5 Knob Hill Drive

5 Knob Hill Drive in Summit, NJ was first built in 1957 and is 67 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a Cape Cod style. It is a single story home. 5 Knob Hill Drive has 2,168 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. In total, the area measurement of the land is 11,935 square feet.

Learn more about the property and building on this page. For those who need parking, there is a 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. The exterior walls of the home are made of alum/vinyl siding. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5 Knob Hill Drive was last sold in Jul 24, 2020 for $975,000. According to our calculations, that's $449.72 per sqft. Prior to that sales transaction, the property was sold for $837,500 in Nov 14, 2013. Current property owners are expected to pay $16,508 in taxes per year. The property on 5 Knob Hill Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $381,500. To break that down further, the land itself was valued at $254,000. While improvements to the property were assessed at a total of $127,500. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.