GameRoom, 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: 26x16
  • Kitchen Level: First
  • Living Room Dim: 25x13
  • Living Room Level: First
  • Other Room 1: Rec Room
  • Other Room1 Dim: 20x14
  • Other Room1 Level: Basement
  • Other Room 2: Game Room
  • Other Room2 Dim: 25x11
  • Other Room2 Level: Basement
  • Other Room 4: Laundry Room
  • Other Room4 Dim: 14x10
  • Other Room4 Level: Basement
  • Level 1 Rooms: Dining Room, Family Room, Foyer, Kitchen, Living Room, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: 1 Bedroom, Bath(s) Other
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Stone, Stucco
  • Exterior Features: Curbs, Patio, Privacy Fence, Sidewalk, Thermal Windows/Doors, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

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

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Radiators - Steam
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 70X96
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.15

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 24443
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-01203-0000-00045-0000-
  • Tax Rate Amount: 4.337
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
May 26, 2020
Sold by
Fineman Michael A and Fineman Joyce F
Bought by
Waxman Stephen and Waxman Ruth
Seller's Agent
JILL BRAY
PROMINENT PROPERTIES SIR
Buyer's Agent
SUSAN ADLER
KELLER WILLIAMS REALTY
List Price
$1,425,000
Sold Price
$1,300,000
Premium/Discount to List
-$125,000
-8.77%
Current Estimated Value
$2,039,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$739,615
Avg. Annual Appreciation
8.09%
Original Mortgage
$1,040,000
Outstanding Balance
$909,367
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$1,130,248

Purchase Details

Closed on
Jun 27, 1997
Sold by
Corradetti Robert A and Corradetti Gertrude E
Bought by
Fineman Michael A and Fineman Joyce F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.86%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Waxman Stephen $1,300,000 Stewart Title Guaranty Co
Fineman Michael A $440,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waxman Stephen $1,040,000
Previous Owner Fineman Michael A $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2020 06/02/20 Sold $1,300,000 -8.8% --
03/25/2020 03/25/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $1,425,000 -- --
Source: Garden State MLS

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 $24,550 $563,600 $210,000 $353,600
2024 $24,387 $563,600 $210,000 $353,600
2023 $24,387 $563,600 $210,000 $353,600
2022 $24,139 $563,600 $210,000 $353,600
2021 $24,331 $563,600 $210,000 $353,600
2020 $24,573 $563,600 $210,000 $353,600
2019 $24,601 $563,600 $210,000 $353,600
2018 $24,443 $563,600 $210,000 $353,600
2017 $24,601 $563,600 $210,000 $353,600
2016 $24,240 $563,600 $210,000 $353,600
2015 $23,767 $425,000 $210,000 $215,000
2014 $17,459 $425,000 $210,000 $215,000
Source: Public Records

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Map

Source: Garden State MLS

MLS Number: 3611111

Garden State MLS

APN: 18-01203-0000-00045

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