NOT LISTED FOR SALE

7 Edgewood Rd Summit, NJ 07901

Estimated Value: $3,839,540 - $4,345,000

7 Beds
6 Baths
-- Sq Ft
0.89 Acres

Last Sold November 12, 2021

Last sale price $2,725,000

Est. 50% increase in value since last sale

Current estimated payment $25,412/month

71 Days on Market

Highlights

  • 0.89 Acre Lot
  • Fireplace in Kitchen
  • Recreation Room
  • L C Johnson Summit Middle School Rated A+
  • Deck
  • Wood Flooring

About This Home

As of November 2021

Classic Victorian with a modern vibe and practically in downtown Summit! One of a kind in-town estate offering .89 acre private park-like property, completely renovated with sleek designer elements. Custom high end Siematic eat-in kitchen, renovated baths, high ceilings, hardwood floors, spacious rooms, and newer systems throughout. Incredible outdoor entertaining spaces with wrap around porches, large screened porch, beautiful deck and lovely manicured private property. Great light throughout and ready for immediate occupancy! Circular driveway adds to the impressive curb appeal. Perfectly situated in a coveted Summit neighborhood yet 3 blocks to town. Lifestyle, property, amenities, and location!

Last Agent to Sell the Property

CYNTHIA BAKER

LOIS SCHNEIDER REALTOR Listed on: 07/15/2021

Last Buyer's Agent

SHIRA ROST

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,548

Year Built

  • Built in 1890

Lot Details

  • 0.89 Acre Lot
  • Sprinkler System

Parking

  • 1 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Victorian Architecture
  • Slate Roof
  • Wood Siding

Interior Spaces

  • Wet Bar
  • High Ceiling
  • Gas Fireplace
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 3 Fireplaces
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Storage Room
  • Utility Room
  • Home Gym
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Fireplace in Kitchen

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Garage Access
  • Sump Pump

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Schools

  • Lincoln-Hubbard Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-03401-0000-00031-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,548

Year Built

Built in 1890

Lot Details

0

Parking

1

Listing Details

  • Style: Victorian
  • Primary Style: Victorian
  • Subproperty Type: Single Family
  • Year Built: 1890
  • Year Built Description: Approximate
  • County Name: Union
  • Directions: Springfield Ave to Edgewood Road
  • I D: 5088199
  • Section Subdiv Development: North Summit
  • First Name: CYNTHIA
  • First Name3: SHIRA
  • Last Name: BAKER
  • Last Name3: ROST
  • Office Phone: 908-376-2702
  • Office Phone3: 287309
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2014

Interior Features

  • Flooring: Carpeting, Wood
  • Fireplace Description: Dining Room, Gas Fireplace, Kitchen, Living Room
  • Number of Fireplaces: 3
  • Appliances: Dishwasher, Disposal, Dryer, Generator-Built-In, Kitchen Exhaust Fan, Range/Oven-Gas, Refrigerator, Stackable Washer/Dryer, Sump Pump, OvnWElec, Washer
  • Interior Amenities: Bar-Wet, Blinds, Fire Extinguisher, High Ceilings, Security System, Smoke Detector, Walk-In Closet
  • Bedrooms: 7
  • 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
  • Bathrooms: 4.20
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished, Full, Walkout
  • Basement Level Rooms: Exercise Room, GarEnter, Powder Room, Rec Room, Storage Room, Utility Room, Walkout
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Eat-In Kitchen, Pantry
  • Kitchen Dim: 26x17
  • Kitchen Level: First
  • Living Room Dim: 24x18
  • Living Room Level: First
  • Other Room 1: Screened Patio/Porch
  • Other Room1 Dim: 20x15
  • Other Room1 Level: First
  • Other Room 2: Rec Room
  • Other Room2 Dim: 36x14
  • Other Room2 Level: Basement
  • Other Room 3: Bedroom
  • Other Room3 Dim: 20x16
  • Other Room3 Level: Third
  • Other Room 4: MudRoom
  • Other Room4 Dim: 17x16
  • Other Room4 Level: Basement
  • Level 1 Rooms: Breakfast Room, Dining Room, Family Room, Foyer, Kitchen, Living Room, Office, Pantry, Porch, Powder Room, Screened
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, Laundry Room
  • Level 3 Rooms: 4 Or More Bedrooms, Bath Main
  • Phone: 908-277-1398

Exterior Features

  • Exterior Description: Wood
  • Exterior Features: Curbs, Deck, Enclosed Porch(es), Open Porch(es), Thermal Windows/Doors, Underground Lawn Sprinkler
  • Roof Description: Slate

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener, Oversize Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 8
  • Parking Driveway Description: 1 Car Width, Blacktop, Circular

Utilities

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

Schools

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

Lot Info

  • Lot Size: 144X268
  • Easement: Unknown
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.89

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Street Number Tax: *
  • Tax Amount: 48548
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-03401-0000-00031-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.360
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2021
Closed on
Nov 8, 2021
Sold by
Hedrick Eric and Hedrick Jennifer
Bought by
Stewart Michael R and Stewart Sarah F
Seller's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
Buyer's Agent
SHIRA ROST
COMPASS NEW JERSEY, LLC
List Price
$2,850,000
Sold Price
$2,725,000
Premium/Discount to List
-$125,000
-4.39%
Current Estimated Value
$4,090,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,365,788
Avg. Annual Appreciation
10.27%
Original Mortgage
$2,180,000
Outstanding Balance
$1,977,434
Interest Rate
2.29%
Mortgage Type
New Conventional
Estimated Equity
$2,102,746

Purchase Details

Closed on
Jun 30, 2011
Sold by
Baker Amy J
Bought by
Hedrick Eric and Hedrick Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Stewart Michael R $2,725,000 Acres Land Title Agency Llc
Hedrick Eric $2,600,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stewart Michael R $2,180,000
Previous Owner Hedrick Eric $1,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2021 11/12/21 Sold $2,725,000 -4.4% --
09/24/2021 09/24/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $2,850,000 -- --
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 $48,504 $1,113,500 $545,800 $567,700
2024 $48,181 $1,113,500 $545,800 $567,700
2023 $48,181 $1,113,500 $545,800 $567,700
2022 $47,691 $1,113,500 $545,800 $567,700
2021 $48,070 $1,113,500 $545,800 $567,700
2020 $48,549 $1,113,500 $545,800 $567,700
2019 $48,604 $1,113,500 $545,800 $567,700
2018 $48,293 $1,113,500 $545,800 $567,700
2017 $48,604 $1,113,500 $545,800 $567,700
2016 $47,892 $1,113,500 $545,800 $567,700
2015 $46,956 $1,113,500 $545,800 $567,700
2014 $45,743 $1,068,000 $545,800 $522,200
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    CYNTHIA BAKER

    LOIS SCHNEIDER REALTOR

  • S

    Buyer's Agent in 2021

    SHIRA ROST

    COMPASS NEW JERSEY, LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3727774

Garden State MLS

APN: 18-03401-0000-00031

New Jersey Union County Summit 07901

7 Edgewood Rd, Summit, NJ

Not Listed for Sale

Detached

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