NOT LISTED FOR SALE

77 Springfield Ave Summit, NJ 07901

Estimated Value: $618,000 - $983,386

-- Bed
-- Bath
2,618 Sq Ft
$337/Sq Ft Est. Value

Last Sold November 03, 2023

Last sale price $675,000 $258 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,566/month

13 Days on Market

About This Home

As of November 2023

This home is located at 77 Springfield Ave, Summit, NJ 07901 since 27 July 2023 and is currently estimated at $883,347, approximately $337 per square foot. This property was built in 1900. 77 Springfield Ave 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.

Last Agent to Sell the Property

DIANE TERRY

KELLER WILLIAMS REALTY Brokerage Phone: 908-273-2991 Listed on: 07/27/2023

Last Buyer's Agent

SEAN WATSON

KELLER WILLIAMS METROPOLITAN

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.3 Acre Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Year Built: 1900
  • County Name: Union
  • I D: 5235263
  • Attribution Contact: 908-273-2991
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: .31
  • Total Acres: 0.30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2024
Sold by
3 Parkside Llc
Bought by
Summit Executive Services Llc
Current Estimated Value
$883,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$877,500
Outstanding Balance
$868,902
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$14,445

Purchase Details

Listed on
Jul 27, 2023
Closed on
Nov 28, 2023
Sold by
Summit Enterprise Holdings Llc
Bought by
3 Parkside Llc
Seller's Agent
DIANE TERRY
KELLER WILLIAMS REALTY
Buyer's Agent
SEAN WATSON
KELLER WILLIAMS METROPOLITAN
List Price
$499,000
Sold Price
$675,000
Premium/Discount to List
$176,000
35.27%
Views
116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%
Original Mortgage
$773,000
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 27, 2023
Closed on
Oct 6, 2023
Sold by
Wesley K And Sarah K Burton Realty Llc
Bought by
Summit Enterprise Holdings Llc
Seller's Agent
DIANE TERRY
KELLER WILLIAMS REALTY
Buyer's Agent
SEAN WATSON
KELLER WILLIAMS METROPOLITAN
List Price
$499,000
Sold Price
$675,000
Premium/Discount to List
$176,000
35.27%
Views
116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$773,000
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 1998
Sold by
Burton Wesley K
Bought by
Parisi Builders Inc

Purchase Details

Closed on
Jan 8, 1998
Sold by
Burton Wesley K and Burton Sarah K
Bought by
Burton Wesley K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Summit Executive Services Llc -- Foundation Title
Summit Executive Services Llc -- Foundation Title
Summit Executive Services Llc -- Foundation Title
3 Parkside Llc -- Foundation Title
3 Parkside Llc -- Foundation Title
Summit Enterprise Holdings Llc $675,000 Foundation Title
Summit Enterprise Holdings Llc $675,000 Foundation Title
Parisi Builders Inc $80,000 Lawyers Title Insurance Corp
Burton Wesley K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Summit Executive Services Llc $877,500
Closed Summit Executive Services Llc $877,500
Previous Owner 3 Parkside Llc $773,000
Previous Owner Summit Enterprise Holdings Llc $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2023 11/03/23 Sold $675,000 0.0% $258 / Sq Ft
08/09/2023 08/09/23 Pending -- -- --
08/08/2023 08/08/23 Off Market $675,000 -- --
07/27/2023 07/27/23 For Sale $499,000 -- $191 / 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
2025 $11,426 $363,700 $83,600 $280,100
2024 $11,350 $262,300 $83,600 $178,700
2023 $11,350 $262,300 $83,600 $178,700
2022 $11,234 $262,300 $83,600 $178,700
2021 $11,323 $262,300 $83,600 $178,700
2020 $11,436 $262,300 $83,600 $178,700
2019 $11,449 $262,300 $83,600 $178,700
2018 $11,376 $262,300 $83,600 $178,700
2017 $11,449 $262,300 $83,600 $178,700
2016 $11,282 $262,300 $83,600 $178,700
2015 $11,061 $262,300 $83,600 $178,700
2014 -- $262,300 $83,600 $178,700
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    DIANE TERRY

    KELLER WILLIAMS REALTY

  • S

    Buyer's Agent in 2023

    SEAN WATSON

    KELLER WILLIAMS METROPOLITAN

See All Agents

Map

Source: Garden State MLS

MLS Number: 3856647

Garden State MLS

APN: 18-03702-0000-00023

New Jersey Union County Summit 07901

77 Springfield Ave, Summit, NJ

Not Listed for Sale

MultiFamily

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