NOT LISTED FOR SALE

7 Park Ave Summit, NJ 07901

Summit Area

Estimated Value: $570,000 - $682,347

3 Beds
1 Bath
1,020 Sq Ft
$619/Sq Ft Est. Value

Sale Details

Date Sold: August 21, 2025

Last sale price $595,000 $583 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,960 / mo

18 Days on Market

About This Home

As of August 2025

This home is located at 7 Park Ave, Summit, NJ 07901 since 25 June 2025 and is currently estimated at $631,837, approximately $619 per square foot. This property was built in 1920. 7 Park Ave is a home located in Union County.

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

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 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

8,276 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2025
Closed on
Aug 15, 2025
Sold by
Bought by
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
$631,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,837
Avg. Annual Appreciation
6.53%
Original Mortgage
$535,500
Outstanding Balance
$530,762
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$101,075

Purchase Details

Closed on
May 30, 2002
Sold by
Bought by

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
Bought by

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
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Summit, NJ

  • Nancy Chu Real Estate Agent - Keller Williams Realty - NJ Metro Group

    Nancy Chu

    Keller Williams Realty - NJ Metro Group

    (973) 604-6671

    309 Total Sales

    2 in Summit

    $875,000 Price Range

    Nancy Chu
     Section Image
  • Frank LaMorte Real Estate Agent - LATTIMER REALTY

    Frank LaMorte

    LATTIMER REALTY

    (862) 298-5327

    173 Total Sales

    1 in Summit

    $1,350,000 Price

    Frank LaMorte
     Section Image
  • Mikaela Arpino Real Estate Agent - NJ Real Estate Boutique, LLC

    Mikaela Arpino

    NJ Real Estate Boutique, LLC

    (862) 860-1682

    333 Total Sales

    2 in Summit

    $509K - $1.4M Price Range

    Mikaela Arpino
     Section Image
  • Shuang Liang Real Estate Agent - Premiumone Realty

    Shuang Liang

    Premiumone Realty

    (862) 214-7430

    74 Total Sales

    3 in Summit

    $1.1M - $1.8M Price Range

    Shuang Liang
     Section Image
  • Anita Vogel Real Estate Agent - Weichert Realtors, Montclair

    Anita Vogel

    Weichert Realtors, Montclair

    (862) 292-4859

    14 Total Sales

    2 in Summit

    $400,000 Price Range

    Anita Vogel
     Section Image
  • Jesse Flowers Real Estate Agent - COLDWELL BANKER REALTY

    Jesse Flowers

    COLDWELL BANKER REALTY

    (908) 913-7468

    48 Total Sales

    1 in Summit

    $815,000 Price

    Jesse Flowers
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$595,000 American Land Title
$242,500 --
$155,000 Chicago Title Insurance Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $535,500
Closed $535,500
Previous Owner $180,000
Previous Owner $150,550
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,844 $155,700 $67,400 $88,300
2025 $5,844 $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

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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

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