NOT LISTED FOR SALE

50 Summit Ave Chatham, NJ 07928

Estimated Value: $1,494,000 - $1,919,405

4 Beds
4.5 Baths
3,450 Sq Ft
$503/Sq Ft Est. Value

Last Sold May 24, 2019

Last sale price $1,165,000 $338 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $11,036/month

8 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Formal Dining Room
  • Chatham High School Rated A+
  • High Ceiling
  • Porch

About This Home

As of May 2019

Stunning New Construction in Chatham Boro. Commuters dream! Walk to town/train from this gorgeous open floor plan home with 9' ceilings on main living level.Taxes TBD. All offers considered! This 4 BR, 4.5 BA custom "modern farmhouse" with transitional interiors boasts over 3400 square ft of living space (including finished basement with 10' ceilings). Open floor plan features breakfast nook, large kitchen island, Thermador appliances, high end cabinetry, hardwood floors throughout, custom molding, spacious LR with double sided fireplace that also services the paver patio, 2nd floor laundry, master BR with double WIC, luxurious master BA, 3 additional BR's and 2 full BA on 2nd floor, finished basement with full bath, Hardiplank siding, and Pella 450 series windows. Potential for 5th BR in basement.

Last Agent to Sell the Property

Tracy Meyler

COLDWELL BANKER REALTY Listed on: 05/16/2019

COLDWELL BANKER REALTY

Last Buyer's Agent

Elyse Wolfe

COMPASS NEW JERSEY, LLC

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,454

Year Built

  • Built in 2018

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Colonial Architecture
  • Siding
  • Composite Building Materials

Interior Spaces

  • 3,450 Sq Ft Home
  • High Ceiling
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Finished Basement
  • Sump Pump

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Recirculated Exhaust Fan
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

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

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Porch

Schools

  • Chatham Elementary And Middle School
  • Chatham High School

Utilities

  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2304-00123-0000-00017-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,454

Year Built

Built in 2018

Lot Details

0

Parking

1

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2018
  • Year Built Description: Approximate
  • County Name: Morris
  • Street Number Display: 50
  • Directions: Main Street to Summit Avenue
  • I D: 4898184
  • Modified: 2021-09-23
  • Number Images: 25
  • First Name: TRACY
  • First Name3: ELYSE
  • First Name4: MARGARET
  • Last Name: MEYLER
  • Last Name3: WOLFE
  • Last Name4: MIGGINS
  • Office Phone3: 973-310-6816
  • Office Phone4: 973-376-8990
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Wood
  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, OvnWGas, CookGas, Dishwasher, Disposal, Kitchen Exhaust Fan, Sump Pump
  • Interior Amenities: SoakTub, StallShw, Walk-In Closet, Carbon Monoxide Detector, High Ceilings, Smoke Detector
  • Number Rooms: 8
  • Bedrooms: 4
  • 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
  • Basement Level Rooms: Bath(s) Other, Family Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: Basement
  • Kitchen Area: Center Island, Pantry, Eat-In Kitchen
  • Kitchen Level: First
  • Living Room Level: First
  • Level 1 Rooms: Foyer, Living Room, Dining Room, Porch, Powder Room, Kitchen
  • Level 2 Rooms: 4 Or More Bedrooms, Bath(s) Other
  • Estimated Sq Ft: 3450
  • Phone: 973-635-8200

Exterior Features

  • Exterior Description: Composition Siding
  • Exterior Features: Patio
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 2
  • Parking Driveway Description: 2 Car Width, Blacktop

Utilities

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

Condo/Co-op/Association

  • Home Warranty: Yes

Schools

  • Elementary School: Chatham
  • Middle School: Chatham
  • High School: Chatham
  • High School: Chatham
  • Middle Jr High School: Chatham

Lot Info

  • Lot Size: 50X150
  • Assessed Improvement Value: 50000
  • Assessed Land Value: 314500
  • Assessment: 364500
  • Lot Description: Level Lot
  • Lot Identifier: 17
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.17

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 7454
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2304-00123-0000-00017-0000-
  • Tax Rate Amount: 2.045
  • Tax Rate Tax: *
  • Tax Rate Year: 2018
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: Chatham

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2019
Closed on
Apr 15, 2019
Sold by
Crimson Capital Llc
Bought by
Caruso Michael and Barretto Anna
Seller's Agent
Tracy Meyler
COLDWELL BANKER REALTY
Buyer's Agent
Elyse Wolfe
COMPASS NEW JERSEY, LLC
List Price
$1,189,000
Sold Price
$1,165,000
Premium/Discount to List
-$24,000
-2.02%
Current Estimated Value
$1,677,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$512,690
Avg. Annual Appreciation
5.87%
Original Mortgage
$1,048,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 13, 2017
Closed on
Apr 26, 2017
Sold by
Ponzio Nicholas J
Bought by
Crimson Capital Llc
Seller's Agent
KAREN GILL
KELLER WILLIAMS REALTY
Buyer's Agent
WILLIAM ROLLER
KL SOTHEBY'S INT'L. REALTY
List Price
$500,000
Sold Price
$480,000
Premium/Discount to List
-$20,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.11%

Purchase Details

Closed on
May 19, 2010
Sold by
Ponzio Louise M
Bought by
Ponzio Nicholas J
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
Caruso Michael $1,165,000 Agent For Fidelity Natl Ttl
Crimson Capital Llc $480,000 Coastl Title Ag Inc
Ponzio Nicholas J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caruso Michael $1,034,000
Closed Caruso Michael $1,048,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2019 05/24/19 Sold $1,165,000 -2.0% $338 / Sq Ft
05/24/2019 05/24/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $1,189,000 +147.7% $345 / Sq Ft
05/15/2017 05/15/17 Sold $480,000 -4.0% $379 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
02/13/2017 02/13/17 For Sale $500,000 -- $394 / Sq Ft
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 $21,246 $1,367,200 $393,800 $973,400
2023 $21,246 $1,367,200 $393,800 $973,400
2022 $18,368 $859,500 $314,500 $545,000
2021 $18,368 $859,500 $314,500 $545,000
2020 $18,213 $859,500 $314,500 $545,000
2019 $7,669 $364,500 $314,500 $50,000
2018 $7,454 $364,500 $314,500 $50,000
2017 $8,490 $427,500 $314,500 $113,000
2016 $8,268 $427,500 $314,500 $113,000
2015 $7,920 $427,500 $314,500 $113,000
2014 $7,860 $427,500 $314,500 $113,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3557425

Garden State MLS

APN: 04-00123-0000-00017