NOT LISTED FOR SALE

505 Summit Ave Fort Lee, NJ 07024

Estimated Value: $732,000 - $1,503,923

Studio
-- Bath
1,692 Sq Ft
$740/Sq Ft Est. Value

About This Home

This home is located at 505 Summit Ave, Fort Lee, NJ 07024 and is currently estimated at $1,251,731, approximately $739 per square foot. 505 Summit Ave is a home located in Bergen County with nearby schools including Fort Lee High School and Christ the Teacher Academy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2025
Sold by
Le
Bought by
Great Summit Llc
Current Estimated Value
$1,251,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,489,154
Interest Rate
6.6%
Mortgage Type
Construction
Estimated Equity
-$237,423

Purchase Details

Closed on
Jan 25, 2011
Sold by
Harris Willie L and Harris Catherine
Bought by
Le Le

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 1995
Sold by
Maisano Joe
Bought by
Harris Willie and Harris Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
7.89%
Mortgage Type
VA
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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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
Great Summit Llc -- Blueland Title
Great Summit Llc -- Blueland Title
Le Le $390,000 --
Harris Willie $167,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Great Summit Llc $1,500,000
Closed Great Summit Llc $1,500,000
Previous Owner Le Le $273,000
Previous Owner Harris Willie $167,000
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 $10,816 $414,900 $316,000 $98,900
2024 $10,265 $414,900 $316,000 $98,900
2023 $10,302 $414,900 $316,000 $98,900
2022 $10,302 $414,900 $316,000 $98,900
2021 $10,090 $414,900 $316,000 $98,900
2020 $9,995 $414,900 $316,000 $98,900
2019 $9,763 $414,900 $316,000 $98,900
2018 $9,534 $414,900 $316,000 $98,900
2017 $9,427 $414,900 $316,000 $98,900
2016 $9,352 $414,900 $316,000 $98,900
2015 $9,136 $414,900 $316,000 $98,900
2014 $8,966 $414,900 $316,000 $98,900
Source: Public Records

Map

New Jersey Bergen County Fort Lee 07024

505 Summit Ave, Fort Lee, NJ

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