NOT LISTED FOR SALE

7 Sherman Ave Summit, NJ 07901

Estimated Value: $2,390,237 - $2,498,000

6 Beds
5.5 Baths
3,500 Sq Ft
$698/Sq Ft Est. Value

Last Sold January 27, 2021

Last sale price $1,975,000 $564 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $15,593/month

7 Days on Market

Highlights

  • Colonial Architecture
  • Family Room with Fireplace
  • Wood Flooring
  • L C Johnson Summit Middle School Rated A+
  • Recreation Room
  • Attic

About This Home

As of January 2021

Idyllic Colonial renovated to perfection. Great in Town Location. 6 Beds, 5.1 Baths, Gorgeous Custom Kitchen & Baths, Separate Guest Quarters, Mint Condition inside & out! Outstanding Offering! Beautiful Master Suite; En Suite Baths; Refin HW; Elegant formal spaces and perfect flow for everyday living; Beautiful patio and rear yard with built in Fireplace. Spacious lower level with rec room, bedroom, full bath, office/play room, laundry room and work room. New HWH 2019, new exterior paint 2018, kitchen and butler's pantry marble and cabinets refinished 2018. Larger than it appears and beautifully maintained and presented. Close to everything! Location, location, location!

Last Agent to Sell the Property

CYNTHIA BAKER

LOIS SCHNEIDER REALTOR Listed on: 10/14/2020

Last Buyer's Agent

Susan Oldendorp

COMPASS NEW JERSEY, LLC

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,313

Year Built

  • Built in 1930 | Remodeled

Lot Details

  • 0.26 Acre Lot
  • Privacy Fence
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 3,500 Sq Ft Home
  • Wet Bar
  • Sound System
  • Wood Burning Fireplace
  • Thermal Windows
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Family Room with entrance to outdoor space
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Utility Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Schools

  • Lincoln-Hubbard Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Forced Air Heating and Cooling System
  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Radiant Heating System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-01902-0000-00009-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,313

Year Built

Built in 1930 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1930
  • Year Built Description: Approximate, Renovated
  • County Name: Union
  • Renovated Year: 2017
  • Street Number Display: 7
  • Directions: Woodland to Magregor to Sherman or Lorraine to Sherman
  • I D: 5023662
  • Modified: 2022-01-28
  • Number Images: 25
  • Section Subdiv Development: North Side
  • First Name: CYNTHIA
  • First Name3: SUSAN
  • Last Name: BAKER
  • Last Name3: OLDENDORP
  • Office Phone: 908-376-2702
  • Office Phone3: 201-400-8714
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2017

Interior Features

  • Flooring: Carpeting, Wood
  • Fireplace Description: Family Room, Living Room, Wood Burning
  • Number of Fireplaces: 3
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Disposal, Dryer, Kitchen Exhaust Fan, Microwave Oven, Refrigerator, Sump Pump, Washer, WineRefr
  • Interior Amenities: Bar-Wet, Blinds, Carbon Monoxide Detector, Fire Extinguisher, Security System, Smoke Detector, SoakTub, StallShw, Stereo System, TubShowr, Walk-In Closet, Window Treatments
  • Number Rooms: 16
  • Bedrooms: 6
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 5.10
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Full
  • Basement Level Rooms: 1 Bedroom, Bath(s) Other, Laundry Room, Office, Rec Room, Utility Room, Walkout
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen, Pantry
  • Kitchen Dim: 19x18
  • Living Room Dim: 24x13
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 13x11
  • Other Room1 Level: Third
  • Other Room 2: Bedroom
  • Other Room2 Dim: 14x12
  • Other Room2 Level: Basement
  • Other Room 3: Rec Room
  • Other Room3 Dim: 26x20
  • Other Room3 Level: Basement
  • Other Room 4: Laundry Room
  • Other Room4 Dim: 20x7
  • Other Room4 Level: Basement
  • Level 1 Rooms: Dining Room, Family Room, Foyer, Kitchen, Living Room, MudRoom, OutEntrn, Pantry, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: 1 Bedroom, Attic, Bath(s) Other
  • Estimated Sq Ft: 3500
  • Phone: 908-277-1398

Exterior Features

  • Exterior Description: Brick, Wood
  • Exterior Features: Curbs, Patio, Privacy Fence, Sidewalk, Thermal Windows/Doors, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage, Garage Door Opener, Loft Storage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 4
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air, Radiant - Electric
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: Lincoln-Hubbard
  • Middle School: Summit MS
  • High School: Summit HS
  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 75X150
  • Assessed Improvement Value: 317300
  • Assessed Land Value: 216800
  • Assessment: 534100
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 9
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.26

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 23313
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-01902-0000-00009-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.365
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2020
Closed on
Jan 14, 2021
Sold by
Lowenstein Jason E and Lowenstein Adrienne H
Bought by
Metallo Michael and Cerami Danielle
Seller's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
Buyer's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
List Price
$1,895,000
Sold Price
$1,975,000
Premium/Discount to List
$80,000
4.22%
Total Days on Market
7
Current Estimated Value
$2,444,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$469,079
Avg. Annual Appreciation
3.03%
Original Mortgage
$1,580,000
Outstanding Balance
$1,440,832
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$808,795

Purchase Details

Listed on
May 17, 2013
Closed on
May 13, 2013
Sold by
Guida Andrew T and Guida Meredite Mixon
Bought by
Lowenstein Jason E and Lowenstein Adrienne H
Seller's Agent
JILL BRAY
PROMINENT PROPERTIES SIR
Buyer's Agent
CYNTHIA BAKER
LOIS SCHNEIDER REALTOR
Sold Price
$1,680,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.12%
Original Mortgage
$1,008,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2002
Sold by
Stout Janice M and Mccarty Rosalie S
Bought by
Guida Andrew T and Guida Meredith Mixon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,850
Interest Rate
6.3%
Mortgage Type
Stand Alone Second
Source: Public Records

Similar Homes in Summit, NJ

  • 115 Kent Place Blvd, Summit, NJ 07901

    $1,950,000

    • 7 Beds
    • 5 Baths
    • 6,700 Sq Ft
    • 115 Kent Place Blvd
    • Summit, NJ

    Timeless design meets thoughtful updates in this architecturally rich 7-bedroom, 2 full and 3 half bath home. From a dedicated work-from-home setup with a private entrance to multiple inviting living areas, it offers more than just a place to live it creates a lifestyle. Enter through a sun-drenched windowed sunroom into a grand foyer with parquet floors and vintage moldings. The formal sitting

    MARLENE VEGTER WEICHERT REALTORS

    Section Image
  • 48 Lewis Ave, Summit, NJ 07901

    $2,395,000

    • 6 Beds
    • 5.5 Baths
    • 3,865 Sq Ft
    • 48 Lewis Ave
    • Summit, NJ

    Welcome to this elegantly crafted, Hamptons-inspired sanctuary where timeless elegance meets fresh, coastal charm. Built in 2025, up to 5000 sqft including basement. Nestled on a tree-lined street, this 6-bed, 5.5-bath residence exudes a light, airy sophistication perfectly balancing relaxed luxury with modern convenience. Upon entering, you're greeted by a stunning two-story foyer that sets the

    Hui Lu RE/MAX SELECT

    Section Image
  • 100 Larned Rd, Summit, NJ 07901

    $2,550,000

    • 4 Beds
    • 6 Baths
    • 100 Larned Rd
    • Summit, NJ

    Ideal Location and incredible Design define this picture perfect Memorial Field stunner. Recently renovated and expanded with exceptional amenities, floor plan and property, this home is truly one of a kind. Location, Location close to schools and town, with sweeping views of Memorial Park. Custom eat in kitchen opens to vaulted ceiling family room spanning the entire rear of the home. Full

    CYNTHIA BAKER LOIS SCHNEIDER REALTOR

    Section Image
  • 42 Stockton Rd, Summit, NJ 07901

    $2,150,000

    • 6 Beds
    • 5 Baths
    • 42 Stockton Rd
    • Summit, NJ

    Welcome to this exceptional 6-BD, 5-BA new construction Colonial home, offering approximately 3,600 sq ft of beautifully finished living space across 3 levels, nestled on nearly a quarter-acre lot w/ a large flat backyard backing to the woods. The main fl is thoughtfully designed for both daily comfort & elegant entertaining. A welcoming covered entry opens to a sunlit foyer w/ wide-plank

