NOT LISTED FOR SALE

47 N Summit Ave Chatham, NJ 07928

Estimated Value: $956,000 - $1,014,000

3 Beds
2 Baths
1,529 Sq Ft
$652/Sq Ft Est. Value

Last Sold January 27, 2022

Last sale price $700,000 $458 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,413/month

27 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Wood Flooring
  • Chatham High School Rated A+
  • Recreation Room
  • Formal Dining Room

About This Home

As of January 2022

Town living with Suburban amenities! This MOVE-IN READY 3 bedroom, 2 full bath Colonial, in the desirable North Summit Ave neighborhood, offers a multitude of shops and restaurants, only steps away from the Midtown Direct Train Station. Fresh paint and a newly stained deck are a bright and sunny start to this lovely place. Now is your time to live in this popular train line town known for its excellent schools, nearby parks, golf courses, clubs and proximity to NYC.

Last Agent to Sell the Property

Michelle Daniher

COMPASS NEW JERSEY, LLC Listed on: 10/29/2021

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

Theresa Milliken

WEICHERT REALTORS

WEICHERT REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,885

Year Built

  • Built in 1947

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • Skylights
  • Thermal Windows
  • Shades
  • Blinds
  • Family Room
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Utility Room
  • Wood Flooring
  • Carbon Monoxide Detectors

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • French Drain

Outdoor Features

  • Deck

Schools

  • Milton Elementary School
  • Chatham Middle School
  • Chatham High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 2304-00055-0000-00049-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,885

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1947
  • Year Built Description: Approximate
  • County Name: Morris
  • Street Number Display: 47
  • Directions: Morris Turnpike towards Exit 7A for NJ-124 W/Chatham and right on N Summit Ave.
  • I D: 5111094
  • Modified: 2023-01-28
  • Number Images: 26
  • First Name: MICHELLE
  • First Name3: THERESA
  • Last Name: DANIHER
  • Last Name3: MILLIKEN
  • Office Phone: 973-310-6816
  • Attribution Contact: 973-310-6816
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Wood
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven-Gas, Refrigerator, Sump Pump, Washer
  • Interior Amenities: Blinds, Shades, Skylight
  • Number Rooms: 7
  • Bedrooms: 3
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished, French Drain, Full
  • Basement Level Rooms: Laundry Room, Rec Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Separate Dining Area
  • Kitchen Dim: 11x13
  • Kitchen Level: First
  • Living Room Dim: 17x13
  • Living Room Level: First
  • Other Room 1: Rec Room
  • Other Room1 Dim: 20x11
  • Other Room1 Level: Basement
  • Other Room 2: Laundry Room
  • Other Room2 Dim: 20x12
  • Other Room2 Level: Basement
  • Level 1 Rooms: Bath(s) Other, Dining Room, Family Room, Kitchen, Laundry Room, Living Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main
  • Phone: 973-310-6816

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Sidewalk, Thermal Windows/Doors
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener
  • Number Garage Spaces: 1
  • Number Parking Spaces: 2
  • Parking Driveway Description: Blacktop

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Schools

  • Elementary School: Milton
  • Middle School: Chatham
  • High School: Chatham
  • High School: Chatham
  • Middle Jr High School: Chatham

Lot Info

  • Lot Size: 50X125
  • Assessed Improvement Value: 134900
  • Assessed Land Value: 378800
  • Assessment: 513700
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 49
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.14
  • Zoning: Residential

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 10885
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2304-00055-0000-00049-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.119
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: Milton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2021
Closed on
Jan 25, 2022
Sold by
Burke Augusta H
Bought by
Sorace Edward and Marino Kimberly
Seller's Agent
Michelle Daniher
COMPASS NEW JERSEY, LLC
Buyer's Agent
Theresa Milliken
WEICHERT REALTORS
List Price
$735,000
Sold Price
$700,000
Premium/Discount to List
-$35,000
-4.76%
Current Estimated Value
$997,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,542
Avg. Annual Appreciation
10.40%
Original Mortgage
$595,000
Outstanding Balance
$554,925
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$442,617

Purchase Details

Closed on
Jun 30, 2008
Sold by
Powers Joseph B and Powers Barbara Burke
Bought by
Burke Augusta

Purchase Details

Closed on
Aug 16, 2002
Sold by
Powers Joe
Bought by
Powers Joe and Powers Barbara

Purchase Details

Closed on
Apr 26, 2001
Sold by
Milde Edward
Bought by
Powers Joe and Powers Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,750
Interest Rate
6.88%
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
Sorace Edward $700,000 Fidelity National Title
Burke Augusta $625,000 Multiple
Powers Joe -- --
Powers Joe $315,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sorace Edward $595,000
Previous Owner Powers Joe $267,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2022 01/27/22 Sold $700,000 -4.8% $458 / Sq Ft
12/02/2021 12/02/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $735,000 -- $481 / 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 $11,741 $725,200 $543,800 $181,400
2024 $11,270 $725,200 $543,800 $181,400
2023 $11,270 $725,200 $543,800 $181,400
2022 $10,593 $513,700 $378,800 $134,900
2021 $10,593 $513,700 $378,800 $134,900
2020 $10,885 $513,700 $378,800 $134,900
2019 $10,808 $513,700 $378,800 $134,900
2018 $10,505 $513,700 $378,800 $134,900
2017 $10,202 $513,700 $378,800 $134,900
2016 $9,935 $513,700 $378,800 $134,900
2015 $9,817 $513,700 $378,800 $134,900
2014 $9,745 $513,700 $378,800 $134,900
Source: Public Records

Agents Affiliated with this Home

  • Michelle Daniher

    Seller's Agent in 2022

    Michelle Daniher

    COMPASS NEW JERSEY, LLC

    (201) 213-0250

    21 in this area

    80 Total Sales

    Michelle Daniher
    Section Image
  • Theresa Milliken

    Buyer's Agent in 2022

    Theresa Milliken

    WEICHERT REALTORS

    (973) 713-2606

    4 in this area

    48 Total Sales

    Theresa Milliken
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3749215

Garden State MLS

APN: 04-00055-0000-00049

New Jersey Morris County Chatham 07928

47 N Summit Ave, Chatham, NJ

This home is located at 47 N Summit Ave, Chatham, NJ 07928 since 29 October 2021 and is currently estimated at $997,542, approximately $652 per square foot. This property was built in 1947. 47 N Summit Ave is a home located in Morris County with nearby schools including Chatham High School, St. Patrick School, and ECLC of New Jersey.

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