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250 Morris Avenue

250 Morris Avenue, Summit, NJ 07901
Townhouse in Union
Local assessors in Summit, NJ have categorized 250 Morris Avenue as a exempt type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 16,814 square feet. This is a 3 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 250 Morris Avenue has a total of 1,612 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. 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, 250 Morris Avenue sold most recently in Jul 15, 2021 for a total of $1,200,000. If you work out the math, that's approximately a cost of $744.42 per sqft. Before that, the property was also sold for $1,130,000 in May 24, 2021. 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 $0 in taxes each year. 250 Morris Avenue was most recently assessed in 2023. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Condition

New Construction

Exterior

Brick Exterior
Composition Board Siding

Driveway

Driveway
This property description is generated based on publicly available data.

3 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210128 Unit B
01/28/2021
B
3 Bed
4 Bath
-
$1,150,000
bedrooms
3 Bed
bathrooms
4 Bath
-
-
-
-
20210116 Unit A
01/16/2021
A
3 Bed
4 Bath
-
$1,200,000
bedrooms
3 Bed
bathrooms
4 Bath
-
-
-
MARCO CARVALHO
KELLER WILLIAMS MID-TOWN DIRECT
20201208 Unit D
12/08/2020
D
3 Bed
4 Bath
-
$1,150,000
bedrooms
3 Bed
bathrooms
4 Bath
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 16,814
  • Total Building Area: 1,612
  • Building Area: 1,612
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,612
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Exempt
  • Subdivision: THE GATES AT SUMMIT
  • Land Acres: 0.386
  • Standard Land Use Code: Exempt (full or partial)
  • Legal Description 1: FACILITY NAME: COMMON ELEMENT

Ownership

  • Current Owner : OLCOTT EMERY GAGE
  • Current Owner 2: OLCOTT STACEY
  • Previous Owner : RELEVANT DEVELOPMENT LLC
  • Owner Before Previous Owner: RELEVANT DEVELOPMENT LLC
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Summit City School District
  • Census Tract: 038000

Geography

  • Assessors Map Reference: TAX MAP 32
  • District: 18
  • Parcel: 18 03204-0000-00008- 01
  • Block: 3204
  • Lot: 8.01
  • Municipality: SUMMIT CITY
  • Latitude: 40.713
  • Longitude: -74.358

    Address

  • Full Address: 250 Morris Ave
  • Address - House Number: 250
  • Address - Street Name: Morris
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Summit
  • Carrier Code: C031
  • 4-Digit Zip Code: 3518
  • Zip Code: 07901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $900,000
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Oct 04, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $900,000
  • 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: $324,000
  • Market Land Value: $110,900
  • Market Improvement Value: $213,100

    Assessments Valuation

  • Assessed Year: 2023

    Sales

  • Current Sale Contract Date: Jul 15, 2021
  • Current Sale Recording Date: Oct 04, 2021
  • Current Sale Transaction ID: 11859456017
  • Current Sale Price: $1,200,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 10046
  • Previous Sale Recording Date: Jul 07, 2021
  • Previous Sale Contract Date: May 24, 2021
  • Previous Sale Amount: $1,130,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Oct 04, 2021
  • First Mortgage Loan Amount: $900,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Summit



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Frequently Asked Questions

What neighborhood is 250 Morris Avenue located in?
The 250 Morris Avenue is a townhouse located in the neighborhood of Union in Summit, Summit.
What is the average sales price for listings in 250 Morris Avenue?
The average sales price for units in 250 Morris Avenue is $0 currently.

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