NOT LISTED FOR SALE

40 Prospect Hill Ave Summit, NJ 07901

Estimated Value: $5,018,000 - $6,878,250

6 Beds
6 Baths
-- Sq Ft
1.14 Acres

Last Sold December 28, 2023

Last sale price $6,500,000

Est. 9% decrease in value since last sale

Current estimated payment $37,418/month

About This Home

As of December 2023

This home is located at 40 Prospect Hill Ave, Summit, NJ 07901 since 27 December 2023 and is currently estimated at $5,897,750. This property was built in 1925. 40 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

CYNTHIA BAKER

LOIS SCHNEIDER REALTOR Brokerage Phone: 908-277-1398 Listed on: 12/27/2023

Last Buyer's Agent

Saritte Harel

KELLER WILLIAMS REALTY

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $63,391

Year Built

  • Built in 1925

Lot Details

  • 1.14 Acre Lot

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$63,391

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Year Built: 1925
  • County Name: Union
  • Street Number Display: 40
  • I D: 5265738
  • Modified: 2024-12-29
  • Number Images: 1
  • Attribution Contact: 908-277-1398
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Bathrooms: 5.10

Lot Info

  • Lot Size: 200X248
  • Total Acres: 1.14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2023
Closed on
Dec 20, 2023
Sold by
Killian Thomas W and Killian Leslie Z
Bought by
40 Prospect Hill Llc
Seller's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
Buyer's Agent
Saritte Harel
KELLER WILLIAMS REALTY
List Price
$6,500,000
Sold Price
$6,500,000
Current Estimated Value
$5,897,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$602,250
Avg. Annual Appreciation
-0.92%

Purchase Details

Closed on
Dec 11, 2013
Sold by
Moriarty Mary Eileen
Bought by
Moriarty Robert F and Moriarty Mary Eileen

Purchase Details

Closed on
Aug 15, 2000
Sold by
Politzer Gabriel Gustavo and Politzer Evelyn Weissmann
Bought by
Killian Thomas W and Killian Leslie Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
7.8%

Purchase Details

Closed on
Nov 3, 1999
Sold by
Politzer Gabriel Gustavo and Weissmann Evelyn
Bought by
Politzer Gabriel Gustavo and Weissmann Evelyn

Purchase Details

Closed on
Mar 21, 1996
Sold by
Profeta Paul and Profeta Loraine
Bought by
Politzer Gabriel Gustavo and Weissmann Evelyn
Source: Public Records

Range of Values:

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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
40 Prospect Hill Llc $6,500,000 Green Hill Title
Killian Thomas W $3,000,000 --
Politzer Gabriel Gustavo -- --
Politzer Gabriel Gustavo $1,595,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Killian Thomas W $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2023 12/28/23 Sold $6,500,000 0.0% --
12/27/2023 12/27/23 For Sale $6,500,000 -- --
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 $63,391 $1,465,000 $621,700 $843,300
2023 $63,391 $1,465,000 $621,700 $843,300
2022 $62,746 $1,465,000 $621,700 $843,300
2021 $63,244 $1,465,000 $621,700 $843,300
2020 $63,874 $1,465,000 $621,700 $843,300
2019 $73,817 $1,691,100 $621,700 $1,069,400
2018 $73,343 $1,691,100 $621,700 $1,069,400
2017 $73,817 $1,691,100 $621,700 $1,069,400
2016 $72,734 $1,691,100 $621,700 $1,069,400
2015 $76,585 $1,816,100 $621,700 $1,194,400
2014 $74,605 $1,816,100 $621,700 $1,194,400
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    CYNTHIA BAKER

    LOIS SCHNEIDER REALTOR

  • Saritte Harel

    Buyer's Agent in 2023

    Saritte Harel

    KELLER WILLIAMS REALTY

    (973) 713-9464

    33 in this area

    353 Total Sales

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Map

Source: Garden State MLS

MLS Number: 3882840

Garden State MLS

APN: 18-03502-0000-00016

New Jersey Union County Summit 07901

40 Prospect Hill Ave, Summit, NJ

This home is located at 40 Prospect Hill Ave, Summit, NJ 07901 since 27 December 2023 and is currently estimated at $5,897,750. This property was built in 1925. 40 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.

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