NOT LISTED FOR SALE

7 Lorraine Rd Summit, NJ 07901

Estimated Value: $1,957,000 - $2,451,076

Studio
-- Bath
2,892 Sq Ft
$788/Sq Ft Est. Value

About This Home

This home is located at 7 Lorraine Rd, Summit, NJ 07901 and is currently estimated at $2,277,769, approximately $787 per square foot. 7 Lorraine Rd 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
Jun 15, 2009
Sold by
Livingston Lorraine M
Bought by
Outwater Gregory Michel and Omalley Justine Burden
Current Estimated Value
$2,277,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,600
Outstanding Balance
$327,976
Interest Rate
4.86%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,949,793

Purchase Details

Closed on
Feb 6, 2003
Sold by
Livingston Lloyd
Bought by
Livingston Lorraine
Source: Public Records

Range of Values:

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

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ICE

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First American

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Quantarium

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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
Outwater Gregory Michel $861,000 None Available
Livingston Lorraine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Outwater Gregory Michel $516,600
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
2025 $28,554 $655,500 $212,500 $443,000
2024 $25,291 $655,500 $212,500 $443,000
2023 $25,291 $584,500 $212,500 $372,000
2022 $25,034 $584,500 $212,500 $372,000
2021 $25,233 $584,500 $212,500 $372,000
2020 $25,484 $584,500 $212,500 $372,000
2019 $25,513 $584,500 $212,500 $372,000
2018 $19,391 $447,100 $212,500 $234,600
2017 $19,516 $447,100 $212,500 $234,600
2016 $19,230 $447,100 $212,500 $234,600
2015 $18,854 $447,100 $212,500 $234,600
2014 $18,367 $414,900 $212,500 $202,400
Source: Public Records

Map

New Jersey Union County Summit 07901

7 Lorraine Rd, Summit, NJ

Not Listed for Sale

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