NOT LISTED FOR SALE

85 Prospect Hill Ave Summit, NJ 07901

Estimated Value: $4,740,045 - $7,425,000

4 Beds
6 Baths
3,574 Sq Ft
$1,655/Sq Ft Est. Value

Last Sold November 21, 2013

Last sale price $3,375,000 $944 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $37,064/month

About This Home

As of November 2013

This home is located at 85 Prospect Hill Ave, Summit, NJ 07901 since 21 November 2013 and is currently estimated at $5,913,761, approximately $1,654 per square foot. 85 Prospect Hill 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.

Last Agent to Sell the Property

Suzanne Lear

PROMINENT PROPERTIES SIR Brokerage Phone: 908-277-1398 Listed on: 11/21/2013

Last Buyer's Agent

JOANNE C. MAHANEY

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Lot Details

  • 1.31 Acre Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • County Name: Union
  • I D: 4343090
  • Attribution Contact: 908-277-1398
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 5.10

Lot Info

  • Lot Size: 1.31
  • Total Acres: 1.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2013
Closed on
Nov 12, 2013
Sold by
Hilton Andre N and Hilton Melissa
Bought by
Myers Todd B and Myers Megan J
Seller's Agent
Suzanne Lear
PROMINENT PROPERTIES SIR
Buyer's Agent
JOANNE C. MAHANEY
PROMINENT PROPERTIES SIR
Sold Price
$3,375,000
Current Estimated Value
$5,913,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,538,761
Avg. Annual Appreciation
4.73%

Purchase Details

Closed on
Jul 31, 1998
Sold by
Siboni Roger S and Siboni Joan P
Bought by
Hilton Andre N and Hilton Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
6.75%

Purchase Details

Closed on
Dec 27, 1996
Sold by
Vanallen W Kent and Vanallen Katherine F
Bought by
Siboni Roger S and Siboni Joan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
7.48%

Purchase Details

Closed on
Sep 21, 1994
Sold by
Tully John W and Tully Susan G
Bought by
Vanallen W Kent and Vanallen Katherine F
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Myers Todd B $3,375,000 Fidelity National Title Co
Hilton Andre N $1,750,000 --
Siboni Roger S $1,500,000 --
Vanallen W Kent $1,655,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hilton Andre N $1,225,000
Previous Owner Siboni Roger S $1,275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2013 11/21/13 Sold $3,375,000 -- $944 / 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
2025 $74,052 $1,700,000 $673,000 $1,027,000
2024 $73,559 $1,700,000 $673,000 $1,027,000
2023 $73,559 $1,700,000 $673,000 $1,027,000
2022 $72,811 $1,700,000 $673,000 $1,027,000
2021 $73,389 $1,700,000 $673,000 $1,027,000
2020 $74,120 $1,700,000 $673,000 $1,027,000
2019 $74,205 $1,700,000 $673,000 $1,027,000
2018 $73,729 $1,700,000 $673,000 $1,027,000
2017 $83,048 $1,902,600 $673,000 $1,229,600
2016 $60,214 $1,400,000 $673,000 $727,000
2015 $59,038 $1,400,000 $673,000 $727,000
2014 $57,512 $1,400,000 $673,000 $727,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Suzanne Lear

    PROMINENT PROPERTIES SIR

    (908) 376-2720

    58 in this area

    114 Total Sales

    Suzanne Lear
    Section Image

  • J

    Buyer's Agent in 2013

    JOANNE C. MAHANEY

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3044355

Garden State MLS

APN: 18-03501-0000-00042

New Jersey Union County Summit 07901

85 Prospect Hill Ave, Summit, NJ

Not Listed for Sale

Detached

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