5 Beacon Road

5 Beacon Road in Summit, NJ was first built in 2001 and is 23 years old. This has been categorized as a residential property type. There are a total of 2 floors. 5 Beacon Road has 4,505 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. The linear feet across the front of the lot is 1,010 ft and the linear feet between the front and back of the lot is 1,620. In total, the area measurement of the land is 16,361 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached 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 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, 5 Beacon Road sold most recently in Jan 11, 2024 for a total of $2,700,000. If you work out the math, that's approximately a cost of $599.33 per sqft. 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 $46,515 in taxes each year. 5 Beacon Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,075,000. If we break it down further, the land itself was valued at $202,600. Improvements to the property, however, were assessed at a total of $872,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.