Seller's Agent in 2023
Janet Lee
Prominent Properties Sotheby's International Realty-Ridgewood
(201) 261-8736
1 in this area
15 Total Sales
49 Summit Ave Garfield, NJ 07026
Estimated Value: $583,000 - $707,000
4
Beds
3
Baths
1,760
Sq Ft
$355/Sq Ft
Est. Value
About This Home
As of October 2023This great two-family home is well maintained with separate entrances, separate gas, electric utilities and one water meter. Good for owner occupancy or for an investment property. First floor includes living room, one large bedroom and one small bedroom, open eat-in kitchen and full bath. Second floor includes large living room, one median size bedroom and one small bedroom with one full bath and sun porch. Full finished basement with one full bath and sink, laundry room, utilities room and access to the backyard. Large full finished attic for extra space. This two-family has four bedrooms, three full bathrooms and a large backyard. House located in a very convenient location, close to schools, Route 46, buses 160 and 161 to NYC and a train station nearby 30 minutes to Hoboken. Both tenants live in the house over 5 years, rent increased 5% every year, tenants pay gas and electric, landlord pays water. Both tenants live in the unit over 5 years. Sold as is.
Last Agent to Sell the Property
Prominent Properties Sotheby's International Realty-Ridgewood Listed on: 09/06/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,576
Lot Details
- 3,123
Home Design
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Additional Features
- Laundry in Basement
- 3,123 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 00011 / 00084
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 6, 2023
Closed on
Oct 18, 2023
Sold by
Kot Ruiyi Li and Kot Manyim
Bought by
Bustamante Porfirio and Bustamante Epifania
Seller's Agent
Janet Lee
Prominent Properties Sotheby's International Realty-Ridgewood
Buyer's Agent
Patricia Elmahdy
Nicholas Real Estate Agency
List Price
$580,000
Sold Price
$525,000
Premium/Discount to List
-$55,000
-9.48%
Views
48
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,059
Avg. Annual Appreciation
7.67%
Purchase Details
Closed on
Jun 29, 1988
Bought by
Kot Ruiyi Li and Kot Manyim
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bustamante Porfirio | $525,000 | None Listed On Document | |
| Bustamante Porfirio | $525,000 | None Listed On Document | |
| Kot Ruiyi Li | $180,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2023 10/31/23 | Sold | $525,000 | -9.5% | $298 / Sq Ft |
| 10/13/2023 10/13/23 | Pending | -- | -- | -- |
| 09/06/2023 09/06/23 | For Sale | $580,000 | -- | $330 / Sq Ft |
Source: New Jersey MLS
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 | $8,106 | $242,900 | $92,000 | $150,900 |
| 2024 | $7,970 | $242,900 | $92,000 | $150,900 |
| 2023 | $7,576 | $242,900 | $92,000 | $150,900 |
| 2022 | $7,576 | $242,900 | $92,000 | $150,900 |
| 2021 | $7,355 | $242,900 | $92,000 | $150,900 |
| 2020 | $7,195 | $242,900 | $92,000 | $150,900 |
| 2019 | $7,059 | $242,900 | $92,000 | $150,900 |
| 2018 | $6,901 | $242,900 | $92,000 | $150,900 |
| 2017 | $6,779 | $242,900 | $92,000 | $150,900 |
| 2016 | $6,578 | $242,900 | $92,000 | $150,900 |
| 2015 | $6,415 | $242,900 | $92,000 | $150,900 |
| 2014 | $6,245 | $242,900 | $92,000 | $150,900 |
Source: Public Records
Agents Affiliated with this Home
-
Janet Lee
-
Patricia Elmahdy
Buyer's Agent in 2023
Patricia Elmahdy
Nicholas Real Estate Agency
(201) 927-4203
1 in this area
21 Total Sales
Map
Source: New Jersey MLS
MLS Number: 23027443
APN: 21-00084-0000-00011
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.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2026 New Jersey Multiple Listing Service Inc. All rights reserved.
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