NOT LISTED FOR SALE

56 Colt Rd Summit, NJ 07901

Estimated Value: $2,548,965 - $3,528,000

6 Beds
6 Baths
-- Sq Ft
0.44 Acres

Last Sold May 23, 2013

Last sale price $2,400,000

Est. 23% increase in value since last sale

Current estimated payment $20,401/month

About This Home

As of May 2013

This home is located at 56 Colt Rd, Summit, NJ 07901 since 23 May 2013 and is currently estimated at $2,960,322. This property was built in 1984. 56 Colt Rd 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

Maura Elia

PROMINENT PROPERTIES SIR Brokerage Phone: 908-522-1800 Listed on: 05/23/2013

Last Buyer's Agent

Kim Cannon

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,399

Year Built

  • Built in 1984

Lot Details

  • 0.44 Acre Lot

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,399

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Year Built: 1984
  • County Name: Union
  • Street Number Display: 56
  • I D: 4283791
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 908-522-1800
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Bathrooms: 5.10

Lot Info

  • Lot Size: 0.437
  • Total Acres: 0.44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2013
Closed on
May 16, 2013
Sold by
Burke Theodore D and Smith Theresa A
Bought by
Nicoletti Petr and Nicoletti Elena Grace
Seller's Agent
Maura Elia
PROMINENT PROPERTIES SIR
Buyer's Agent
Kim Cannon
PROMINENT PROPERTIES SIR
Sold Price
$2,400,000
Total Days on Market
0
Current Estimated Value
$2,960,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$560,322
Avg. Annual Appreciation
1.94%
Original Mortgage
$1,500,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 19, 1997
Sold by
Shallcross Howard and Shallcross Jane C
Bought by
Burke Theodore D and Smith Theresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
7.8%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Nicoletti Petr $2,400,000 Stewart Title Guaranty Co
Burke Theodore D $1,100,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicoletti Peter $2,006,250
Closed Nicoletti Peter S $1,334,200
Closed Nicoletti Peter $500,000
Closed Nicoletti Petr $1,500,000
Previous Owner Burke Theodore D $925,000
Previous Owner Burke Theodore D $880,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2013 05/23/13 Sold $2,400,000 -- --
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
2024 $45,399 $1,049,200 $331,100 $718,100
2023 $45,399 $1,049,200 $331,100 $718,100
2022 $44,937 $1,049,200 $331,100 $718,100
2021 $45,294 $1,049,200 $331,100 $718,100
2020 $45,745 $1,049,200 $331,100 $718,100
2019 $45,798 $1,049,200 $331,100 $718,100
2018 $45,504 $1,049,200 $331,100 $718,100
2017 $45,798 $1,049,200 $331,100 $718,100
2016 $45,126 $1,049,200 $331,100 $718,100
2015 $44,245 $1,049,200 $331,100 $718,100
2014 $43,101 $1,013,900 $331,100 $682,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Maura Elia

    PROMINENT PROPERTIES SIR

    (908) 273-8808

    12 in this area

    15 Total Sales

    Maura Elia
    Section Image
  • Kim Cannon

    Buyer's Agent in 2013

    Kim Cannon

    PROMINENT PROPERTIES SIR

    (609) 947-4493

    105 in this area

    159 Total Sales

    Kim Cannon
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3021476

Garden State MLS

APN: 18-05203-0000-00033

New Jersey Union County Summit 07901

56 Colt Rd, Summit, NJ

This home is located at 56 Colt Rd, Summit, NJ 07901 since 23 May 2013 and is currently estimated at $2,960,322. This property was built in 1984. 56 Colt Rd 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.

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