NOT LISTED FOR SALE

56 Park Ave Summit, NJ 07901

Estimated Value: $803,945

Studio
-- Bath
1,731 Sq Ft
$464/Sq Ft Est. Value

About This Home

This home is located at 56 Park Ave, Summit, NJ 07901 and is currently estimated at $803,945, approximately $464 per square foot. 56 Park Ave is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Kent Place School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2024
Sold by
Gonzalez Efrain R and Lldia Suzy
Bought by
Summit Properties Investment Llc
Current Estimated Value
$803,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,282,500
Outstanding Balance
$1,259,793
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
-$455,848
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

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Summit Properties Investment Llc $650,000 Ridge Title
Summit Properties Investment Llc $650,000 Ridge Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Summit Properties Investment Llc $1,282,500
Closed Summit Properties Investment Llc $1,282,500
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 $10,437 $239,600 $78,700 $160,900
2024 $10,367 $239,600 $78,700 $160,900
2023 $10,367 $239,600 $78,700 $160,900
2022 $10,262 $239,600 $78,700 $160,900
2021 $10,344 $239,600 $78,700 $160,900
2020 $10,447 $239,600 $78,700 $160,900
2019 $10,459 $239,600 $78,700 $160,900
2018 $10,391 $239,600 $78,700 $160,900
2017 $10,459 $239,600 $78,700 $160,900
2016 $10,305 $239,600 $78,700 $160,900
2015 $10,104 $239,600 $78,700 $160,900
2014 $9,843 $239,600 $78,700 $160,900
Source: Public Records

Map

New Jersey Union County Summit 07901

56 Park Ave, Summit, NJ

Not Listed for Sale

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