NOT LISTED FOR SALE

553 Summit Ave Maplewood, NJ 07040

Estimated Value: $1,181,000 - $1,688,000

4 Beds
5 Baths
4,300 Sq Ft
$337/Sq Ft Est. Value

Last Sold December 12, 2017

Last sale price $927,000 $216 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $9,751/month

14 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Jetted Tub in Primary Bathroom
  • Clinton Elementary School Rated A-
  • Recreation Room
  • Attic

About This Home

As of December 2017

Sophisticated, stylish and well maintained, this meticulously renovated 1920's Colonial offers 4 levels of living space. The recently renovated & expanded gourmet kitchen includes a large center island with high end appliances. A wall of doors open onto the deck for additional indoor/outdoor living. Relax on the stone patio & enjoy the professionally landscaped & fenced back yard. 4 BR's, 3.2 Baths, Au Pair suite, fireplace, hardwood floors, finished basement with vintage bar, 2 car garage with plenty of parking. The home's exterior was freshly painted & seasonal flowers abound! Come see & ENJOY!

Last Agent to Sell the Property

Karen Foley

PROMINENT PROPERTIES SIR Listed on: 10/09/2017

PROMINENT PROPERTIES SIR

Last Buyer's Agent

Karen Foley

PROMINENT PROPERTIES SIR Listed on: 10/09/2017

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,407

Year Built

  • Built in 1923

Lot Details

  • 10,019 Sq Ft Lot
  • Fenced
  • Level Lot

Parking

  • 2 Car Detached Garage
  • On-Street Parking
  • Parking Garage Space
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Clapboard

Interior Spaces

  • 4,300 Sq Ft Home
  • Dry Bar
  • Ceiling Fan
  • Thermal Windows
  • Shades
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Recreation Room
  • Vinyl Flooring
  • Attic

Kitchen

  • Butlers Pantry
  • Recirculated Exhaust Fan
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Front Basement Entry

Home Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio

Schools

  • Clinton Elementary School
  • S Mountain Middle School
  • Columbia High School

Utilities

  • Zoned Cooling
  • Multiple Heating Units
  • Standard Electricity
  • Water Filtration System

Listing and Financial Details

  • Assessor Parcel Number 1611-00026-0005-00124-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,407

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1923
  • Year Built Description: Approximate
  • County Name: Essex
  • Exclusions: Front Foyer Light and Dining Room Chandelier
  • Renovated Year: 2015
  • Street Number Display: 553
  • Directions: Prospect Street, to Elmwood Ave then left onto Summit Avenue
  • I D: 4752379
  • Modified: 2021-09-23
  • Number Images: 25
  • First Name: KAREN
  • First Name3: KAREN
  • Last Name: FOLEY
  • Last Name3: FOLEY
  • Office Phone: 973-335-5700
  • Office Phone3: 973-335-5700
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2015

Interior Features

  • Flooring: Vinyl-Linoleum
  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Refrigerator, CookGas, Washer, Water Filter, Dishwasher, Kitchen Exhaust Fan, Dryer
  • Interior Amenities: Bar-Dry, Walk-In Closet, Security System, Fire Extinguisher, Shades, Smoke Detector
  • Number Rooms: 10
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Third
  • Primary Bathroom Features: Stall Shower, Jetted Tub
  • Bathrooms: 3.20
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Walkout, Finished, Full
  • Basement Level Rooms: Laundry Room, Walkout, Bath(s) Other, Rec Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Kitchen Area: Center Island, Pantry
  • Kitchen Dim: 16x12
  • Kitchen Level: First
  • Living Room Dim: 25x13
  • Living Room Level: First
  • Other Room 1: Rec Room
  • Other Room1 Dim: 30x12
  • Other Room1 Level: Basement
  • Other Room 2: Laundry Room
  • Other Room2 Level: Basement
  • Other Room 3: FamilyRm
  • Other Room3 Dim: 18x12
  • Other Room3 Level: Third
  • Level 1 Rooms: Foyer, Den, Living Room, Pantry, Dining Room, Entrance Vestibule, Bath(s) Other, Kitchen
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: 1 Bedroom, Attic, Bath Main, Family Room
  • Estimated Sq Ft: 4300
  • Phone: 973-376-8188

