NOT LISTED FOR SALE

48 Colt Rd Summit, NJ 07901

Estimated Value: $2,249,635 - $2,533,000

4 Beds
3.5 Baths
3,549 Sq Ft
$666/Sq Ft Est. Value

Sale Details

Date Sold: July 15, 2020

Last sale price $1,350,000 $380 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $14,772 / mo

29 Days on Market

Highlights

  • Sauna
  • Colonial Architecture
  • Dining Room with Fireplace
  • L C Johnson Summit Middle School Rated A+
  • Conservatory Room
  • Marble Flooring

About This Home

As of July 2020

A fantastic opportunity to live in the heart of the highly sought after Woodland Park neighborhood. Rustic ceiling beams soar across the fireside living room while a second fireplace warms the formal dining room, adding character and cachet for elegant formal entertaining. Light cherry cabinetry reflects the warmth of the home, with granite counter tops and high-end stainless steel appliances enhanced with a wet bar, a seated breakfast peninsula and easy access from the driveway and two-car detached garage. The spacious second-floor master suite enjoys exposures on three sides anchored on hardwood floors.

Last Agent to Sell the Property

KARA THOMS

LOIS SCHNEIDER REALTOR Listed on: 05/04/2020

Last Buyer's Agent

ALLISON B LEES

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,765

Year Built

  • Built in 1925

Lot Details

  • 14,810 Sq Ft Lot
  • Privacy Fence
  • Wood Fence
  • Level Lot
  • Open Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Slate Roof
  • Stone Siding

Interior Spaces

  • Beamed Ceilings
  • Wood Burning Fireplace
  • Thermal Windows
  • Shades
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Conservatory Room
  • Sun or Florida Room
  • Storage Room
  • Utility Room
  • Sauna
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Stone
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Powder Room
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Schools

  • Franklin Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Multiple cooling system units
  • Central Air
  • Radiator
  • Standard Electricity
  • Power Generator
  • Water Tap or Transfer Fee
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-05203-0000-00037-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,765

Year Built

Built in 1925

Lot Details

0.34 Acres

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1925
  • Year Built Description: Approximate
  • County Name: Union
  • Directions: Blackburn Road to Colt Road
  • I D: 4978973
  • Section Subdiv Development: Woodland Park
  • First Name: KARA
  • First Name3: ALLISON B
  • Last Name: THOMS
  • Last Name3: LEES
  • Office Phone: 908-376-2709
  • Office Phone3: 908-273-8808
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Marble, Stone, Tile, Wood
  • Fireplace Description: Dining Room, Living Room, Wood Burning
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Generator-Built-In, Refrigerator, Washer
  • Interior Amenities: Beam Ceilings, Carbon Monoxide Detector, Fire Extinguisher, Sauna, Shades, Smoke Detector, StallShw, TubShowr
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Partial, Unfinished
  • Basement Level Rooms: Laundry Room, Sauna, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen, Pantry
  • Kitchen Dim: 19x12
  • Kitchen Level: First
  • Living Room Dim: 16x23
  • Living Room Level: First
  • Other Room 1: Conservatory
  • Other Room1 Dim: 5x21
  • Other Room1 Level: First
  • Other Room 2: Sunroom
  • Other Room2 Dim: 12x17
  • Other Room2 Level: First
  • Other Room 3: SittngRm
  • Other Room3 Dim: 12x8
  • Other Room3 Level: Second
  • Level 1 Rooms: Conservatory, Dining Room, Family Room, Foyer, Kitchen, Living Room, OutEntrn, Powder Room, Sunroom
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, SittngRm
  • Phone: 908-277-1398

Exterior Features

  • Exterior Description: Stone
  • Exterior Features: Curbs, Patio, Privacy Fence, Thermal Windows/Doors, Wood Fence
  • Roof Description: Slate

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Radiators - Steam
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water, Water Charge Extra
  • Water Heater: Gas

Schools

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

Lot Info

  • Lot Size: 0.344
  • Easement: Unknown
  • Lot Description: Level Lot, Open Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.34

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 29765
  • Assessor Parcel Number: 2918-05203-0000-00037-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.365
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: Franklin

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2020
Closed on
Jul 14, 2020
Sold by
Bought by
Seller's Agent
KARA THOMS
LOIS SCHNEIDER REALTOR
Buyer's Agent
ALLISON B LEES
PROMINENT PROPERTIES SIR
List Price
$1,445,000
Sold Price
$1,350,000
Premium/Discount to List
-$95,000
-6.57%
Current Estimated Value
$2,364,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,014,659
Avg. Annual Appreciation
9.83%
Original Mortgage
$1,080,000
Outstanding Balance
$959,449
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,405,210

Purchase Details

Closed on
Jun 23, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,286,250
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.73%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 30, 1994
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.7%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,350,000 Old Republic Natl Ttl Ins Co
$1,837,500 First American Title Ins Co
$1,685,000 Chicago Title Insurance Co
$650,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,080,000
Previous Owner $1,286,250
Previous Owner $150,000
Previous Owner $850,000
Previous Owner $520,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/15/2020 07/15/20 Sold $1,350,000 -6.6% $380 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
05/04/2020 05/04/20 For Sale $1,445,000 -- $407 / Sq Ft
Source: Garden State MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $24,890 $571,400 $303,200 $268,200
2024 $24,724 $571,400 $303,200 $268,200
2023 $24,724 $571,400 $303,200 $268,200
2022 $24,473 $571,400 $303,200 $268,200
2021 $24,667 $571,400 $303,200 $268,200
2020 $29,731 $681,900 $303,200 $378,700
2019 $29,765 $681,900 $303,200 $378,700
2018 $33,907 $781,800 $303,200 $478,600
2017 $34,126 $781,800 $303,200 $478,600
2016 $33,625 $781,800 $303,200 $478,600
2015 $32,969 $781,800 $303,200 $478,600
2014 $32,116 $781,800 $303,200 $478,600
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    KARA THOMS

    LOIS SCHNEIDER REALTOR

  • A

    Buyer's Agent in 2020

    ALLISON B LEES

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3630667

Garden State MLS

APN: 18-05203-0000-00037

New Jersey Union County Summit 07901

48 Colt Rd, Summit, NJ

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