    Thomas Mosera PREMIUMONE REALTY

    Section Image
  • 5 Sunset Dr, Summit, NJ 07901

    $1,999,999

    • 6 Beds
    • 5.5 Baths
    • 5 Sunset Dr
    • Summit, NJ

    A rare opportunity to own a true Summit classic in a highly desirable neighborhood just a few blocks from top-rated Franklin Elementary School and the New Providence train station. This gracious Colonial, circa 1905, is a tasteful blend of historic architecture and thoughtful modern updates, offering generous living spaces, high ceilings and an incredibly versatile layout, including a ground

    ROSEMARY M DANGLER PROMINENT PROPERTIES SIR

    Section Image
  • 231 Oak Ridge Ave, Summit, NJ 07901

    $2,850,000

    • 6 Beds
    • 6 Baths
    • 231 Oak Ridge Ave
    • Summit, NJ

    This Stunning Classic Colonial on sought-after Oak Ridge Avenue in Summit, NJ, offers the perfect blend of timeless charm and modern living. Featuring 6 bedrooms, 4 full and 2 half baths, this beautifully maintained home welcomes you with a flowering front walk and a charming covered porch. The spacious foyer opens to a private office and a sun-filled living room with a cozy sunroom. The heart of

    REBECCA MORANO PROMINENT PROPERTIES SIR

    Section Image
  • 77 Dale Dr, Summit, NJ 07901

    $2,495,000

    • 5 Beds
    • 6 Baths
    • 77 Dale Dr
    • Summit, NJ

    This stunning Colonial-style home sits proudly on an elevated lot with beautiful views just the beginning of what it has to offer. The updated eat-in kitchen is a chef's dream, equipped with a 5-burner cooktop, double convection ovens, a microwave drawer, refrig, and dishwasher, Granite countertops and a classic subway tile backsplash complete the space with style and functionality. The hallway

    TERRY BRANNIN EXP REALTY, LLC

    Section Image
  • 183 Countryside Dr, Summit, NJ 07901

    $2,299,000

    • 6 Beds
    • 6.5 Baths
    • 183 Countryside Dr
    • Summit, NJ

    Welcome to this exquisite 6-BED, 6.5-BATH NEW CONSTRUCTION Custom Colonial, set on a generous .44 acre lot offering approx. 6,440 sq ft of living space across 3 beautifully designed levels. Enter through the inviting porch & greeted by the GRAND 2 STORY foyer that introduces the main level, including a formal living room, sophisticated dining room, guest ensuite & additional powder room. The

    Thomas Mosera PREMIUMONE REALTY

    Section Image

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
Metallo Michael $1,975,000 Simplicity Title Llc
Lowenstein Jason E $1,680,000 Agent For Chicago Title Insu
Guida Andrew T $539,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Metallo Michael $1,580,000
Previous Owner Lowenstein Jason E $1,008,000
Previous Owner Guida Andrew T $1,050,000
Previous Owner Guida Andrew T $200,000
Previous Owner Guida Andrew T $500,000
Previous Owner Guida Andrew T $80,850
Previous Owner Guida Andrew T $404,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2021 01/27/21 Sold $1,975,000 +4.2% $564 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
10/14/2020 10/14/20 For Sale $1,895,000 +12.8% $541 / Sq Ft
05/17/2013 05/17/13 Sold $1,680,000 -- $957 / 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
2024 $23,111 $534,100 $216,800 $317,300
2023 $23,111 $534,100 $216,800 $317,300
2022 $22,876 $534,100 $216,800 $317,300
2021 $23,057 $534,100 $216,800 $317,300
2020 $23,287 $534,100 $216,800 $317,300
2019 $23,313 $534,100 $216,800 $317,300
2018 $23,164 $534,100 $216,800 $317,300
2017 $23,313 $534,100 $216,800 $317,300
2016 $22,972 $534,100 $216,800 $317,300
2015 $22,523 $534,100 $216,800 $317,300
2014 $21,941 $534,100 $216,800 $317,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3671872

Garden State MLS

APN: 18-01902-0000-00009