NOT LISTED FOR SALE

49 Springfield Ave Summit, NJ 07901

Estimated Value: $714,000 - $937,000

5 Beds
2 Baths
1,163 Sq Ft
$706/Sq Ft Est. Value

Last Sold September 20, 2022

Last sale price $675,000 $580 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,092/month

15 Days on Market

About This Home

As of September 2022

This home is located at 49 Springfield Ave, Summit, NJ 07901 since 14 July 2022 and is currently estimated at $821,361, approximately $706 per square foot. This property was built in 1953. 49 Springfield 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

LUCY E. THOMPSON

KELLER WILLIAMS REALTY Brokerage Phone: 908-273-2991 Listed on: 07/14/2022

Last Buyer's Agent

LUCY E. THOMPSON

KELLER WILLIAMS REALTY Brokerage Phone: 908-273-2991 Listed on: 07/14/2022

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1953

Lot Details

  • 9,583

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Year Built: 1953
  • County Name: Union
  • I D: 5166233
  • Attribution Contact: 908-273-2991
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 2.00

Lot Info

  • Lot Size: .220

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2022
Closed on
Sep 16, 2022
Sold by
Rodriguez Luz C
Bought by
Policastro Nicholas and Policastro Angelica
Seller's Agent
LUCY E. THOMPSON
KELLER WILLIAMS REALTY
Buyer's Agent
LUCY E. THOMPSON
KELLER WILLIAMS REALTY
List Price
$650,000
Sold Price
$675,000
Premium/Discount to List
$25,000
3.85%
Current Estimated Value
$821,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,361
Avg. Annual Appreciation
6.17%
Original Mortgage
$530,000
Outstanding Balance
$507,546
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$313,815

Purchase Details

Closed on
Jan 27, 2005
Sold by
Borja Norma L
Bought by
Rodriguez Edwin and Rodriguez Luz C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 23, 2003
Sold by
Lehr Frank
Bought by
Borja Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,600
Interest Rate
5.86%
Source: Public Records

Range of Values:

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

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ICE

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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
Policastro Nicholas $675,000 Green Hill Title
Rodriguez Edwin $405,000 --
Borja Norma $367,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Policastro Nicholas $530,000
Previous Owner Rodriguez Edwin $324,000
Previous Owner Borja Norma $293,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2022 09/20/22 Sold $675,000 +3.8% $580 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
07/16/2022 07/16/22 For Sale $650,000 -- $559 / 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 $9,618 $220,800 $67,100 $153,700
2024 $9,554 $220,800 $67,100 $153,700
2023 $9,554 $220,800 $67,100 $153,700
2022 $7,101 $165,800 $67,100 $98,700
2021 $7,158 $165,800 $67,100 $98,700
2020 $7,229 $165,800 $67,100 $98,700
2019 $7,237 $165,800 $67,100 $98,700
2018 $7,191 $165,800 $67,100 $98,700
2017 $7,237 $165,800 $67,100 $98,700
2016 $7,131 $165,800 $67,100 $98,700
2015 $6,992 $165,800 $67,100 $98,700
2014 $6,811 $165,800 $67,100 $98,700
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    LUCY E. THOMPSON

    KELLER WILLIAMS REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3796128

Garden State MLS

APN: 18-03802-0000-00031

New Jersey Union County Summit 07901

49 Springfield Ave, Summit, NJ

Not Listed for Sale

Detached

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