NOT LISTED FOR SALE

55 Morris Ave Summit, NJ 07901

Estimated Value: $788,648 - $1,055,000

-- Bed
-- Bath
2,152 Sq Ft
$439/Sq Ft Est. Value

Last Sold January 01, 2016

Last sale price $467,000 $217 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $5,791/month

About This Home

As of January 2016

This home is located at 55 Morris Ave, Summit, NJ 07901 since 01 January 2016 and is currently estimated at $943,662, approximately $438 per square foot. 55 Morris Ave 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.

Last Agent to Sell the Property

Daniel Zocchi

CHRISTIE'S INT. REAL ESTATE GROUP Listed on: 01/01/2016

Last Buyer's Agent

Darren Sager

EXP REALTY, LLC

EXP REALTY, LLC

Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,534 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • County Name: Union
  • I D: 4571477
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 0.149
  • Total Acres: 0.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2016
Closed on
Dec 16, 2015
Sold by
Yussel Llc
Bought by
Fernandes Brian and Fernandes Joaquim
Seller's Agent
Daniel Zocchi
CHRISTIE'S INT. REAL ESTATE GROUP
Buyer's Agent
Darren Sager
EXP REALTY, LLC
Sold Price
$467,000
Current Estimated Value
$943,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$476,662
Avg. Annual Appreciation
7.29%
Original Mortgage
$449,654
Outstanding Balance
$361,756
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$581,906

Purchase Details

Listed on
Sep 15, 2015
Closed on
Aug 25, 2015
Sold by
U S Bank National Association Tr
Bought by
Yussel Llc
Seller's Agent
Daniel Zocchi
CHRISTIE'S INT. REAL ESTATE GROUP
Buyer's Agent
Daniel Zocchi
CHRISTIE'S INT. REAL ESTATE GROUP
Sold Price
$367,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
123.27%

Purchase Details

Closed on
May 4, 2014
Sold by
Umana Sonia P and Umana Marco V
Bought by
Us Bank Na

Purchase Details

Closed on
Jun 3, 2005
Sold by
Barre Henri L
Bought by
Umana Marco and Umana Sonia P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
6.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 21, 1998
Sold by
Sherman Blanche
Bought by
55 Morris Avenue Associates Lp
Source: Public Records

Range of Values:

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

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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
Fernandes Brian $457,950 --
Yussel Llc $367,500 --
Us Bank Na $251,000 None Available
Umana Marco $515,000 --
55 Morris Avenue Associates Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fernandes Brian $449,654
Previous Owner Umana Marco $412,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/01/2016 01/01/16 Sold $467,000 +27.2% $217 / Sq Ft
09/15/2015 09/15/15 Sold $367,000 -- $171 / Sq Ft 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 $10,163 $233,300 $66,800 $166,500
2024 $10,095 $233,300 $66,800 $166,500
2023 $10,095 $233,300 $66,800 $166,500
2022 $9,992 $233,300 $66,800 $166,500
2021 $10,072 $233,300 $66,800 $166,500
2020 $10,172 $233,300 $66,800 $166,500
2019 $10,184 $233,300 $66,800 $166,500
2018 $6,731 $155,200 $66,800 $88,400
2017 $6,774 $155,200 $66,800 $88,400
2016 $6,675 $155,200 $66,800 $88,400
2015 $6,545 $155,200 $66,800 $88,400
2014 $6,376 $155,200 $66,800 $88,400
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Daniel Zocchi

    CHRISTIE'S INT. REAL ESTATE GROUP

    (973) 444-2485

    3 Total Sales

    Daniel Zocchi
    Section Image
  • Darren Sager

    Buyer's Agent in 2016

    Darren Sager

    EXP REALTY, LLC

    (908) 376-9459

    1 Total Sale

    Darren Sager
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3256402

Garden State MLS

APN: 18-04009-0000-00029

New Jersey Union County Summit 07901

55 Morris Ave, Summit, NJ

Not Listed for Sale

MultiFamily

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