NOT LISTED FOR SALE

42 Oak Ridge Ave Summit, NJ 07901

Estimated Value: $1,664,000 - $2,248,000

6 Beds
4 Baths
-- Sq Ft
0.33 Acres

Last Sold June 01, 2021

Last sale price $1,475,000

Est. 32% increase in value since last sale

Current estimated payment $12,536/month

42 Days on Market

About This Home

As of June 2021

This home is located at 42 Oak Ridge Ave, Summit, NJ 07901 since 05 March 2021 and is currently estimated at $1,947,870. 42 Oak Ridge Ave 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

DIANE ROBINSON

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808 Listed on: 03/05/2021

Co-Listed By

SUZETTE POTOLSKY

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808

Last Buyer's Agent

ALLISON B LEES

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,699

Lot Details

  • 0.33

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,699

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 42
  • I D: 5051619
  • Modified: 2025-07-22
  • Number Images: 1
  • Attribution Contact: 908-273-8808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Bathrooms: 3.20

Lot Info

  • Lot Size: .330

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2021
Closed on
May 27, 2021
Sold by
Kairam Neeraja
Bought by
Janela William John and Janela Morgan Oakes
Seller's Agent
DIANE ROBINSON
PROMINENT PROPERTIES SIR
Buyer's Agent
ALLISON B LEES
PROMINENT PROPERTIES SIR
List Price
$1,625,000
Sold Price
$1,475,000
Premium/Discount to List
-$150,000
-9.23%
Current Estimated Value
$1,944,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$469,174
Avg. Annual Appreciation
6.70%
Original Mortgage
$1,180,000
Outstanding Balance
$1,077,606
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$859,170

Purchase Details

Listed on
Sep 14, 2016
Closed on
Mar 10, 2017
Sold by
Mcauley Patrick J and Mcauley Regina
Bought by
Kairam Hemant and Kairam Neeraja
Seller's Agent
JUDITH WATSON
LOIS SCHNEIDER REALTOR
Buyer's Agent
DIANE ROBINSON
PROMINENT PROPERTIES SIR
List Price
$1,599,999
Sold Price
$1,515,000
Premium/Discount to List
-$84,999
-5.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.63%
Original Mortgage
$1,212,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 1991
Bought by
Mcauley Patrick J and Mcauley Regina M
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
Janela William John $1,475,000 Cortes & Hay Title Agcy Inc
Janela William John $1,475,000 Old Republic Title
Kairam Hemant $1,515,000 None Available
Mcauley Patrick J $290,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Janela William John $1,180,000
Closed Janela William John $1,180,000
Previous Owner Kairam Hemant $1,212,000
Previous Owner Mcauley Patrick J $500,000
Previous Owner Mcauley Patrick J $622,500
Previous Owner Mcauley Patrick J $675,000
Previous Owner Mcauley Patrick J $200,000
Previous Owner Mcauley Patrick J $150,000
Previous Owner Mcauley Patrick J $50,000
Previous Owner Mcauley Patrick J $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $1,475,000 -6.3% --
04/16/2021 04/16/21 Pending -- -- --
03/25/2021 03/25/21 Price Changed $1,575,000 -3.1% --
03/05/2021 03/05/21 For Sale $1,625,000 +7.3% --
03/10/2017 03/10/17 Sold $1,515,000 -5.3% --
12/16/2016 12/16/16 Pending -- -- --
09/14/2016 09/14/16 For Sale $1,599,999 -- --
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 $22,699 $524,600 $280,500 $244,100
2023 $22,699 $524,600 $280,500 $244,100
2022 $22,469 $524,600 $280,500 $244,100
2021 $22,647 $524,600 $280,500 $244,100
2020 $20,514 $470,500 $280,500 $190,000
2019 $20,537 $470,500 $280,500 $190,000
2018 $20,406 $470,500 $280,500 $190,000
2017 $20,537 $470,500 $280,500 $190,000
2016 $20,236 $470,500 $280,500 $190,000
2015 $19,841 $470,500 $280,500 $190,000
2014 $19,328 $470,500 $280,500 $190,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    DIANE ROBINSON

    PROMINENT PROPERTIES SIR

  • S

    Seller Co-Listing Agent in 2021

    SUZETTE POTOLSKY

    PROMINENT PROPERTIES SIR

  • A

    Buyer's Agent in 2021

    ALLISON B LEES

    PROMINENT PROPERTIES SIR

  • J

    Seller's Agent in 2017

    JUDITH WATSON

    LOIS SCHNEIDER REALTOR

  • R

    Seller Co-Listing Agent in 2017

    REGINA M MCAULEY

    LOIS SCHNEIDER REALTOR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3695751

Garden State MLS

APN: 18-04501-0000-00017

New Jersey Union County Summit 07901

42 Oak Ridge Ave, Summit, NJ

This home is located at 42 Oak Ridge Ave, Summit, NJ 07901 since 05 March 2021 and is currently estimated at $1,947,870. 42 Oak Ridge Ave 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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