NOT LISTED FOR SALE

49 Park Ave Summit, NJ 07901

Estimated Value: $1,006,000 - $1,436,000

-- Bed
-- Bath
2,575 Sq Ft
$444/Sq Ft Est. Value

Last Sold March 29, 2019

Last sale price $725,000 $282 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $7,455/month

72 Days on Market

About This Home

As of March 2019

This home is located at 49 Park Ave, Summit, NJ 07901 since 07 November 2018 and is currently estimated at $1,143,278, approximately $443 per square foot. This property was built in 1925. 49 Park 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.

Last Agent to Sell the Property

Christina McGeough

COLDWELL BANKER REALTY Brokerage Email: info@turpinrealtors.com Listed on: 11/07/2018

COLDWELL BANKER REALTY

Last Buyer's Agent

SCOTT J. MENNIG

KELLER WILLIAMS REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 5,227 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Year Built: 1925
  • County Name: Union
  • I D: 4849288
  • Attribution Contact: info@turpinrealtors.com
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Total Acres: 0.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2018
Closed on
Mar 19, 2019
Sold by
Park Avenue Partners Llc
Bought by
Molnar James
Seller's Agent
Christina McGeough
COLDWELL BANKER REALTY
Buyer's Agent
SCOTT J. MENNIG
KELLER WILLIAMS REALTY
List Price
$799,000
Sold Price
$725,000
Premium/Discount to List
-$74,000
-9.26%
Current Estimated Value
$1,143,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,278
Avg. Annual Appreciation
6.99%
Original Mortgage
$543,750
Outstanding Balance
$415,042
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$728,236

Purchase Details

Closed on
Dec 11, 2008
Sold by
Sigma Four Associates
Bought by
Park Avenue Partners Llc

Purchase Details

Closed on
Jun 6, 2002
Sold by
Smith Tina
Bought by
Sigma Four Associates
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Molnar James $725,000 Simplicity Title Llc
Park Avenue Partners Llc $657,000 Fidelity Natl Title Ins Co
Sigma Four Associates $300,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Molnar James $543,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2019 03/29/19 Sold $725,000 -9.3% $282 / Sq Ft
01/18/2019 01/18/19 Pending -- -- --
11/07/2018 11/07/18 For Sale $799,000 -- $310 / 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 $17,359 $398,500 $63,900 $334,600
2024 $17,243 $398,500 $63,900 $334,600
2023 $17,243 $398,500 $63,900 $334,600
2022 $17,068 $398,500 $63,900 $334,600
2021 $17,203 $398,500 $63,900 $334,600
2020 $8,410 $192,900 $63,900 $129,000
2019 $8,420 $192,900 $63,900 $129,000
2018 $8,366 $192,900 $63,900 $129,000
2017 $8,420 $192,900 $63,900 $129,000
2016 $8,297 $192,900 $63,900 $129,000
2015 $8,135 $192,900 $63,900 $129,000
2014 $7,924 $192,900 $63,900 $129,000
Source: Public Records

Agents Affiliated with this Home

  • Christina McGeough

    Seller's Agent in 2019

    Christina McGeough

    COLDWELL BANKER REALTY

    (201) 400-9844

    5 in this area

    33 Total Sales

    Christina McGeough
    Section Image

  • S

    Buyer's Agent in 2019

    SCOTT J. MENNIG

    KELLER WILLIAMS REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3514233

Garden State MLS

APN: 18-04003-0000-00019

New Jersey Union County Summit 07901

49 Park Ave, Summit, NJ

Not Listed for Sale

MultiFamily

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