$725,000
SOLD MAR 29, 2019

49 Park Ave Summit, NJ 07901

-- Bed
-- Bath
2,575 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$282 Per Sq Ft

9% Below List Price

72 Days on Market

About This Home

As of March 2019

This home is located at 49 Park Ave, Summit, NJ 07901 and is currently priced at $725,000, approximately $281 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

Est. Annual Taxes

  • $17,359

Year Built

  • Built in 1925

Lot Details

  • 5,227 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,359

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Year Built: 1925
  • County Name: Union
  • Street Number Display: 49
  • I D: 4849288
  • Modified: 2021-09-23
  • Number Images: 1
  • 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
$1,119,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$394,129
Avg. Annual Appreciation
6.91%
Original Mortgage
$543,750
Interest Rate
4.3%
Mortgage Type
New Conventional

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:

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 Type Sale Price Title Company
Deed $725,000 Simplicity Title Llc
Deed $657,000 Fidelity Natl Title Ins Co
Bargain Sale Deed $300,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $543,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

    4 in this area

    32 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

This home is located at 49 Park Ave, Summit, NJ 07901 and is currently priced at $725,000, approximately $281 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.

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.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes