NOT LISTED FOR SALE

7 Ramsey Dr Summit, NJ 07901

Estimated Value: $1,780,000 - $4,629,000

5 Beds
4 Baths
2,884 Sq Ft
$1,009/Sq Ft Est. Value

Last Sold December 30, 2014

Last sale price $1,250,000 $433 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $17,319/month

About This Home

As of December 2014

This home is located at 7 Ramsey Dr, Summit, NJ 07901 since 30 December 2014 and is currently estimated at $2,909,777, approximately $1,008 per square foot. 7 Ramsey Dr 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

ALLISON B LEES

PROMINENT PROPERTIES SIR Brokerage Phone: 908-277-1398 Listed on: 12/30/2014

Last Buyer's Agent

LISA SALERNO

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,053

Lot Details

  • 0.55 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,053

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 7
  • I D: 4441589
  • Modified: 2015-12-31
  • Number Images: 1
  • Attribution Contact: 908-277-1398
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 3.20

Lot Info

  • Lot Size: 0.546
  • Total Acres: 0.55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2014
Sold by
Iannone James J and Iannone Elsbeth
Bought by
Cooper Matthew A and Cooper Melissa G
Current Estimated Value
$2,909,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 16, 2010
Sold by
Clark Cynthia M
Bought by
Iannone James J and Iannone Elsbeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
4.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2003
Sold by
Thomson Simon
Bought by
Clark John and Clark Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$928,000
Interest Rate
5.82%

Purchase Details

Closed on
Sep 25, 1998
Sold by
Zalk Kenneth and Zalk Anna
Bought by
Thomson Simon J and Thomson Rose Stenberg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$697,500
Interest Rate
6.62%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cooper Matthew A $1,250,000 None Available
Iannone James J $1,475,000 Lawyers Title Insurance Corp
Clark John $1,160,000 --
Thomson Simon J $930,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cooper Matthew A $1,000,000
Previous Owner Iannone James J $675,000
Previous Owner Iannone James J $675,000
Previous Owner Clark John $928,000
Previous Owner Thomson Simon J $697,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2014 12/30/14 Sold $1,250,000 -- $433 / 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 $19,053 $1,312,000 $327,400 $984,600
2024 $18,926 $437,400 $327,400 $110,000
2023 $18,926 $437,400 $327,400 $110,000
2022 $25,017 $584,100 $327,400 $256,700
2021 $25,216 $584,100 $327,400 $256,700
2020 $25,467 $584,100 $327,400 $256,700
2019 $25,496 $584,100 $327,400 $256,700
2018 $25,332 $584,100 $327,400 $256,700
2017 $25,496 $584,100 $327,400 $256,700
2016 $24,055 $559,300 $327,400 $231,900
2015 $30,126 $714,400 $327,400 $387,000
2014 $29,348 $714,400 $327,400 $387,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    ALLISON B LEES

    PROMINENT PROPERTIES SIR

  • L

    Buyer's Agent in 2014

    LISA SALERNO

    KELLER WILLIAMS REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3135980

Garden State MLS

APN: 18-03004-0000-00018

New Jersey Union County Summit 07901

7 Ramsey Dr, Summit, NJ

This home is located at 7 Ramsey Dr, Summit, NJ 07901 since 30 December 2014 and is currently estimated at $2,909,777, approximately $1,008 per square foot. 7 Ramsey Dr 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes