NOT LISTED FOR SALE

5 Summit Ave Unit 2 Bloomfield, NJ 07003

Estimated Value: $539,312 - $698,000

2 Beds
1 Bath
-- Sq Ft
10,411 Sq Ft Lot

Last Sold October 15, 2021

Last sale price $490,000

Est. 29% increase in value since last sale

Current estimated payment $4,359/month

About This Home

As of September 2023

This home is located at 5 Summit Ave Unit 2, Bloomfield, NJ 07003 since 22 May 2023 and is currently priced at $631,078. This property was built in 1950. 5 Summit Ave Unit 2 is a home located in Essex County with nearby schools including Franklin School, Bloomfield Middle School, and Bloomfield High School.

Last Agent to Rent the Property

Mary Ibrahim

Coldwell Banker, Upper Montclair Listed on: 05/22/2023

Coldwell Banker, Upper Montclair

Last Renter's Agent

Mary Ibrahim

Coldwell Banker, Upper Montclair Listed on: 05/22/2023

Coldwell Banker, Upper Montclair

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,317

Year Built

  • 1950

Lot Details

  • 10,411

Parking

  • 1 Open Parking Space

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Powered By Gas
  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • No Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,317

Year Built

1950

Lot Details

0

Listing Details

  • Property Type: Residential Lease
  • PropertySubType: 2 Family
  • ResoLaundryFeatures: None
  • View Type:Pond View: None
  • NAV29_Unit_1_Appliances: Dishwasher, Microwave, Ov/Rang/Gs, Refrigerator, Water
  • Reso Association Amenities: None
  • Reso Pets Allowed: No
  • Co List Office Phone: (973) 226-2577
  • MLS Status: Leased - Leased
  • Directions: Broad St to James St to Summit Ave.
  • Reso Fireplace Features: None
  • Year Built Details: 1960's
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Primary Bathroom: No

Exterior Features

  • Disclosures: Seller's Agent

Garage/Parking

  • Open Parking Spaces: 1.0
  • Parking Features: See Remarks

Utilities

  • Cooling: Gas
  • Heating: Baseboard, Natural Gas, Hot Water, Other Fuel Source/See Rmk

Lot Info

  • Lot: 00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2020
Closed on
Oct 5, 2021
Sold by
Ryan Cristina and Ryan Paul
Bought by
Lisojo Rene and Morales Alma C
Seller's Agent
TONY KOSTOVSKI
CENTURY 21 JR GOLD TEAM REALTY
Buyer's Agent
Mary Ibrahim
COLDWELL BANKER REALTY
List Price
$450,000
Sold Price
$490,000
Premium/Discount to List
$40,000
8.89%
Current Estimated Value
$631,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,078
Avg. Annual Appreciation
6.38%
Original Mortgage
$465,500
Outstanding Balance
$426,331
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$198,398

Purchase Details

Closed on
Jun 18, 2004
Sold by
Petronaci Michael
Bought by
Ryan Paul and Ryan Cristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.32%

Purchase Details

Closed on
Aug 21, 2001
Sold by
Emc Mtg Corp
Bought by
Petronaci Michael and Valerius Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
6.86%
Source: Public Records

Range of Values:

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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
Lisojo Rene $490,000 Evident Title Agency Inc
Ryan Paul $430,000 --
Petronaci Michael $251,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lisojo Rene $465,500
Previous Owner Ryan Paul $86,000
Previous Owner Ryan Paul $400,000
Previous Owner Petronaci Michael $235,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Rented $2,050 0.0% --
09/06/2023 09/06/23 Price Changed $2,050 -2.4% --
05/22/2023 05/22/23 For Rent $2,100 +5.0% --
08/02/2022 08/02/22 Rented $2,000 -4.8% --
06/19/2022 06/19/22 For Rent $2,100 0.0% --
10/15/2021 10/15/21 Sold $490,000 +8.9% --
04/28/2021 04/28/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $450,000 -8.2% --
11/04/2020 11/04/20 Off Market $490,000 -- --
10/19/2020 10/19/20 For Sale $420,000 0.0% --
08/28/2020 08/28/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $420,000 -- --
Source: New Jersey 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
2025 $12,317 $376,900 $120,100 $256,800
2024 $12,317 $376,900 $120,100 $256,800
2022 $12,068 $376,900 $120,100 $256,800
2021 $11,846 $376,900 $120,100 $256,800
2020 $11,665 $376,900 $120,100 $256,800
2019 $11,525 $289,500 $116,900 $172,600
2018 $11,476 $289,500 $116,900 $172,600
2017 $11,302 $289,500 $116,900 $172,600
2016 $11,175 $289,500 $116,900 $172,600
2015 $11,073 $289,500 $116,900 $172,600
2014 $10,871 $289,500 $116,900 $172,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 23015383

New Jersey MLS

APN: 02-00663-0000-00010