NOT LISTED FOR SALE

40 Prospect Hill Ave Summit, NJ 07901

Estimated Value: $5,479,000 - $6,259,968

6 Beds
6 Baths
-- Sq Ft
1.14 Acre Lot

Sale Details

Date Sold: December 28, 2023

Last sale price $6,500,000

Est. 12% decrease in value since last sale

Current estimated payment $36,258 / mo

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 $5,910,323. 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

Year Built

  • Built in 1925

Lot Details

  • 1.14 Acre Lot

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

1.14 Acres

Listing Details

  • Year Built: 1925
  • County Name: Union
  • I D: 5265738
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2023
Closed on
Dec 20, 2023
Sold by
Bought by
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
$5,735,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$764,248
Avg. Annual Appreciation
-3.69%

Purchase Details

Closed on
Aug 15, 2000
Sold by
Bought by

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
0.078%

Purchase Details

Closed on
Nov 3, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 21, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$6,500,000 Green Hill Title
$3,000,000 --
-- --
$1,595,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $65,500 $2,340,300 $621,700 $1,718,600
2025 $65,500 $1,465,000 $621,700 $843,300
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

    343 Total Sales

    Saritte Harel
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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

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