NOT LISTED FOR SALE

48 Drum Hill Dr Summit, NJ 07901

Estimated Value: $2,068,347 - $2,335,000

-- Bed
-- Bath
4,236 Sq Ft
$512/Sq Ft Est. Value

About This Home

This home is located at 48 Drum Hill Dr, Summit, NJ 07901 and is currently estimated at $2,170,337, approximately $512 per square foot. 48 Drum Hill Dr 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2011
Sold by
Lobosco Michael and Lobosco Josephine
Bought by
Gopal Arun and Gopal Shalini
Current Estimated Value
$2,170,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 1995
Sold by
Keating Daniel L and Keating Janet M
Bought by
Lobosco Michael and Lobosco Josephine
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gopal Arun $1,100,000 Stewart Title Guaranty Co
Lobosco Michael $573,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gopal Arun $599,000
Closed Gopal Arun $75,000
Closed Gopal Arun $661,000
Closed Gopal Arun $50,000
Closed Gopal Arun $700,000
Closed Gopal Arun $700,000
Previous Owner Lobosco Michael $500,000
Previous Owner Lobosco Michael $500,000
Source: Public Records

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 $22,418 $518,100 $279,200 $238,900
2023 $22,418 $518,100 $279,200 $238,900
2022 $22,190 $518,100 $279,200 $238,900
2021 $22,366 $518,100 $279,200 $238,900
2020 $22,589 $518,100 $279,200 $238,900
2019 $22,615 $518,100 $279,200 $238,900
2018 $22,470 $518,100 $279,200 $238,900
2017 $22,615 $518,100 $279,200 $238,900
2016 $22,283 $518,100 $279,200 $238,900
2015 $21,848 $496,500 $279,200 $217,300
2014 $20,396 $496,500 $279,200 $217,300
Source: Public Records

Map

New Jersey Union County Summit 07901

48 Drum Hill Dr, Summit, NJ

This home is located at 48 Drum Hill Dr, Summit, NJ 07901 and is currently estimated at $2,170,337, approximately $512 per square foot. 48 Drum Hill Dr 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes