NOT LISTED FOR SALE

7 Silver Lake Dr Summit, NJ 07901

Summit Area

Estimated Value: $2,369,000 - $2,727,582

4 Beds
5 Baths
-- Sq Ft
0.5 Acre Lot

Sale Details

Date Sold: February 24, 2023

Last sale price $2,050,000

Est. 27% increase in value since last sale

Current estimated payment $16,794 / mo

9 Days on Market

Highlights

  • Colonial Architecture
  • Family Room with Fireplace
  • Hydromassage or Jetted Bathtub
  • L C Johnson Summit Middle School Rated A+
  • Wood Flooring
  • Attic

About This Home

As of February 2023

Classic Brick and Wood Shingle Colonial sits on 1/2acre of manicured grounds. Great location, walk to schools and downtown. Four Bedrooms, 3 full and 2 half baths, Gourmet Kitchen with center island, high end appliances, desk area and wet bar with wine refrigerator. Sitting rooms on 1st & 2nd floors. Fabulous screened porch for indoor/outdoor entertaining leads to level yard and patio. Lower level includes Recreation Room, Exercise room ,powder rm and Laundry . Charms galore

Last Agent to Sell the Property

WINIFRED CAVAZINI

PROMINENT PROPERTIES SIR Brokerage Phone: 908-256-3044 Listed on: 01/04/2023

Co-Listed By

ROSEMARY M DANGLER

PROMINENT PROPERTIES SIR Brokerage Phone: 908-256-3044

Last Buyer's Agent

ELLEN FEELEY

LOIS SCHNEIDER REALTOR

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,840

Year Built

  • Built in 1944

Lot Details

  • 21,780 Sq Ft Lot
  • Level Lot
  • Open Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Additional Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Composition Shingle Roof
  • Wood Siding

Interior Spaces

  • Wet Bar
  • Thermal Windows
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room with Fireplace
  • Home Gym
  • Attic

Kitchen

  • Gas Oven or Range
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Steam Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • French Drain

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Enclosed Patio or Porch
  • Outdoor Grill

Schools

  • Brayton Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Standard Electricity
  • Power Generator
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-05303-0000-00007-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,840

Year Built

Built in 1944

Lot Details

0.5 Acres

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1944
  • Year Built Description: Approximate
  • County Name: Union
  • Exclusions: Dining room chandelier, some window treatments
  • Directions: Ashland to Silver Lake
  • I D: 5196437
  • Section Subdiv Development: Memorial Field
  • First Name: WINIFRED
  • First Name2: ROSEMARY M
  • First Name3: ELLEN
  • Last Name: CAVAZINI
  • Last Name2: DANGLER
  • Last Name3: FEELEY
  • Office Phone: 908-256-3044
  • Attribution Contact: 908-256-3044
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Laminate, Tile, Wood
  • Fireplace Description: Family Room, Living Room, Rec Room
  • Number of Fireplaces: 3
  • Appliances: Dishwasher, Dryer, Generator-Built-In, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Self Cleaning Oven, Sump Pump, Washer, WineRefr
  • Interior Amenities: Bar-Wet, Blinds, Drapes, Fire Alarm Sys, JacuzTyp, Security System, Smoke Detector, StallShw, Steam, TubShowr, Walk-In Closet
  • Bedrooms: 4
  • 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: Stall Shower
  • Bathrooms: 3.20
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished, French Drain, Full
  • Basement Level Rooms: Exercise Room, Laundry Room, Powder Room, Rec Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Pantry
  • Kitchen Dim: 15x15
  • Kitchen Level: First
  • Living Room Dim: 29x15
  • Living Room Level: First
  • Other Room 1: Screened Patio/Porch
  • Other Room1 Dim: 15x15
  • Other Room1 Level: First
  • Other Room 2: SittngRm
  • Other Room2 Dim: 10x12
  • Other Room2 Level: First
  • Other Room 3: SittngRm
  • Other Room3 Dim: 11x8
  • Other Room3 Level: Second
  • Other Room 4: Rec Room
  • Other Room4 Dim: 22x14
  • Other Room4 Level: Basement
  • Other Level Rooms: MudRoom
  • Level 1 Rooms: Bath(s) Other, Dining Room, Family Room, Foyer, GarEnter, Kitchen, Living Room, Pantry, Porch, Powder Room, SittngRm, Walkout
  • Level 2 Rooms: 4 Or More Bedrooms, Bath(s) Other, SittngRm
  • Level 3 Rooms: Attic
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Brick, Wood
  • Exterior Features: Barbeque, Curbs, Enclosed Porch(es), Patio, Thermal Windows/Doors, Underground Lawn Sprinkler
  • Roof Description: Composition Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: 1 Car Width, Additional Parking, Blacktop

