NOT LISTED FOR SALE

61 Madison Ave Summit, NJ 07901

Estimated Value: $852,000 - $1,064,000

3 Beds
2 Baths
1,464 Sq Ft
$644/Sq Ft Est. Value

Last Sold July 27, 2023

Last sale price $875,000 $598 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,136/month

7 Days on Market

About This Home

As of July 2023

This home is located at 61 Madison Ave, Summit, NJ 07901 since 21 June 2023 and is currently estimated at $942,380, approximately $643 per square foot. This property was built in 1950. 61 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

Angela Bitici

COLDWELL BANKER REALTY Brokerage Phone: 908-522-1800 Listed on: 06/21/2023

COLDWELL BANKER REALTY

Co-Listed By

Aisha Kaloshi

COLDWELL BANKER REALTY Brokerage Phone: 908-522-1800

Last Buyer's Agent

Anne Quinn

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,363

Year Built

  • Built in 1950

Lot Details

  • 6,098 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,363

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Year Built: 1950
  • County Name: Union
  • Street Number Display: 61
  • I D: 5228490
  • Modified: 2024-07-28
  • Number Images: 1
  • Attribution Contact: 908-522-1800
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 1.10

Lot Info

  • Lot Size: 70X90
  • Total Acres: 0.14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2023
Closed on
Jul 26, 2023
Sold by
Pappusamy Elangovan and Pappusamy Devasena
Bought by
Adhikary Sudip and Adhikary Moumita S
Seller's Agent
Angela Bitici
COLDWELL BANKER REALTY
Buyer's Agent
Anne Quinn
COLDWELL BANKER REALTY
List Price
$779,000
Sold Price
$875,000
Premium/Discount to List
$96,000
12.32%
Current Estimated Value
$954,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,594
Avg. Annual Appreciation
5.53%
Original Mortgage
$700,000
Interest Rate
7.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 3, 2018
Closed on
May 31, 2019
Sold by
Mcinerney Eugene and Mcinerney Alyssa
Bought by
Elangovan Pappusamy and Elangovan Devasena
Seller's Agent
PATRICIA PERTUSI
TURPIN REAL ESTATE, INC.
Buyer's Agent
Ava Kascel
CHRISTIE'S INT. REAL ESTATE GROUP
List Price
$695,000
Sold Price
$630,000
Premium/Discount to List
-$65,000
-9.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.30%
Original Mortgage
$598,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2006
Sold by
Mischel Andrew
Bought by
Mcinerney Eugene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 9, 2003
Sold by
Bernstein Cynthia
Bought by
Mischel Andrew and Mischel Stacey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,200
Interest Rate
5.77%

Purchase Details

Closed on
May 3, 2000
Sold by
Griffin Kelleen H
Bought by
Bernstein Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.1%

Purchase Details

Closed on
Nov 15, 1995
Sold by
Bradley Scott and Salz Bradley Lezli
Bought by
Griffin Kelleen H
Source: Public Records

Range of Values:

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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
Adhikary Sudip $875,000 Realsafe Title
Elangovan Pappusamy $630,000 Acres Land Title Agency Inc
Mcinerney Eugene $614,000 --
Mischel Andrew $464,000 --
Bernstein Cynthia $344,500 Chicago Title Insurance Co
Griffin Kelleen H $216,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adhikary Sudip $700,000
Previous Owner Pappusamy Elangovan $106,900
Previous Owner Pappusamy Elangovan $591,000
Previous Owner Elangovan Pappusamy $598,500
Previous Owner Mcinerney Eugene $88,000
Previous Owner Mcinerney Eugene $417,000
Previous Owner Mcinerney Eugene $417,000
Previous Owner Mischel Andew B $40,000
Previous Owner Mischel Andrew $371,200
Previous Owner Bernstein Cynthia $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2023 07/27/23 Sold $875,000 +12.3% $598 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $779,000 +23.7% $532 / Sq Ft
06/13/2019 06/13/19 Sold $630,000 -9.4% $430 / Sq Ft
04/12/2019 04/12/19 Pending -- -- --
12/03/2018 12/03/18 For Sale $695,000 -- $475 / 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 $10,363 $239,500 $139,500 $100,000
2023 $10,363 $239,500 $139,500 $100,000
2022 $10,258 $239,500 $139,500 $100,000
2021 $10,339 $239,500 $139,500 $100,000
2020 $10,442 $239,500 $139,500 $100,000
2019 $10,454 $239,500 $139,500 $100,000
2018 $10,387 $239,500 $139,500 $100,000
2017 $10,454 $239,500 $139,500 $100,000
2016 $10,301 $239,500 $139,500 $100,000
2015 $10,100 $239,500 $139,500 $100,000
2014 $9,839 $239,500 $139,500 $100,000
Source: Public Records

Agents Affiliated with this Home

  • Angela Bitici

    Seller's Agent in 2023

    Angela Bitici

    COLDWELL BANKER REALTY

    (917) 250-8387

    7 in this area

    12 Total Sales

    Section Image
  • Aisha Kaloshi

    Seller Co-Listing Agent in 2023

    Aisha Kaloshi

    COLDWELL BANKER REALTY

    (908) 361-0166

    13 in this area

    23 Total Sales

    Section Image
  • Anne Quinn

    Buyer's Agent in 2023

    Anne Quinn

    COLDWELL BANKER REALTY

    (908) 433-0972

    3 in this area

    27 Total Sales

    Section Image

  • P

    Seller's Agent in 2019

    PATRICIA PERTUSI

    TURPIN REAL ESTATE, INC.

  • Ava Kascel

    Buyer's Agent in 2019

    Ava Kascel

    CHRISTIE'S INT. REAL ESTATE GROUP

    (201) 600-5485

    4 in this area

    56 Total Sales

    Section Image
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Map

Source: Garden State MLS

MLS Number: 3850428

Garden State MLS

APN: 18-00801-0000-00001

New Jersey Union County Summit 07901

61 Madison Ave, Summit, NJ

This home is located at 61 Madison Ave, Summit, NJ 07901 since 21 June 2023 and is currently estimated at $942,380, approximately $643 per square foot. This property was built in 1950. 61 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.

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