NOT LISTED FOR SALE

42 Colt Rd Summit, NJ 07901

Estimated Value: $2,020,000 - $4,191,000

4 Beds
4 Baths
-- Sq Ft
0.51 Acres

Last Sold March 20, 2017

Last sale price $1,300,000

Est. 141% increase in value since last sale

Current estimated payment $20,688/month

47 Days on Market

Highlights

  • Maid or Guest Quarters
  • Recreation Room
  • Attic
  • L C Johnson Summit Middle School Rated A+
  • Tudor Architecture
  • Sun or Florida Room

About This Home

As of March 2017

Great opportunity to renovate or build your dream house. Located on .5 of an acre in the Woodland Park section of Summit. Being sold "as is "

Last Agent to Sell the Property

WINIFRED CAVAZINI

PROMINENT PROPERTIES SIR Listed on: 11/18/2016

Co-Listed By

ROSEMARY M DANGLER

PROMINENT PROPERTIES SIR

Last Buyer's Agent

JANE SCHELLING

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,175

Year Built

  • Built in 1930

Lot Details

  • 0.51 Acre Lot
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Tudor Architecture
  • Composition Shingle Roof
  • Wood Siding

Interior Spaces

  • Wood Burning Fireplace
  • Thermal Windows
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Sun or Florida Room
  • Attic
  • Finished Basement

Kitchen

  • Electric Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Maid or Guest Quarters
  • 4 Full Bathrooms
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Schools

  • Franklin Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-05203-0000-00040-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,175

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Style: Tudor
  • Primary Style: Tudor
  • Subproperty Type: Single Family
  • Year Built: 1930
  • Year Built Description: Approximate
  • County Name: Union
  • Directions: Blackburn Road or Ashland Road to Colt Road
  • I D: 4671925
  • Section Subdiv Development: Woodland Park
  • First Name: WINIFRED
  • First Name2: ROSEMARY M
  • First Name3: JANE
  • Last Name: CAVAZINI
  • Last Name2: DANGLER
  • Last Name3: SCHELLING
  • Office Phone: 908-256-3044
  • Office Phone3: 973-635-8200
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Range/Oven-Electric, Refrigerator, Washer, Dishwasher, Kitchen Exhaust Fan, Dryer, Microwave Oven
  • Interior Amenities: StallShw, StallTub, Smoke Detector
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: First
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Description: Finished
  • Basement Level Rooms: Bath(s) Other, Maid Quarters, Laundry Room, Rec Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Galley Type
  • Kitchen Dim: 13x8
  • Kitchen Level: First
  • Living Room Dim: 15x24
  • Living Room Level: First
  • Other Room 1: Sunroom
  • Other Room1 Dim: 14x10
  • Other Room1 Level: First
  • Other Room 2: MaidQrtr
  • Other Room2 Dim: 11x9
  • Other Room2 Level: Basement
  • Other Room 3: Rec Room
  • Other Room3 Dim: 13x20
  • Other Room3 Level: Basement
  • Level 1 Rooms: 1 Bedroom, Bath(s) Other, Family Room, Kitchen, Sunroom, Foyer, Dining Room, Living Room
  • Level 2 Rooms: Bath(s) Other, 3 Bedrooms, Bath Main
  • Level 3 Rooms: Attic
  • Phone: 908-277-1398

Exterior Features

  • Exterior Description: Stucco, Wood
  • Exterior Features: Thermal Windows/Doors, Patio, Storm Door(s), Curbs, Storm Window(s)
  • Roof Description: Composition Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

  • Cooling: Window A/C(s)
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Radiators - Steam
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 0.509
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.51
  • Zoning: RES

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 29175
  • Assessor Parcel Number: 2918-05203-0000-00040-0000-
  • Tax Rate Amount: 4.217
  • Tax Rate Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2017
Sold by
Scherer Robert and Scherer Francine
Bought by
Somers Thomas Luke and Somers Debra
Current Estimated Value
$3,135,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Outstanding Balance
$143,162
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$2,991,905

Purchase Details

Listed on
Nov 18, 2016
Closed on
Mar 8, 2017
Sold by
Fonzo Marion J De
Bought by
Scherer Robert and Scherer Francine
Seller's Agent
WINIFRED CAVAZINI
PROMINENT PROPERTIES SIR
Buyer's Agent
JANE SCHELLING
COLDWELL BANKER REALTY
List Price
$1,395,000
Sold Price
$1,300,000
Premium/Discount to List
-$95,000
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.69%
Original Mortgage
$1,600,000
Interest Rate
4.15%
Mortgage Type
Construction

Purchase Details

Closed on
May 24, 2016
Sold by
Defonzo Marion J, Exc
Bought by
De Fonzo Marion J Trustee

Purchase Details

Closed on
Nov 11, 1997
Sold by
Defonzo Anthony M and Defonzo Marion J
Bought by
Defonzo Anthony M and Defonzo Marion J
Source: Public Records

Range of Values:

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Average Value
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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
Somers Thomas Luke $1,500,000 Chicago Title Co Llc
Scherer Robert $1,300,000 Westcor Land Title Ins Co
De Fonzo Marion J Trustee -- --
Defonzo Anthony M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Somers Thomas Luke $170,000
Previous Owner Scherer Robert $1,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2017 03/20/17 Sold $1,300,000 -6.8% --
01/04/2017 01/04/17 Pending -- -- --
11/18/2016 11/18/16 For Sale $1,395,000 -- --
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
2025 $49,985 $1,147,500 $352,700 $794,800
2024 $49,652 $1,147,500 $352,700 $794,800
2023 $49,652 $1,147,500 $352,700 $794,800
2022 $49,147 $1,147,500 $352,700 $794,800
2021 $49,538 $1,147,500 $352,700 $794,800
2020 $50,031 $1,147,500 $352,700 $794,800
2019 $50,088 $1,147,500 $352,700 $794,800
2018 $29,427 $678,500 $352,700 $325,800
2017 $29,617 $678,500 $352,700 $325,800
2016 $29,182 $678,500 $352,700 $325,800
2015 $28,612 $678,500 $352,700 $325,800
2014 $27,873 $678,500 $352,700 $325,800
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2017

    WINIFRED CAVAZINI

    PROMINENT PROPERTIES SIR

  • R

    Seller Co-Listing Agent in 2017

    ROSEMARY M DANGLER

    PROMINENT PROPERTIES SIR

  • JANE SCHELLING

    Buyer's Agent in 2017

    JANE SCHELLING

    COLDWELL BANKER REALTY

    (862) 345-1147

    4 in this area

    98 Total Sales

    JANE SCHELLING
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Map

Source: Garden State MLS

MLS Number: 3349568

Garden State MLS

APN: 18-05203-0000-00040

New Jersey Union County Summit 07901

42 Colt Rd, Summit, NJ

Not Listed for Sale

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