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54 Rotary Drive

54 Rotary Drive, Summit, NJ 07901
Property in Union
Sold Apr 26, 2021
$1,430,000
$930,000 by Wells Fargo Bank Na
Mortgage Due May 01, 2051
Sold Aug 19, 2014
$1,340,000
$871,000 by Wells Fargo Bank Na
Mortgage Due Sep 01, 2044
Local assessors in Summit, NJ have categorized 54 Rotary Drive as a residential type of property. The home was built in 1959 and is 65 years old. The property's lot size has been calculated to be 14,985 square feet. 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 54 Rotary Drive has a total of 3,535 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 underground or in the basement 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. The property was last sold in Apr 7, 2021 for $1,430,000. That's $404.53 per sqft. Prior to that sales transaction, the property was also sold in Aug 11, 2014 for $1,340,000. 54 Rotary Drive was last assessed in 2023. The total value of the property was assessed at $673,800. Specifically, the land the property is located on was valued at $274,000. While improvements on the property were assessed at a total of $399,800. 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 $29,155. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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: 1959
  • Effective Year Built: 1959
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Underground/basement
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,985
  • Total Building Area: 3,535
  • Building Area: 3,535
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,535
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.344
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : BLOCK ALEXANDER
  • Current Owner 2: BLOCK AMY
  • Previous Owner : HOECKER BRADLEY J
  • Previous Owner 2: HOECKER SUSAN
  • Owner Before Previous Owner: WOODBURY DAVID B
  • Owner Before Previous Owner 2: WOODBURY ELIZABETH B
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Summit City School District
  • Census Tract: 037900

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 53
  • District: 18
  • Parcel: 18 05303-0000-00024
  • Block: 5303
  • Lot: 24
  • Municipality: SUMMIT CITY
  • Latitude: 40.6986
  • Longitude: -74.3751

    Address

  • Full Address: 54 Rotary Dr
  • Address - House Number: 54
  • Address - Street Name: Rotary
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Summit
  • Carrier Code: C024
  • 4-Digit Zip Code: 3115
  • Zip Code: 07901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $29,155

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 1,798,966
  • High Value: 2,203,129
  • Low Value: 1,394,803

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $930,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Apr 26, 2021
  • First Open Lien Mortgage Loan Amount: $930,000
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $673,800
  • Market Land Value: $274,000
  • Market Improvement Value: $399,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $673,800
  • Assessed Land Value: $274,000
  • Assessed Improvements Value: $399,800

    Sales

  • Current Sale Contract Date: Apr 07, 2021
  • Current Sale Recording Date: Apr 26, 2021
  • Current Sale Transaction ID: 11833345902
  • Current Sale Price: $1,430,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 4013
  • Previous Sale Recording Date: Aug 19, 2014
  • Previous Sale Contract Date: Aug 11, 2014
  • Previous Sale Amount: $1,340,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Apr 26, 2021
  • First Mortgage Loan Amount: $930,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Aug 19, 2014
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $871,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Sep 01, 2044

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Frequently Asked Questions

What neighborhood is 54 Rotary Drive located in?
The 54 Rotary Drive is a located in the neighborhood of Union in Summit, Summit.
What is the average sales price for listings in 54 Rotary Drive?
The average sales price for units in 54 Rotary Drive is $0 currently.

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