NOT LISTED FOR SALE

71 Summit Rd Parsippany, NJ 07054

Estimated Value: $642,226 - $818,000

-- Bed
-- Bath
1,802 Sq Ft
$403/Sq Ft Est. Value

About This Home

This home is located at 71 Summit Rd, Parsippany, NJ 07054 and is currently estimated at $726,557, approximately $403 per square foot. 71 Summit Rd is a home located in Morris County with nearby schools including Lake Parsippany Elementary School, Brooklawn Middle School, and Parsippany Hills High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2023
Sold by
Patel Trushar S and Patel Hemanti
Bought by
Vachhani Ravi and Vachhani Hiral R
Current Estimated Value
$726,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$493,000
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2018
Sold by
Patel Turshar S and Patel Truschar S
Bought by
Patel Trushar S and Patel Hemanti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 1996
Sold by
Tedesco Contracting Inc
Bought by
Patel Truschar S and Patel Hemanti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,900
Interest Rate
6%
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.

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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.

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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.

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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.

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Average Value
Not Available
List Price
Sold Price
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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
Vachhani Ravi $593,000 Fidelity National Title
Patel Trushar S -- None Available
Patel Truschar S $229,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vachhani Ravi $493,000
Previous Owner Patel Trushar S $233,500
Previous Owner Patel Truschar S $183,900
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
2025 $11,276 $325,600 $134,500 $191,100
2024 $11,061 $325,600 $134,500 $191,100
2023 $11,061 $325,600 $134,500 $191,100
2022 $10,318 $325,600 $134,500 $191,100
2021 $10,318 $325,600 $134,500 $191,100
2020 $10,074 $325,600 $134,500 $191,100
2019 $9,804 $325,600 $134,500 $191,100
2018 $9,589 $325,600 $134,500 $191,100
2017 $9,374 $325,600 $134,500 $191,100
2016 $9,211 $325,600 $134,500 $191,100
2015 $8,967 $325,600 $134,500 $191,100
2014 $8,850 $325,600 $134,500 $191,100
Source: Public Records

Map

New Jersey Morris County Parsippany 07054

71 Summit Rd, Parsippany, NJ

Not Listed for Sale

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