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32 Montrose Avenue

32 Montrose Avenue, Summit, NJ 07901
Property in Union
Sold Jul 14, 2017
$725,000
$539,415 by Home Point Financial Corporati
Mortgage Due Jun 01, 2052
Sold Aug 03, 2007
$667,000
$533,600 by Jpmorgan Chase Bank Na
Mortgage Due Aug 01, 2037
Local assessors in Summit, NJ have categorized 32 Montrose Avenue as a residential type of property. The home was built in 1952 and is 72 years old. The property's lot size has been calculated to be 6,273 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. 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 32 Montrose Avenue has a total of 1,680 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. 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. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. The property was last sold in Jul 10, 2017 for $725,000. That's $431.55 per sqft. Prior to that sales transaction, the property was also sold in Jul 21, 2007 for $667,000. 32 Montrose Avenue was last assessed in 2023. The total value of the property was assessed at $324,300. Specifically, the land the property is located on was valued at $139,400. While improvements on the property were assessed at a total of $184,900. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $14,032. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,273
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,680
  • Building Area: 1,680
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,680
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MORRIS AVENUE TRACT
  • Land Acres: 0.144
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LEVINE DOUGLAS
  • Current Owner 2: LEVINE FRANCESCA
  • Previous Owner : BINNINGTON KYLE D
  • Previous Owner 2: BINNINGTON SARA G
  • Owner Before Previous Owner: ALGAZY JEFFREY
  • Owner Before Previous Owner 2: ROTH ABBEY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Summit City School District
  • Census Tract: 037800

Zoning

  • Zoning: R6

Geography

  • Assessors Map Reference: TAX MAP 5
  • District: 18
  • Parcel: 18 00505-0000-00013
  • Block: 505
  • Lot: 13
  • Municipality: SUMMIT CITY
  • Latitude: 40.7232
  • Longitude: -74.3731

    Address

  • Full Address: 32 Montrose Ave
  • Address - House Number: 32
  • Address - Street Name: Montrose
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Summit
  • Carrier Code: C020
  • 4-Digit Zip Code: 1560
  • Zip Code: 07901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,032

    Appraisal Valuation

  • Standard Deviation: 0.2122
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 1,002,007
  • High Value: 1,214,634
  • Low Value: 789,379

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $539,415
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Open Lien Mortgage Recording Date: May 24, 2022
  • First Open Lien Mortgage Loan Amount: $539,415
  • 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: Jun 01, 2052

    Market Valuation

  • Market Total Value: $324,300
  • Market Land Value: $139,400
  • Market Improvement Value: $184,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $324,300
  • Assessed Land Value: $139,400
  • Assessed Improvements Value: $184,900

    Sales

  • Current Sale Contract Date: Jul 10, 2017
  • Current Sale Recording Date: Jul 14, 2017
  • Current Sale Transaction ID: 1589967101
  • Current Sale Price: $725,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 288687
  • Previous Sale Recording Date: Aug 03, 2007
  • Previous Sale Contract Date: Jul 21, 2007
  • Previous Sale Amount: $667,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Jul 14, 2017
  • First Mortgage Loan Amount: $580,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Aug 01, 2047

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Aug 03, 2007
  • Previous Mortgage Loan Amount: $533,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2037

About Summit



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Frequently Asked Questions

What neighborhood is 32 Montrose Avenue located in?
The 32 Montrose Avenue is a located in the neighborhood of Union in Summit, Summit.
What is the average sales price for listings in 32 Montrose Avenue?
The average sales price for units in 32 Montrose Avenue is $0 currently.

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