NOT LISTED FOR SALE

49 Madison Ave Summit, NJ 07901

Estimated Value: $877,000 - $1,415,000

4 Beds
2.5 Baths
1,312 Sq Ft
$855/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $770,000 $587 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,972/month

15 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • 1 Car Attached Garage
  • L C Johnson Summit Middle School Rated A+
  • Formal Dining Room
  • Patio

About This Home

As of October 2016

Move right in to this absolutely charming 4 bedroom, 2.5 bath center hall colonial with open floor plan, totally updated throughout! Newly refinished hardwood floors, Living Room with striking fireplace and archway to Family Room with sliders to lush, flat backyard with patio, newly updated kitchen with custom cabinetry, center island with breakfast bar and all new stainless steel appliances, granite counter tops and tiled floor, Master Bedroom with newly renovated en-suite bath, updated Full Hall Bath, several new windows, newly painted interior, new exterior wood fencing - this one has it all! Situated in sought after Summit with easy access top notch schools & direct train to NYC, this one will absolutely not last!

Last Agent to Sell the Property

SUSAN ADLER

KELLER WILLIAMS REALTY Listed on: 09/01/2016

Last Buyer's Agent

KELLY JU

REALMART REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,588

Year Built

  • Built in 1952

Lot Details

  • 7,405 Sq Ft Lot
  • Wood Fence

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Tile

Interior Spaces

  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Storage Room
  • Laundry Room
  • Utility Room
  • Wood Flooring
  • Unfinished Basement
  • French Drain

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Powder Room

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Schools

  • Washington Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Forced Air Heating and Cooling System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-00801-0000-00015-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,588

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1952
  • Year Built Description: Approximate
  • County Name: Union
  • Street Number Display: 49
  • Directions: Morris Avenue to Lafayette Avenue to Madison Avenue
  • I D: 4654209
  • Modified: 2021-09-23
  • Number Images: 15
  • First Name: SUSAN
  • First Name3: KELLY
  • Last Name: ADLER
  • Last Name3: JU
  • Office Phone3: 283309
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Dishwasher, Microwave Oven
  • Interior Amenities: TubShowr, Carbon Monoxide Detector, Smoke Detector
  • Number Rooms: 9
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: French Drain, Unfinished
  • Basement Level Rooms: Storage Room, Laundry Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island
  • Kitchen Dim: 15x20
  • Kitchen Level: First
  • Living Room Dim: 12x18
  • Living Room Level: First
  • Level 1 Rooms: Family Room, Kitchen, Powder Room, Dining Room, Living Room
  • Level 2 Rooms: Bath(s) Other, 4 Or More Bedrooms, Bath Main
  • Phone: 908-273-2991

Exterior Features

  • Exterior Features: Wood Fence, Patio
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 1
  • Parking Driveway Description: 1 Car Width

Utilities

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

Schools

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

Lot Info

  • Lot Size: 58X125
  • Assessed Improvement Value: 132400
  • Assessed Land Value: 142400
  • Assessment: 274800
  • Easement: Unknown
  • Lot Identifier: 15
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.17

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 11588
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-00801-0000-00015-0000-
  • Tax Rate Amount: 4.217
  • Tax Rate Tax: *
  • Tax Rate Year: 2015
  • Tax Year Tax: *
  • Tax Year: 2015

MLS Schools

  • Grade School: Washington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2016
Closed on
Oct 31, 2016
Sold by
Katahdin Realty Mngt Llc
Bought by
Da Yong and Zuo Wei
Seller's Agent
SUSAN ADLER
KELLER WILLIAMS REALTY
Buyer's Agent
KELLY JU
REALMART REALTY
List Price
$779,000
Sold Price
$770,000
Premium/Discount to List
-$9,000
-1.16%
Current Estimated Value
$1,121,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,395
Avg. Annual Appreciation
4.32%
Original Mortgage
$616,000
Outstanding Balance
$291,817
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$829,578

Purchase Details

Closed on
Dec 4, 2015
Sold by
Union County Sheriff
Bought by
Katahdin Realty Management Llc

Purchase Details

Closed on
Oct 30, 2001
Sold by
Cit Small Business
Bought by
Lim Mark and Lim Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,300
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2001
Sold by
Formichella Michael J and Formichella Michael J
Bought by
Cit Small Business Lending Corp
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
Da Yong $770,000 --
Katahdin Realty Management Llc $430,000 --
Lim Mark $354,000 --
Cit Small Business Lending Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Da Yong $115,000
Open Da Yong $616,000
Previous Owner Gonzalez Raquel $35,000
Previous Owner Lim Mark $150,000
Previous Owner Lim Mark $660,000
Previous Owner Lim Mark $100,000
Previous Owner Lim Mark $250,000
Previous Owner Lim Mark $94,000
Previous Owner Lim Mark $336,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2016 10/31/16 Sold $770,000 -1.2% $587 / Sq Ft
09/16/2016 09/16/16 Pending -- -- --
09/01/2016 09/01/16 For Sale $779,000 -- $594 / 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 $11,970 $274,800 $142,400 $132,400
2024 $11,891 $274,800 $142,400 $132,400
2023 $11,891 $274,800 $142,400 $132,400
2022 $11,770 $274,800 $142,400 $132,400
2021 $11,863 $274,800 $142,400 $132,400
2020 $11,981 $274,800 $142,400 $132,400
2019 $11,995 $274,800 $142,400 $132,400
2018 $11,918 $274,800 $142,400 $132,400
2017 $11,995 $274,800 $142,400 $132,400
2016 $11,819 $274,800 $142,400 $132,400
2015 $11,588 $274,800 $142,400 $132,400
2014 $11,289 $274,800 $142,400 $132,400
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    SUSAN ADLER

    KELLER WILLIAMS REALTY

  • K

    Buyer's Agent in 2016

    KELLY JU

    REALMART REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3332752

Garden State MLS

APN: 18-00801-0000-00015

New Jersey Union County Summit 07901

49 Madison Ave, Summit, NJ

This home is located at 49 Madison Ave, Summit, NJ 07901 since 01 September 2016 and is currently estimated at $1,121,395, approximately $854 per square foot. This property was built in 1952. 49 Madison Ave is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Kent Place School.

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