NOT LISTED FOR SALE

5 Prospect Hill Ave Summit, NJ 07901

Estimated Value: $1,362,000 - $4,181,000

5 Beds
4.5 Baths
-- Sq Ft
29,185 Sq Ft Lot

Last Sold October 20, 2020

Last sale price $2,300,000

Est. 51% increase in value since last sale

Current estimated payment $21,801/month

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

  • 0.67 Acre Lot
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • 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
  • 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

  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • 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
$3,466,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,166,084
Avg. Annual Appreciation
7.24%
Original Mortgage
$1,495,000
Outstanding Balance
$1,319,884
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$2,032,029

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

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

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

    58 in this area

    114 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

Not Listed for Sale

Detached

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