NOT LISTED FOR SALE

41 Rowan Rd Summit, NJ 07901

Estimated Value: $4,127,884 - $4,457,000

7 Beds
5 Baths
5,253 Sq Ft
$820/Sq Ft Est. Value

Last Sold June 12, 2023

Last sale price $3,850,000 $733 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $27,096/month

About This Home

As of June 2023

This home is located at 41 Rowan Rd, Summit, NJ 07901 since 12 June 2023 and is currently estimated at $4,308,295, approximately $820 per square foot. This property was built in 1916. 41 Rowan Rd 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

KERRIN SEARS

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808 Listed on: 06/12/2023

Last Buyer's Agent

KELLY IACOVELLI

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $52,664

Year Built

  • Built in 1916

Lot Details

  • 1.09

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$52,664

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Year Built: 1916
  • County Name: Union
  • I D: 5205750
  • Attribution Contact: 908-273-8808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 7
  • Bathrooms: 4.20

Lot Info

  • Lot Size: 1.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2023
Closed on
Jun 8, 2023
Sold by
Mallgrave Matthew F and Mallgrave Genevieve A
Bought by
Durik Kimberly Ann and Durik Michael George
Seller's Agent
KERRIN SEARS
PROMINENT PROPERTIES SIR
Buyer's Agent
KELLY IACOVELLI
PROMINENT PROPERTIES SIR
List Price
$3,850,000
Sold Price
$3,850,000
Current Estimated Value
$4,308,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$458,295
Avg. Annual Appreciation
4.84%
Original Mortgage
$2,850,000
Outstanding Balance
$2,773,791
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$1,534,504

Purchase Details

Closed on
Jun 1, 2010
Sold by
Fernicola Gregory A and Berninger Michelle L
Bought by
Mallgrave Matthew F and Mallgrave Genevieve A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2006
Sold by
Haigh John A
Bought by
Fernicola Gregory A and Berninger Michelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
7.4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 27, 1999
Sold by
Haines Stiles Geoffrey and Akuginow Erna
Bought by
Haigh John A and Ehrenreich Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Durik Kimberly Ann $3,850,000 Simplicity Title
Mallgrave Matthew F $2,900,000 Lawyers Title Insurance Corp
Fernicola Gregory A $2,900,000 --
Haigh John A $1,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Durik Kimberly Ann $2,850,000
Previous Owner Mallgrave Matthew F $1,500,000
Previous Owner Fernicola Gregory A $900,000
Previous Owner Haigh John A $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2023 06/12/23 Sold $3,850,000 0.0% $733 / Sq Ft
06/12/2023 06/12/23 Pending -- -- --
06/12/2023 06/12/23 For Sale $3,850,000 -- $733 / 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 $52,664 $1,209,000 $519,000 $690,000
2024 $52,313 $1,209,000 $519,000 $690,000
2023 $52,313 $1,209,000 $519,000 $690,000
2022 $52,193 $1,209,000 $519,000 $690,000
2021 $57,382 $1,209,000 $519,000 $690,000
2020 $57,317 $1,314,600 $519,000 $795,600
2019 $57,382 $1,314,600 $519,000 $795,600
2018 $57,014 $1,314,600 $519,000 $795,600
2017 $57,382 $1,314,600 $519,000 $795,600
2016 $56,541 $1,314,600 $519,000 $795,600
2015 $55,437 $1,314,600 $519,000 $795,600
2014 $54,004 $1,314,600 $519,000 $795,600
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    KERRIN SEARS

    PROMINENT PROPERTIES SIR

  • K

    Buyer's Agent in 2023

    KELLY IACOVELLI

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3848974

Garden State MLS

APN: 18-04501-0000-00020

New Jersey Union County Summit 07901

41 Rowan Rd, Summit, NJ

Not Listed for Sale

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