NOT LISTED FOR SALE

7 Portland Rd Summit, NJ 07901

Estimated Value: $1,739,000 - $2,395,000

5 Beds
5 Baths
-- Sq Ft
0.34 Acres

Last Sold May 19, 2023

Last sale price $1,900,000

Est. 15% increase in value since last sale

Current estimated payment $14,046/month

5 Days on Market

About This Home

As of May 2023

This home is located at 7 Portland Rd, Summit, NJ 07901 since 21 February 2023 and is currently estimated at $2,180,709. 7 Portland Rd is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

Last Agent to Sell the Property

CYNTHIA BAKER

LOIS SCHNEIDER REALTOR Brokerage Phone: 908-277-1398 Listed on: 02/21/2023

Last Buyer's Agent

JILL BRAY

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,962

Lot Details

  • 0.34

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,962

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 7
  • I D: 5202506
  • Modified: 2024-05-20
  • Number Images: 1
  • Attribution Contact: 908-277-1398
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 4.10

Lot Info

  • Lot Size: .344

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2020
Closed on
Jul 10, 2020
Sold by
Musallam Rami S and Kelly Jean Marie
Bought by
Alexander Joshua Glenn and Alexander Nicole S
Seller's Agent
Maura Elia
PROMINENT PROPERTIES SIR
Buyer's Agent
AMY BURAKOVSKY
KELLER WILLIAMS REALTY
List Price
$1,399,000
Sold Price
$1,385,000
Premium/Discount to List
-$14,000
-1%
Current Estimated Value
$2,180,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$795,709
Avg. Annual Appreciation
9.76%
Original Mortgage
$1,108,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 1999
Sold by
Mcgowan John S and Sorvino Heidi J
Bought by
Kelly Jeanmarie and Musallam Rami S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.77%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 31, 1997
Sold by
Natunen Elsie C
Bought by
Mcgowan John S and Sorvino Heidi J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
6.87%

Purchase Details

Closed on
Feb 28, 1996
Sold by
Barba John A and Barba Rose
Bought by
Natunen Elsie C
Source: Public Records

Range of Values:

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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
Alexander Joshua Glenn $1,385,000 Green Hill Title Llc
Kelly Jeanmarie $1,163,000 Stewart Title
Mcgowan John S $690,000 Chicago Title Insurance Co
Natunen Elsie C $257,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dipetrillo David J $2,696,000
Closed Alexander Joshua Glenn $1,108,000
Previous Owner Musallam Rami $417,000
Previous Owner Musallam Rami S $100,000
Previous Owner Musallam Rami S $594,000
Previous Owner Kelly Jeanmarie $600,000
Previous Owner Mcgowan John S $552,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2023 05/19/23 Sold $1,900,000 +13.4% --
03/01/2023 03/01/23 Pending -- -- --
02/23/2023 02/23/23 For Sale $1,675,000 +20.9% --
07/13/2020 07/13/20 Sold $1,385,000 -1.0% --
06/10/2020 06/10/20 Pending -- -- --
05/05/2020 05/05/20 For Sale $1,399,000 -- --
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 $25,962 $623,500 $303,200 $320,300
2023 $25,962 $600,000 $303,200 $296,800
2022 $25,698 $600,000 $303,200 $296,800
2021 $25,902 $600,000 $303,200 $296,800
2020 $26,160 $600,000 $303,200 $296,800
2019 $26,190 $600,000 $303,200 $296,800
2018 $26,022 $600,000 $303,200 $296,800
2017 $26,190 $600,000 $303,200 $296,800
2016 $25,806 $600,000 $303,200 $296,800
2015 $25,302 $600,000 $303,200 $296,800
2014 $24,648 $600,000 $303,200 $296,800
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    CYNTHIA BAKER

    LOIS SCHNEIDER REALTOR

  • J

    Buyer's Agent in 2023

    JILL BRAY

    PROMINENT PROPERTIES SIR

  • M

    Seller's Agent in 2020

    Maura Elia

    PROMINENT PROPERTIES SIR

    (908) 273-8808

    11 in this area

    15 Total Sales

    Maura Elia
    Section Image

  • A

    Buyer's Agent in 2020

    AMY BURAKOVSKY

    KELLER WILLIAMS REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3829794

Garden State MLS

APN: 18-05202-0000-00002

New Jersey Union County Summit 07901

7 Portland Rd, Summit, NJ

This home is located at 7 Portland Rd, Summit, NJ 07901 since 21 February 2023 and is currently estimated at $2,180,709. 7 Portland Rd is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Oak Knoll School of the Holy Child.

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