NOT LISTED FOR SALE

54 Colt Rd Summit, NJ 07901

Estimated Value: $2,948,000 - $3,820,000

6 Beds
5.5 Baths
4,862 Sq Ft
$685/Sq Ft Est. Value

Last Sold March 02, 2022

Last sale price $2,800,000 $576 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $21,666/month

Highlights

  • Colonial Architecture
  • Family Room with Fireplace
  • Sun or Florida Room
  • L C Johnson Summit Middle School Rated A+
  • Wood Flooring
  • Corner Lot

About This Home

As of March 2022

FOR COMP PURPOSES ONLY

Last Agent to Sell the Property

CYNTHIA BAKER

LOIS SCHNEIDER REALTOR Listed on: 03/02/2022

Last Buyer's Agent

Susan Oldendorp

COMPASS NEW JERSEY, LLC

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,205

Year Built

  • Built in 1944

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • 2 Car Direct Access Garage
  • Inside Entrance

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slate Roof
  • Tile

Interior Spaces

  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 5 Fireplaces
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Library with Fireplace
  • Recreation Room with Fireplace
  • Game Room
  • Sun or Florida Room
  • Storage Room
  • Utility Room
  • Finished Basement
  • Sump Pump

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Pergola
  • Storage Shed

Schools

  • Franklin Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-05203-0000-00034-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,205

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1944
  • Year Built Description: Approximate
  • County Name: Union
  • Renovated Year: 2021
  • Street Number Display: 54
  • Directions: Blackburn Rd to Colt Rd
  • I D: 5133003
  • Modified: 2023-03-03
  • Number Images: 1
  • Section Subdiv Development: Woodland Park
  • First Name: CYNTHIA
  • First Name3: SUSAN
  • Last Name: BAKER
  • Last Name3: OLDENDORP
  • Office Phone: 908-376-2702
  • Office Phone3: 201-400-8714
  • Attribution Contact: 908-277-1398
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 2021

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Family Room, Great Room, Library, Living Room, Rec Room, Wood Burning
  • Number of Fireplaces: 5
  • Appliances: Carbon Monoxide Detector, Dishwasher, Disposal, Dryer, Generator-Built-In, Jennaire Type, Refrigerator, Sump Pump, OvnWElec, Washer, WineRefr
  • Interior Amenities: Carbon Monoxide Detector, Security System, Smoke Detector
  • Number Rooms: 15
  • Bedrooms: 6
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower And Tub
  • Bathrooms: 5.10
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished
  • Basement Level Rooms: Bath Main, GameRoom, Rec Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen, Separate Dining Area
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Level: Second
  • Other Room 2: Bedroom
  • Other Room2 Level: Second
  • Other Room 3: Rec Room
  • Other Room3 Level: Basement
  • Other Room 4: Media Room
  • Other Room4 Level: Basement
  • Level 1 Rooms: Breakfast Room, Dining Room, Family Room, Foyer, GarEnter, Kitchen, Laundry Room, Library, Living Room, Powder Room, Sunroom
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Phone: 908-277-1398

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Curbs, Patio, Pergola, Storage Shed
  • Roof Description: Slate

Garage/Parking

  • Garage Description: Attached Garage, InEntrnc
  • Number Garage Spaces: 2
  • Parking Driveway Description: Blacktop

Utilities

  • Cooling: 3 Units, Central Air, Multi-Zone Cooling
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air, Multi-Zone
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: Franklin
  • Middle School: Summit MS
  • High School: Summit HS
  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: .609
  • Assessed Improvement Value: 571800
  • Assessed Land Value: 382700
  • Assessment: 954500
  • Easement: Unknown
  • Lot Description: Corner, Level Lot
  • Lot Identifier: 34
  • Lot I D Tax: *
  • Lot Size Tax: *

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 41205
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-05203-0000-00034-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.317
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
Feb 28, 2022
Sold by
Rustum William M
Bought by
Masso Matthew and Masso Nicole
Seller's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
Buyer's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
List Price
$2,750,000
Sold Price
$2,800,000
Premium/Discount to List
$50,000
1.82%
Current Estimated Value
$3,235,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$435,803
Avg. Annual Appreciation
1.41%
Original Mortgage
$1,820,000
Outstanding Balance
$1,727,477
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,210,833

Purchase Details

Closed on
Oct 8, 2020
Sold by
Rustum Jennifer M
Bought by
Rustum William M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,540,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2008
Sold by
Montag Thomas and Montag Janet M
Bought by
Rustum William M and Rustum Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 1995
Sold by
Montag Thomas K and Montag Janet M
Bought by
Montag Janet M
Source: Public Records

Range of Values:

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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
Masso Matthew $2,800,000 Simplicity Title
Rustum William M -- Boston Natl Ttl Agenyc Llc
Rustum William M $2,911,000 Chicago Title Insurance Co
Montag Janet M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Masso Matthew $1,820,000
Previous Owner Rustum William M $1,540,000
Previous Owner Rustum William M $1,969,770
Previous Owner Rustum William M $1,730,000
Previous Owner Rustum William M $342,500
Previous Owner Rustum William M $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2022 03/02/22 Sold $2,800,000 +1.8% $576 / Sq Ft
03/02/2022 03/02/22 For Sale $2,750,000 -- $566 / 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 $47,389 $1,095,200 $382,700 $712,500
2023 $47,389 $1,095,200 $382,700 $712,500
2022 $40,881 $954,500 $382,700 $571,800
2021 $41,206 $954,500 $382,700 $571,800
2020 $48,536 $1,113,200 $382,700 $730,500
2019 $48,591 $1,113,200 $382,700 $730,500
2018 $48,279 $1,113,200 $382,700 $730,500
2017 $48,591 $1,113,200 $382,700 $730,500
2016 $47,879 $1,113,200 $382,700 $730,500
2015 $46,944 $1,113,200 $382,700 $730,500
2014 $45,730 $1,113,200 $382,700 $730,500
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    CYNTHIA BAKER

    LOIS SCHNEIDER REALTOR

  • Susan Oldendorp

    Buyer's Agent in 2022

    Susan Oldendorp

    COMPASS NEW JERSEY, LLC

    (201) 400-8714

    53 in this area

    532 Total Sales

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Map

Source: Garden State MLS

MLS Number: 3766888

Garden State MLS

APN: 18-05203-0000-00034

New Jersey Union County Summit 07901

54 Colt Rd, Summit, NJ

This home is located at 54 Colt Rd, Summit, NJ 07901 since 02 March 2022 and is currently estimated at $3,329,896, approximately $684 per square foot. This property was built in 1944. 54 Colt Rd is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

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