NOT LISTED FOR SALE

47 Oxbow Ln Summit, NJ 07901

Estimated Value: $3,894,000 - $4,252,000

6 Beds
6 Baths
5,676 Sq Ft
$715/Sq Ft Est. Value

Last Sold May 15, 2018

Last sale price $2,356,500 $415 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $25,499/month

154 Days on Market

Highlights

  • Custom Home
  • Family Room with Fireplace
  • Wood Flooring
  • L C Johnson Summit Middle School Rated A+
  • Recreation Room
  • High Ceiling

About This Home

As of May 2018

Presiding over .8 acre nestled on picturesque Ox Bow Lane, this stately English Manor home offers location, luxury and lifestyle sought by today's homebuyer. A front to back foyer, center hallway and wide entries set the tone for its spacious rms,open flr plan, w /front and rear staircases. The stunning kitchen addition is at the heart of the home, featuring state-of-the art appliances, wet bar, pantry and recycling chute to garage. Mud Rm w/heated flrs,powder rm w/access to garage & French Drs. to rear patio.Two fireplaces, new windows/ panoramic views- overlooking professionally landscaped prop. 6 BR,4 bths ,2 pwd rms -MBR w/adjoining luxury MB 12' high ceilings, twin custom vanities,free standing tub, oversized marble shower/bench and heated towel rack. This exquisite home offers "Living at It's Best"

Last Agent to Sell the Property

SANDRA P LONG

LOIS SCHNEIDER REALTOR Listed on: 09/20/2017

Last Buyer's Agent

Suzanne Lear

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $51,659

Year Built

  • Built in 1920

Lot Details

  • 0.81 Acre Lot
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener
  • Additional Parking

Home Design

  • Custom Home
  • Colonial Architecture
  • Brick Exterior Construction
  • Composition Shingle Roof

Interior Spaces

  • Wet Bar
  • High Ceiling
  • Wood Burning Fireplace
  • Gas Fireplace
  • Thermal Windows
  • Drapes & Rods
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Storage Room
  • Utility Room
  • Home Gym
  • Finished Basement
  • Front Basement Entry

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Free-Standing Freezer
  • Dishwasher
  • Trash Compactor

Flooring

  • Wood
  • Wall to Wall Carpet
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Schools

  • Lincoln-Hubbard Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Radiator
  • Underground Utilities
  • Standard Electricity
  • Water Tap or Transfer Fee
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-02201-0000-00015-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$51,659

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial, Custom Home
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1920
  • Year Built Description: Approximate
  • County Name: Union
  • Directions: Summit Avenue North right onto Ox Bow Lane or Fernwood Road North left onto Ox Bow Lane
  • I D: 4738430
  • Section Subdiv Development: Northside
  • First Name: SANDRA P
  • First Name3: SUZANNE
  • Last Name: LONG
  • Last Name3: LEAR
  • Office Phone: 908-376-2723
  • Office Phone3: 908-868-5245
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 1999

Interior Features

  • Flooring: Carpeting, Stone, Wood
  • Fireplace Description: Gas Fireplace, Family Room, Fireplace Equipment, Living Room, Wood Burning
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, Freezer-Freestanding, Trash Compactor, Generator-Built-In, OvnWElec, Refrigerator, CookGas, Washer, Dishwasher, Self Cleaning Oven, Disposal, Kitchen Exhaust Fan, Dryer, Microwave Oven
  • Interior Amenities: Bar-Wet, Drapes, StallShw, Walk-In Closet, Security System, StallTub, Fire Extinguisher, Window Treatments, Carbon Monoxide Detector, High Ceilings, Smoke Detector
  • Bedrooms: 6
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower, Soaking Tub
  • Bathrooms: 4.20
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished
  • Basement Level Rooms: Laundry Room, Utility Room, Storage Room, Exercise Room, Powder Room, Rec Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Pantry, Eat-In Kitchen
  • Kitchen Dim: 31x20
  • Kitchen Level: First
  • Living Room Dim: 15x25
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 17x18
  • Other Room1 Level: Second
  • Other Room 2: Bedroom/Office
  • Other Room2 Dim: 17x13
  • Other Room2 Level: Second
  • Other Room 3: Rec Room
  • Other Room3 Dim: 15x24
  • Other Room3 Level: Basement
  • Other Room 4: Exercise Room
  • Other Room4 Dim: 12x11
  • Other Room4 Level: Basement
  • Level 1 Rooms: Walkout, OutEntrn, Living Room, Pantry, Dining Room, Entrance Vestibule, Storage Room, Powder Room, Family Room, Kitchen
  • Level 2 Rooms: 4 Or More Bedrooms, Bath(s) Other
  • Phone: 908-277-1398

