NOT LISTED FOR SALE

40 Sunset Dr Summit, NJ 07901

Estimated Value: $1,838,971 - $2,186,000

4 Beds
4 Baths
2,535 Sq Ft
$804/Sq Ft Est. Value

Last Sold July 31, 2013

Last sale price $975,000 $385 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $12,311/month

About This Home

As of July 2013

This home is located at 40 Sunset Dr, Summit, NJ 07901 since 31 July 2013 and is currently estimated at $2,039,243, approximately $804 per square foot. 40 Sunset Dr is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

Last Agent to Sell the Property

MARIE TURTUR

PROMINENT PROPERTIES SIR Brokerage Phone: 908-522-1800 Listed on: 07/31/2013

Last Buyer's Agent

LAWRENCE SMITH

ELITE REALTORS OF NEW JERSEY

Home Details

Home Type

  • Single Family

Lot Details

  • 0.35 Acre Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • County Name: Union
  • I D: 4315495
  • Attribution Contact: 908-522-1800
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 4.00

Lot Info

  • Lot Size: 0.348
  • Total Acres: 0.35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2013
Sold by
Pearson Thomas A and Ross Melanie R
Bought by
Li Zhihua and Duang Rong
Current Estimated Value
$2,039,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$741,500
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 7, 2002
Sold by
Cendant Mobility Financial Corp
Bought by
Pearson Thomas A and Ross Melanie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2002
Sold by
Chesner William A and Chesner Trace L
Bought by
Pearson Thomas A and Ross Melanie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 1998
Sold by
Brody Sonia B
Bought by
Chesner William A and Chesner Trace L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
7.25%
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Li Zhihua $975,000 Agent For Chicago Title Insu
Pearson Thomas A $770,000 Old Republic Title
Pearson Thomas A $770,000 Old Republic Title
Chesner William A $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Li Zhihua $741,500
Previous Owner Pearson Thomas A $650,000
Previous Owner Pearson Thomas A $650,000
Previous Owner Chesner William A $460,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2013 07/31/13 Sold $975,000 -- $385 / 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
2025 $19,511 $447,900 $206,600 $241,300
2024 $19,381 $447,900 $206,600 $241,300
2023 $19,381 $447,900 $206,600 $241,300
2022 $19,184 $447,900 $206,600 $241,300
2021 $19,336 $447,900 $206,600 $241,300
2020 $19,528 $447,900 $206,600 $241,300
2019 $19,551 $447,900 $206,600 $241,300
2018 $19,425 $447,900 $206,600 $241,300
2017 $19,551 $447,900 $206,600 $241,300
2016 $19,264 $447,900 $206,600 $241,300
2015 $18,888 $447,900 $206,600 $241,300
2014 $18,400 $447,900 $206,600 $241,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    MARIE TURTUR

    PROMINENT PROPERTIES SIR

  • L

    Buyer's Agent in 2013

    LAWRENCE SMITH

    ELITE REALTORS OF NEW JERSEY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3019306

Garden State MLS

APN: 18-02902-0000-00015

New Jersey Union County Summit 07901

40 Sunset Dr, Summit, NJ

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes