NOT LISTED FOR SALE

41 Rowan Rd Summit, NJ 07901

Estimated Value: $4,075,000 - $4,570,000

7 Beds
5 Baths
5,253 Sq Ft
$819/Sq Ft Est. Value

Sale Details

Date 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 $27,696 / mo

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 $4,302,442, approximately $819 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

Year Built

  • Built in 1916

Lot Details

  • 1.09

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1916

Lot Details

1.09 Acres

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

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
Jun 12, 2023
Closed on
Jun 8, 2023
Sold by
Bought by
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
$4,302,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$452,442
Avg. Annual Appreciation
3.83%
Original Mortgage
$2,850,000
Outstanding Balance
$2,755,319
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$1,547,123

Purchase Details

Closed on
Jun 1, 2010
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
$1,500,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2006
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
$900,000
Interest Rate
7.4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 27, 1999
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
$600,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

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
$3,850,000 Simplicity Title
$2,900,000 Lawyers Title Insurance Corp
$2,900,000 --
$1,500,000 --
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
Open $2,850,000
Previous Owner $1,500,000
Previous Owner $900,000
Previous Owner $600,000
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
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

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
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

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