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339 Summit Street

339 Summit Street, Norwood, NJ 07648
Property in Bergen
Sold Nov 03, 2011
$494,000
$344,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2026
Sold May 12, 2008
$664,000
$400,000 by Jpmorgan Chase Bank Na
Mortgage
339 Summit Street has been categorized by the local assessors in Norwood, NJ as a residential type of property. The building on the property was first built in 1926 and is 98 years old. The building has a total of 2 stories. In addition, 339 Summit Street has 2,162 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 750 ft. The area measurement of the land has been determined as 7,501 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the 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, 339 Summit Street sold most recently in Oct 28, 2011 for a total of $494,000. If you work out the math, that's approximately a cost of $228.49 per sqft. Before that, the property was also sold for $664,000 in Apr 30, 2008. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $10,072 in taxes each year. 339 Summit Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $389,800. If we break it down further, the land itself was valued at $247,000. Improvements to the property, however, were assessed at a total of $142,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1926
  • Effective Year Built: 1926
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,501
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,162
  • Building Area: 2,162
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,162
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SANTORO JAMES R
  • Current Owner 2: ALVAREZ SANTORO IVETTE
  • Previous Owner : SONG PAUL
  • Previous Owner 2: KANG KYUNGAH
  • Owner Before Previous Owner: SUN SUNG WOOK
  • Owner Before Previous Owner 2: SUN RUTH S
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Norwood Borough School District
  • Census Tract: 002300

Zoning

  • Zoning: R75

Geography

  • District: 41
  • Parcel: 41 00121-0000-00021
  • Block: 121
  • Lot: 21
  • Municipality: NORWOOD BORO
  • Latitude: 41.0006
  • Longitude: -73.9577

    Address

  • Full Address: 339 Summit St
  • Address - House Number: 339
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Norwood
  • Carrier Code: C001
  • 4-Digit Zip Code: 1218
  • Zip Code: 07648

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,072

    Appraisal Valuation

  • Standard Deviation: 0.198
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 741,481
  • High Value: 888,297
  • Low Value: 594,664

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $344,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Nov 03, 2011
  • First Open Lien Mortgage Loan Amount: $344,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2026

    Market Valuation

  • Market Total Value: $389,800
  • Market Land Value: $247,000
  • Market Improvement Value: $142,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $389,800
  • Assessed Land Value: $247,000
  • Assessed Improvements Value: $142,800

    Sales

  • Current Sale Contract Date: Oct 28, 2011
  • Current Sale Recording Date: Nov 03, 2011
  • Current Sale Transaction ID: 1164550770
  • Current Sale Price: $494,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 008682430
  • Previous Sale Recording Date: May 12, 2008
  • Previous Sale Contract Date: Apr 30, 2008
  • Previous Sale Amount: $664,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Nov 03, 2011
  • First Mortgage Loan Amount: $344,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Nov 01, 2026

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: May 12, 2008
  • Previous Mortgage Loan Amount: $400,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Norwood



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Frequently Asked Questions

What neighborhood is 339 Summit Street located in?
The 339 Summit Street is a located in the neighborhood of Bergen in Norwood, Norwood.
What is the average sales price for listings in 339 Summit Street?
The average sales price for units in 339 Summit Street is $0 currently.

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