NOT LISTED FOR SALE

58 Prospect Hill Ave Summit, NJ 07901

Estimated Value: $3,037,000 - $4,415,000

5 Beds
5.5 Baths
3,220 Sq Ft
$1,143/Sq Ft Est. Value

Last Sold August 02, 2018

Last sale price $2,436,665 $757 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $24,021/month

57 Days on Market

Highlights

  • Deck
  • Family Room with Fireplace
  • Wood Flooring
  • L C Johnson Summit Middle School Rated A+
  • Recreation Room
  • Tudor Architecture

About This Home

As of August 2018

Prime location, prime property, exquisite renovations and a warm comfortable home all in one! New Cabri designer EIK Kitchen 2013 & rich architectural detail throughout. Fabulous yard! Spacious family room opens to fantastic outdoor entertaining terrace with built in grill and fireplace overlooking level immaculate rear property. 5 generous bedrooms all with their own bath including private master suite with fireplace & juliet balcony; luxurious master bath and dressing area. New windows, new bath, new kitchen, extensive new landscaping including retaining wall, level back yard with exterior lighting. Located in the heart of North Summit and renovated to perfection.

Last Agent to Sell the Property

CYNTHIA BAKER

LOIS SCHNEIDER REALTOR Listed on: 04/03/2018

Last Buyer's Agent

WINIFRED CAVAZINI

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,814

Year Built

  • Built in 1928

Lot Details

  • 0.57 Acre Lot
  • Sprinkler System
  • Property is zoned R-25

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Tudor Architecture
  • Slate Roof
  • Wood Siding
  • Tile

Interior Spaces

  • Sound System
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Storage Room
  • Utility Room
  • Finished Basement
  • Walk-Out Basement
  • Attic

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck

Schools

  • Lincoln-Hubbard Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Central Air
  • Multiple Heating Units
  • Radiator
  • Radiant Heating System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-03502-0000-00014-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,814

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Style: Tudor
  • Primary Style: Tudor
  • Subproperty Type: Single Family
  • Year Built: 1928
  • County Name: Union
  • Exclusions: pls see LBR
  • Renovated Year: 2013
  • Street Number Display: 58
  • Directions: Whittredge Avenue to Prospect Hill Avenue
  • I D: 4790662
  • Modified: 2021-09-23
  • Number Images: 25
  • Section Subdiv Development: North Summit
  • First Name: CYNTHIA
  • First Name3: WINIFRED
  • First Name4: ROSEMARY M
  • Last Name: BAKER
  • Last Name3: CAVAZINI
  • Last Name4: DANGLER
  • Office Phone: 908-376-2702
  • Office Phone3: 908-256-3044
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2013

Interior Features

  • Flooring: Carpeting, Stone, Tile, Wood
  • Fireplace Description: Bedroom 1, Family Room, Living Room
  • Number of Fireplaces: 3
  • Appliances: Carbon Monoxide Detector, Refrigerator, CookGas, Washer, Dishwasher, Self Cleaning Oven, Disposal, Dryer, Microwave Oven
  • Interior Amenities: StallShw, Walk-In Closet, Security System, Blinds, Fire Extinguisher, Carbon Monoxide Detector, Stereo System, Smoke Detector
  • Number Rooms: 13
  • Bedrooms: 5
  • Master Bedroom Desc: Fireplace, Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower, Soaking Tub
  • Bathrooms: 5.10
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Walkout, Finished
  • Basement Level Rooms: Laundry Room, Utility Room, Walkout, Storage Room, Bath(s) Other, Rec Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island
  • Kitchen Dim: 17x13
  • Kitchen Level: First
  • Living Room Dim: 20x14
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 15x12
  • Other Room1 Level: Third
  • Other Room 2: Library
  • Other Room2 Dim: 21x9
  • Other Room2 Level: First
  • Other Room 3: Breakfast
  • Other Room3 Dim: 15x10
  • Other Room3 Level: First
  • Other Room 4: Rec Room
  • Other Room4 Dim: 21x16
  • Other Room4 Level: Basement
  • Level 1 Rooms: Breakfast Room, Foyer, Office, Den, Living Room, Pantry, Dining Room, Powder Room, Family Room, Kitchen
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: 1 Bedroom, Attic, Bath(s) Other
  • Phone: 908-277-1398

Exterior Features

  • Exterior Description: Stucco, Wood
  • Exterior Features: Barbeque, Underground Lawn Sprinkler, Curbs, Deck, Thermal Windows/Doors
  • Roof Description: Slate

