NOT LISTED FOR SALE

686 Springfield Ave Summit, NJ 07901

Estimated Value: $2,290,000 - $2,887,000

6 Beds
5 Baths
6,988 Sq Ft
$376/Sq Ft Est. Value

Last Sold April 16, 2018

Last sale price $1,750,000 $250 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $17,384/month

148 Days on Market

Highlights

  • 1.92 Acre Lot
  • Colonial Architecture
  • Wooded Lot
  • L C Johnson Summit Middle School Rated A+
  • Recreation Room
  • Wood Flooring

About This Home

As of April 2018

BRAND NEW CONSTRUCTION - ESTIMATED COMPLETION FEB -Approx 4400 sq ft (not incl finished LL) custom center hall colonial. Less than 1 mile to town. Great open floor plan with tremendous light throughout. Enter into foyer from covered porch or enjoy direct access from ground level garage/mudrm. Formal living and dining room (shaker style wainscoting), 9' ceilings and hardwood floors on 1st & 2nd levels. Kitchen complete with LARGE center island, quartz counter tops, Wolf range, s/s appliances, open to family room (gas fireplace and custom mantle) and gorgeous coffered ceiling with direct access out to patio and level yard. Bonus office on main level featuring pocket doors. Master ste incl a HUGE custom walk-in closet, tray ceiling and elegant bath.

Last Agent to Sell the Property

DIANE TERRY

KELLER WILLIAMS REALTY Listed on: 10/19/2017

Last Buyer's Agent

Kim Cannon

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,530

Year Built

  • Built in 2017 | Under Construction

Lot Details

  • 1.92 Acre Lot
  • Level Lot
  • Sprinkler System
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Stone Siding
  • Clapboard
  • Tile

Interior Spaces

  • 6,988 Sq Ft Home
  • High Ceiling
  • Gas Fireplace
  • Thermal Windows
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Family Room with entrance to outdoor space
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Storage Room
  • Laundry Room
  • Utility Room
  • Attic

Kitchen

  • Butlers Pantry
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 5 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Garage Access

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Porch

Schools

  • Franklin Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-02801-0000-00003-0002-

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,530

Year Built

Built in 2017 | Under Construction

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2017
  • Year Built Description: Under Construction
  • County Name: Union
  • Street Number Display: 686
  • Directions: Springfield Avenue - going west (towards Kings) after Pine Grove Avenue
  • I D: 4746697
  • Modified: 2021-09-23
  • Number Images: 24
  • First Name: DIANE
  • First Name3: KIM
  • Last Name: TERRY
  • Last Name3: CANNON
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Stone, Tile, Wood
  • Fireplace Description: Gas Fireplace, Family Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Dishwasher, Disposal, Kitchen Exhaust Fan, Microwave Oven
  • Interior Amenities: JacuzTyp, Walk-In Closet, Security System, StallTub, Fire Extinguisher, Carbon Monoxide Detector, High Ceilings, Smoke Detector
  • Number Rooms: 14
  • Bedrooms: 6
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower And Tub
  • Bathrooms: 5.00
  • Full Bathrooms: 5
  • Basement: Yes
  • Basement Description: Finished, Full
  • Basement Level Rooms: 1 Bedroom, Utility Room, Storage Room, Bath(s) Other, Rec Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Pantry
  • Kitchen Dim: 19x14
  • Kitchen Level: First
  • Living Room Dim: 12x13
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 21x15
  • Other Room1 Level: Second
  • Other Room 2: Breakfast
  • Other Room2 Dim: 13x14
  • Other Room2 Level: First
  • Other Room 3: Office
  • Other Room3 Dim: 12x14
  • Other Room3 Level: First
  • Other Room 4: Rec Room
  • Other Room4 Level: Basement
  • Level 1 Rooms: Breakfast Room, MudRoom, Foyer, Office, OutEntrn, GarEnter, Living Room, Pantry, Dining Room, Porch, Bath(s) Other, Family Room, Kitchen
  • Level 2 Rooms: Laundry Room, 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Attic
  • Estimated Sq Ft: 6988
  • Phone: 908-273-2991

Exterior Features

  • Exterior Description: Stone, Clapboard
  • Exterior Features: Underground Lawn Sprinkler, Patio, FencVnyl, Curbs, Open Porch(es), Thermal Windows/Doors
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

  • Cooling: Multi-Zone Cooling, 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Home Warranty: Yes

Schools

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

Lot Info

  • Easement: Unknown
  • Lot Description: Level Lot, Wooded Lot
  • Lot Identifier: 3.02
  • Total Acres: 1.92

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Assessor Parcel Number: 2918-02801-0000-00003-0002-
  • Tax Rate Amount: 4.301
  • Tax Rate Year: 2017
  • Tax Year: 2017

MLS Schools

  • Grade School: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2017
Closed on
Apr 16, 2018
Sold by
Sunsetdevelopers Sprinfield686 Llcg
Bought by
Cogan David and Cogan Christina
Seller's Agent
DIANE TERRY
KELLER WILLIAMS REALTY
Buyer's Agent
Kim Cannon
PROMINENT PROPERTIES SIR
List Price
$1,795,000
Sold Price
$1,750,000
Premium/Discount to List
-$45,000
-2.51%
Total Days on Market
148
Current Estimated Value
$2,626,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$876,469
Avg. Annual Appreciation
5.24%
Original Mortgage
$250,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 23, 2016
Closed on
Apr 7, 2017
Sold by
Rosen David M and Rosen Sarah A
Bought by
Sunset Developers Springfield 686 Llc
Seller's Agent
NANCY R BURROWS
LOIS SCHNEIDER REALTOR
List Price
$499,000
Sold Price
$420,660
Premium/Discount to List
-$78,340
-15.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
322.05%
Original Mortgage
$750,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 2002
Sold by
Rosen David M and Rosen Richard A
Bought by
Rosen David M and Rosen Sara A

Purchase Details

Closed on
Feb 20, 1998
Sold by
Prabhakar Bhoopalam and Prabhakar Nethravathi
Bought by
Rosen David M and Rosen Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.9%
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
Cogan David $1,750,000 Acres Land Title Agency Llc
Sunset Developers Springfield 686 Llc $427,500 Lakeland Title
Rosen David M -- --
Rosen David M $415,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cogan David $195,000
Closed Cogan David $250,000
Previous Owner Sunset Developers Springfield 686 Llc $750,000
Previous Owner Sunset Developers Springfield 686 Llc $750,000
Previous Owner Rosen David M $332,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2018 04/16/18 Sold $1,750,000 -2.5% $250 / Sq Ft
03/16/2018 03/16/18 Pending -- -- --
10/19/2017 10/19/17 For Sale $1,795,000 +326.7% $257 / Sq Ft
04/19/2017 04/19/17 Sold $420,660 -15.7% $134 / Sq Ft
03/22/2017 03/22/17 Pending -- -- --
09/23/2016 09/23/16 For Sale $499,000 -- $159 / 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 $32,530 $751,800 $216,200 $535,600
2023 $32,530 $751,800 $216,200 $535,600
2022 $32,200 $751,800 $216,200 $535,600
2021 $32,455 $751,800 $216,200 $535,600
2020 $32,778 $751,800 $216,200 $535,600
2019 $32,816 $751,800 $216,200 $535,600
2018 $10,244 $236,200 $216,200 $20,000
2017 $10,310 $236,200 $216,200 $20,000
2016 $0 $409,500 $233,600 $175,900
2015 $17,269 $409,500 $233,600 $175,900
2014 $16,822 $409,500 $233,600 $175,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3425988

Garden State MLS

APN: 18-02801-0000-00003-02