NOT LISTED FOR SALE

5 Madison Ave Summit, NJ 07901

Estimated Value: $1,470,000 - $2,253,000

6 Beds
3 Baths
-- Sq Ft
0.28 Acres

Last Sold December 15, 2017

Last sale price $890,000

Est. 108% increase in value since last sale

Current estimated payment $11,698/month

51 Days on Market

Highlights

  • Fireplace in Kitchen
  • Wood Flooring
  • Attic
  • L C Johnson Summit Middle School Rated A+
  • Victorian Architecture
  • Sun or Florida Room

About This Home

As of December 2017

Reintroducing " Barbery Corner", located w/in walking distance to town, NYCtrain, schools. 6 bd., 3 bath Victorian rich in Summit history,combining unique architectural details & modern amenities! The grand entrance hall includes a broad staircase and charming light filled turret that extends to the 3rd level. The living room and banquet sized dining room boast french door windows & high ceilings throughout . 2nd and 3rd floor bdrms. have wonderful closet space and the walk in attic has amazing potential to be finished. Private fenced in backyard is perfect for active play and gardening, while the covered front porch, side and backyard patios offer a variety of options for al fresco dining and relaxation! Staged, refreshed and move-in ready!

Last Agent to Sell the Property

KAREN LYMAN

PROMINENT PROPERTIES SIR Listed on: 09/13/2017

Last Buyer's Agent

LAWRENCE SMITH

ELITE REALTORS OF NEW JERSEY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,436

Year Built

  • Built in 1870

Lot Details

  • 0.28 Acre Lot
  • Privacy Fence
  • Wood Fence
  • Level Lot
  • Historic Home

Parking

  • Additional Parking

Home Design

  • Victorian Architecture
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • High Ceiling
  • Shades
  • Entrance Foyer
  • Family Room with Fireplace
  • 6 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Sun or Florida Room
  • Storage Room
  • Utility Room
  • Attic Fan

Kitchen

  • Country Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Fireplace in Kitchen

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary bedroom located on second floor
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Sump Pump

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Storage Shed
  • Porch

Schools

  • Washington Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-01301-0000-00015-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,436

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Style: Victorian
  • Primary Style: Victorian
  • Subproperty Type: Single Family
  • Year Built: 1870
  • Year Built Description: Unknown, Historical
  • County Name: Union
  • Street Number Display: 5
  • Directions: Morris or Passaic Ave. to Kent Place Blvd.to corner of Madison.
  • I D: 4746150
  • Modified: 2021-09-23
  • Number Images: 21
  • First Name: KAREN
  • First Name3: LAWRENCE
  • Last Name: LYMAN
  • Last Name3: SMITH
  • Office Phone: 908-273-8088
  • Office Phone3: 973-994-9009
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Wood
  • Fireplace Description: Bedroom 1, Bedroom 2, Kitchen, Family Room, Living Room
  • Number of Fireplaces: 6
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, CookGas, Washer, Dishwasher, Self Cleaning Oven, Disposal, Kitchen Exhaust Fan, Dryer, Microwave Oven, Sump Pump
  • Interior Amenities: TubShowr, StallShw, Fire Extinguisher, Shades, Carbon Monoxide Detector, High Ceilings, Smoke Detector
  • Number Rooms: 15
  • Bedrooms: 6
  • Master Bedroom Desc: Fireplace
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Tub Shower
  • Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Walkout, Unfinished
  • Basement Level Rooms: Utility Room, Walkout, Storage Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Kitchen Area: Country Kitchen, Separate Dining Area
  • Kitchen Dim: 23x14
  • Kitchen Level: First
  • Living Room Dim: 16x20
  • Living Room Level: First
  • Other Room 1: Breakfast
  • Other Room1 Dim: 12x11
  • Other Room1 Level: First
  • Other Room 2: Bathroom
  • Other Room2 Level: First
  • Other Room 3: Laundry Room
  • Other Room3 Level: First
  • Other Room 4: Porch
  • Other Room4 Level: Second
  • Level 1 Rooms: Laundry Room, Foyer, Den, Living Room, Dining Room, Porch, Sunroom, Bath(s) Other, Kitchen
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: 2 Bedrooms, Attic
  • Phone: 908-273-2991

Exterior Features

  • Exterior Description: Aluminum Siding, Wood
  • Exterior Features: Storage Shed, Patio, Wood Fence, Open Porch(es), Privacy Fence, Sidewalk
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Parking Driveway Description: 1 Car Width, Additional Parking, Blacktop

Utilities

  • Cooling: Attic Fan, Window A/C(s)
  • Fuel Type: Gas-Natural
  • Heating: Radiators - Hot Water
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: Washington
  • Middle School: Summit MS
  • High School: Summit HS
  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 65X185
  • Assessed Improvement Value: 339500
  • Assessed Land Value: 158900
  • Assessment: 498400
  • Lot Description: Level Lot
  • Lot Identifier: 15
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.28
  • Zoning: Residential

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 21436
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-01301-0000-00015-0000-
  • Tax Rate Amount: 4.301
  • Tax Rate Tax: *
  • Tax Rate Year: 2016
  • Tax Year Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: Washington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2017
Closed on
Dec 14, 2017
Sold by
Jane Green Jon and Jane Sofar
Bought by
Knipe Johan D and Knipe Anastasia N
Seller's Agent
KAREN LYMAN
PROMINENT PROPERTIES SIR
Buyer's Agent
LAWRENCE SMITH
ELITE REALTORS OF NEW JERSEY
List Price
$999,000
Sold Price
$890,000
Premium/Discount to List
-$109,000
-10.91%
Current Estimated Value
$1,854,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$964,766
Avg. Annual Appreciation
8.61%
Original Mortgage
$712,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 29, 1994
Sold by
Boyd Raymond J
Bought by
Green Jon and Sofair Jane
Source: Public Records

Range of Values:

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Average Value
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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
Knipe Johan D $890,000 Westcor Land Title Ins Co
Green Jon $523,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knipe Anastasia N $150,000
Open Knipe Johan D $869,000
Closed Knipe Johan D $865,000
Closed Knipe Johan D $200,000
Closed Knipe Johan D $712,000
Previous Owner Green Jon $300,000
Previous Owner Green Jon $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2017 12/15/17 Sold $890,000 -10.9% --
11/03/2017 11/03/17 Pending -- -- --
09/13/2017 09/13/17 For Sale $999,000 -- --
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
2024 $22,262 $514,500 $158,900 $355,600
2023 $22,262 $514,500 $158,900 $355,600
2022 $22,036 $514,500 $158,900 $355,600
2021 $22,211 $514,500 $158,900 $355,600
2020 $17,963 $412,000 $158,900 $253,100
2019 $17,984 $412,000 $158,900 $253,100
2018 $21,616 $498,400 $158,900 $339,500
2017 $21,755 $498,400 $158,900 $339,500
2016 $21,436 $498,400 $158,900 $339,500
2015 $21,018 $498,400 $158,900 $339,500
2014 $20,474 $498,400 $158,900 $339,500
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    KAREN LYMAN

    PROMINENT PROPERTIES SIR

  • L

    Buyer's Agent in 2017

    LAWRENCE SMITH

    ELITE REALTORS OF NEW JERSEY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3417796

Garden State MLS

APN: 18-01301-0000-00015

New Jersey Union County Summit 07901

5 Madison Ave, Summit, NJ

This home is located at 5 Madison Ave, Summit, NJ 07901 since 13 September 2017 and is currently estimated at $1,854,766. This property was built in 1870. 5 Madison 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.

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