NOT LISTED FOR SALE

70 Edgewood Rd Summit, NJ 07901

Estimated Value: $2,925,502 - $3,913,000

-- Bed
-- Bath
4,520 Sq Ft
$776/Sq Ft Est. Value

About This Home

This home is located at 70 Edgewood Rd, Summit, NJ 07901 and is currently estimated at $3,507,834, approximately $776 per square foot. 70 Edgewood Rd is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Kent Place School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2004
Sold by
Schlim Joseph
Bought by
Kenny George and Kenny Jacqueline
Current Estimated Value
$3,507,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,840,000
Outstanding Balance
$970,391
Interest Rate
6.12%
Estimated Equity
$2,358,808

Purchase Details

Closed on
Dec 17, 1999
Sold by
Cochrane James L and Cochrane Katherine S
Bought by
Schlim Joseph and Schlim Kristen

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
7.5%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 12, 1994
Sold by
Ramey Timothy
Bought by
Cochrane James and Cochrane Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$992,000
Interest Rate
7.11%
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
Kenny George $2,640,000 --
Schlim Joseph $1,636,000 Lawyers Title Insurance Corp
Cochrane James $1,240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kenny George $200,000
Open Kenny George C $615,739
Open Kenny George $1,840,000
Previous Owner Schlim Joseph $995,000
Previous Owner Schlim Joseph $1,000,000
Previous Owner Cochrane James $992,000
Source: Public Records

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 $43,270 $1,000,000 $483,700 $516,300
2023 $43,270 $1,000,000 $483,700 $516,300
2022 $42,830 $1,000,000 $483,700 $516,300
2021 $43,170 $1,000,000 $483,700 $516,300
2020 $43,600 $1,000,000 $483,700 $516,300
2019 $43,650 $1,000,000 $483,700 $516,300
2018 $43,370 $1,000,000 $483,700 $516,300
2017 $43,650 $1,000,000 $483,700 $516,300
2016 $43,010 $1,000,000 $483,700 $516,300
2015 $48,744 $1,155,900 $483,700 $672,200
2014 $47,484 $1,155,900 $483,700 $672,200
Source: Public Records

Map

New Jersey Union County Summit 07901

70 Edgewood Rd, Summit, NJ

This home is located at 70 Edgewood Rd, Summit, NJ 07901 and is currently estimated at $3,507,834, approximately $776 per square foot. 70 Edgewood Rd is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Kent Place School.

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.

Nearby Homes