Exterior Features

  • Exterior Description: Clapboard
  • Exterior Features: Patio, Storm Door(s), Metal Fence, Storm Window(s), Deck, Thermal Windows/Doors
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: On-Street Parking, Garage Parking, Detached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 6
  • Parking Driveway Description: 1 Car Width, 2 Car Width, Blacktop, Off-Street Parking, On-Street Parking

Utilities

  • Cooling: Multi-Zone Cooling, Ceiling Fan
  • Fuel Type: Electric, Gas-Natural
  • Heating: 2 Units
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Schools

  • Elementary School: CLINTON
  • Middle School: S MOUNTAIN
  • High School: COLUMBIA
  • High School: COLUMBIA
  • Middle Jr High School: S MOUNTAIN

Lot Info

  • Lot Size: 50X200
  • Assessed Improvement Value: 388800
  • Assessed Land Value: 297500
  • Assessment: 686300
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 124
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.23

Rental Info

  • Pets Allowed: CatsOK, DogsOK, Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 20407
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1611-00026-0005-00124-0000-
  • Tax Rate Amount: 3.685
  • Tax Rate Tax: *
  • Tax Rate Year: 2016
  • Tax Year Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: CLINTON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2017
Closed on
Dec 12, 2017
Sold by
Stone Robert J and Powell-Stone Susan A
Bought by
Hatch Amy H and Hatch Bridget
Seller's Agent
Karen Foley
PROMINENT PROPERTIES SIR
Buyer's Agent
Karen Foley
PROMINENT PROPERTIES SIR
List Price
$895,000
Sold Price
$927,000
Premium/Discount to List
$32,000
3.58%
Current Estimated Value
$1,383,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$456,580
Avg. Annual Appreciation
6.02%
Original Mortgage
$527,000
Outstanding Balance
$441,083
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$1,010,034

Purchase Details

Closed on
Sep 17, 2007
Sold by
Fallon William and Fallon Kirsten
Bought by
Stone Robert J and Powell Stone Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 1995
Sold by
Cohen Richard
Bought by
Fallon William and Fallon Kirsten

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.33%
Source: Public Records

Range of Values:

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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
Hatch Amy H $927,000 --
Stone Robert J $735,000 None Available
Fallon William $183,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hatch Amy H $265,000
Open Hatch Amy H $527,000
Previous Owner Stone Robert J $652,000
Previous Owner Stone Robert J $119,500
Previous Owner Stone Robert J $588,000
Previous Owner Stone Robert J $36,750
Previous Owner Fallon William $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2017 12/12/17 Sold $927,000 +3.6% $216 / Sq Ft
10/23/2017 10/23/17 Pending -- -- --
10/09/2017 10/09/17 For Sale $895,000 -- $208 / Sq Ft
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 $26,115 $1,036,000 $453,900 $582,100
2024 $26,115 $1,036,000 $453,900 $582,100
2022 $25,465 $722,200 $297,500 $424,700
2021 $24,692 $722,200 $297,500 $424,700
2020 $23,991 $722,200 $297,500 $424,700
2019 $23,298 $722,200 $297,500 $424,700
2018 $21,570 $686,300 $297,500 $388,800
2017 $20,925 $686,300 $297,500 $388,800
2016 $20,408 $553,800 $265,000 $288,800
2015 $19,937 $553,800 $265,000 $288,800
2014 $19,516 $523,200 $265,000 $258,200
Source: Public Records

Agents Affiliated with this Home

  • Karen Foley

    Seller's Agent in 2017

    Karen Foley

    PROMINENT PROPERTIES SIR

    (973) 906-5021

    51 Total Sales

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Map

Source: Garden State MLS

MLS Number: 3423666

Garden State MLS

APN: 11-00026-05-00124

New Jersey Essex County Maplewood 07040

553 Summit Ave, Maplewood, NJ

This home is located at 553 Summit Ave, Maplewood, NJ 07040 since 09 October 2017 and is currently estimated at $1,451,117, approximately $337 per square foot. This property was built in 1923. 553 Summit Ave is a home located in Essex County with nearby schools including Clinton Elementary School, South Orange Middle School, and Columbia Senior High School.

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