NOT LISTED FOR SALE

45 Park Ave Summit, NJ 07901

Estimated Value: $751,000 - $995,000

-- Bed
-- Bath
1,816 Sq Ft
$486/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $700,000 $385 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,438/month

51 Days on Market

About This Home

As of July 2022

This home is located at 45 Park Ave, Summit, NJ 07901 since 06 May 2022 and is currently estimated at $881,848, approximately $485 per square foot. This property was built in 1910. 45 Park Ave 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.

Last Agent to Sell the Property

David Sweeney

USREALTY.COM, LLP Brokerage Phone: 866-807-9087 Listed on: 05/06/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 4,792

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Year Built: 1910
  • County Name: Union
  • I D: 5148636
  • Attribution Contact: 866-807-9087
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: .114

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2022
Closed on
Jul 20, 2022
Sold by
Chung Michael Y
Bought by
45 Park Ave Llc
Seller's Agent
David Sweeney
USREALTY.COM, LLP
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%
Current Estimated Value
$881,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,848
Avg. Annual Appreciation
6.94%

Purchase Details

Closed on
Jul 29, 2011
Sold by
Distressed Property Enterprises Ii Llc
Bought by
Chung Michasel Y

Purchase Details

Closed on
Sep 1, 2009
Sold by
Piedrahita Ivan
Bought by
Distressed Property Enterprises Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
4.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2006
Sold by
Piedrahita Ivan
Bought by
45 Park Avenue Summit Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2006
Sold by
Buitrago Jorge H
Bought by
Piedrahita Ivan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2006
Sold by
Coviello Carolyn
Bought by
Buitrago Jorge H and Jimenez Olga E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,600
Interest Rate
6.26%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
45 Park Ave Llc $700,000 Wallace Jeremy
45 Park Ave Llc $700,000 Wallace Jeremy
Chung Michasel Y $506,000 None Available
Distressed Property Enterprises Ii Llc $350,000 None Available
45 Park Avenue Summit Llc -- None Available
Piedrahita Ivan $668,000 --
Buitrago Jorge H $612,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Distressed Property Enterprises Ii Llc $575,000
Previous Owner 45 Park Avenue Summit Llc $50,000
Previous Owner Piedrahita Ivan $534,400
Previous Owner Buitrago Jorge H $489,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2022 07/29/22 Sold $700,000 -3.4% $385 / Sq Ft
06/26/2022 06/26/22 Pending -- -- --
05/31/2022 05/31/22 Price Changed $725,000 -3.3% $399 / Sq Ft
05/06/2022 05/06/22 For Sale $750,000 -- $413 / Sq Ft
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 $9,971 $228,900 $72,900 $156,000
2024 $9,905 $228,900 $72,900 $156,000
2023 $9,905 $228,900 $72,900 $156,000
2022 $9,804 $228,900 $72,900 $156,000
2021 $9,882 $228,900 $72,900 $156,000
2020 $9,980 $228,900 $72,900 $156,000
2019 $9,991 $228,900 $72,900 $156,000
2018 $9,927 $228,900 $72,900 $156,000
2017 $9,991 $228,900 $72,900 $156,000
2016 $9,845 $228,900 $72,900 $156,000
2015 $9,653 $228,900 $72,900 $156,000
2014 $9,403 $228,900 $72,900 $156,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    David Sweeney

    USREALTY.COM, LLP

    (866) 807-9087

    1 in this area

    172 Total Sales

    David Sweeney
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3780290

Garden State MLS

APN: 18-04003-0000-00017

New Jersey Union County Summit 07901

45 Park Ave, Summit, NJ

Not Listed for Sale

MultiFamily

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