NOT LISTED FOR SALE

55 Mountain Ave Summit, NJ 07901

Estimated Value: $736,000 - $1,077,000

-- Bed
-- Bath
-- Sq Ft
7,841 Sq Ft Lot

Last Sold June 09, 2023

Last sale price $841,000

Est. 12% increase in value since last sale

Current estimated payment $5,731/month

9 Days on Market

About This Home

As of June 2023

This home is located at 55 Mountain Ave, Summit, NJ 07901 since 21 April 2023 and is currently estimated at $941,098. This property was built in 1910. 55 Mountain 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

LUCY E. THOMPSON

KELLER WILLIAMS REALTY Brokerage Phone: 908-273-2991 Listed on: 04/21/2023

Last Buyer's Agent

Amy Ball

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,257

Year Built

  • Built in 1910

Lot Details

  • 7,841

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,257

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Year Built: 1910
  • County Name: Union
  • I D: 5216076
  • Attribution Contact: 908-273-2991
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: .181

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2023
Closed on
Jun 6, 2023
Sold by
Wells Ronald E and Wells Leanne T
Bought by
Boyan George and Boyan Meredith
Seller's Agent
LUCY E. THOMPSON
KELLER WILLIAMS REALTY
Buyer's Agent
Amy Ball
COLDWELL BANKER REALTY
List Price
$799,000
Sold Price
$841,000
Premium/Discount to List
$42,000
5.26%
Views
106
Current Estimated Value
$941,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,098
Avg. Annual Appreciation
4.70%
Original Mortgage
$672,800
Outstanding Balance
$652,167
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$288,931

Purchase Details

Closed on
Sep 13, 2011
Sold by
Rojahn Renee
Bought by
Wells Ronald E and Wells Leanne T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.38%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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
Boyan George $841,000 Investment Title
Wells Ronald E $350,000 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boyan George $672,800
Previous Owner Wells Ronald E $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2023 06/09/23 Sold $841,000 +5.3% --
05/03/2023 05/03/23 Pending -- -- --
04/23/2023 04/23/23 For Sale $799,000 -- --
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
2025 $9,257 $212,500 $102,200 $110,300
2024 $8,754 $212,500 $102,200 $110,300
2023 $8,754 $202,300 $102,200 $100,100
2022 $8,665 $202,300 $102,200 $100,100
2021 $8,733 $202,300 $102,200 $100,100
2020 $8,820 $202,300 $102,200 $100,100
2019 $8,830 $202,300 $102,200 $100,100
2018 $8,774 $202,300 $102,200 $100,100
2017 $8,830 $202,300 $102,200 $100,100
2016 $8,701 $202,300 $102,200 $100,100
2015 $8,531 $202,300 $102,200 $100,100
2014 $8,310 $202,300 $102,200 $100,100
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    LUCY E. THOMPSON

    KELLER WILLIAMS REALTY

  • Amy Ball

    Buyer's Agent in 2023

    Amy Ball

    COLDWELL BANKER REALTY

    (973) 224-2385

    3 in this area

    67 Total Sales

    Amy Ball
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Map

Source: Garden State MLS

MLS Number: 3839562

Garden State MLS

APN: 18-03212-0000-00017

New Jersey Union County Summit 07901

55 Mountain Ave, Summit, NJ

Not Listed for Sale

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