When was property at 5 Summit Drive built and last sold?

The property at 5 Summit Drive was built in 1960 and last sold on Sep 15, 2015 for $429,900.

How much is this home worth?

The estimated value of the home located at 5 Summit Drive is $0.

What are some comparable homes to 5 Summit Drive?

There are currently no comparable homes to 5 Summit Drive.

Passaic

07470

5 Summit

$715,000

● House - Off Market

5 Summit

Wayne, NJ 07470

3 Beds

1 Bath, 1 Half Bath

$3,384

Est. Monthly

2.92%

Cap Rate

About This Property

Welcome to this charming three bedroom, one and one half bath split-level home located in the highly sought after Packanack Lake neighborhood! This turnkey residence is ready for you to move right in and enjoy. The home features spacious living areas with a functional layout, perfect for everyday living. Outside, you'll find a peaceful, private backyard, offering a serene space to relax and unwind. As part of the Packanack Lake community, you'll have access to all the fantastic amenities this neighborhood has to offer, including the lake and recreational areas. This is an ideal spot for anyone looking to enjoy both privacy and the vibrant community atmosphere!

Unit Size

Days on Market

Land Size

Price per sqft

Property Type

House

Property Taxes

HOA Dues

Year Built

1960

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (NJMLS #25004080)

Price History

Date / Event	Date	Event
Apr 21, 2025	Sold	Premium
Sold
Feb 22, 2025	In contract	-
In contract
Feb 6, 2025	Listed by Coldwell Banker, Wayne	$689,000
Listed by Coldwell Banker, Wayne

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1960

Effective Year Built: 1960
Bedroom Count: 0
Building Condition: 0
Building Quality: 0
Construction Type: 0
Building Style: 41
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 8,146

Total Building Area: 1,529
Building Area: 1,529
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heated Square Feet: 1,529
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Land Acres: 0000000187
Standard Land Use Code: 1001
County Land Use Code: 2

Neighborhood

School District Name: Wayne Township School District

Census Tract: 246202

Zoning

Zoning: R-B

Geography

District: 14

Parcel: 14 01715-0000-00012
Block: 1715
Lot: 12
Municipality: WAYNE TWP
Latitude: 40.9432
Longitude: -74.246

Address

Full Address: 5 Summit Dr

Address - House Number: 5
Address - Street Name: Summit
Address - Suffix Type: Dr
State: NJ
City Name: Wayne
Carrier Code: C009
4-Digit Zip Code: 4214
Zip Code: 07470

Valuation

Tax

Tax Year: 2022

Tax Amount: $1,222,959

Appraisal Valuation

Standard Deviation: 0.1906

Valuation Date: Dec 07, 2022
Confidence Score: 74
Final Value: 589,470
High Value: 701,861
Low Value: 477,078

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $216,300

Market Land Value: $110,000
Market Improvement Value: $106,300

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $216,300
Assessed Land Value: $110,000
Assessed Improvements Value: $106,300

Sales

Current Sale Contract Date: Sep 15, 2015

Current Sale Recording Date: Sep 22, 2015
Current Sale Price:

Premium
Current Sale Document Type: 27
Current Sale Input Document Number: 2015043659
Previous Sale Recording Date: Sep 06, 2007
Previous Sale Contract Date: Aug 31, 2007
Previous Sale Amount: $465,000
Previous Sale Document Type: 27

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About Passaic

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$317

Below Asking

0.01%

Average Days on Market

Average Home Size

777 ft²

Average Home Age

50.6 years

Currently For Sale

939 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 53 Newark Pompton Tpke, Wayne Twp., 07470-6607

$2,650 /mo

4 Beds
1 Bath

53 Newark Pompton Tpke #3C, Wayne Twp., 07470-6607 Listing by THOMAS MAGGIO

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Samuel J. Burchill
Coldwell Banker, Wayne
Last Updated: 2 years ago
Data Source: NJMLS , MLS#

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RHP Realty NJ, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed.© 2026 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

5 Summit

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Passaic

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions