NOT LISTED FOR SALE

8 Cromwell Pkwy Summit, NJ 07901

Estimated Value: $701,000 - $1,168,601

2 Beds
1 Bath
-- Sq Ft
0.38 Acres

Last Sold January 27, 2023

Last sale price $778,000

Est. 31% increase in value since last sale

Current estimated payment $6,239/month

15 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Corner Lot
  • L C Johnson Summit Middle School Rated A+
  • Attic
  • Formal Dining Room

About This Home

As of January 2023

Sun filled brick Ranch with a Front porch, set on a Large corner lot, a quiet street, Living Room w/wood burning fireplace, Formal Dining Room, 2 Bedrooms, 1 with a sitting room, Kitchen with Granite counter tops and entrance to the back yard, Tiled Bath with a Tub over Shower, freshly refinished oak floors, freshly painted basement and over sized garage with GDO with an inside entrance, Fenced back yard, side yard has a storage shed, in Immaculate Move in Condition, a Block to the Bus for NYC, Less than a mile to Downtown Summit and Train to NYC. VACANT

Last Agent to Sell the Property

JOSEPH GRASSO

KELLER WILLIAMS REALTY Brokerage Phone: 908-377-3802 Listed on: 12/01/2022

Last Buyer's Agent

KELLY FINN POLISIN

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,886

Year Built

  • Built in 1954

Lot Details

  • Wood Fence
  • Corner Lot
  • Open Lot

Parking

  • 1 Car Garage
  • Oversized Parking
  • Inside Entrance
  • Garage Door Opener
  • Parking Garage Space
  • Off-Street Parking

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Vinyl Siding
  • Clapboard
  • Tile

Interior Spaces

  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Utility Room
  • Laundry Room
  • Basement Fills Entire Space Under The House
  • Attic

Kitchen

  • Butlers Pantry
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Porch

Schools

  • Franklin Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Water Tap or Transfer Fee
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-01801-0000-00007-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,886

Year Built

Built in 1954

Lot Details

0

Parking

1

Listing Details

  • Style: Ranch
  • Primary Style: Ranch
  • Subproperty Type: Single Family
  • Year Built: 1954
  • Year Built Description: Approximate
  • County Name: Union
  • Directions: Springfield Avenue to Fairview first street on the Right is Cromwell Parkway
  • I D: 5178419
  • Section Subdiv Development: Cromwell Estates
  • First Name: JOSEPH
  • First Name3: KELLY
  • First Name4: SUSAN
  • Last Name: GRASSO
  • Last Name3: FINN POLISIN
  • Last Name4: ADLER
  • Office Phone3: 973-376-0033
  • Attribution Contact: 908-377-3802
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2012

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator
  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, TubShowr
  • Bedrooms: 2
  • Master Bedroom Desc: 1st Floor
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Full
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Kitchen Area: Not Eat-In Kitchen, Pantry
  • Kitchen Dim: 11x11
  • Kitchen Level: First
  • Living Room Dim: 20x13
  • Living Room Level: First
  • Other Room 1: SittngRm
  • Other Room1 Dim: 11x11
  • Other Room1 Level: First
  • Other Room 2: Rec Room
  • Other Room2 Dim: 27x24
  • Other Room2 Level: Basement
  • Level 1 Rooms: 2 Bedrooms, Bath Main, Dining Room, Living Room, Porch
  • Level 2 Rooms: Attic
  • Ground Level Rooms: Inside Entrance, Laundry Room, Utility Room
  • Phone: 908-273-2991

Exterior Features

  • Exterior Description: Brick, Clapboard, Vinyl Siding
  • Exterior Features: Storm Door(s), Wood Fence
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Garage Parking, Oversize Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 4
  • Parking Driveway Description: 2 Car Width, Blacktop, Off-Street Parking

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Sewer Charge Extra
  • Utilities: Electric, Gas-Natural
  • Water: Water Charge Extra
  • Water Heater: Gas

Schools

  • High School: Summit HS
  • Middle Jr High School: Summit MS

Lot Info

  • Lot Size: 151X110
  • Easement: Unknown
  • Lot Description: Corner, Open Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Zoning: Res

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: 9886
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-01801-0000-00007-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.317
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2022
Closed on
Jan 26, 2023
Sold by
Lombardi Samuel D
Bought by
Li Zhang and Wu Huijuan
Seller's Agent
JOSEPH GRASSO
KELLER WILLIAMS REALTY
Buyer's Agent
KELLY FINN POLISIN
PROMINENT PROPERTIES SIR
List Price
$720,000
Sold Price
$778,000
Premium/Discount to List
$58,000
8.06%
Views
26
Current Estimated Value
$1,018,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,150
Avg. Annual Appreciation
10.05%
Original Mortgage
$500,000
Outstanding Balance
$484,255
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$533,895
Source: Public Records

Range of Values:

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Average Value
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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
Li Zhang $778,000 First American Title
Zhang Li $778,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Li $500,000
Closed Zhang Li $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2023 01/27/23 Sold $778,000 +8.1% --
12/16/2022 12/16/22 Pending -- -- --
12/01/2022 12/01/22 For Sale $720,000 -- --
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 $10,481 $429,000 $157,000 $272,000
2024 $10,411 $240,600 $157,000 $83,600
2023 $10,411 $240,600 $157,000 $83,600
2022 $10,305 $240,600 $157,000 $83,600
2021 $10,387 $240,600 $157,000 $83,600
2020 $10,490 $240,600 $157,000 $83,600
2019 $10,502 $240,600 $157,000 $83,600
2018 $10,435 $240,600 $157,000 $83,600
2017 $10,502 $240,600 $157,000 $83,600
2016 $10,348 $240,600 $157,000 $83,600
2015 $9,646 $240,600 $157,000 $83,600
2014 $9,384 $240,600 $157,000 $83,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    JOSEPH GRASSO

    KELLER WILLIAMS REALTY

  • K

    Buyer's Agent in 2023

    KELLY FINN POLISIN

    PROMINENT PROPERTIES SIR

  • S

    Buyer Co-Listing Agent in 2023

    SUSAN ADLER

    KELLER WILLIAMS REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3819968

Garden State MLS

APN: 18-01801-0000-00007

New Jersey Union County Summit 07901

8 Cromwell Pkwy, Summit, NJ

Not Listed for Sale

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