NOT LISTED FOR SALE

82 Franklin Place Summit, NJ 07901

Estimated Value: $1,143,594

2 Beds
2.5 Baths
1,955 Sq Ft
$611/mo HOA Fee

Last Sold February 04, 2020

Last sale price $830,000 $425 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,974/month

231 Days on Market

Highlights

  • Deck
  • 2-minute walk to Summit
  • Main Floor Bedroom
  • L C Johnson Summit Middle School Rated A+
  • Wood Flooring
  • 4-minute walk to Mabie Memorial Playground

About This Home

As of February 2020

Beechwood One. Luxury. Lifestyle. Location....The Beechwood I duplex one of fourteen homes at The Village Courtyard, a new and exciting Condominium development located in the heart of    of Summit's vibrant Downtown. Take in the vibe of Summit's restaurants, outdoor dining, shops, fields and community events amidst walkable tree-lined city streets, and still be just a few steps to Mid-town Direct commuter trains to New York City.Step in and savor New York City chic style that you'll find in each of these condominium, where top amenities and fine architectural details prevail throughout each exquisitely finished dwelling, a central parklike courtyard with gazebo and sitting areas, guest onsite parking, and much more....

Last Agent to Sell the Property

MARTHA MCDONNELL

PROMINENT PROPERTIES SIR Listed on: 04/20/2019

Last Buyer's Agent

NANCY R BURROWS

LOIS SCHNEIDER REALTOR

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2018 | Under Construction

Lot Details

  • Sprinkler System

HOA Fees

  • $611 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Inside Entrance
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Tile

Interior Spaces

  • 1,955 Sq Ft Home
  • High Ceiling
  • Living Room with Fireplace
  • Family or Dining Combination
  • Wood Flooring
  • Laundry Room

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room

Home Security

Outdoor Features

  • Deck
  • Gazebo
  • Pergola
  • Porch

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2918-03401-0000-00004-0001-
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 2018 | Under Construction

Lot Details

0

HOA Fees

$611 per month

Parking

1

Listing Details

  • Style: Multi Floor Unit
  • Primary Style: Multi Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 2018
  • Year Built Description: Under Construction
  • County Name: Union
  • Street Number Display: 82
  • Directions: Summit Avenue to Franklin Place UNIT # 9
  • I D: 4856665
  • Modified: 2021-09-23
  • Number Images: 24
  • Section Subdiv Development: The Village Courtyard
  • First Name: MARTHA
  • First Name3: NANCY R
  • Last Name: MCDONNELL
  • Last Name3: BURROWS
  • Office Phone: 973-301-0307
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Central Vacuum, Range/Oven-Gas, Refrigerator, Dishwasher, Disposal, Microwave Oven
  • Interior Amenities: TubShowr, Walk-In Closet, Fire Alarm Sys, StallTub, Fire Extinguisher, Carbon Monoxide Detector, High Ceilings, Smoke Detector
  • Number Rooms: 6
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: First
  • Bedroom 2 Level: Ground
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Center Island
  • Kitchen Dim: 13x14
  • Kitchen Level: First
  • Living Room Dim: 15x14
  • Living Room Level: First
  • Level 1 Rooms: 1 Bedroom, Bath Main, InsdEntr, Powder Room
  • Estimated Sq Ft: 1955
  • Ground Level Rooms: 1 Bedroom, Laundry Room, GarEnter, Bath Main, Inside Entrance
  • Phone: 908-277-1398

Exterior Features

  • Exterior Description: ConcBrd
  • Exterior Features: Underground Lawn Sprinkler, Pergola, Gazebo, Open Porch(es), Deck
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage, InEntrnc
  • Number Garage Spaces: 1
  • Number Parking Spaces: 1
  • Parking Driveway Description: Assigned, Blacktop

Utilities

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

Condo/Co-op/Association

  • Association Maintenance Fee: 611
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area

Fee Information

  • Other Fee Freqency: One Time

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

  • Easement: Unknown
  • Lot Identifier: 4.1
  • Lot I D Tax: *
  • Lot Size Tax: *

Rental Info

  • Application Fee: 1200
  • Pets Allowed: Yes

Tax Info

  • Street Number Tax: *
  • Assessor Parcel Number: 2918-03401-0000-00004-0001-
  • Tax Rate Amount: 4.337
  • Tax Rate Year: 2018
  • Tax Year: 2018

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2019
Closed on
Feb 4, 2020
Sold by
68 72 Franklin Place Llc
Bought by
Gross Jared B
Seller's Agent
MARTHA MCDONNELL
PROMINENT PROPERTIES SIR
Buyer's Agent
NANCY R BURROWS
LOIS SCHNEIDER REALTOR
List Price
$1,075,000
Sold Price
$830,000
Premium/Discount to List
-$245,000
-22.79%
Current Estimated Value
$1,143,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,594
Avg. Annual Appreciation
5.51%
Original Mortgage
$581,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2015
Sold by
68-72 Franklin Place Llc
Bought by
68-72 Franklin Place Llc

Purchase Details

Closed on
Mar 30, 2002
Sold by
Liebman Peter and Liebman Cynthia
Bought by
68-72 Franklin Place Llc
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
Gross Jared B $830,000 Simplicity Title Llc
68-72 Franklin Place Llc -- None Available
68-72 Franklin Place Llc -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Butyrev Alexey $648,000
Closed Gross Jared B $581,000
Previous Owner 68-72 Franklin Place Llc $9,906,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2020 02/04/20 Sold $830,000 -7.7% $425 / Sq Ft
12/07/2019 12/07/19 Pending -- -- --
10/05/2019 10/05/19 Price Changed $899,000 -16.4% $460 / Sq Ft
04/20/2019 04/20/19 For Sale $1,075,000 -- $550 / 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 -- $0 $0 $0
2023 -- $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $48,670 $1,115,000 $1,115,000 $0
2016 $47,956 $1,115,000 $1,115,000 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    MARTHA MCDONNELL

    PROMINENT PROPERTIES SIR

  • N

    Buyer's Agent in 2020

    NANCY R BURROWS

    LOIS SCHNEIDER REALTOR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3549437

Garden State MLS

APN: 18-03401-0000-00004-01

New Jersey Union County Summit 07901

82 Franklin Place, Summit, NJ

This home is located at 82 Franklin Place, Summit, NJ 07901 since 20 April 2019 and is currently estimated at $1,143,594, approximately $584 per square foot. This property was built in 2018. 82 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.

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