NOT LISTED FOR SALE

71 Templar Way Summit, NJ 07901

Estimated Value: $2,467,633 - $2,802,000

6 Beds
6 Baths
4,556 Sq Ft
$577/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $1,750,000 $384 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $17,311/month

14 Days on Market

Highlights

  • Colonial Architecture
  • Living Room with Fireplace
  • Steam Shower
  • L C Johnson Summit Middle School Rated A+
  • Wood Flooring
  • Home Gym

About This Home

As of September 2020

Located on a quiet street on the Northside in the desirable Lincoln Hubbard school district, this classic all brick Center Hall Colonial offers four floors of living space with an open feel. Guests enter through an ample Foyer which leads to the Living Room on one side & the Dining Room on the other. Next to the Living Room is the light-filled Library. The chef's Kitchen is accented with sleek white cabinets, granite counters, a center island & stainless-steel appliances & is next to the Family Room. Front & back staircases lead to the 2nd fl. with 4 Bedrooms & 3 full Baths including the luxurious Master Suite. The 3rd fl is home to 2 additional Bedrooms & Hall Bath. The lower level features a Game Room, Exercise Room, Rec Room & Mudroom with access to the 2-car garage. The rear yard is large & flat.

Last Listed By

JILL BRAY

PROMINENT PROPERTIES SIR Listed on: 07/08/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,408

Year Built

  • Built in 1933 | Remodeled

Lot Details

  • 0.41 Acre Lot
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Paver Block

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slate Roof

Interior Spaces

  • 4,556 Sq Ft Home
  • Wood Burning Fireplace
  • Gas Fireplace
  • Blinds
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Library
  • Recreation Room with Fireplace
  • Game Room
  • Storage Room
  • Laundry Room
  • Utility Room
  • Home Gym

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

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

Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Storage Shed

Schools

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

Utilities

  • Central Air
  • Two Cooling Systems Mounted To A Wall/Window
  • Radiator
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-02405-0000-00014-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,408

Year Built

Built in 1933 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1933
  • Year Built Description: Renovated
  • County Name: Union
  • Exclusions: Washer & Dryer
  • Renovated Year: 2005
  • Street Number Display: 71
  • Directions: Essex to Robinhood to Right onto Templar Way
  • I D: 4994105
  • Modified: 2021-09-26
  • Number Images: 25
  • Section Subdiv Development: North Side
  • First Name: JILL
  • First Name3: SUZANNE
  • First Name4: JILL
  • Last Name: BRAY
  • Last Name3: LEAR
  • Last Name4: BRAY
  • Office Phone: 908-376-2725
  • Office Phone3: 908-868-5245
  • Office Phone4: 908-376-2725
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2005

Interior Features

  • Flooring: Carpeting, Wood
  • Fireplace Description: Gas Fireplace, Living Room, Rec Room, Wood Burning
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Disposal, Kitchen Exhaust Fan, Self Cleaning Oven, OvnWGas
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Cedar Closets, Fire Alarm Sys, Fire Extinguisher, Security System, Smoke Detector
  • Number Rooms: 15
  • 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: Stall Shower, Steam
  • Bathrooms: 4.20
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished, Walkout
  • Basement Level Rooms: Exercise Room, GameRoom, Laundry Room, Outside Entrance, Powder Room, Rec Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Dim: 18x17
  • Kitchen Level: First
  • Living Room Dim: 31x17
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 17x11
  • Other Room1 Level: Third
  • Other Room 2: Bedroom
  • Other Room2 Dim: 17x11
  • Other Room2 Level: Third
  • Other Room 3: Library
  • Other Room3 Dim: 18x18
  • Other Room3 Level: First
  • Other Room 4: Foyer
  • Other Room4 Dim: 28x9
  • Other Room4 Level: First
  • Level 1 Rooms: Dining Room, Family Room, Foyer, Kitchen, Library, Living Room, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: 2 Bedrooms, Bath(s) Other
  • Estimated Sq Ft: 4556
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Curbs, Patio, Storage Shed, Underground Lawn Sprinkler
  • Roof Description: Slate

Garage/Parking

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

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Radiators - Steam
  • Sewer: Public Sewer
  • Utilities: 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: 118X150
  • Assessed Improvement Value: 584700
  • Assessed Land Value: 226500
  • Assessment: 811200
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 14
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.41

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 35408
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-02405-0000-00014-0000-
  • 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
Jul 8, 2020
Closed on
Sep 23, 2020
Sold by
Collins Timothy J and Collins Amanda
Bought by
Galligan Cynthia and Alligan Paul G
Seller's Agent
JILL BRAY
PROMINENT PROPERTIES SIR
Buyer's Agent
Suzanne Lear
PROMINENT PROPERTIES SIR
List Price
$1,795,000
Sold Price
$1,750,000
Premium/Discount to List
-$45,000
-2.51%
Total Days on Market
14
Current Estimated Value
$2,629,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$879,211
Avg. Annual Appreciation
6.74%

Purchase Details

Closed on
May 19, 2004
Sold by
Hersperger Genevieve
Bought by
Collins Timothy and Collins Amanda

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
5.94%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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List 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
Galligan Cynthia $1,750,000 Simplicity Title Llc
Collins Timothy $1,710,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galligan Paul $250,000
Previous Owner Collins Timothy J $833,500
Previous Owner Collins Timothy $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2020 09/25/20 Sold $1,750,000 -2.5% $384 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $1,795,000 -- $394 / 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 $31,977 $739,000 $226,500 $512,500
2023 $31,977 $739,000 $226,500 $512,500
2022 $31,651 $739,000 $226,500 $512,500
2021 $31,903 $739,000 $226,500 $512,500
2020 $32,220 $739,000 $226,500 $512,500
2019 $35,409 $811,200 $226,500 $584,700
2018 $35,182 $811,200 $226,500 $584,700
2017 $35,409 $811,200 $226,500 $584,700
2016 $40,141 $933,300 $226,500 $706,800
2015 $39,357 $933,300 $226,500 $706,800
2014 $38,340 $933,300 $226,500 $706,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3646661

Garden State MLS

APN: 18-02405-0000-00014