$291,713
SOLD FEB 28, 2025

57 Summit Dr Tabernacle, NJ 08088

3 Beds
1 Bath
1,412 Sq Ft
1 Acres

Recently Sold

$207 Per Sq Ft

7% Below List Price

45 Days on Market

Highlights

  • No HOA
  • Central Air
  • Back Up Electric Heat Pump System
  • Shawnee High School Rated A-

About This Home

As of February 2025

HUD Home. Year Built 1972, LBP is required for all properties built before 1978. Sold "AS IS" by electronic bid only. Prop avail 9/20/2024. Bids due daily until sold. FHA Case #351-603684. Insured w Escrow Repairs. Eligible for FHA 203K. Financing Terms: FHA 203K, FHA 203B, Cash or Conventional Finance. This home falls in the USDA approved area subject to USDA underwriting rules for escrowed repairs. With a little elbow grease this spacious bi-level with full basement can be your home. Property has hard wood flooring under the carpet. Kitchen is open floor plan to customize the way you want. Full basement is wide open to add a family room, bathroom, additional bedrooms or other entertainment/game room. Close to Shopping, transportation, schools and parks.. Don't miss out on the opportunity. Buyer to verify all information prior to bidding. Go to website for more information or to place a bid. Buyer is responsible for their own investigative information on SqFt of home, Room Sizes, Bathroom counts, taxes and all other information regarding this home. This home is a AS-IS Sale with buyer being responsible for all inspections and repairs including CO, final water and sewer and other township inspections. Availability and status of sale type are subject to change at any time.
Buyer must be an owner occupant purchaser. Buyer choses their own lender. See attached addendum & Disclosures in hudhomestore. For additional information contact the agent of your choice or click Agent tab you feel would have the most information in requested information. This home may be subject to the updated NJ Rules regarding Septic/Cesspool Regulations and will be Buyers responsibility.

Last Agent to Sell the Property

Kevin Wallace

MLS Direct License #RM422746 Listed on: 09/20/2024

Last Buyer's Agent

Alexander Berila

Tesla Realty Group LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,543

Year Built

  • Built in 1972

Lot Details

  • 1 Acre Lot

Home Design

  • Block Foundation
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 1,412 Sq Ft Home
  • Property has 2 Levels
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Well
  • Electric Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00008 01
  • Assessor Parcel Number 35-00302-00008 01

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,543

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bi-Level
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-09-20
  • Year Built: 1972
  • Automatically Close On Close Date: No
  • Remarks Public: HUD Home. Year Built 1972, LBP is required for all properties built before 1978. Sold "AS IS" by electronic bid only. Prop avail 9/20/2024. Bids due daily until sold. FHA Case #351-603684. Insured w Escrow Repairs. Eligible for FHA 203K. Financing Terms: FHA 203K, FHA 203B, Cash or Conventional Finance. This home falls in the USDA approved area subject to USDA underwriting rules for escrowed repairs. With a little elbow grease this spacious bi-level with full basement can be your home. Property has hard wood flooring under the carpet. Kitchen is open floor plan to customize the way you want. Full basement is wide open to add a family room, bathroom, additional bedrooms or other entertainment/game room. Close to Shopping, transportation, schools and parks.. Don't miss out on the opportunity. Buyer to verify all information prior to bidding. Go to website for more information or to place a bid. Buyer is responsible for their own investigative information on SqFt of home, Room Sizes, Bathroom counts, taxes and all other information regarding this home. This home is a AS-IS Sale with buyer being responsible for all inspections and repairs including CO, final water and sewer and other township inspections. Availability and status of sale type are subject to change at any time. Buyer must be an owner occupant purchaser. Buyer choses their own lender. See attached addendum & Disclosures in hudhomestore. For additional information contact the agent of your choice or click Agent tab you feel would have the most information in requested information. This home may be subject to the updated NJ Rules regarding Septic/Cesspool Regulations and will be Buyers responsibility.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Block, Slab
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1412
  • Living Area Sq Ft: 1412
  • Price Per Sq Ft: 223.09
  • Above Grade Finished Sq Ft: 1412
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 57

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Block
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: TABERNACLE TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396955
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 1.00
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 43560.00
  • Year Assessed: 2023
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5543.00
  • Assessor Parcel Number: 35-00302-00008 01
  • Tax Lot: 00008 01
  • Tax Total Finished Sq Ft: 1412
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 02/28/2025

MLS Schools

  • School District Name: TABERNACLE TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2024
Closed on
Feb 25, 2025
Sold by
Secretary Of Housing And Urban Developme
Bought by
Golden Bison Investments Llc
Seller's Agent
Kevin Wallace
MLS Direct
Buyer's Agent
Alexander Berila
Tesla Realty Group LLC
List Price
$315,000
Sold Price
$291,713
Premium/Discount to List
-$23,287
-7.39%
Views
76

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.58%
Original Mortgage
$297,900
Outstanding Balance
$297,650
Interest Rate
6.89%
Mortgage Type
Construction
Estimated Equity
$23,417

Purchase Details

Closed on
Mar 2, 2024
Sold by
Staples Janet Marie and Dyremose Patricia Ann
Bought by
Secretary Of Housing And Urban Development
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $291,713 Foundation Title
Deed In Lieu Of Foreclosure -- Vantage Point Title
Deed In Lieu Of Foreclosure $143,790 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $297,900 Construction
Previous Owner $60,000 Credit Line Revolving
Previous Owner $95,000 Unknown
Previous Owner $98,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Price Changed $464,900 -1.1% $221 / Sq Ft
06/29/2025 06/29/25 Price Changed $469,900 -1.9% $224 / Sq Ft
06/13/2025 06/13/25 For Sale $479,000 +64.2% $228 / Sq Ft
02/28/2025 02/28/25 Sold $291,713 -7.4% $207 / Sq Ft
11/05/2024 11/05/24 Pending -- -- --
10/28/2024 10/28/24 For Sale $315,000 0.0% $223 / Sq Ft
10/23/2024 10/23/24 Pending -- -- --
09/20/2024 09/20/24 For Sale $315,000 -- $223 / Sq Ft
Source: Bright 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 $5,543 $182,700 $55,000 $127,700
2023 $5,543 $182,700 $55,000 $127,700
2022 $5,375 $182,700 $55,000 $127,700
2021 $4,738 $182,700 $55,000 $127,700
2020 $5,541 $182,700 $55,000 $127,700
2019 $5,375 $182,700 $55,000 $127,700
2018 $5,276 $182,700 $55,000 $127,700
2017 $4,993 $182,700 $55,000 $127,700
2016 $4,831 $182,700 $55,000 $127,700
2015 $4,787 $182,700 $55,000 $127,700
2014 $4,588 $182,700 $55,000 $127,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJBL2073110

Bright MLS

APN: 35-00302-0000-00008-01