NOT LISTED FOR SALE

85 Hobart Ave Summit, NJ 07901

Estimated Value: $3,668,000 - $5,210,972

-- Bed
-- Bath
6,277 Sq Ft
$739/Sq Ft Est. Value

About This Home

This home is located at 85 Hobart Ave, Summit, NJ 07901 and is currently estimated at $4,639,657, approximately $739 per square foot. 85 Hobart 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 1998
Sold by
Corcoran Marie L
Bought by
Lipper A Michael and Lipper Ruth C
Current Estimated Value
$4,639,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.54%

Purchase Details

Closed on
Jun 12, 1996
Sold by
Corcoran Jerome J and Corcoran Marie L
Bought by
Corcoran Marie L

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Lipper A Michael $1,950,000 Fidelity National Title Ins
Corcoran Marie L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lipper A Michael $844,000
Closed Lipper A Michael $1,000,000
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
2024 $68,293 $1,578,300 $646,300 $932,000
2023 $68,293 $1,578,300 $646,300 $932,000
2022 $67,599 $1,578,300 $646,300 $932,000
2021 $68,135 $1,578,300 $646,300 $932,000
2020 $68,814 $1,578,300 $646,300 $932,000
2019 $68,893 $1,578,300 $646,300 $932,000
2018 $68,451 $1,578,300 $646,300 $932,000
2017 $68,893 $1,578,300 $646,300 $932,000
2016 $67,883 $1,578,300 $646,300 $932,000
2015 $66,557 $1,578,300 $646,300 $932,000
2014 $64,837 $1,578,300 $646,300 $932,000
Source: Public Records

Map

New Jersey Union County Summit 07901

85 Hobart Ave, Summit, NJ

Homes for Sale in Summit, NJ

This home is located at 85 Hobart Ave, Summit, NJ 07901 and is currently estimated at $4,639,657, approximately $739 per square foot. 85 Hobart 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.

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