NOT LISTED FOR SALE

52 Park Ave Summit, NJ 07901

Estimated Value: $661,000 - $854,000

-- Bed
-- Bath
-- Sq Ft
6,970 Sq Ft Lot

Last Sold February 01, 2024

Last sale price $680,000

Est. 14% increase in value since last sale

Current estimated payment $4,761/month

38 Days on Market

About This Home

As of February 2024

This home is located at 52 Park Ave, Summit, NJ 07901 since 25 August 2023 and is currently estimated at $774,074. This property was built in 1910. 52 Park 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.

Last Agent to Sell the Property

RALPH VELEZ

QUEENS REALTY Brokerage Phone: 973-302-7264 Listed on: 08/25/2023

Last Buyer's Agent

ISMENIA M. MENDES

KELLER WILLIAMS MID-TOWN DIRECT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,512

Year Built

  • Built in 1910

Lot Details

  • 6,970 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,512

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Year Built: 1910
  • County Name: Union
  • Street Number Display: 52
  • I D: 5241829
  • Modified: 2025-02-02
  • Number Images: 1
  • Attribution Contact: 973-302-7264
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: .162
  • Total Acres: 0.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Jan 31, 2024
Sold by
Gonzalez Frank R
Bought by
Summit Properties Investment Llc
Seller's Agent
RALPH VELEZ
QUEENS REALTY
Buyer's Agent
ISMENIA M. MENDES
KELLER WILLIAMS MID-TOWN DIRECT
List Price
$695,000
Sold Price
$680,000
Premium/Discount to List
-$15,000
-2.16%
Views
64
Current Estimated Value
$774,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,074
Avg. Annual Appreciation
6.70%
Original Mortgage
$1,282,500
Outstanding Balance
$1,264,772
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
-$512,392

Purchase Details

Closed on
May 15, 1987
Bought by
Gonzalez Frank R
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Summit Properties Investment Llc $680,000 Ridge Title
Gonzalez Frank R $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Summit Properties Investment Llc $1,282,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2024 02/01/24 Sold $680,000 -2.2% --
10/02/2023 10/02/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $695,000 -- --
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 $6,512 $150,500 $66,000 $84,500
2023 $6,512 $150,500 $66,000 $84,500
2022 $6,446 $150,500 $66,000 $84,500
2021 $6,497 $150,500 $66,000 $84,500
2020 $6,562 $150,500 $66,000 $84,500
2019 $6,569 $150,500 $66,000 $84,500
2018 $6,527 $150,500 $66,000 $84,500
2017 $6,569 $150,500 $66,000 $84,500
2016 $6,473 $150,500 $66,000 $84,500
2015 $6,347 $150,500 $66,000 $84,500
2014 $6,183 $150,500 $66,000 $84,500
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    RALPH VELEZ

    QUEENS REALTY

  • I

    Buyer's Agent in 2024

    ISMENIA M. MENDES

    KELLER WILLIAMS MID-TOWN DIRECT

See All Agents

Map

Source: Garden State MLS

MLS Number: 3862039

Garden State MLS

APN: 18-04005-0000-00009

New Jersey Union County Summit 07901

52 Park Ave, Summit, NJ

This home is located at 52 Park Ave, Summit, NJ 07901 since 25 August 2023 and is currently estimated at $774,074. This property was built in 1910. 52 Park 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.

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