NOT LISTED FOR SALE

7 Joanna Way Summit, NJ 07901

Estimated Value: $1,588,879 - $1,938,000

4 Beds
3.5 Baths
2,371 Sq Ft
$743/Sq Ft Est. Value

Last Sold December 10, 2020

Last sale price $1,195,000 $504 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $11,555/month

21 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Jetted Tub in Primary Bathroom
  • L C Johnson Summit Middle School Rated A+
  • Wood Flooring
  • Formal Dining Room

About This Home

As of December 2020

Beautiful location, Spacious home with Flexible style to fit today's needs. This home offers a floor plan that provides enough individual space for everyone. The multi level deck off the kitchen overlooks a nature lovers backyard. Move right in, generator, sprinkler system, security system, beautiful wood floors and many freshly painted rooms.

Last Agent to Sell the Property

Donna Vespa

BHHS FOX & ROACH Listed on: 10/10/2020

BHHS FOX & ROACH

Co-Listed By

Karen Howells

BHHS FOX & ROACH

Last Buyer's Agent

CHRISTIANA HORSEWOOD

BHHS FOX & ROACH

BHHS FOX & ROACH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,515

Year Built

  • Built in 1959

Lot Details

  • 0.4 Acre Lot
  • Open Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Shingle Roof
  • Tile

Interior Spaces

  • Ceiling Fan
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Storage Room
  • Utility Room
  • Attic Fan

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on third floor
  • En-Suite Primary Bedroom
  • Powder Room
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Sump Pump
  • French Drain

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-05603-0000-00002-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,515

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Style: Split Level
  • Primary Style: Split Level
  • Subproperty Type: Single Family
  • Year Built: 1959
  • Year Built Description: Approximate
  • County Name: Union
  • Street Number Display: 7
  • Directions: Ashland Rd to Tanglewood, left onto Joanna
  • I D: 5022355
  • Modified: 2021-12-11
  • Number Images: 21
  • First Name: DONNA
  • First Name2: KAREN S.
  • First Name3: CHRISTIANA
  • Last Name: VESPA
  • Last Name2: HOWELLS
  • Last Name3: HORSEWOOD
  • Office Phone: 973-610-0403
  • Office Phone2: 908.273.0400
  • Pager Number: 973-610-0403
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Dryer, Generator-Built-In, Microwave Oven, Refrigerator, Self Cleaning Oven, Sump Pump, Washer
  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
  • Number Rooms: 8
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Third
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Jetted Tub, Stall Shower
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: French Drain
  • Basement Level Rooms: Rec Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Family Room Level: Ground
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Level: First
  • Living Room Level: First
  • Level 1 Rooms: Dining Room, Kitchen, Living Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: 1 Bedroom, Bath Main
  • Ground Level Rooms: Family Room, Laundry Room, Powder Room
  • Phone: 908-273-0400

Exterior Features

  • Exterior Description: Wood Shingle
  • Exterior Features: Deck, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: Blacktop

Utilities

  • Cooling: 1 Unit, Attic Fan, Ceiling Fan, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, 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

  • Lot Size: 0.396
  • Assessed Improvement Value: 180900
  • Assessed Land Value: 289100
  • Assessment: 470000
  • Easement: Unknown
  • Lot Description: Open Lot
  • Lot Identifier: 2
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.40
  • Zoning: RES

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 20515
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-05603-0000-00002-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.365
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year: 2020

MLS Schools

  • Grade School: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2020
Closed on
Dec 7, 2020
Sold by
Francis Ian and Francis Kerry
Bought by
Lin Jiawei and Zhang Yuan
Seller's Agent
Donna Vespa
BHHS FOX & ROACH
Buyer's Agent
CHRISTIANA HORSEWOOD
BHHS FOX & ROACH
List Price
$1,199,000
Sold Price
$1,195,000
Premium/Discount to List
-$4,000
-0.33%
Total Days on Market
21
Current Estimated Value
$1,761,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$566,470
Avg. Annual Appreciation
8.04%
Original Mortgage
$500,000
Outstanding Balance
$380,740
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,307,958

Purchase Details

Closed on
Apr 21, 2005
Sold by
Tripp Spencer
Bought by
Francis Ian and Francis Kerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Lin Jiawei $1,195,000 Acres Land Title Agency Inc
Francis Ian $980,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Jiawei $500,000
Previous Owner Francis Kerry $376,000
Previous Owner Francis Ian $250,000
Previous Owner Francis Ian $400,000
Previous Owner Tripp Spencer $500,000
Previous Owner Tripp Spencer L $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2020 12/10/20 Sold $1,195,000 -0.3% $504 / Sq Ft
10/31/2020 10/31/20 Pending -- -- --
10/10/2020 10/10/20 For Sale $1,199,000 -- $506 / 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 $20,337 $470,000 $289,100 $180,900
2023 $20,337 $470,000 $289,100 $180,900
2022 $20,130 $470,000 $289,100 $180,900
2021 $20,290 $470,000 $289,100 $180,900
2020 $20,492 $470,000 $289,100 $180,900
2019 $20,516 $470,000 $289,100 $180,900
2018 $20,384 $470,000 $289,100 $180,900
2017 $20,516 $470,000 $289,100 $180,900
2016 $20,215 $470,000 $289,100 $180,900
2015 $19,820 $470,000 $289,100 $180,900
2014 $19,308 $470,000 $289,100 $180,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3670863

Garden State MLS

APN: 18-05603-0000-00002