502 Morris Ave Summit, NJ 07901
Studio
--
Bath
1,500
Sq Ft
14,985
Sq Ft Lot
About This Home
This home is located at 502 Morris Ave, Summit, NJ 07901. 502 Morris Ave is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Kent Place School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 29, 2024
Sold by
Thomas John Holdings Llc
Bought by
Thomas John Holdings Llc
Purchase Details
Closed on
May 20, 2023
Sold by
Jb3 Property Llc
Bought by
Thomas John Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.57%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Aug 30, 2018
Sold by
Baran Joseph J
Bought by
Jb3 Property Llc
Purchase Details
Closed on
Oct 2, 1997
Sold by
Baran Irene T and Baran Joseph J
Bought by
Baran Irene T and Baran Joseph J
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Thomas John Holdings Llc | -- | None Listed On Document | |
| Thomas John Holdings Llc | $864,000 | None Listed On Document | |
| Thomas John Holdings Llc | $864,000 | None Listed On Document | |
| Jb3 Property Llc | -- | None Available | |
| Baran Irene T | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Thomas John Holdings Llc | $1,200,000 |
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 | $11,008 | $397,400 | $263,800 | $133,600 |
| 2024 | $10,934 | $252,700 | $130,800 | $121,900 |
| 2023 | $10,934 | $252,700 | $130,800 | $121,900 |
| 2022 | $10,823 | $252,700 | $130,800 | $121,900 |
| 2021 | $10,909 | $252,700 | $130,800 | $121,900 |
| 2020 | $11,018 | $252,700 | $130,800 | $121,900 |
| 2019 | $11,030 | $252,700 | $130,800 | $121,900 |
| 2018 | $10,960 | $252,700 | $130,800 | $121,900 |
| 2017 | $11,030 | $252,700 | $130,800 | $121,900 |
| 2016 | $10,869 | $252,700 | $130,800 | $121,900 |
| 2015 | $10,656 | $252,700 | $130,800 | $121,900 |
| 2014 | $10,381 | $252,700 | $130,800 | $121,900 |
Source: Public Records
Map
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