NOT LISTED FOR SALE

54 Colt Rd Summit, NJ 07901

Estimated Value: $3,311,617 - $3,871,000

6 Beds
5.5 Baths
4,862 Sq Ft
$754/Sq Ft Est. Value

Last Sold March 02, 2022

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

Est. 31% increase in value since last sale

Current estimated payment $23,299/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-

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
$3,666,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$866,206
Avg. Annual Appreciation
7.51%
Original Mortgage
$1,820,000
Outstanding Balance
$1,700,467
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,965,739

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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Average Value
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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
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
Closed Masso Matthew $1,820,000
Previous Owner Rustum William M $1,540,000
Previous Owner Rustum William M $2,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $47,707 $1,095,200 $382,700 $712,500
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

    52 in this area

    527 Total Sales

    Susan Oldendorp
    Section Image
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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

Not Listed for Sale

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