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 6
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

  • Cooling: Central Air, 4 Units
  • Fuel Type: OilAbIn, Gas-Natural
  • Heating: 3 Units, Radiant - Hot Water, Radiators - Hot Water, Radiators - Steam
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: Lincoln-Hubbard
  • Middle School: Summit MS
  • High School: Summit HS
  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 120X208
  • Assessed Improvement Value: 620600
  • Assessed Land Value: 451900
  • Assessment: 1072500
  • Easement: Unknown
  • Lot Identifier: 14
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.57
  • Zoning: R-25

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Street Number Tax: *
  • Tax Amount: 46814
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-03502-0000-00014-0000-
  • Tax Rate Amount: 4.365
  • Tax Rate Tax: *
  • Tax Rate Year: 2017
  • Tax Year Tax: *
  • Tax Year: 2017

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2018
Sold by
David M Torne
Bought by
Yeager Mark and Yeager Kathryn
Current Estimated Value
$3,681,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.9%

Purchase Details

Listed on
Apr 3, 2018
Closed on
Jul 19, 2018
Sold by
Trone David M and Trone Paula M
Bought by
Yeager Mark R and Yeager Kathryn
Seller's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
Buyer's Agent
WINIFRED CAVAZINI
PROMINENT PROPERTIES SIR
List Price
$2,730,000
Sold Price
$2,436,665
Premium/Discount to List
-$293,335
-10.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.06%

Purchase Details

Closed on
May 15, 2008
Sold by
Hanley Richard and Hanley Lauralyn Starre
Bought by
Trone David M and Trone Paula M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 2000
Sold by
Weadock Bryan and Weadock Elyse
Bought by
Hanley Richard and Hanley Lauralyn Starre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,230,750
Interest Rate
8.18%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 21, 1997
Sold by
Weadock Bryan and Weadock Elyse
Bought by
Weadock Bryan and Weadock Elyse

Purchase Details

Closed on
Aug 16, 1995
Sold by
Vicinelli Gaetano R and Vicinelli Susan
Bought by
Weadock Bryan and Weadock Elyse
Source: Public Records

Range of Values:

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Average Value
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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
Yeager Mark $2,436,665 --
Yeager Mark R $2,436,665 Simplicity Title Llc
Trone David M $2,800,000 None Available
Hanley Richard $1,641,000 --
Weadock Bryan -- --
Weadock Bryan $815,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yeager Mark R $500,000
Open Yeager Mark R $1,500,000
Closed Yeager Mark $1,000,000
Closed Yeager Mark --
Closed Yeager Mark R $1,000,000
Previous Owner Trone David M $2,100,000
Previous Owner Hanley Richard $1,230,750
Previous Owner Weadock Bryan $575,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2018 08/02/18 Sold $2,436,665 -10.7% $757 / Sq Ft
05/30/2018 05/30/18 Pending -- -- --
04/03/2018 04/03/18 For Sale $2,730,000 -- $848 / 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
2024 $46,407 $1,072,500 $451,900 $620,600
2023 $46,407 $1,072,500 $451,900 $620,600
2022 $45,935 $1,072,500 $451,900 $620,600
2021 $46,300 $1,072,500 $451,900 $620,600
2020 $46,761 $1,072,500 $451,900 $620,600
2019 $46,815 $1,072,500 $451,900 $620,600
2018 $46,514 $1,072,500 $451,900 $620,600
2017 $46,815 $1,072,500 $451,900 $620,600
2016 $46,128 $1,072,500 $451,900 $620,600
2015 $45,227 $1,072,500 $451,900 $620,600
2014 $44,058 $1,072,500 $451,900 $620,600
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    CYNTHIA BAKER

    LOIS SCHNEIDER REALTOR

  • W

    Buyer's Agent in 2018

    WINIFRED CAVAZINI

    PROMINENT PROPERTIES SIR

  • R

    Buyer Co-Listing Agent in 2018

    ROSEMARY M DANGLER

    PROMINENT PROPERTIES SIR

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Map

Source: Garden State MLS

MLS Number: 3458110

Garden State MLS

APN: 18-03502-0000-00014

New Jersey Union County Summit 07901

58 Prospect Hill Ave, Summit, NJ

This home is located at 58 Prospect Hill Ave, Summit, NJ 07901 since 03 April 2018 and is currently estimated at $3,681,114, approximately $1,143 per square foot. This property was built in 1928. 58 Prospect Hill 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.

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