NOT LISTED FOR SALE

55 Prospect St Summit, NJ 07901

Estimated Value: $2,160,000 - $3,016,000

-- Bed
-- Bath
3,576 Sq Ft
$718/Sq Ft Est. Value

About This Home

This home is located at 55 Prospect St, Summit, NJ 07901 and is currently estimated at $2,566,055, approximately $717 per square foot. 55 Prospect St 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2011
Sold by
Matter Clinton A and Matter Kourtney
Bought by
Sorenson Erik D and Chulay Cornell
Current Estimated Value
$2,566,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Outstanding Balance
$688,018
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$1,878,037

Purchase Details

Closed on
Jan 29, 1999
Sold by
Locovare John W and Locovare Kathleen P
Bought by
Levitz Michael D and Levitz Jane W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.67%
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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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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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
Sorenson Erik D $1,810,000 None Available
Levitz Michael D $745,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sorenson Erik D $999,000
Previous Owner Levitz Michael D $300,000
Source: Public Records

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 $33,341 $765,400 $241,000 $524,400
2024 $33,119 $765,400 $241,000 $524,400
2023 $33,119 $765,400 $241,000 $524,400
2022 $32,782 $765,400 $241,000 $524,400
2021 $33,042 $765,400 $241,000 $524,400
2020 $33,371 $765,400 $241,000 $524,400
2019 $33,410 $765,400 $241,000 $524,400
2018 $32,250 $743,600 $241,000 $502,600
2017 $32,458 $743,600 $241,000 $502,600
2016 $31,982 $743,600 $241,000 $502,600
2015 $31,358 $743,600 $241,000 $502,600
2014 $30,547 $743,600 $241,000 $502,600
Source: Public Records

Map

New Jersey Union County Summit 07901

55 Prospect St, Summit, NJ

Not Listed for Sale

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