A
Seller's Agent in 2021
Anthony Verducci Jr.
SERHANT NEW JERSEY LLC
(973) 477-2220
14 in this area
141 Total Sales
40 Beekman Terrace Summit, NJ 07901
Estimated Value: $5,615,000 - $8,556,000
9
Beds
8
Baths
7,748
Sq Ft
$967/Sq Ft
Est. Value
Highlights
- Heated In Ground Pool
- 3.12 Acre Lot
- Dining Room with Fireplace
- L C Johnson Summit Middle School Rated A+
- Colonial Architecture
- Wooded Lot
About This Home
As of December 2021The earliest of three Rossiter & Wright-designed estates, Finisterre set the tone for many other fine Summit residences. A structurally significant Colonial Revival built in 1892 and fully renovated to perfection in 2004, this residence has been extensively redesigned and expanded for today's modern lifestyle with no expenses spared during its restoration. The beauty of this magnificent estate, ideally situated on the largest residential neighborhood property in Summit, lies in its balance of refined architectural detailing, unsurpassed craftsmanship and grand open spaces, boasting 20 rooms including 9 bedrooms, 6.2 baths and 5 fireplaces. The grounds feature sweeping lawns, an expansive circular drive, 3-car garage, heated in-ground pool with pool house and wrap-around front porch. Truly spectacular.
Last Buyer's Agent
ELAINE PRUZON
PROMINENT PROPERTIES SIR
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $83,799
Year Built
- Built in 1892 | Remodeled
Lot Details
- 3.12 Acre Lot
- Property fronts a private road
- Fenced
- Level Lot
- Open Lot
- Sprinkler System
- Wooded Lot
Parking
- 3 Car Garage
- Circular Driveway
- Additional Parking
Home Design
- Colonial Architecture
- Slate Roof
- Metal Roof
- Wood Siding
- Stone Siding
Interior Spaces
- Wet Bar
- Sound System
- Dry Bar
- High Ceiling
- Thermal Windows
- Shades
- Blinds
- Entrance Foyer
- Great Room
- Family Room
- Living Room with Fireplace
- Dining Room with Fireplace
- 5 Fireplaces
- Breakfast Room
- Formal Dining Room
- Home Office
- Library with Fireplace
- Recreation Room with Fireplace
- Storage Room
- Utility Room
- Home Gym
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Self-Cleaning Oven
- Recirculated Exhaust Fan
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Wall to Wall Carpet
- Stone
Bedrooms and Bathrooms
- 9 Bedrooms
- Primary bedroom located on second floor
- En-Suite Primary Bedroom
- Cedar Closet
- Walk-In Closet
- Dressing Area
- Powder Room
- In-Law or Guest Suite
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Front Basement Entry
Home Security
- Intercom
- Fire and Smoke Detector
Pool
- Heated In Ground Pool
- Gunite Pool
Outdoor Features
- Patio
- Outbuilding
- Porch
Schools
- Franklin Elementary School
- Summit Middle School
- Summit High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Radiant Heating System
- Underground Utilities
- Standard Electricity
- Water Filtration System
- Water Tap or Transfer Fee
- Water Softener is Owned
Listing and Financial Details
- Assessor Parcel Number 2918-01702-0000-00012-0000-
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 7, 2021
Closed on
Nov 15, 2021
Sold by
Schiffer Amy Elizabeth
Bought by
Zimmerman Betsy A and Zimmerman Edward M
Seller's Agent
Anthony Verducci Jr.
SERHANT NEW JERSEY LLC
Buyer's Agent
ELAINE PRUZON
PROMINENT PROPERTIES SIR
List Price
$6,800,000
Sold Price
$6,300,000
Premium/Discount to List
-$500,000
-7.35%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,194,460
Avg. Annual Appreciation
4.29%
Original Mortgage
$4,410,000
Outstanding Balance
$3,426,212
Interest Rate
2.35%
Mortgage Type
New Conventional
Estimated Equity
$4,068,248
Purchase Details
Closed on
Jun 23, 2003
Sold by
Hyite Lawrence
Bought by
Schiffer Craig and Schiffer Amy
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zimmerman Betsy A | $6,300,000 | Acres Land Title Agency Inc | |
| Schiffer Craig | $3,472,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zimmerman Betsy A | $4,410,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/10/2021 12/10/21 | Sold | $6,300,000 | -7.4% | $813 / Sq Ft |
| 08/30/2021 08/30/21 | Pending | -- | -- | -- |
| 04/22/2021 04/22/21 | For Sale | $6,800,000 | -- | $878 / Sq Ft |
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 | $83,722 | $1,922,000 | $642,000 | $1,280,000 |
| 2024 | $83,165 | $1,922,000 | $642,000 | $1,280,000 |
| 2023 | $83,165 | $1,922,000 | $642,000 | $1,280,000 |
| 2022 | $82,319 | $1,922,000 | $642,000 | $1,280,000 |
| 2021 | $82,973 | $1,922,000 | $642,000 | $1,280,000 |
| 2020 | $83,799 | $1,922,000 | $642,000 | $1,280,000 |
| 2019 | $83,895 | $1,922,000 | $642,000 | $1,280,000 |
| 2018 | $83,357 | $1,922,000 | $642,000 | $1,280,000 |
| 2017 | $83,895 | $1,922,000 | $642,000 | $1,280,000 |
| 2016 | $82,665 | $1,922,000 | $642,000 | $1,280,000 |
| 2015 | $81,051 | $1,922,000 | $642,000 | $1,280,000 |
| 2014 | $78,956 | $1,922,000 | $642,000 | $1,280,000 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Verducci Jr.
-
E
Buyer's Agent in 2021
ELAINE PRUZON
PROMINENT PROPERTIES SIR
-
S
Buyer Co-Listing Agent in 2021
SUZANNE L. POLOW
PROMINENT PROPERTIES SIR
Map
Source: Garden State MLS
MLS Number: 3703349
APN: 18-01702-0000-00012
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