NOT LISTED FOR SALE

42 Elm St Unit 38A Summit, NJ 07901

Estimated Value: $571,000 - $712,000

1 Bed
2 Baths
-- Sq Ft
1.19 Acres

Last Sold August 23, 2023

Last sale price $575,000

Est. 6% increase in value since last sale

Current estimated payment $4,002/month

13 Days on Market

About This Home

As of August 2023

This home is located at 42 Elm St Unit 38A, Summit, NJ 07901 since 23 June 2023 and is currently estimated at $610,678. This property was built in 1981. 42 Elm St Unit 38A 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 Listed By

SHERILL LACY

PROMINENT PROPERTIES SIR Brokerage Phone: 973-376-8188 Listed on: 06/23/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,386

Year Built

  • Built in 1981

Lot Details

  • 1.19

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,386

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Year Built: 1981
  • County Name: Union
  • Street Number Display: 42
  • I D: 5229244
  • Modified: 2024-08-24
  • Number Images: 15
  • Attribution Contact: 973-376-8188
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 1
  • Bathrooms: 1.10

Lot Info

  • Lot Size: 170X306

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2023
Closed on
Aug 18, 2023
Sold by
Mussman Karleen M
Bought by
Chotlet Judith R
Seller's Agent
SHERILL LACY
PROMINENT PROPERTIES SIR
Buyer's Agent
SHERILL LACY
PROMINENT PROPERTIES SIR
List Price
$559,000
Sold Price
$575,000
Premium/Discount to List
$16,000
2.86%
Total Days on Market
13
Views
1
Current Estimated Value
$610,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,678
Avg. Annual Appreciation
3.45%
Original Mortgage
$517,500
Outstanding Balance
$511,102
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$98,071

Purchase Details

Listed on
Jul 6, 2022
Closed on
Jul 25, 2022
Sold by
Joseph Hartsig
Bought by
Mussman Karlenn M
Seller's Agent
AMY MCLAUGHLIN
LOIS SCHNEIDER REALTOR
Buyer's Agent
SHERILL LACY
PROMINENT PROPERTIES SIR
List Price
$525,000
Sold Price
$535,000
Premium/Discount to List
$10,000
1.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.97%

Purchase Details

Listed on
Jun 11, 2021
Closed on
Aug 31, 2021
Sold by
Smith Terril N
Bought by
Hartsig Joseph
Seller's Agent
TERRY BRANNIN
EXP REALTY, LLC
Buyer's Agent
JACQUELINE SKLAR
LOIS SCHNEIDER REALTOR
List Price
$489,000
Sold Price
$460,000
Premium/Discount to List
-$29,000
-5.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.05%
Original Mortgage
$345,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 5, 2015
Closed on
Feb 10, 2016
Sold by
Kogan Heather Z
Bought by
Smith Terril N
Seller's Agent
TERRY BRANNIN
EXP REALTY, LLC
Buyer's Agent
TERRY BRANNIN
EXP REALTY, LLC
List Price
$479,000
Sold Price
$450,000
Premium/Discount to List
-$29,000
-6.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.40%
Original Mortgage
$450,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2015
Sold by
Tamallanca Mario H and Tamallanca Betty R
Bought by
Kogan Heather Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,750
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2011
Sold by
Donnelly Brian and Donnelly Kathleen
Bought by
Tamallanca Mario H

Purchase Details

Closed on
Aug 24, 2005
Sold by
Donnelly Brian
Bought by
Donnelly Brian and Donnelly Kathleen

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Chotlet Judith R $575,000 Evident Title
Mussman Karlenn M $535,000 Acres Land Title
Hartsig Joseph $460,000 Chicago Title Company Llc
Smith Terril N $450,000 --
Kogan Heather Z $355,000 Chicago Title Insurance Co
Tamallanca Mario H $377,500 Stewart Title Guaranty Co
Donnelly Brian -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chotlet Judith R $517,500
Previous Owner Hartsig Joseph $345,000
Previous Owner Smith Terril N $450,000
Previous Owner Kogan Heather Z $301,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2023 08/23/23 Sold $575,000 +2.9% --
07/06/2023 07/06/23 Pending -- -- --
06/23/2023 06/23/23 For Sale $559,000 +4.5% --
07/29/2022 07/29/22 Sold $535,000 +1.9% --
07/12/2022 07/12/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $525,000 +14.1% --
09/01/2021 09/01/21 Sold $460,000 -5.9% --
07/09/2021 07/09/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $489,000 +8.7% --
02/10/2016 02/10/16 Sold $450,000 -6.1% --
12/07/2015 12/07/15 Pending -- -- --
08/05/2015 08/05/15 For Sale $479,000 -- --
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
2024 $7,386 $170,700 $75,000 $95,700
2023 $7,386 $170,700 $75,000 $95,700
2022 $7,311 $170,700 $75,000 $95,700
2021 $7,369 $170,700 $75,000 $95,700
2020 $7,443 $170,700 $75,000 $95,700
2019 $7,451 $170,700 $75,000 $95,700
2018 $7,403 $170,700 $75,000 $95,700
2017 $7,451 $170,700 $75,000 $95,700
2016 $6,950 $161,600 $75,000 $86,600
2015 $6,815 $161,600 $75,000 $86,600
2014 -- $161,600 $75,000 $86,600
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    SHERILL LACY

    PROMINENT PROPERTIES SIR

  • A

    Seller's Agent in 2022

    AMY MCLAUGHLIN

    LOIS SCHNEIDER REALTOR

  • T

    Seller's Agent in 2021

    TERRY BRANNIN

    EXP REALTY, LLC

  • J

    Buyer's Agent in 2021

    JACQUELINE SKLAR

    LOIS SCHNEIDER REALTOR

See All Agents

Map

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Source: Garden State MLS

MLS Number: 3851087

Garden State MLS

APN: 18-03311-0000-00014-11

New Jersey Union County Summit 07901

42 Elm St Unit 38A, Summit, NJ

Homes for Sale in Summit, NJ

This home is located at 42 Elm St Unit 38A, Summit, NJ 07901 since 23 June 2023 and is currently estimated at $610,678. This property was built in 1981. 42 Elm St Unit 38A 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.

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Information deemed reliable but not guaranteed.
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