NOT LISTED FOR SALE

487 Summit Ave Fort Lee, NJ 07024

Estimated Value: $795,343 - $939,000

-- Bed
-- Bath
-- Sq Ft
42 Sq Ft Lot

Last Sold September 28, 2018

Last sale price $601,000

Est. 44% increase in value since last sale

Current estimated payment $5,615/month

15 Days on Market

About This Home

As of September 2018

This home is located at 487 Summit Ave, Fort Lee, NJ 07024 since 08 August 2018 and is currently estimated at $867,836. This property was built in 1920. 487 Summit Ave is a home located in Bergen County with nearby schools including Fort Lee High School and Christ the Teacher Academy.

Last Agent to Sell the Property

Yoon Whang

SAFEWAY REALTY GROUP Brokerage Phone: 973-894-3919 Listed on: 08/08/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,738

Year Built

  • Built in 1920

Lot Details

  • 42 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,738

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Year Built: 1920
  • County Name: Bergen
  • Street Number Display: 487
  • I D: 4828599
  • Modified: 2019-09-29
  • Number Images: 0
  • Attribution Contact: 973-894-3919
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 42 X 100
  • Total Acres: 0.10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2018
Closed on
Sep 20, 2018
Sold by
Us Bank Na
Bought by
Park Heon and Park Yeong
Seller's Agent
Yoon Whang
SAFEWAY REALTY GROUP
List Price
$539,900
Sold Price
$601,000
Premium/Discount to List
$61,100
11.32%
Current Estimated Value
$867,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,836
Avg. Annual Appreciation
5.47%
Original Mortgage
$400,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2018
Sold by
Saudino Michael
Bought by
Us Bank Na Tr

Purchase Details

Closed on
Dec 19, 2006
Sold by
Consoli Remedios
Bought by
Matias Arnel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,500
Interest Rate
6.29%

Purchase Details

Closed on
Dec 9, 2005
Sold by
Chao Alan
Bought by
Consoli Remedios

Purchase Details

Closed on
Jun 24, 1994
Sold by
Estate Joseph Holdampf
Bought by
Chao Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
8.55%
Source: Public Records

Range of Values:

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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
Park Heon $601,000 --
Us Bank Na Tr -- --
Matias Arnel $745,000 --
Consoli Remedios $480,000 --
Chao Alan $192,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Heon $395,000
Closed Park Yeong $400,000
Closed Park Heon $400,000
Previous Owner Matias Arnel $696,000
Previous Owner Matias Arnel $72,000
Previous Owner Matias Arnel $670,500
Previous Owner Chao Alan $144,000
Closed Consoli Remedios $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2018 09/28/18 Sold $601,000 +11.3% --
08/23/2018 08/23/18 Pending -- -- --
08/08/2018 08/08/18 For Sale $539,900 -- --
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 $10,738 $411,900 $294,000 $117,900
2024 $10,190 $411,900 $294,000 $117,900
2023 $10,227 $411,900 $294,000 $117,900
2022 $10,227 $411,900 $294,000 $117,900
2021 $10,017 $411,900 $294,000 $117,900
2020 $9,923 $411,900 $294,000 $117,900
2019 $9,572 $406,800 $294,000 $112,800
2018 $9,348 $406,800 $294,000 $112,800
2017 $9,243 $406,800 $294,000 $112,800
2016 $9,169 $406,800 $294,000 $112,800
2015 $8,958 $406,800 $294,000 $112,800
2014 $8,791 $406,800 $294,000 $112,800
Source: Public Records

Agents Affiliated with this Home

  • Yoon Whang

    Seller's Agent in 2018

    Yoon Whang

    SAFEWAY REALTY GROUP

    (973) 894-3919

    1 in this area

    48 Total Sales

    Yoon Whang
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3493406

Garden State MLS

APN: 19-04453-0000-00017

New Jersey Bergen County Fort Lee 07024

487 Summit Ave, Fort Lee, NJ

This home is located at 487 Summit Ave, Fort Lee, NJ 07024 since 08 August 2018 and is currently estimated at $867,836. This property was built in 1920. 487 Summit Ave is a home located in Bergen County with nearby schools including Fort Lee High School and Christ the Teacher Academy.

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