NOT LISTED FOR SALE

62 Park Ave Unit 501 Summit, NJ 07901

Estimated Value: $799,000 - $914,000

3 Beds
3 Baths
-- Sq Ft
0.3 Acres

Last Sold October 27, 2022

Last sale price $635,000

Est. 34% increase in value since last sale

Current estimated payment $5,337/month

7 Days on Market

About This Home

As of October 2022

This home is located at 62 Park Ave Unit 501, Summit, NJ 07901 since 09 September 2022 and is currently estimated at $851,975. This property was built in 2004. 62 Park Ave Unit 501 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

KRISTEN PIEROTTI

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808 Listed on: 09/09/2022

Co-Listed By

JILL BRAY

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808

Last Buyer's Agent

TAMMY LI

LIBERTY REALTY, LLC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,845

Year Built

  • Built in 2004

Lot Details

  • 0.3

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,845

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Year Built: 2004
  • County Name: Union
  • Street Number Display: 62
  • I D: 5174799
  • Modified: 2025-07-21
  • Number Images: 1
  • Attribution Contact: 908-273-8808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.10

Lot Info

  • Lot Size: .306

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%
Current Estimated Value
$851,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,975
Avg. Annual Appreciation
10.59%
Original Mortgage
$508,000
Outstanding Balance
$487,842
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$364,133

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

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
Li Caleb $635,000 American Land Title
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
Closed Li Caleb $508,000
Previous Owner Stefanelli Michael D $499,500
Previous Owner Reyes Javier A $396,000
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
2025 $9,845 $226,000 $86,300 $139,700
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

  • K

    Seller's Agent in 2022

    KRISTEN PIEROTTI

    PROMINENT PROPERTIES SIR

  • J

    Seller Co-Listing Agent in 2022

    JILL BRAY

    PROMINENT PROPERTIES SIR

  • T

    Buyer's Agent in 2022

    TAMMY LI

    LIBERTY REALTY, LLC.

  • P

    Seller's Agent in 2017

    PATRICIA CULNEN

    WEICHERT REALTORS

  • C

    Seller Co-Listing Agent in 2017

    CINDY HERMAN JAMES

    WEICHERT REALTORS

  • Michele DiBenedetto

    Buyer's Agent in 2017

    Michele DiBenedetto

    BHHS FOX & ROACH

    (908) 432-5603

    3 in this area

    88 Total Sales

    Michele DiBenedetto
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Map

Source: Garden State MLS

MLS Number: 3806571

Garden State MLS

APN: 18-04005-0000-00005-01

New Jersey Union County Summit 07901

62 Park Ave Unit 501, Summit, NJ

This home is located at 62 Park Ave Unit 501, Summit, NJ 07901 since 09 September 2022 and is currently estimated at $851,975. This property was built in 2004. 62 Park Ave Unit 501 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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