NOT LISTED FOR SALE

8 Franklin Place Summit, NJ 07901

Estimated Value: $1,103,000 - $1,697,321

4 Beds
5 Baths
2,860 Sq Ft
$520/Sq Ft Est. Value

About This Home

This home is located at 8 Franklin Place, Summit, NJ 07901 and is currently estimated at $1,488,580, approximately $520 per square foot. 8 Franklin Place 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2021
Sold by
Dow Mark S
Bought by
40 Cottage Street Llc and Gail Warning Llc
Current Estimated Value
$1,488,580

Purchase Details

Closed on
Mar 26, 1998
Sold by
Chapman Richard H and Chapman Anne W
Bought by
Dow Mark S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,000
Interest Rate
5.62%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

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First American

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Quantarium

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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
40 Cottage Street Llc $1,125,000 Cortes & Hay Title Agcy Inc
Dow Mark S $552,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dow Mark S $442,000
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 $16,971 $389,600 $348,800 $40,800
2024 $16,858 $389,600 $348,800 $40,800
2023 $16,858 $389,600 $348,800 $40,800
2022 $16,687 $389,600 $348,800 $40,800
2021 $15,956 $369,600 $348,800 $20,800
2020 $16,115 $369,600 $348,800 $20,800
2019 $16,133 $369,600 $348,800 $20,800
2018 $16,030 $369,600 $348,800 $20,800
2017 $16,133 $369,600 $348,800 $20,800
2016 $15,897 $369,600 $348,800 $20,800
2015 $15,586 $369,600 $348,800 $20,800
2014 $15,183 $369,600 $348,800 $20,800
Source: Public Records

Map

New Jersey Union County Summit 07901

8 Franklin Place, Summit, NJ

Not Listed for Sale

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