NOT LISTED FOR SALE

9 Norwood Ave Summit, NJ 07901

Estimated Value: $1,421,000 - $2,298,000

5 Beds
4 Baths
-- Sq Ft
9,888 Sq Ft Lot

Last Sold September 27, 2022

Last sale price $1,525,000

Est. 31% increase in value since last sale

Current estimated payment $12,545/month

11 Days on Market

About This Home

As of September 2022

This home is located at 9 Norwood Ave, Summit, NJ 07901 since 18 July 2022 and is currently estimated at $1,930,256. This property was built in 1908. 9 Norwood 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

JILL BRAY

PROMINENT PROPERTIES SIR Brokerage Phone: 908-273-8808 Listed on: 07/18/2022

Last Buyer's Agent

MEILEE ZHENG

PREMIUMONE REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1908

Lot Details

  • 9,888

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Year Built: 1908
  • County Name: Union
  • I D: 5166603
  • Attribution Contact: 908-273-8808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 3.10

Lot Info

  • Lot Size: 66X150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Sep 22, 2022
Sold by
Phillips Robert and Phillips Melissa
Bought by
Kounev Velin and Kounev Laura
Seller's Agent
JILL BRAY
PROMINENT PROPERTIES SIR
Buyer's Agent
MEILEE ZHENG
PREMIUMONE REALTY
List Price
$1,595,000
Sold Price
$1,525,000
Premium/Discount to List
-$70,000
-4.39%
Current Estimated Value
$1,995,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$470,813
Avg. Annual Appreciation
7.43%
Original Mortgage
$1,200,000
Outstanding Balance
$1,150,124
Interest Rate
5.66%
Mortgage Type
Balloon
Estimated Equity
$780,133

Purchase Details

Closed on
Aug 3, 2009
Sold by
Ntc & Co Llp
Bought by
Phillips Robert and Phillips Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
5.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 2008
Sold by
Wachovia Bank Na
Bought by
Ntc & Co Llp

Purchase Details

Closed on
Jul 14, 1999
Sold by
Molina Guillermo S and Molina Guillermo E
Bought by
Molina Guillermo S

Purchase Details

Closed on
Feb 6, 1999
Sold by
Diaz David
Bought by
Molina Guillermo S and Molina Guillermo E

Purchase Details

Closed on
May 5, 1998
Sold by
Molina Guillermo S and Diaz David
Bought by
Molina Guillermo S and Molina Guillermo E

Purchase Details

Closed on
Sep 15, 1997
Sold by
Molina Guillermo S
Bought by
Molina Guillermo S and Diaz David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.59%
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
Kounev Velin $1,525,000 Chicago Title
Phillips Robert $800,000 Multiple
Ntc & Co Llp $575,000 Chicago Title Insurance Co
Molina Guillermo S -- --
Molina Guillermo S -- --
Molina Guillermo S -- --
Molina Guillermo S $200,000 --
Molina Guillermo S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kounev Velin $1,200,000
Previous Owner Phillips Robert $640,000
Previous Owner Molina Guillermo S $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2022 09/27/22 Sold $1,525,000 -4.4% --
08/02/2022 08/02/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $1,595,000 -- --
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 $26,545 $609,400 $214,800 $394,600
2024 $26,369 $609,400 $214,800 $394,600
2023 $26,369 $609,400 $214,800 $394,600
2022 $15,984 $373,200 $214,800 $158,400
2021 $16,111 $373,200 $214,800 $158,400
2020 $16,272 $373,200 $214,800 $158,400
2019 $16,290 $373,200 $214,800 $158,400
2018 $16,186 $373,200 $214,800 $158,400
2017 $16,290 $373,200 $214,800 $158,400
2016 $15,428 $358,700 $214,800 $143,900
2015 $15,126 $358,700 $214,800 $143,900
2014 $14,735 $358,700 $214,800 $143,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    JILL BRAY

    PROMINENT PROPERTIES SIR

  • M

    Buyer's Agent in 2022

    MEILEE ZHENG

    PREMIUMONE REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3796705

Garden State MLS

APN: 18-01903-0000-00002

New Jersey Union County Summit 07901

9 Norwood Ave, Summit, NJ

Not Listed for Sale

Detached

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