42 Franklin Place Unit 2 Summit, NJ 07901
Estimated Value: $835,215 - $1,446,000
Studio
2
Baths
2,430
Sq Ft
$462/Sq Ft
Est. Value
About This Home
This home is located at 42 Franklin Place Unit 2, Summit, NJ 07901 and is currently estimated at $1,123,304, approximately $462 per square foot. 42 Franklin Place Unit 2 is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Kent Place School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 26, 1999
Sold by
Erday Timothy and Grabko John
Bought by
Timbar Associates #42 Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Outstanding Balance
$63,885
Interest Rate
7.37%
Estimated Equity
$1,059,419
Purchase Details
Closed on
Sep 28, 1994
Sold by
Gilhart George W
Bought by
Erday Timothy and Grabko John
Purchase Details
Closed on
Aug 12, 1994
Sold by
Szardenings Siegfried
Bought by
Gilhart George William
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Timbar Associates #42 Llc | $292,500 | -- | |
| Erday Timothy | $212,500 | -- | |
| Gilhart George William | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Timbar Associates #42 Llc | $236,000 |
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 | $10,559 | $242,400 | $133,000 | $109,400 |
| 2024 | $10,489 | $242,400 | $133,000 | $109,400 |
| 2023 | $10,489 | $242,400 | $133,000 | $109,400 |
| 2022 | $10,382 | $242,400 | $133,000 | $109,400 |
| 2021 | $10,464 | $242,400 | $133,000 | $109,400 |
| 2020 | $10,569 | $242,400 | $133,000 | $109,400 |
| 2019 | $10,581 | $242,400 | $133,000 | $109,400 |
| 2018 | $10,513 | $242,400 | $133,000 | $109,400 |
| 2017 | $10,581 | $242,400 | $133,000 | $109,400 |
| 2016 | $10,426 | $242,400 | $133,000 | $109,400 |
| 2015 | $10,222 | $242,400 | $133,000 | $109,400 |
| 2014 | $9,958 | $242,400 | $133,000 | $109,400 |
Source: Public Records
Map
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