NOT LISTED FOR SALE

56 Colt Rd Summit, NJ 07901

Summit Area

Estimated Value: $1,684,000 - $4,916,000

6 Beds
6 Baths
-- Sq Ft
0.44 Acre Lot

Sale Details

Date Sold: May 23, 2013

Last sale price $2,400,000

Est. 45% increase in value since last sale

Current estimated payment $23,045 / mo

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 $3,484,954. 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

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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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1984

Lot Details

  • 19,166 Sq Ft Lot

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1984

Lot Details

0.44 Acres

Listing Details

  • Year Built: 1984
  • County Name: Union
  • I D: 4283791
  • 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

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
May 23, 2013
Closed on
May 16, 2013
Sold by
Burke Theodore D and Smith Theresa A
Bought by
Seller's Agent
Maura Elia
PROMINENT PROPERTIES SIR
Buyer's Agent
Kim Cannon
PROMINENT PROPERTIES SIR
Sold Price
$2,400,000
Current Estimated Value
$3,484,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,084,954
Avg. Annual Appreciation
2.85%
Original Mortgage
$1,500,000
Outstanding Balance
$980,281
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,504,673

Purchase Details

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

  • Anita Vogel Real Estate Agent - Weichert Realtors, Montclair

    Anita Vogel

    Weichert Realtors, Montclair

    (862) 292-4859

    14 Total Sales

    2 in Summit

    $400,000 Price Range

    Anita Vogel
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  • Jesse Flowers Real Estate Agent - COLDWELL BANKER REALTY

    Jesse Flowers

    COLDWELL BANKER REALTY

    (908) 913-7468

    44 Total Sales

    1 in Summit

    $815,000 Price

    Jesse Flowers
     Section Image
  • Steph Mahon Real Estate Agent - Compass New Jersey

    Steph Mahon

    Compass New Jersey

    (833) 669-4351

    79 Total Sales

    2 in Summit

    $420K - $1.6M Price Range

    Steph Mahon
     Section Image
  • Mackenson Bonnet Real Estate Agent - WEICHERT REALTORS

    Mackenson Bonnet

    WEICHERT REALTORS

    (862) 272-3446

    61 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

    76 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

    28 Total Sales

    2 in Summit

    $950K - $1.3M Price Range

    Wendy Dessanti
     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
$2,400,000 Stewart Title Guaranty Co
Burke Theodore D $1,100,000 First American 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 $1,500,000
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
05/23/2013 05/23/13 Sold $2,400,000 -- --
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 $46,910 $1,049,200 $331,100 $718,100
2025 $46,910 $1,049,200 $331,100 $718,100
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

  • ME

    Seller's Agent in 2013

    Maura Elia

    PROMINENT PROPERTIES SIR

    (908) 273-8808

    12 Total Sales

    Maura Elia
    Section Image
  • Kim Cannon Real Estate Agent - PROMINENT PROPERTIES SIR

    Buyer's Agent in 2013

    Kim Cannon

    PROMINENT PROPERTIES SIR

    (609) 947-4493

    135 Total Sales

    Kim Cannon
    Section Image
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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

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