NOT LISTED FOR SALE

59 Madison Ave Summit, NJ 07901

Estimated Value: $1,152,000 - $1,174,201

3 Beds
2 Baths
1,488 Sq Ft
$782/Sq Ft Est. Value

Sale Details

Date Sold: October 20, 2023

Last sale price $999,000 $671 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,231 / mo

5 Days on Market

About This Home

As of October 2023

This home is located at 59 Madison Ave, Summit, NJ 07901 since 14 August 2023 and is currently estimated at $1,164,050, approximately $782 per square foot. This property was built in 1950. 59 Madison 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.

Last Agent to Sell the Property

Tamar Vacca

COMPASS NEW JERSEY, LLC Brokerage Phone: 973-315-8180 Listed on: 08/14/2023

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

AMY BURAKOVSKY

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 10,019 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Year Built: 1950
  • County Name: Union
  • I D: 5239076
  • Attribution Contact: 973-315-8180
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 1.10

Lot Info

  • Lot Size: 58X173
  • Total Acres: 0.23

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
Aug 14, 2023
Closed on
Oct 13, 2023
Sold by
Bought by
Seller's Agent
Tamar Vacca
COMPASS NEW JERSEY, LLC
Buyer's Agent
AMY BURAKOVSKY
KELLER WILLIAMS REALTY
List Price
$899,000
Sold Price
$999,000
Premium/Discount to List
$100,000
11.12%
Views
54
Current Estimated Value
$1,164,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,050
Avg. Annual Appreciation
5.78%
Original Mortgage
$799,200
Outstanding Balance
$762,058
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$401,992

Purchase Details

Listed on
Jan 27, 2020
Closed on
Mar 28, 2020
Sold by
Bought by
Seller's Agent
Aisha Kaloshi
COLDWELL BANKER REALTY
List Price
$740,000
Sold Price
$742,500
Premium/Discount to List
$2,500
0.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.69%
Original Mortgage
$594,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2012
Closed on
Apr 30, 2012
Sold by
Bought by
Seller's Agent
DEAN SCALFANI
RE/MAX TOWN & VALLEY II
Buyer's Agent
Aisha Kaloshi
COLDWELL BANKER REALTY
Sold Price
$557,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.68%

Purchase Details

Closed on
Mar 27, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
6.24%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 15, 1996
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
7.62%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

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
$999,000 Acres Land Title
$999,000 Acres Land Title
$742,500 Old Republic Natl Ttl Ins Co
$557,500 --
$615,000 Chicago Title Insurance Co
$215,000 --
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 $799,200
Closed $799,200
Previous Owner $594,000
Previous Owner $123,000
Previous Owner $492,000
Previous Owner $193,500
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 Prior Sale
10/20/2023 10/20/23 Sold $999,000 +11.1% $671 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/16/2023 08/16/23 For Sale $899,000 +21.1% $604 / Sq Ft
03/31/2020 03/31/20 Sold $742,500 +0.3% $499 / Sq Ft View Prior Sale
02/07/2020 02/07/20 Pending -- -- --
01/27/2020 01/27/20 For Sale $740,000 +32.7% $497 / Sq Ft
05/01/2012 05/01/12 Sold $557,500 -- $375 / Sq Ft View Prior Sale
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
2025 $11,766 $270,100 $152,000 $118,100
2024 $10,385 $270,100 $152,000 $118,100
2023 $10,385 $240,000 $152,000 $88,000
2022 $10,279 $240,000 $152,000 $88,000
2021 $10,361 $240,000 $152,000 $88,000
2020 $10,464 $240,000 $152,000 $88,000
2019 $10,476 $240,000 $152,000 $88,000
2018 $10,409 $240,000 $152,000 $88,000
2017 $10,476 $240,000 $152,000 $88,000
2016 $10,322 $240,000 $152,000 $88,000
2015 $10,121 $240,000 $152,000 $88,000
2014 $9,859 $240,000 $152,000 $88,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tamar Vacca

    COMPASS NEW JERSEY, LLC

    (201) 693-1565

    40 Total Sales

    Tamar Vacca
    Section Image

  • A

    Buyer's Agent in 2023

    AMY BURAKOVSKY

    KELLER WILLIAMS REALTY

  • Aisha Kaloshi

    Seller's Agent in 2020

    Aisha Kaloshi

    COLDWELL BANKER REALTY

    (908) 361-0166

    24 Total Sales

    Aisha Kaloshi
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3859645

Garden State MLS

APN: 18-00801-0000-00019

New Jersey Union County Summit 07901

59 Madison Ave, Summit, NJ

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