NOT LISTED FOR SALE

61 Hobart Ave Summit, NJ 07901

Estimated Value: $2,630,000 - $3,143,000

6 Beds
4 Baths
3,589 Sq Ft
$789/Sq Ft Est. Value

Last Sold May 01, 2015

Last sale price $1,570,000 $437 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $18,375/month

About This Home

As of May 2015

This home is located at 61 Hobart Ave, Summit, NJ 07901 since 01 May 2015 and is currently estimated at $2,831,305, approximately $788 per square foot. This property was built in 1908. 61 Hobart 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 Listed By

SANDRA P LONG

LOIS SCHNEIDER REALTOR Brokerage Phone: 908-277-1398 Listed on: 05/01/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,241

Year Built

  • Built in 1908

Lot Details

  • 10,411

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,241

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Year Built: 1908
  • County Name: Union
  • Street Number Display: 61
  • I D: 4511804
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 908-277-1398
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Bathrooms: 3.20

Lot Info

  • Lot Size: 52X200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2023
Sold by
Merritt Raymond William and Merritt Anne R
Bought by
Gibson Ralph and Merritt Raymond William
Total Days on Market
0
Current Estimated Value
$2,831,305

Purchase Details

Closed on
Mar 21, 2023
Sold by
Merritt Raymond William
Bought by
Merritt Raymond William and Merritt Anne R

Purchase Details

Listed on
May 1, 2015
Closed on
Apr 29, 2015
Sold by
Thomas Stephen F and Thomas Heather E
Bought by
Merritt Raymond William
Seller's Agent
SANDRA P LONG
LOIS SCHNEIDER REALTOR
Buyer's Agent
Annemarie Cahill
PROMINENT PROPERTIES SIR
Sold Price
$1,570,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.24%
Original Mortgage
$1,675,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2007
Sold by
Wesson David H and Wesson Breene F
Bought by
Thomas Stephen F and Thomas Heather E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,248,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2001
Sold by
Norton Negley
Bought by
Wesson David and Wesson Brene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.13%

Purchase Details

Closed on
Aug 28, 2000
Sold by
Hurler Joseph and Lane Alice
Bought by
Negley Franks Suzanne and Negley Norton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,500
Interest Rate
7.84%
Mortgage Type
Unknown

Range of Values:

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

Date Buyer Sale Price Title Company
Gibson Ralph $2,495,000 Prestige Title
Merritt Raymond William -- --
Merritt Raymond William $1,570,000 None Available
Thomas Stephen F $1,560,000 Couch Braunsdorf Title Inc
Wesson David $1,020,000 --
Negley Franks Suzanne $990,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merritt Raymond William $1,675,000
Previous Owner Merritt Raymond William $1,675,000
Previous Owner Thomas Stephen F $1,100,000
Previous Owner Thomas Stephen F $1,248,000
Previous Owner Wesson David H $1,100,000
Previous Owner Wesson David H $887,500
Previous Owner Wesson David $700,000
Previous Owner Franks Suzanne $792,000
Previous Owner Norton Negley $92,500
Previous Owner Negley Franks Suzanne $650,000
Previous Owner Hurler Joseph $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2015 05/01/15 Sold $1,570,000 -- $437 / 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 $31,241 $722,000 $207,800 $514,200
2023 $31,241 $722,000 $207,800 $514,200
2022 $30,923 $722,000 $207,800 $514,200
2021 $31,169 $722,000 $207,800 $514,200
2020 $31,479 $722,000 $207,800 $514,200
2019 $30,673 $702,700 $207,800 $494,900
2018 $26,430 $609,400 $207,800 $401,600
2017 $26,600 $609,400 $207,800 $401,600
2016 $26,210 $609,400 $207,800 $401,600
2015 $25,698 $609,400 $207,800 $401,600
2014 $25,034 $609,400 $207,800 $401,600
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    SANDRA P LONG

    LOIS SCHNEIDER REALTOR

  • Annemarie Cahill

    Buyer's Agent in 2015

    Annemarie Cahill

    PROMINENT PROPERTIES SIR

    (908) 397-8785

    11 in this area

    17 Total Sales

    Annemarie Cahill
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3201221

Garden State MLS

APN: 18-02611-0000-00005

New Jersey Union County Summit 07901

61 Hobart Ave, Summit, NJ

Homes for Sale in Summit, NJ

This home is located at 61 Hobart Ave, Summit, NJ 07901 since 01 May 2015 and is currently estimated at $2,831,305, approximately $788 per square foot. This property was built in 1908. 61 Hobart 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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