Exterior Features

  • Exterior Description: Brick, Stucco
  • Exterior Features: Underground Lawn Sprinkler, Patio, Storm Door(s), Curbs, Thermal Windows/Doors
  • Roof Description: Composition Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage, Oversize Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: Additional Parking, Lighting, Blacktop

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Electric, Gas-Natural
  • Heating: 3 Units, Forced Hot Air, Radiators - Steam, Baseboard - Hotwater
  • Sewer: Public Sewer, Sewer Charge Extra
  • Utilities: All Underground, Gas-Natural
  • Water: Water Charge Extra, Public Water
  • Water Heater: Gas

Schools

  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 288X122
  • Lot Description: Level Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.81

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 51659
  • Assessor Parcel Number: 2918-02201-0000-00015-0000-
  • Tax Rate Amount: 4.365
  • Tax Year: 2017

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2017
Closed on
Apr 10, 2018
Sold by
Ophel David J and Ophel Lisa M
Bought by
Kane Jason M and Kane Eagen H
Seller's Agent
SANDRA P LONG
LOIS SCHNEIDER REALTOR
Buyer's Agent
Suzanne Lear
PROMINENT PROPERTIES SIR
List Price
$2,699,500
Sold Price
$2,356,500
Premium/Discount to List
-$343,000
-12.71%
Current Estimated Value
$4,058,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,702,351
Avg. Annual Appreciation
7.39%
Original Mortgage
$1,885,000
Outstanding Balance
$1,557,402
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,501,449

Purchase Details

Closed on
Jan 13, 2006
Sold by
Ophel David J
Bought by
Ophel Lisa M

Purchase Details

Closed on
Sep 25, 1998
Sold by
Kelligrew Peter and Kelligrew Mary Beth
Bought by
Ophel David J and Ophel Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.75%

Purchase Details

Closed on
Apr 9, 1997
Sold by
Kelligrew Peter and Kelligrew Mary Beth
Bought by
Kelligrew Peter and Kelligrew Mary Beth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kane Jason M $2,356,250 Cortes & Hay Title Agcy Inc
Ophel Lisa M -- --
Ophel David J $1,165,000 --
Kelligrew Peter -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kane Jason M $1,885,000
Previous Owner Ophel David J $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2018 05/15/18 Sold $2,356,500 -12.7% $415 / Sq Ft
02/21/2018 02/21/18 Pending -- -- --
09/20/2017 09/20/17 For Sale $2,699,500 -- $476 / 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 $51,553 $1,183,500 $493,000 $690,500
2024 $51,210 $1,183,500 $493,000 $690,500
2023 $51,210 $1,183,500 $493,000 $690,500
2022 $50,689 $1,183,500 $493,000 $690,500
2021 $51,092 $1,183,500 $493,000 $690,500
2020 $51,601 $1,183,500 $493,000 $690,500
2019 $51,660 $1,183,500 $493,000 $690,500
2018 $51,328 $1,183,500 $493,000 $690,500
2017 $51,660 $1,183,500 $493,000 $690,500
2016 $50,902 $1,183,500 $493,000 $690,500
2015 $49,908 $1,183,500 $493,000 $690,500
2014 $48,618 $1,183,500 $493,000 $690,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3419308

Garden State MLS

APN: 18-02201-0000-00015