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206 Oak Ridge Avenue

206 Oak Ridge Avenue, Summit, NJ 07901
Property in Union
Sold Aug 16, 2021
$2,400,000
$1,175,000 by Guaranteed Rate Inc
Mortgage Due Aug 01, 2051
206 Oak Ridge Avenue in Summit, NJ was first built in 1929 and is 95 years old. This has been categorized as a residential property type. There are a total of 2 floors. 206 Oak Ridge Avenue has 4,624 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 24,916 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with brick control joints. The exterior walls of the home are made of brick. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 206 Oak Ridge Avenue was last sold in Jul 22, 2021 for $2,400,000. According to our calculations, that's $519.03 per sqft. Current property owners are expected to pay $38,943 in taxes per year. The property on 206 Oak Ridge Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $900,000. To break that down further, the land itself was valued at $451,600. While improvements to the property were assessed at a total of $448,400. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Bedroom Count: 0
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 24,916
  • Total Building Area: 4,624
  • Building Area: 4,624
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,624
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.572
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MITCHELL ROBERT L
  • Current Owner 2: WAJNBERG SARA
  • Previous Owner : WHITE SUMNER W
  • Previous Owner 2: WHIT PAMELA K
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Summit City School District
  • Census Tract: 037900

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 48
  • District: 18
  • Parcel: 18 04803-0000-00002
  • Block: 4803
  • Lot: 2
  • Municipality: SUMMIT CITY
  • Latitude: 40.7012
  • Longitude: -74.367

    Address

  • Full Address: 206 Oak Ridge Ave
  • Address - House Number: 206
  • Address - Street Name: Oak Ridge
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Summit
  • Carrier Code: C007
  • 4-Digit Zip Code: 3237
  • Zip Code: 07901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $38,943

    Appraisal Valuation

  • Standard Deviation: 0.2082
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 2,468,090
  • High Value: 2,982,115
  • Low Value: 1,954,065

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,175,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Aug 16, 2021
  • First Open Lien Mortgage Loan Amount: $1,175,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $900,000
  • Market Land Value: $451,600
  • Market Improvement Value: $448,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $900,000
  • Assessed Land Value: $451,600
  • Assessed Improvements Value: $448,400

    Sales

  • Current Sale Contract Date: Jul 22, 2021
  • Current Sale Recording Date: Aug 16, 2021
  • Current Sale Transaction ID: 11850343400
  • Current Sale Price: $2,400,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 8176

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Aug 16, 2021
  • First Mortgage Loan Amount: $1,175,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

About Summit



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Frequently Asked Questions

What neighborhood is 206 Oak Ridge Avenue located in?
The 206 Oak Ridge Avenue is a located in the neighborhood of Union in Summit, Summit.
What is the average sales price for listings in 206 Oak Ridge Avenue?
The average sales price for units in 206 Oak Ridge Avenue is $0 currently.

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