NOT LISTED FOR SALE

8 Rotary Dr Summit, NJ 07901

Estimated Value: $1,698,000 - $1,989,000

5 Beds
4.5 Baths
-- Sq Ft
0.27 Acres

Last Sold May 06, 2016

Last sale price $900,000

Est. 106% increase in value since last sale

Current estimated payment $11,630/month

119 Days on Market

Highlights

  • Colonial Architecture
  • Recreation Room
  • Cathedral Ceiling
  • L C Johnson Summit Middle School Rated A+
  • Marble Flooring
  • Attic

About This Home

As of May 2016

MOTIVATED SELLER! EXCITING PRICE FOR THIS STATELY SUMMIT COLONIAL! A 5 Br. and 4.1 bath elegant home with columned brick front and sophisticated design, has spacious rooms & excellent floor plan! Just add your own decor to these spacious rooms. Architectural enhancements include French doors, detailed crown moldings, and custom painting. The white and bright Kitchen with eat-in area opens to a courtyard patio. Cheerful Great Room, Family Room/Library & bedroom suite/office all on first floor! Featuring 3 floors of spacious living, this well maintained home with great floor plan has a warm & welcoming ambiance. Close to town, NYC Trains and schools. Sought after street! Great value!

Last Agent to Sell the Property

LOUISE BIUNNO

COLDWELL BANKER REALTY Listed on: 10/16/2015

Last Buyer's Agent

Janine Rose

BHHS FOX & ROACH

BHHS FOX & ROACH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,594

Year Built

  • Built in 1963

Lot Details

  • 0.27 Acre Lot
  • Privacy Fence

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Additional Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Vinyl Siding
  • Tile

Interior Spaces

  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Utility Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Walk-In Closet
  • Powder Room
  • Soaking Tub
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

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
  • Cooling System Mounted In Outer Wall Opening
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-05303-0000-00001-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,594

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1963
  • County Name: Union
  • Exclusions: Contact Louise for exclusions; 18 chandeliers
  • Renovated Year: 2006
  • Street Number Display: 8
  • Directions: Ashland to Rotary Drive
  • I D: 4575856
  • Modified: 2021-09-23
  • Number Images: 19
  • First Name: LOUISE
  • First Name3: JANINE
  • Last Name: BIUNNO
  • Last Name3: ROSE
  • Office Phone: 908-313-8427
  • Office Phone3: 259411
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2006

Interior Features

  • Flooring: Carpeting, Tile, Marble, Wood
  • Fireplace Description: Family Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Disposal, Kitchen Exhaust Fan, Dryer, Microwave Oven, Sump Pump
  • Interior Amenities: Cathedral Ceiling, Fire Extinguisher, Skylight, Cedar Closets, High Ceilings, Smoke Detector, Security System, Carbon Monoxide Detector, Walk-In Closet
  • Number Rooms: 11
  • Bedrooms: 5
  • Master Bedroom Desc: 1st Floor, Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Soaking Tub, Tub Shower
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Full, Finished
  • Basement Level Rooms: Utility Room, Bath(s) Other, Rec Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 22x11
  • Kitchen Level: First
  • Living Room Dim: 22x15
  • Living Room Level: First
  • Other Room 1: Bedroom/Office
  • Other Room1 Dim: 15x13
  • Other Room1 Level: First
  • Other Room 2: Great Room
  • Other Room2 Dim: 20x16
  • Other Room2 Level: First
  • Other Room 3: Rec Room
  • Other Room3 Dim: 29x11
  • Other Room3 Level: Basement
  • Other Room 4: Foyer
  • Other Room4 Dim: 12x12
  • Other Room4 Level: First
  • Level 1 Rooms: 1 Bedroom, Foyer, Great Room, Living Room, Family Room, Kitchen, Bath(s) Other, Dining Room, Powder Room
  • Level 2 Rooms: Bath Main, 4 Or More Bedrooms, Bath(s) Other
  • Level 3 Rooms: Attic
  • Ground Level Rooms: Laundry Room
  • Phone: 908-522-1800

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: Patio, Privacy Fence
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 4
  • Parking Driveway Description: 1 Car Width, Additional Parking, Blacktop

Utilities

  • Cooling: 1 Unit, Ceiling Fan, Wall A/C Unit(s), Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

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

Lot Info

  • Lot Size: 0.265
  • Assessed Improvement Value: 305900
  • Assessed Land Value: 244100
  • Assessment: 550000
  • Easement: Unknown
  • Lot Identifier: 1
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.27

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 22594
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-05303-0000-00001-0000-
  • Tax Rate Amount: 4.108
  • Tax Rate Tax: *
  • Tax Rate Year: 2014
  • Tax Year Tax: *
  • Tax Year: 2014

MLS Schools

  • Grade School: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2015
Closed on
May 5, 2016
Sold by
Ryan Nancy H
Bought by
Karapetian Alex L and Azarian Lesli
Seller's Agent
LOUISE BIUNNO
COLDWELL BANKER REALTY
Buyer's Agent
Janine Rose
BHHS FOX & ROACH
List Price
$999,999
Sold Price
$900,000
Premium/Discount to List
-$99,999
-10%
Total Days on Market
119
Current Estimated Value
$1,851,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$951,690
Avg. Annual Appreciation
7.64%
Original Mortgage
$720,000
Outstanding Balance
$588,700
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$1,166,872

Purchase Details

Closed on
Apr 15, 1998
Sold by
Anderson Eric C and Anderson Elizabeth S
Bought by
Ryan James K and Ryan Nancy H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
7.12%
Source: Public Records

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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
Karapetian Alex L $900,000 --
Ryan James K $585,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karapetian Alex L $720,000
Previous Owner Ryan James K $286,273
Previous Owner Ryan James K $310,000
Previous Owner Ryan James K $468,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2016 05/06/16 Sold $900,000 -10.0% --
02/12/2016 02/12/16 Pending -- -- --
10/16/2015 10/16/15 For Sale $999,999 -- --
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 $21,635 $500,000 $244,100 $255,900
2023 $21,635 $500,000 $244,100 $255,900
2022 $21,415 $500,000 $244,100 $255,900
2021 $21,585 $500,000 $244,100 $255,900
2020 $21,800 $500,000 $244,100 $255,900
2019 $21,825 $500,000 $244,100 $255,900
2018 $21,685 $500,000 $244,100 $255,900
2017 $24,008 $550,000 $244,100 $305,900
2016 $23,656 $550,000 $244,100 $305,900
2015 $23,194 $550,000 $244,100 $305,900
2014 $22,594 $550,000 $244,100 $305,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3260453

Garden State MLS

APN: 18-05303-0000-00001