NOT LISTED FOR SALE

5 Beacon Rd Summit, NJ 07901

Estimated Value: $2,892,548 - $3,588,000

-- Bed
-- Bath
4,501 Sq Ft
$703/Sq Ft Est. Value

About This Home

This home is located at 5 Beacon Rd, Summit, NJ 07901 and is currently estimated at $3,164,516, approximately $703 per square foot. 5 Beacon Rd 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2024
Sold by
Devine Michael P
Bought by
Garrison Taylor C and Garrison Whitney Horner
Current Estimated Value
$3,164,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Outstanding Balance
$2,381,981
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2022
Sold by
Devine Jeanette A
Bought by
Devine Michael P

Purchase Details

Closed on
Aug 1, 2006
Sold by
Devine Michael
Bought by
Devine Jeanette A

Purchase Details

Closed on
Sep 16, 2002
Sold by
Macgillivray William
Bought by
Devine Michael and Devine Jeanette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.27%

Purchase Details

Closed on
Oct 26, 2001
Sold by
Menza Beissel & Cohen Inc
Bought by
Macgillivray William Alexander and Macgillivray Julie Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
5%

Purchase Details

Closed on
Feb 23, 2000
Sold by
Marano Jean F and Marano Herbert W
Bought by
Menza Beissel & Cohen Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$716,000
Interest Rate
8.21%
Mortgage Type
Construction

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.

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ICE

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First American

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Quantarium

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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
Garrison Taylor C $2,700,000 Fidelity National Title
Devine Michael P -- Levine Desantis Llc
Devine Jeanette A -- --
Devine Michael $2,050,000 --
Macgillivray William Alexander $1,795,000 --
Menza Beissel & Cohen Inc $449,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garrison Taylor C $2,400,000
Previous Owner Devine Michael $300,700
Previous Owner Macgillivray William Alexander $1,250,000
Previous Owner Menza Beissel & Cohen Inc $716,000
Previous Owner Marano Jean F $55,000
Source: Public Records

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
2024 $46,515 $1,075,000 $202,600 $872,400
2023 $46,515 $1,075,000 $202,600 $872,400
2022 $46,042 $1,075,000 $202,600 $872,400
2021 $46,408 $1,075,000 $202,600 $872,400
2020 $46,870 $1,075,000 $202,600 $872,400
2019 $49,106 $1,125,000 $202,600 $922,400
2018 $48,791 $1,125,000 $202,600 $922,400
2017 $49,106 $1,125,000 $202,600 $922,400
2016 $48,386 $1,125,000 $202,600 $922,400
2015 $47,441 $1,125,000 $202,600 $922,400
2014 $46,215 $1,125,000 $202,600 $922,400
Source: Public Records

Map

New Jersey Union County Summit 07901

5 Beacon Rd, Summit, NJ

Homes for Sale in Summit, NJ

This home is located at 5 Beacon Rd, Summit, NJ 07901 and is currently estimated at $3,164,516, approximately $703 per square foot. 5 Beacon Rd 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.

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