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24 Summit Road

24 Summit Road, New Providence, NJ 07974
Property in Union
Sold Nov 06, 2020
$775,000
$697,500 by Guaranteed Rate Inc
Mortgage Due Nov 01, 2050
Sold Jun 20, 1991
$331,300
Local assessors in New Providence, NJ have categorized 24 Summit Road as a residential type of property. The home was built in 1963 and is 61 years old. The property's lot size has been calculated to be 16,509 square feet. The linear feet between the front and back of the lot was measured at 1,650 ft and the front of the lot was measured at 1,000 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 24 Summit Road has a total of 2,924 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 24 Summit Road sold most recently in Oct 26, 2020 for a total of $775,000. If you work out the math, that's approximately a cost of $265.05 per sqft. Before that, the property was also sold for $331,300 in Jun 20, 1991. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $15,966 in taxes each year. 24 Summit Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $377,900. If we break it down further, the land itself was valued at $177,100. Improvements to the property, however, were assessed at a total of $200,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 16,509
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,924
  • Building Area: 2,924
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,924
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.379
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : THOMAS COLIN D
  • Current Owner 2: THOMAS MARY
  • Previous Owner : EINBINDER MICHAEL P
  • Previous Owner 2: EINBINDER NANCY C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Berkeley Heights Township School District
  • Census Tract: 038201

Zoning

  • Zoning: R-20

Geography

  • District: 01
  • Parcel: 01 03806-0000-00016
  • Block: 3806
  • Lot: 16
  • Municipality: BERKELEY HEIGHTS TWP
  • Latitude: 40.6895
  • Longitude: -74.3897

    Address

  • Full Address: 24 Summit Rd
  • Address - House Number: 24
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: New Providence
  • Carrier Code: C012
  • 4-Digit Zip Code: 2750
  • Zip Code: 07974

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $15,966

    Appraisal Valuation

  • Standard Deviation: 0.2129
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 1,016,371
  • High Value: 1,232,823
  • Low Value: 799,920

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $697,500
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Nov 06, 2020
  • First Open Lien Mortgage Loan Amount: $697,500
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $377,900
  • Market Land Value: $177,100
  • Market Improvement Value: $200,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $377,900
  • Assessed Land Value: $177,100
  • Assessed Improvements Value: $200,800

    Sales

  • Current Sale Contract Date: Oct 26, 2020
  • Current Sale Recording Date: Nov 06, 2020
  • Current Sale Transaction ID: 11799625108
  • Current Sale Price: $775,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 329902
  • Previous Sale Recording Date: Jun 20, 1991
  • Previous Sale Contract Date: Jun 20, 1991
  • Previous Sale Amount: $331,300
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Nov 06, 2020
  • First Mortgage Loan Amount: $697,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

About Union



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Frequently Asked Questions

What neighborhood is 24 Summit Road located in?
The 24 Summit Road is a located in the neighborhood of Union in Union, New Providence.
What is the average sales price for listings in 24 Summit Road?
The average sales price for units in 24 Summit Road is $0 currently.

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