NOT LISTED FOR SALE

86 Hobart Ave Summit, NJ 07901

Estimated Value: $2,793,415 - $3,168,000

5 Beds
4.5 Baths
5,031 Sq Ft
$601/Sq Ft Est. Value

Last Sold August 26, 2020

Last sale price $2,025,000 $403 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $19,171/month

7 Days on Market

Highlights

  • Home Theater
  • Colonial Architecture
  • Wood Flooring
  • L C Johnson Summit Middle School Rated A+
  • Family Room with Fireplace
  • High Ceiling

About This Home

As of August 2020

Best of both worlds - located only 1/2 a mile from all that downtown Summit has to offer, this 2005 custom colonial is bursting with upgrades and character. With four floors of living including 5 bedrooms, 4 1/2 bathrooms, gourmet kitchen, in-home gym, temperature/humidity controlled wine cellar and superb outdoor entertaining space with fireplace, this home offers the ultimate suburban lifestyle.

Last Agent to Sell the Property

JILL BRAY

PROMINENT PROPERTIES SIR Listed on: 05/21/2020

Last Buyer's Agent

Susan Oldendorp

COMPASS NEW JERSEY, LLC

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,932

Year Built

  • Built in 2005 | Remodeled

Lot Details

  • 10,019 Sq Ft Lot
  • Privacy Fence
  • Sprinkler System

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture

Interior Spaces

  • 5,031 Sq Ft Home
  • Wet Bar
  • Sound System
  • Dry Bar
  • High Ceiling
  • Wood Burning Fireplace
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • 5 Fireplaces
  • Family Room with entrance to outdoor space
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Recreation Room with Fireplace
  • Utility Room
  • Home Gym
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Intercom
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2918-02609-0000-00021-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,932

Year Built

Built in 2005 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2005
  • Year Built Description: Renovated
  • County Name: Union
  • Renovated Year: 2005
  • Street Number Display: 86
  • Directions: Summit Ave. LEFT on Whittredge to RIGHT on Hobart Ave.
  • I D: 4980458
  • Modified: 2021-09-23
  • Number Images: 25
  • Section Subdiv Development: In Town
  • First Name: JILL
  • First Name3: SUSAN
  • Last Name: BRAY
  • Last Name3: OLDENDORP
  • Office Phone3: 201-400-8714
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2005

Interior Features

  • Flooring: Stone, Wood
  • Fireplace Description: Bedroom 1, Family Room, Living Room, Rec Room, Wood Burning
  • Number of Fireplaces: 5
  • Appliances: Dishwasher, Dryer, Microwave Oven, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Bar-Dry, Bar-Wet, Blinds, Carbon Monoxide Detector, High Ceilings, Intercom, Security System, Smoke Detector, SoakTub, StallShw, Stereo System, Walk-In Closet
  • Number Rooms: 13
  • Bedrooms: 5
  • Master Bedroom Desc: Fireplace, Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Third
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished
  • Basement Level Rooms: Bath(s) Other, Exercise Room, Laundry Room, Media Room, Pantry, Rec Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Dim: 17x11
  • Kitchen Level: First
  • Living Room Dim: 15x14
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 15x14
  • Other Room1 Level: Third
  • Other Room 2: Rec Room
  • Other Room2 Dim: 17x12
  • Other Room2 Level: Basement
  • Other Room 3: Exercise Room
  • Other Room3 Dim: 19x15
  • Other Room3 Level: Basement
  • Other Room 4: Media Room
  • Other Room4 Dim: 20x19
  • Other Room4 Level: Basement
  • Level 1 Rooms: Dining Room, Family Room, Foyer, GarEnter, Kitchen, Living Room, OutEntrn, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other, Laundry Room
  • Level 3 Rooms: 2 Bedrooms, Bath(s) Other
  • Estimated Sq Ft: 5031
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Stucco
  • Exterior Features: Patio, Privacy Fence, Sidewalk, Thermal Windows/Doors, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Finished Garage, Garage Door Opener
  • Number Garage Spaces: 2
  • Number Parking Spaces: 3
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

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

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

  • Lot Size: .23AC
  • Assessed Improvement Value: 640100
  • Assessed Land Value: 206000
  • Assessment: 846100
  • Easement: Unknown
  • Lot Identifier: 21
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.23

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 36932
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2918-02609-0000-00021-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.365
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: Lincoln-Hubbard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2020
Closed on
Aug 18, 2020
Sold by
Froschauer Joseph P
Bought by
Petri Matthew
Seller's Agent
JILL BRAY
PROMINENT PROPERTIES SIR
Buyer's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
List Price
$2,125,000
Sold Price
$2,025,000
Premium/Discount to List
-$100,000
-4.71%
Current Estimated Value
$3,021,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$996,805
Avg. Annual Appreciation
8.23%
Original Mortgage
$1,620,000
Outstanding Balance
$1,434,976
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,586,829

Purchase Details

Closed on
Nov 24, 1998
Sold by
Lindstrom David S and Lindstrom Mary Frances
Bought by
Froschauer Joseph P and Froschauer Johnna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.37%
Source: Public Records

Range of Values:

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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
Petri Matthew $2,025,000 Prestige Title Agency Inc
Froschauer Joseph P $480,000 Stewart Title Guaranty Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petri Matthew $1,620,000
Previous Owner Froschauer Joe P $365,000
Previous Owner Froschar Joseph $500,000
Previous Owner Froschauer Joseph P $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2020 08/26/20 Sold $2,025,000 -4.7% $403 / Sq Ft
05/28/2020 05/28/20 Pending -- -- --
05/21/2020 05/21/20 For Sale $2,125,000 -- $422 / 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 $36,856 $846,100 $206,000 $640,100
2024 $36,611 $846,100 $206,000 $640,100
2023 $36,611 $846,100 $206,000 $640,100
2022 $36,238 $846,100 $206,000 $640,100
2021 $36,526 $846,100 $206,000 $640,100
2020 $36,890 $846,100 $206,000 $640,100
2019 $36,932 $846,100 $206,000 $640,100
2018 $11,584 $267,100 $206,000 $61,100
2017 $11,659 $267,100 $206,000 $61,100
2016 $11,488 $267,100 $206,000 $61,100
2015 $11,264 $267,100 $206,000 $61,100
2014 $10,972 $267,100 $206,000 $61,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    JILL BRAY

    PROMINENT PROPERTIES SIR

  • Susan Oldendorp

    Buyer's Agent in 2020

    Susan Oldendorp

    COMPASS NEW JERSEY, LLC

    (201) 400-8714

    51 in this area

    532 Total Sales

    Susan Oldendorp
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3634151

Garden State MLS

APN: 18-02609-0000-00021

New Jersey Union County Summit 07901

86 Hobart Ave, Summit, NJ

This home is located at 86 Hobart Ave, Summit, NJ 07901 since 21 May 2020 and is currently estimated at $3,021,805, approximately $600 per square foot. This property was built in 2005. 86 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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