$595,000
SOLD AUG 21, 2025

7 Park Ave Summit, NJ 07901

3 Beds
1 Bath
1,020 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$583 Per Sq Ft

18 Days on Market

About This Home

As of August 2025

This home is located at 7 Park Ave, Summit, NJ 07901 and is currently priced at $595,000, approximately $583 per square foot. This property was built in 1920. 7 Park 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.

Last Agent to Sell the Property

Jennifer Vellanti

RE/MAX SUPREME Brokerage Phone: 908-213-2828 Listed on: 06/25/2025

RE/MAX SUPREME

Last Buyer's Agent

Jennifer Vellanti

RE/MAX SUPREME Brokerage Phone: 908-213-2828 Listed on: 06/25/2025

RE/MAX SUPREME

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 8,276 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Year Built: 1920
  • County Name: Union
  • I D: 5367324
  • Attribution Contact: 908-213-2828
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 1.00

Lot Info

  • Lot Size: .188
  • Total Acres: 0.19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2025
Closed on
Aug 15, 2025
Sold by
Mcdonough Jill and Mcdonough Christopher M
Bought by
Forbes Kashif and Forbes Leann
Seller's Agent
Jennifer Vellanti
RE/MAX SUPREME
Buyer's Agent
Jennifer Vellanti
RE/MAX SUPREME
List Price
$595,000
Sold Price
$595,000
Views
251
Current Estimated Value
$605,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,462
Avg. Annual Appreciation
4.96%
Original Mortgage
$535,500
Outstanding Balance
$535,039
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$70,423

Purchase Details

Closed on
May 30, 2002
Sold by
Vidal Victor and Vidal Yvett
Bought by
Mcdonough Christopher M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.8%

Purchase Details

Closed on
Jan 11, 1999
Sold by
Rosa James
Bought by
Vidal Victor and Vidal Yvett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,550
Interest Rate
6.7%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Dec 22, 1994
Sold by
Rosa James and Rosa Angelina
Bought by
Rosa James
Source: Public Records

Range of Values:

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

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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 Type Sale Price Title Company
Deed $595,000 American Land Title
Bargain Sale Deed $242,500 --
Bargain Sale Deed $155,000 Chicago Title Insurance Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $535,500 New Conventional
Previous Owner $180,000 No Value Available
Previous Owner $150,550 Stand Alone First
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2025 08/21/25 Sold $595,000 0.0% $583 / Sq Ft
07/13/2025 07/13/25 Pending -- -- --
06/25/2025 06/25/25 For Sale $595,000 -- $583 / 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 $5,693 $130,700 $67,400 $63,300
2024 $5,655 $130,700 $67,400 $63,300
2023 $5,655 $130,700 $67,400 $63,300
2022 $5,598 $130,700 $67,400 $63,300
2021 $5,642 $130,700 $67,400 $63,300
2020 $5,699 $130,700 $67,400 $63,300
2019 $5,705 $130,700 $67,400 $63,300
2018 $5,668 $130,700 $67,400 $63,300
2017 $5,705 $130,700 $67,400 $63,300
2016 $5,621 $130,700 $67,400 $63,300
2015 $5,512 $130,700 $67,400 $63,300
2014 $5,369 $130,700 $67,400 $63,300
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Vellanti

    Seller's Agent in 2025

    Jennifer Vellanti

    RE/MAX

    1 in this area

    43 Total Sales

    Jennifer Vellanti
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Map

Source: Garden State MLS

MLS Number: 3971668

Garden State MLS

APN: 18-04002-0000-00001

New Jersey Union County Summit 07901

7 Park Ave, Summit, NJ

Sold

Detached

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