Utilities

  • Cooling: 2 Units
  • Fuel Type: Gas-Natural
  • Heating: 3 Units
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: .502
  • Easement: Unknown
  • Lot Description: Level Lot, Open Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.50
  • Zoning: RES

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 27840
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-05303-0000-00007-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.283
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2022

MLS Schools

  • Grade School: Brayton

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
Jan 4, 2023
Closed on
Feb 21, 2023
Sold by
Berkery Joseph W and Berkery Ann C
Bought by
Seller's Agent
WINIFRED CAVAZINI
PROMINENT PROPERTIES SIR
Buyer's Agent
ELLEN FEELEY
LOIS SCHNEIDER REALTOR
List Price
$1,895,000
Sold Price
$2,050,000
Premium/Discount to List
$155,000
8.18%
Views
77
Current Estimated Value
$2,594,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$544,146
Avg. Annual Appreciation
6.96%
Original Mortgage
$1,640,000
Outstanding Balance
$1,569,773
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$1,024,373

Purchase Details

Closed on
Sep 1, 1994
Sold by
Young John W and Young Kathleen H
Bought by
Berkery Joseph W and Berkery Ann C
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

  • Mikaela Arpino Real Estate Agent - NJ Real Estate Boutique, LLC

    Mikaela Arpino

    NJ Real Estate Boutique, LLC

    (862) 860-1682

    337 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

    43 Total Sales

    1 in Summit

    $815,000 Price

    Jesse Flowers
     Section Image
  • Steph Mahon Real Estate Agent - Compass New Jersey

    Steph Mahon

    Compass New Jersey

    (833) 669-4351

    79 Total Sales

    2 in Summit

    $420K - $1.6M Price Range

    Steph Mahon
     Section Image
  • Mackenson Bonnet Real Estate Agent - WEICHERT REALTORS

    Mackenson Bonnet

    WEICHERT REALTORS

    (862) 272-3446

    61 Total Sales

    1 in Summit

    $465,000 Price

    Mackenson Bonnet
     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
$2,050,000 Chicago Title
Berkery Joseph W $760,000 --
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 $1,640,000
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
02/24/2023 02/24/23 Sold $2,050,000 +8.2% --
01/13/2023 01/13/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $1,895,000 -- --
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 $30,582 $684,000 $430,600 $253,400
2025 $30,582 $684,000 $430,600 $253,400
2024 $28,126 $684,000 $430,600 $253,400
2023 $28,126 $650,000 $430,600 $219,400
2022 $27,840 $650,000 $430,600 $219,400
2021 $28,061 $650,000 $430,600 $219,400
2020 $28,340 $650,000 $430,600 $219,400
2019 $28,373 $650,000 $430,600 $219,400
2018 $28,191 $650,000 $430,600 $219,400
2017 $28,373 $650,000 $430,600 $219,400
2016 $27,957 $650,000 $430,600 $219,400
2015 $27,411 $650,000 $430,600 $219,400
2014 $26,702 $650,000 $430,600 $219,400
Source: Public Records

Agents Affiliated with this Home

  • WC

    Seller's Agent in 2023

    WINIFRED CAVAZINI

    PROMINENT PROPERTIES SIR

  • RD

    Seller Co-Listing Agent in 2023

    ROSEMARY M DANGLER

    PROMINENT PROPERTIES SIR

  • EF

    Buyer's Agent in 2023

    ELLEN FEELEY

    LOIS SCHNEIDER REALTOR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3823030

Garden State MLS

APN: 18-05303-0000-00007

New Jersey Union County Summit 07901

7 Silver Lake Dr, Summit, NJ

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