$490,000
SOLD OCT 15, 2021

5 Summit Ave Unit 2 Bloomfield, NJ 07003

-- Bed
-- Bath
-- Sq Ft
102 Sq Ft Lot

Recently Sold

9% Above List Price

274 Days on Market

About This Home

As of October 2021

This home is located at 5 Summit Ave Unit 2, Bloomfield, NJ 07003 and is currently priced at $490,000. 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 Sell the Property

TONY KOSTOVSKI

CENTURY 21 JR GOLD TEAM REALTY Listed on: 07/28/2020

Last Buyer's Agent

Mary Ibrahim

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,317

Year Built

  • Built in 1950

Lot Details

  • 102 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,317

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Year Built: 1950
  • County Name: Essex
  • Street Number Display: 5
  • I D: 5002838
  • Modified: 2022-10-16
  • Number Images: 1
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 102 X 102
  • Total Acres: 0.24

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
$646,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,930
Avg. Annual Appreciation
7.63%
Original Mortgage
$465,500
Outstanding Balance
$429,072
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$217,858

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $490,000 Evident Title Agency Inc
Deed $430,000 --
Deed $251,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $465,500 New Conventional
Previous Owner $86,000 Stand Alone Second
Previous Owner $400,000 No Value Available
Previous Owner $235,000 No Value Available
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: 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 $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: Garden State MLS

MLS Number: 3651826

Garden State MLS

APN: 02-00663-0000-00010