NOT LISTED FOR SALE

62 Park Ave Unit 501 Summit, NJ 07901

Estimated Value: $753,000 - $907,000

3 Beds
2.5 Baths
-- Sq Ft
0.3 Acres

Last Sold October 27, 2022

Last sale price $635,000

Est. 29% increase in value since last sale

Current estimated payment $5,384/month

7 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • Formal Dining Room
  • L C Johnson Summit Middle School Rated A+
  • Great Room with Fireplace
  • 5-minute walk to Edison Recreation Center

About This Home

As of October 2022

This Brayton School District home checks all the boxes. The first floor features a well appointed Kitchen that opens to a sun filled Great Room with wood burning fireplace and sliders to access the expansive rear Patio and large level Yard. A separate Dining Room, Foyer, Powder Room, Laundry Room, and attached one car Garage complete the first level. On the second floor, the Primary Suite will not disappoint with Walk in Closet, high ceilings, and an en suite Bath. Two additional Bedrooms and a Hall Bath provide valued additional space upstairs. The lower level is finished nicely with high ceilings and plenty of room for recreation and play. The Property enjoys high ceilings, recessed lighting, substantial crown molding, and gleaming wood floors throughout. You will be delighted with this home, a true value with all that the community of Summit has to offer.

Last Agent to Sell the Property

KRISTEN PIEROTTI

PROMINENT PROPERTIES SIR Brokerage Phone: 201-280-8907 Listed on: 09/09/2022

Co-Listed By

JILL BRAY

PROMINENT PROPERTIES SIR Brokerage Phone: 201-280-8907

Last Buyer's Agent

TAMMY LI

LIBERTY REALTY, LLC.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,756

Year Built

  • Built in 2004

Lot Details

  • 0.3

Parking

  • 1 Car Attached Garage
  • Inside Entrance
  • Private Driveway
  • Additional Parking

Home Design

  • Half Duplex
  • Vinyl Siding
  • Tile

Interior Spaces

  • High Ceiling
  • Wood Burning Fireplace
  • Shades
  • Blinds
  • Entrance Foyer
  • Great Room with Fireplace
  • Formal Dining Room
  • Breakfast Bar

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Garage Access
  • French Drain

Home Security

Outdoor Features

  • Patio

Schools

  • Brayton Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-04005-0000-00005-0001-
  • Tax Block *

Community Details

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,756

Year Built

Built in 2004

Lot Details

0

Parking

1

Listing Details

  • Style: 1/2 Duplex, Multi Floor Unit, Townhouse-End Unit
  • Primary Style: 1/2 Duplex
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 2004
  • Year Built Description: Approximate
  • County Name: Union
  • Street Number Display: 62
  • Directions: Springfield Ave to Park Ave
  • I D: 5174799
  • Modified: 2023-10-28
  • Number Images: 20
  • Section Subdiv Development: Brayton School
  • First Name: KRISTEN
  • First Name2: JILL
  • First Name3: TAMMY
  • Last Name: PIEROTTI
  • Last Name2: BRAY
  • Last Name3: LI
  • Office Phone: 908-273-8808
  • Attribution Contact: 201-280-8907
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Great Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: CookGas, Disposal, Dryer, Refrigerator, Washer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Shades, Smoke Detector, StallShw, TubShowr, Walk-In Closet, Window Treatments
  • Number Rooms: 7
  • Bedrooms: 3
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, French Drain
  • Basement Level Rooms: Laundry Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar
  • Kitchen Dim: 12x11
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Rec Room
  • Other Room1 Dim: 23x21
  • Other Room1 Level: Basement
  • Other Room 2: Great Room
  • Other Room2 Dim: 23x13
  • Other Room2 Level: First
  • Other Room 3: Great Room
  • Other Room3 Dim: 7x7
  • Other Room3 Level: First
  • Other Room 4: Foyer
  • Other Room4 Dim: 7x5
  • Other Room4 Level: First
  • Level 1 Rooms: Foyer, GarEnter, Great Room, Kitchen, Laundry Room, Powder Room, Walkout
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Patio
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, InEntrnc
  • Number Garage Spaces: 1
  • Number Parking Spaces: 2
  • Parking Driveway Description: Additional Parking, Blacktop, Driveway-Exclusive

Utilities

  • Cooling: 1 Unit
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: Brayton
  • Middle School: Summit MS
  • High School: Summit HS
  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: .306
  • Assessed Improvement Value: 139700
  • Assessed Land Value: 86300
  • Assessment: 226000
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 5.01
  • Lot I D Tax: *
  • Lot Size Tax: *

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 9756
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-04005-0000-00005-0001-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.317
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: Brayton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2022
Closed on
Oct 17, 2022
Sold by
Stefanelli Michael D and Stefanelli Olivia D
Bought by
Li Caleb and Li Gladys
Seller's Agent
KRISTEN PIEROTTI
PROMINENT PROPERTIES SIR
Buyer's Agent
TAMMY LI
LIBERTY REALTY, LLC.
List Price
$575,000
Sold Price
$635,000
Premium/Discount to List
$60,000
10.43%
Total Days on Market
7
Current Estimated Value
$820,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,212
Avg. Annual Appreciation
8.17%
Original Mortgage
$508,000
Outstanding Balance
$492,751
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$290,462

Purchase Details

Listed on
Feb 18, 2017
Closed on
May 9, 2017
Sold by
Reyes Javier A and Terrassa River Andrea
Bought by
Stefanelli Michael D and Stefanelli Olivia
Seller's Agent
PATRICIA CULNEN
WEICHERT REALTORS
Buyer's Agent
Michele DiBenedetto
BHHS FOX & ROACH
List Price
$575,000
Sold Price
$555,000
Premium/Discount to List
-$20,000
-3.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.50%
Original Mortgage
$499,500
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 10, 2009
Sold by
Yasnowski John and Yasnowski Bernice
Bought by
Reyes Javier A and Terrassa Rivera Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
5.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2004
Sold by
Beaconville Bldrs Llc
Bought by
Yasnowski John and Phillips Bernice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,100
Interest Rate
5.89%
Source: Public Records

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Range of Values:

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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
Li Caleb $635,000 American Land Title
Stefanelli Michael D $555,000 None Available
Reyes Javier A $440,000 None Available
Yasnowski John $365,450 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Caleb $508,000
Previous Owner Stefanelli Michael D $499,500
Previous Owner Reyes Javier R $340,000
Previous Owner Reyes Javier A $380,000
Previous Owner Reyes Javier A $396,000
Previous Owner Yasnowski John $50,000
Previous Owner Yasnowski John $323,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2022 10/27/22 Sold $635,000 +10.4% --
09/16/2022 09/16/22 Pending -- -- --
09/09/2022 09/09/22 For Sale $575,000 +3.6% --
05/12/2017 05/12/17 Sold $555,000 -3.5% --
03/28/2017 03/28/17 Pending -- -- --
02/18/2017 02/18/17 For Sale $575,000 -- --
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 $9,779 $226,000 $86,300 $139,700
2023 $9,779 $226,000 $86,300 $139,700
2022 $9,756 $226,000 $86,300 $139,700
2021 $9,865 $226,000 $86,300 $139,700
2020 $9,854 $226,000 $86,300 $139,700
2019 $9,865 $226,000 $86,300 $139,700
2018 $9,802 $226,000 $86,300 $139,700
2017 $9,865 $226,000 $86,300 $139,700
2016 $9,720 $226,000 $86,300 $139,700
2015 $9,530 $226,000 $86,300 $139,700
2014 $9,284 $226,000 $86,300 $139,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3806571

Garden State MLS

APN: 18-04005-0000-00005-01