NOT LISTED FOR SALE

85 Summit Ave Fords, NJ 08863

Estimated Value: $548,213 - $705,000

Studio
-- Bath
-- Sq Ft
0.26 Acres

Last Sold February 08, 2022

Last sale price $500,000

Est. 30% increase in value since last sale

Current estimated payment $4,340/month

114 Days on Market

Highlights

  • Deck
  • Carpet
  • Radiator

About This Home

As of February 2022

Great opportunity to own a Two family house in desirable residential area on a large lot (75x150). Recent updates: 2 Heating systems, 2 water heater, electrical service, sewer system First floor aprtmnt has 2 bedrms + study been used as a third bedroom, living room & dining room. Kitchen.Clean basement with fam. room, laundry and storage rooms. Second floor aprtmnt has 3 bedrms + family room been used as a 4th bedroom. Living room ,spacious EIK with ceramic floor, sliding door to large deck, extra storage room. Driveway for 6 cars + street parking. Conveniently close to all major highways, Woodbridge and Menlo Park Malls and Metro Park train station.

Last Agent to Sell the Property

Antonia Lazzaro

JOHN ANTHONY AGENCY C-21 Listed on: 10/17/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,881

Lot Details

  • 0.26

Home Design

  • Asphalt Roof

Interior Spaces

  • 3-Story Property
  • Carpet
  • Oven or Range

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Storage

Utilities

  • Window Unit Cooling System
  • Radiator
  • Furnace
  • Underground Utilities
  • Gas Water Heater
  • Sewer Tap Fee

Additional Features

  • Deck
  • Lot Dimensions are 150.00 x 75.00

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(water)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,881

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size: 150.00 x 75.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 3
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven)
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water)
  • Has Basement: Partially Finished, Full, Exterior Entry, Storage Space, Tenant Use, Interior Entry
  • Flooring: Unit 1 Carpet, Unit 2 Carpet
  • Interior Amenities: Unit 1(Dining Room,2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room)
  • Stories: 3

Exterior Features

  • Lot Features: See Remarks
  • Exterior Features: Deck
  • Patio And Porch Features: Deck
  • Roof: Asphalt

Garage/Parking

  • Parking Features: 4(+)Car Parking

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Window Unit(s)
  • Heating: Radiators-Hot Water, Separate Control, Separate Furnaces
  • Heating Yn: Yes
  • Sewer: Public Sewer, Sewer Charge
  • Utilities: Underground Utilities
  • Water Source: Public

Rental Info

  • Lease Term: Unit 1(Month-Month),Unit 2(Month-Month)

Tax Info

  • Tax Annual Amount: 9881
  • Tax Year: 2020

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2021
Closed on
Feb 3, 2022
Sold by
Pugliese Fabian A and Pugliese Giovanna A
Bought by
Cardenas-Florez Carlos A
Seller's Agent
Antonia Lazzaro
JOHN ANTHONY AGENCY C-21
List Price
$500,000
Sold Price
$500,000
Current Estimated Value
$651,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,303
Avg. Annual Appreciation
6.94%
Original Mortgage
$490,943
Outstanding Balance
$455,878
Interest Rate
3.55%
Mortgage Type
FHA
Estimated Equity
$195,425

Purchase Details

Listed on
Sep 10, 2012
Closed on
Jul 20, 2012
Sold by
Simkovich Gary and Simkovich Suzanne
Bought by
Pagliese Fabian A and Pagliese Giovanna A
Buyer's Agent
ANTONIA LAZZARO
C-21 JOHN ANTHONY
Sold Price
$328,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.58%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cardenas-Florez Carlos A $500,000 Advanced Title & Abstract
Pagliese Fabian A $328,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cardenas-Florez Carlos A $490,943
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/08/2022 02/08/22 Sold $500,000 0.0% --
10/17/2021 10/17/21 For Sale $500,000 +52.4% --
09/10/2012 09/10/12 Sold $328,000 -- -- View Prior Sale
Source: All Jersey 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 $11,213 $88,800 $27,600 $61,200
2024 $10,886 $88,800 $27,600 $61,200
Source: Public Records

Agents Affiliated with this Home

  • Antonia Lazzaro

    Seller's Agent in 2022

    Antonia Lazzaro

    JOHN ANTHONY AGENCY C-21

    (732) 266-3179

    2 in this area

    6 Total Sales

    Antonia Lazzaro
    Section Image
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Map

Source: All Jersey MLS

MLS Number: 2205539R

All Jersey MLS

APN: 25-00139-08-00101

New Jersey Middlesex County Fords 08863

85 Summit Ave, Fords, NJ

Not Listed for Sale

MultiFamily

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