NOT LISTED FOR SALE

55 Mountain Ave Summit, NJ 07901

Summit Area

Estimated Value: $1,028,000 - $1,250,000

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

Sale Details

Date Sold: June 9, 2023

Last sale price $841,000

Est. 32% increase in value since last sale

Current estimated payment $6,884 / mo

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 $1,108,304. 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

Range of Values:

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

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 7,841

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

7,841 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2023
Closed on
Jun 6, 2023
Sold by
Bought by
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
$1,108,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,304
Avg. Annual Appreciation
9.16%
Original Mortgage
$672,800
Outstanding Balance
$643,839
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$464,465

Purchase Details

Closed on
Sep 13, 2011
Sold by
Bought by

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Summit, NJ

  • Mackenson Bonnet Real Estate Agent - WEICHERT REALTORS

    Mackenson Bonnet

    WEICHERT REALTORS

    (862) 272-3446

    62 Total Sales

    1 in Summit

    $465,000 Price

    Mackenson Bonnet
     Section Image
  • Nicole Levine Real Estate Agent - WEICHERT REALTORS

    Nicole Levine

    WEICHERT REALTORS

    (862) 259-6555

    74 Total Sales

    1 in Summit

    $601,000 Price

    Nicole Levine
     Section Image
  • Wendy Dessanti Real Estate Agent - Weichert Realtors, Tenafly-Cresskill

    Wendy Dessanti

    Responds Quickly

    Weichert Realtors, Tenafly-Cresskill

    (551) 345-5188

    27 Total Sales

    2 in Summit

    $950K - $1.3M Price Range

    Wendy Dessanti
     Section Image
  • Michele Klug Real Estate Agent - KELLER WILLIAMS TOWNE SQUARE

    Michele Klug

    KELLER WILLIAMS TOWNE SQUARE

    (908) 883-3374

    655 Total Sales

    1 in Summit

    $800,000 Price

    Michele Klug
     Section Image
  • Lorraine First Real Estate Agent - KL SOTHEBY'S INT'L. REALTY

    Lorraine First

    KL SOTHEBY'S INT'L. REALTY

    (857) 305-4661

    64 Total Sales

    1 in Summit

    $716,000 Price

    Lorraine First
     Section Image
  • Donald Hansen Real Estate Agent - C-21 NEW BEGINNINGS

    Donald Hansen

    C-21 NEW BEGINNINGS

    (908) 503-2639

    61 Total Sales

    1 in Summit

    $400,000 Price

    Donald Hansen
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$841,000 Investment Title
$350,000 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $672,800
Previous Owner $220,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,501 $212,500 $102,200 $110,300
2025 $9,501 $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 Real Estate Agent - COLDWELL BANKER REALTY

    Buyer's Agent in 2023

    Amy Ball

    COLDWELL BANKER REALTY

    (973) 224-2385

    56 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

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