NOT LISTED FOR SALE

502 Morris Ave Summit, NJ 07901

Studio
-- Bath
1,500 Sq Ft
0.34 Acres

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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
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 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 $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

New Jersey Union County Summit 07901

502 Morris Ave, Summit, NJ

Not Listed for Sale

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