NOT LISTED FOR SALE

5 Prospect Hill Ave Summit, NJ 07901

Estimated Value: $1,620,000 - $4,441,000

5 Beds
4.5 Baths
-- Sq Ft
0.67 Acres Lot

Sale Details

Date Sold: October 20, 2020

Last sale price $2,300,000

Est. 53% increase in value since last sale

Current estimated payment $22,739 / mo

Highlights

  • Fitness Center
  • Colonial Architecture
  • 2 Fireplaces
  • L C Johnson Summit Middle School Rated A+
  • Wood Flooring
  • Home Office

About This Home

As of October 2020

For comps purposes only

Last Agent to Sell the Property

Suzanne Lear

PROMINENT PROPERTIES SIR Listed on: 10/20/2020

Co-Listed By

JILL BRAY

PROMINENT PROPERTIES SIR

Last Buyer's Agent

SUSAN LEMKAU

LOIS SCHNEIDER REALTOR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $47,652

Year Built

  • Built in 1924

Lot Details

  • 29,185 Sq Ft Lot
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Asphalt Shingled Roof
  • Wood Shingle Roof
  • Tile

Interior Spaces

  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Home Office
  • Storage Room
  • Home Gym
  • Partially Finished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Gas Cooktop
  • Microwave
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Lincoln-Hubbard Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Power Generator
  • Gas Water Heater

Community Details

  • Fitness Center

Listing and Financial Details

  • Assessor Parcel Number 2918-03501-0000-00021-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$47,652

Year Built

Built in 1924

Lot Details

0.67 Acres

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1924
  • Year Built Description: Approximate
  • County Name: Union
  • Directions: Springfield Avenue to Lenox to Prospect Hill
  • I D: 5026334
  • Section Subdiv Development: Northside
  • First Name: SUZANNE
  • First Name2: JILL
  • First Name3: SUSAN
  • Last Name: LEAR
  • Last Name2: BRAY
  • Last Name3: LEMKAU
  • Office Phone: 908-868-5245
  • Office Phone2: 908-376-2725
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2000

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Gas Fireplace, Wood Burning
  • Number of Fireplaces: 2
  • Appliances: CookGas, Dryer, Generator-Built-In, Microwave Oven, Range/Oven-Gas, Washer
  • Bedrooms: 5
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Basement Level Rooms: Exercise Room, Storage Room, Toilet
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Dim: 23x15
  • Kitchen Level: First
  • Living Room Dim: 25x13
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 14x11
  • Other Room1 Level: Third
  • Other Room 2: Office
  • Other Room2 Dim: 17x11
  • Other Room2 Level: First
  • Other Room 3: Exercise Room
  • Other Room3 Dim: 29x15
  • Other Room3 Level: Basement
  • Level 1 Rooms: Den, Dining Room, Family Room, Foyer, Kitchen, Living Room, Office, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, Laundry Room
  • Level 3 Rooms: 1 Bedroom, Bath(s) Other
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Wood Shingle
  • Exterior Features: Patio, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 1 Car Width

Utilities

  • Cooling: 3 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 3 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Exercise Room

Schools

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

Lot Info

  • Lot Size: 147X198
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.67

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 47652
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-03501-0000-00021-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.365
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2020
Closed on
Oct 15, 2020
Sold by
Blacker Kem H and Blacker Heather B
Bought by
Ryan Patrick M and Ryan Ashley S
Seller's Agent
Suzanne Lear
PROMINENT PROPERTIES SIR
Buyer's Agent
SUSAN LEMKAU
LOIS SCHNEIDER REALTOR
List Price
$2,195,000
Sold Price
$2,300,000
Premium/Discount to List
$105,000
4.78%
Current Estimated Value
$3,520,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,220,788
Avg. Annual Appreciation
7.97%
Original Mortgage
$1,495,000
Outstanding Balance
$1,319,884
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$2,200,904

Purchase Details

Closed on
Oct 15, 1986
Bought by
Blacker Kem H and Blacker Heather B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Ryan Patrick M $2,300,000 Acres Land Title Agency Llc
Blacker Kem H $745,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Ryan Patrick M $1,495,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2020 10/20/20 Sold $2,300,000 +4.8% --
10/20/2020 10/20/20 For Sale $2,195,000 -- --
Source: Garden State 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 $47,554 $1,091,700 $480,400 $611,300
2024 $47,238 $1,091,700 $480,400 $611,300
2023 $47,238 $1,091,700 $480,400 $611,300
2022 $46,758 $1,091,700 $480,400 $611,300
2021 $47,129 $1,091,700 $480,400 $611,300
2020 $47,598 $1,091,700 $480,400 $611,300
2019 $47,653 $1,091,700 $480,400 $611,300
2018 $47,347 $1,091,700 $480,400 $611,300
2017 $47,653 $1,091,700 $480,400 $611,300
2016 $46,954 $1,091,700 $480,400 $611,300
2015 $46,037 $1,091,700 $480,400 $611,300
2014 $44,847 $1,091,700 $480,400 $611,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Suzanne Lear

    PROMINENT PROPERTIES SIR

    (908) 376-2720

    57 in this area

    115 Total Sales

    Suzanne Lear
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    JILL BRAY

    PROMINENT PROPERTIES SIR

  • S

    Buyer's Agent in 2020

    SUSAN LEMKAU

    LOIS SCHNEIDER REALTOR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3673078

Garden State MLS

APN: 18-03501-0000-00021

New Jersey Union County Summit 07901

5 Prospect Hill Ave, Summit, NJ

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