NOT LISTED FOR SALE

7 Cottage Ln Summit, NJ 07901

Estimated Value: $640,192 - $867,000

Studio
-- Bath
1,656 Sq Ft
$438/Sq Ft Est. Value

Last Sold June 24, 2013

Last sale price $225,000 $136 Per Sq Ft

Est. 223% increase in value since last sale

Current estimated payment $4,254/month

About This Home

As of June 2013

This home is located at 7 Cottage Ln, Summit, NJ 07901 since 24 June 2013 and is currently estimated at $725,798, approximately $438 per square foot. This property was built in 1920. 7 Cottage Ln 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

RALPH BARONE

NJ REO ASSET MANAGEMENT & REALTY Brokerage Phone: 973-429-0990 Listed on: 06/24/2013

Last Buyer's Agent

Jean Marie Morgan

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,920 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Year Built: 1920
  • County Name: Union
  • I D: 4321032
  • Attribution Contact: 973-429-0990
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 0.09
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2013
Sold by
Gibbons John
Bought by
Cacau Llc
Current Estimated Value
$725,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 24, 2013
Closed on
May 30, 2013
Sold by
J P Mortgage Acquistions Corp
Bought by
Gibbons John
Seller's Agent
RALPH BARONE
NJ REO ASSET MANAGEMENT & REALTY
Buyer's Agent
Jean Marie Morgan
COLDWELL BANKER REALTY
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.73%

Purchase Details

Closed on
May 15, 2012
Sold by
Froehlichralph Sheriff Of Union
Bought by
Jp Morgan Mortgage Acq Corp

Purchase Details

Closed on
Oct 1, 2003
Sold by
Chambers Frank
Bought by
Bujosa Arnaldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,100
Interest Rate
6.01%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cacau Llc -- Acres Land Title Agency Llc
Gibbons John $250,000 Agent For Chicago Title
Jp Morgan Mortgage Acq Corp $100 --
Bujosa Arnaldo $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cacau Llc $189,000
Previous Owner Bujosa Arnaldo $293,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2013 06/24/13 Sold $225,000 -- $136 / 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
2025 $5,815 $133,500 $58,300 $75,200
2024 $5,777 $133,500 $58,300 $75,200
2023 $5,777 $133,500 $58,300 $75,200
2022 $5,718 $133,500 $58,300 $75,200
2021 $5,763 $133,500 $58,300 $75,200
2020 $5,821 $133,500 $58,300 $75,200
2019 $5,827 $133,500 $58,300 $75,200
2018 $5,790 $133,500 $58,300 $75,200
2017 $5,827 $133,500 $58,300 $75,200
2016 $5,742 $133,500 $58,300 $75,200
2015 $5,630 $133,500 $58,300 $75,200
2014 $5,484 $133,500 $58,300 $75,200
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    RALPH BARONE

    NJ REO ASSET MANAGEMENT & REALTY

  • Jean Marie Morgan

    Buyer's Agent in 2013

    Jean Marie Morgan

    COLDWELL BANKER REALTY

    (908) 279-4441

    126 Total Sales

    Jean Marie Morgan
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3023345

Garden State MLS

APN: 18-04005-0000-00013

New Jersey Union County Summit 07901

7 Cottage Ln, Summit, NJ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes