NOT LISTED FOR SALE

70 Templar Way Summit, NJ 07901

Estimated Value: $2,644,707 - $2,889,000

5 Beds
4.5 Baths
5,500 Sq Ft
$503/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $1,900,000 $345 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $18,299/month

30 Days on Market

Highlights

  • Colonial Architecture
  • Recreation Room
  • Attic
  • L C Johnson Summit Middle School Rated A+
  • Wood Flooring
  • High Ceiling

About This Home

As of September 2020

Newly Constructed Colonial, 10 year home owners warranty, built by Mountainview Developments, reflects today's lifestyle amenities, inspiring modern tableau for casual living, enhanced by rooms ideal for formal entertaining. This home showcases impeccable attention to details in the open, flowing floor plan, stylized moldings, higher ceilings & hardwood floors. Enrichments feature a gourmet kitchen with center island, custom crafted cabinetry, quartz workstations & state of the art appliances, a sumptuous master bedroom w/ tray ceiling, luxurious bath w/ soaking tub & shower along with a private first floor in-law / au pair suite. The carpeted basement over 550 sq feet includes a recreation room, game room & mud room. Privacy abounds in the rear yard perfect for patio entertaining & recreational activities.

Last Listed By

ARLENE GORMAN GONNELLA

WEICHERT REALTORS Listed on: 07/21/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,362

Year Built

  • Built in 2020

Lot Details

  • 0.54 Acre Lot
  • Level Lot

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Paver Block
  • Additional Parking

Home Design

  • Colonial Architecture
  • Composition Shingle Roof
  • Stone Siding
  • Composition Shingle
  • Tile

Interior Spaces

  • 5,500 Sq Ft Home
  • High Ceiling
  • Gas Fireplace
  • Thermal Windows
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Recreation Room
  • Game Room
  • Utility Room
  • Laundry Room
  • Attic

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

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

Finished Basement

  • Walk-Out Basement
  • Garage Access

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
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-02403-0000-00009-0002-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,362

Year Built

Built in 2020

Lot Details

0

Parking

3

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2020
  • Year Built Description: Approximate
  • County Name: Union
  • Street Number Display: 70
  • Directions: North on Essex Rd, turn right to Robin Hood, right on Templar Way
  • I D: 5000960
  • Modified: 2021-10-01
  • Number Images: 25
  • Section Subdiv Development: Northside
  • First Name: ARLENE GORMAN
  • First Name3: KATHRYN
  • Last Name: GONNELLA
  • Last Name3: ORAM
  • Office Phone: 973-376-4545
  • Office Phone3: 973-539-9151
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Family Room, Gas Fireplace
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Jennaire Type, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Self Cleaning Oven, WineRefr
  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Security System, Smoke Detector, SoakTub, StallShw, StallTub, TubShowr, Walk-In Closet
  • Number Rooms: 12
  • Bedrooms: 5
  • 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: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished
  • Basement Level Rooms: GameRoom, GarEnter, MudRoom, Rec Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, Full Bath
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Dim: 27x17
  • Kitchen Level: First
  • Living Room Dim: 14x18
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 13x20
  • Other Room1 Level: First
  • Other Room 2: Rec Room
  • Other Room2 Dim: 18x19
  • Other Room2 Level: Basement
  • Other Room 3: Foyer
  • Other Room3 Dim: 10x14
  • Other Room3 Level: First
  • Other Room 4: Laundry Room
  • Other Room4 Dim: 18x14
  • Other Room4 Level: Second
  • Other Level Rooms: MudRoom
  • Level 1 Rooms: 1 Bedroom, Bath(s) Other, Breakfast Room, Dining Room, Family Room, Foyer, Kitchen, Living Room, Powder Room, Walkout
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, Laundry Room
  • Level 3 Rooms: Attic
  • Estimated Sq Ft: 5500
  • Phone: 973-376-4545

Exterior Features

  • Exterior Description: Composition Shingle, Stone
  • Exterior Features: Curbs, Patio, Thermal Windows/Doors
  • Roof Description: Composition Shingle

Garage/Parking

  • Garage Description: Attached Garage, Finished Garage, Garage Door Opener
  • Number Garage Spaces: 3
  • Parking Driveway Description: 1 Car Width, Additional Parking, Lighting, Paver Block

Utilities

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

Condo/Co-op/Association

  • Home Warranty: Yes

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: 0.541
  • Assessed Land Value: 260300
  • Assessment: 260300
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 9.2
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.54
  • Zoning: Residential

Tax Info

  • Tax Acres: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 11362
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-02403-0000-00009-0002-
  • 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
Jul 21, 2020
Closed on
Sep 30, 2020
Sold by
Mountain View Developments Of Nj Llc
Bought by
Fehskens Jay and Sawyer Rebecca
Seller's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
Buyer's Agent
KATHRYN ORAM
GODBY REALTORS
List Price
$2,188,000
Sold Price
$1,900,000
Premium/Discount to List
-$288,000
-13.16%
Total Days on Market
30
Current Estimated Value
$2,765,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$865,569
Avg. Annual Appreciation
5.87%
Original Mortgage
$700,000
Outstanding Balance
$635,141
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,840,313

Purchase Details

Closed on
Oct 31, 2017
Sold by
Mountain View Developments Of Nj Llc
Bought by
Mountin View Development Of Nj Llc

Range of Values:

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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
Fehskens Jay $1,900,000 Prestige Title Agency Inc
Mountin View Development Of Nj Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fehskens Jay $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $1,900,000 -4.0% $345 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
08/05/2020 08/05/20 Price Changed $1,980,000 -9.5% $360 / Sq Ft
07/21/2020 07/21/20 For Sale $2,188,000 -- $398 / 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 $34,716 $802,300 $260,300 $542,000
2023 $34,716 $802,300 $260,300 $542,000
2022 $34,363 $802,300 $260,300 $542,000
2021 $34,635 $802,300 $260,300 $542,000
2020 $11,349 $260,300 $260,300 $0
2019 $11,362 $260,300 $260,300 $0
2018 $11,289 $260,300 $260,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3650258

Garden State MLS

APN: 18 02403-0000-00009- 02