NOT LISTED FOR SALE

7 Hobart Ave Summit, NJ 07901

Estimated Value: $1,001,000 - $1,502,000

-- Bed
-- Bath
1,846 Sq Ft
$630/Sq Ft Est. Value

About This Home

This home is located at 7 Hobart Ave, Summit, NJ 07901 and is currently estimated at $1,163,708, approximately $630 per square foot. 7 Hobart Ave 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 1997
Sold by
Armstrong Shelley S
Bought by
Groskoph John G and Groskoph Donna M
Current Estimated Value
$1,163,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,600
Interest Rate
7.75%

Range of Values:

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.

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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.

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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.

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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.

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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
Groskoph John G $357,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Groskoph John G $200,000
Closed Groskoph John G $400,000
Closed Groskoph John G $282,600
Closed Groskoph John G $285,600
Source: Public Records

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 $15,370 $355,200 $190,000 $165,200
2023 $15,370 $355,200 $190,000 $165,200
2022 $15,213 $355,200 $190,000 $165,200
2021 $15,334 $355,200 $190,000 $165,200
2020 $15,487 $355,200 $190,000 $165,200
2019 $15,504 $355,200 $190,000 $165,200
2018 $14,807 $341,400 $190,000 $151,400
2017 $14,902 $341,400 $190,000 $151,400
2016 $14,684 $341,400 $190,000 $151,400
2015 $14,397 $341,400 $190,000 $151,400
2014 $14,025 $341,400 $190,000 $151,400
Source: Public Records

Map

New Jersey Union County Summit 07901

7 Hobart Ave, Summit, NJ

Homes for Sale in Summit, NJ

This home is located at 7 Hobart Ave, Summit, NJ 07901 and is currently estimated at $1,163,708, approximately $630 per square foot. 7 Hobart Ave 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.

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.

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