NOT LISTED FOR SALE

54 Rotary Dr Summit, NJ 07901

Estimated Value: $1,712,000 - $2,241,000

5 Beds
4.5 Baths
-- Sq Ft
0.34 Acres

Last Sold April 20, 2021

Last sale price $1,430,000

Est. 43% increase in value since last sale

Current estimated payment $12,704/month

8 Days on Market

Highlights

  • Custom Home
  • Recreation Room
  • Main Floor Bedroom
  • L C Johnson Summit Middle School Rated A+
  • Marble Flooring
  • Whirlpool Bathtub

About This Home

As of April 2021

Situated on a picturesque tree-lined street in Franklin district, this 5BR, 4.1 bath Colonial has been tastefully renovated. Features a flexible floor plan & adaptable living space, with hardwood floors. The LR enjoys the charm of a gas fireplace, opening to a formal DR. The updated kitchen boasts chic cabinets, quartzite counters & stainless steel appliances. The Fam Room has wall-sized arch window & French doors open to a bluestone Patio & fenced yard. 1st Flr MBR includes an elevator to garage level, WIC & luxurious ensuite Bathroom. An Office & Powder room complete the level. The 2nd floor offers a potential MBR ensuite, 2 BRS, & remodeled Full Bath. The walk-out lower level has Rec Room, Full Bath & 2-car garage.

Last Agent to Sell the Property

CORINNE TAYLOR

PROMINENT PROPERTIES SIR Listed on: 02/03/2021

Co-Listed By

JILL BRAY

PROMINENT PROPERTIES SIR

Last Buyer's Agent

SUZANNE EMRICH

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,411

Year Built

  • Built in 1959

Lot Details

  • 0.34

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Custom Home
  • Colonial Architecture
  • Brick Exterior Construction
  • Wood Shingle Roof
  • Tile

Interior Spaces

  • High Ceiling
  • Gas Fireplace
  • Blinds
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Recreation Room
  • Workshop

Kitchen

  • Eat-In Kitchen
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Powder Room
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Sump Pump

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Schools

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

Utilities

  • Multiple cooling system units
  • Central Air
  • Standard Electricity
  • Gas Water Heater

Additional Features

  • Patio
  • Open Lot

Community Details

  • Elevator

Listing and Financial Details

  • Assessor Parcel Number 2918-05303-0000-00024-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,411

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial, Custom Home
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1959
  • Year Built Description: Approximate
  • County Name: Union
  • Directions: Ashland Rd. to Rotary Drive
  • I D: 5042334
  • First Name: CORINNE
  • First Name2: JILL
  • First Name3: SUZANNE
  • Last Name: TAYLOR
  • Last Name2: BRAY
  • Last Name3: EMRICH
  • Office Phone2: 908-376-2725
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 2020

Interior Features

  • Flooring: Carpeting, Marble, Tile, Wood
  • Fireplace Description: Gas Fireplace, Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Disposal, Dryer, Kitchen Exhaust Fan, Microwave Oven, Refrigerator, Sump Pump, OvnWElec, Washer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Elevator, Fire Extinguisher, High Ceilings, Smoke Detector, Walk-In Closet, Whirlpool, Window Treatments
  • Bedrooms: 5
  • Bedroom 1 Level: First
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Walkout
  • Dining Room Level: First
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Dim: 13x19
  • Kitchen Level: First
  • Living Room Dim: 13x19
  • Living Room Level: First
  • Other Room 1: Bedroom/Office
  • Other Room1 Dim: 12x19
  • Other Room1 Level: First
  • Other Room 2: Rec Room
  • Other Room2 Dim: 12x23
  • Other Room2 Level: Basement
  • Other Room 3: Bedroom/Office
  • Other Room3 Dim: 10x19
  • Other Room3 Level: Basement
  • Other Room 4: Laundry Room
  • Other Room4 Dim: 8x9
  • Other Room4 Level: Basement
  • Level 1 Rooms: 1 Bedroom, Bath Main, Dining Room, Family Room, Foyer, Kitchen, Living Room, Office, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other
  • Ground Level Rooms: 1 Bedroom, Bath Main, Laundry Room, Rec Room, Workshop
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Brick, Wood Shingle
  • Exterior Features: Patio
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Built-In Garage, Garage Door Opener
  • Number Garage Spaces: 2
  • Parking Driveway Description: 2 Car Width, Blacktop

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Hotwater
  • Sewer: Public Sewer
  • Utilities: Electric, Gas In Street
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Elevator

Schools

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

Lot Info

  • Lot Size: .344
  • Easement: Unknown
  • Lot Description: Open Lot
  • 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: 29411
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-05303-0000-00024-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.365
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2021
Closed on
Apr 7, 2021
Sold by
Hoecker Bradley J and Hoecker Susan
Bought by
Block Alexander and Block Amy
Seller's Agent
CORINNE TAYLOR
PROMINENT PROPERTIES SIR
Buyer's Agent
SUZANNE EMRICH
KELLER WILLIAMS REALTY
List Price
$1,349,000
Sold Price
$1,430,000
Premium/Discount to List
$81,000
6%
Current Estimated Value
$2,040,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$610,949
Avg. Annual Appreciation
7.76%
Original Mortgage
$930,000
Outstanding Balance
$840,350
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$1,200,600

Purchase Details

Listed on
Aug 11, 2014
Closed on
Aug 11, 2014
Sold by
Woodbury David B and Woodbury Elizabeth B
Bought by
Hoecker Bradley J and Hoecker Susan
Seller's Agent
SARA PARKER HENDERSON
LOIS SCHNEIDER REALTOR
Sold Price
$1,340,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.97%
Original Mortgage
$871,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 11, 2000
Sold by
Wallis Mervyn E and Wallis Beverly Ann Cosslett
Bought by
Woodbury David B and Woodbury Elizabeth B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$621,750
Interest Rate
7.25%

Purchase Details

Closed on
Feb 11, 1994
Sold by
Thaxter Wendy O
Bought by
Wallis Beverly A and Wallis Mervyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
7.27%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Block Alexander $1,430,000 Acres Land Title Agency Inc
Hoecker Bradley J $1,340,000 Acres Land Title Agency Inc
Woodbury David B $829,000 --
Wallis Beverly A $422,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Block Alexander $930,000
Previous Owner Hoecker Bradley J $871,000
Previous Owner Woodbury David B $621,750
Previous Owner Wallis Beverly A $357,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/20/2021 04/20/21 Sold $1,430,000 +6.0% --
02/11/2021 02/11/21 Pending -- -- --
02/03/2021 02/03/21 For Sale $1,349,000 +0.7% --
08/11/2014 08/11/14 Sold $1,340,000 -- -- View Prior Sale
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 $25,657 $589,000 $274,000 $315,000
2024 $29,155 $589,000 $274,000 $315,000
2023 $29,155 $673,800 $274,000 $399,800
2022 $28,859 $673,800 $274,000 $399,800
2021 $29,088 $673,800 $274,000 $399,800
2020 $29,378 $673,800 $274,000 $399,800
2019 $29,411 $673,800 $274,000 $399,800
2018 $29,223 $673,800 $274,000 $399,800
2017 $29,411 $673,800 $274,000 $399,800
2016 $28,980 $673,800 $274,000 $399,800
2015 $28,414 $673,800 $274,000 $399,800
2014 $27,680 $673,800 $274,000 $399,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3690442

Garden State MLS

APN: 18-05303-0000-00024