See Home Value
Summit 07901
7 LINCOLN AVE
$1,363,499*
House - Off Market

7 LINCOLN AVE

Summit City, NJ 07901
bedrooms
6 Beds
bathrooms
4 Baths
$945,000 - $1,155,000
Reference Base Price*
29.86%
Since Feb 1, 2021
National-US
Primary Model
Sold Apr 12, 2023
$700,000
Sold Feb 18, 2005
Transfer

About This Property

LARGE TWO FAMILY WITH OVERSIZED  3 CAR GARAGE WITH FINISHED LOFT (HOME OFFICE) IMMACULATE CONDITION, ALL LARGE ROOMS,FULL BASEMENT,PLENTY OF STORAGE, LAUNDRY ROOM ALL SEPARATE UTILITIES PLENTY OF PARKING. LIVE IN ONE UNIT RENT OUT THE OTHER WORK FROM HOME GREAT FOR CONTRACTORS AND CAR ENTHUSIAST. CLOSE TO HIGHWAYS,OVERLOOK HOSPITAL,TRAIN STATION, SCHOOLS,STORES. POSSIBILITY FOR 2 ADDITIONAL UNITS WITH TOWNS APPROVAL
Unit Size
-
Days on Market
-
Land Size
0.19 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,062
HOA Dues
-
Year Built
1975

Price History

Date / Event Date Event Price
Apr 12, 2023 Sold $700,000
Sold
Jan 6, 2021 No longer available -
No longer available
Aug 1, 2020 Listed $1,050,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 0
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,398
  • Lot Size Depth Feet: 1,680
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,876
  • Building Area: 2,876
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,876
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.193
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LINCOLN AVE ASSOCIATES LLC
  • Previous Owner : 7 LINCOLN AVENUE SUMMIT LLC
  • Owner Before Previous Owner: CICERALE VALLY
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Summit City School District
  • Census Tract: 037800

Zoning

  • Zoning: R6

Geography

  • Assessors Map Reference: TAX MAP 5
  • District: 18
  • Parcel: 18 00501-0000-00026
  • Block: 501
  • Lot: 26
  • Municipality: SUMMIT CITY
  • Latitude: 40.7264
  • Longitude: -74.3753

    Address

  • Full Address: 7 Lincoln Ave
  • Address - House Number: 7
  • Address - Street Name: Lincoln
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Summit
  • Carrier Code: C020
  • 4-Digit Zip Code: 1324
  • Zip Code: 07901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,635

    Appraisal Valuation

  • Standard Deviation: 0.2199
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 1,069,478
  • High Value: 1,304,738
  • Low Value: 834,217

    Market Valuation

  • Market Total Value: $292,000
  • Market Land Value: $103,400
  • Market Improvement Value: $188,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $292,000
  • Assessed Land Value: $103,400
  • Assessed Improvements Value: $188,600

    Sales

  • Current Sale Contract Date: Feb 06, 2023
  • Current Sale Recording Date: Apr 12, 2023
  • Current Sale Transaction ID: 11905704305
  • Current Sale Price: $700,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 28027
  • Previous Sale Recording Date: Feb 18, 2005
  • Previous Sale Contract Date: Feb 07, 2005
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: IULIANO FRANK
  • First Mortgage Transaction Date: Apr 12, 2023
  • First Mortgage Loan Amount: $550,000
  • First Mortgage Terms: 298
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 27, 2048
  • Second Mortgage Lender: IULIANO
  • Second Mortgage Transaction Date: Apr 12, 2023
  • Second Mortgage Loan Amount: $550,000
  • Second Mortgage Loan Due Date: Mar 27, 2048



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
4.1 Baths
-
$849,000 Nov 30, -0001
$849,000 Jan 17, 2023
-
House
5 Beds
2 Baths
-
$899,900 Nov 30, -0001
$899,000 Jan 25, 2022
-
House
3 Beds
1.1 Baths
-
$879,000 Nov 30, -0001
$920,000 Jan 27, 2022
-
House
3 Beds
3 Baths
-
$875,000 Nov 30, -0001
$875,000 Feb 7, 2022
-
In Contract
House
3 Beds
4 Baths
-
$998,000 Feb 6, 2023
-
-
House
3 Beds
3 Baths
-
$849,000 Jan 23, 2023
-
-
House
3 Beds
2 Baths
-
$875,000 Feb 1, 2023
-
-
House
3 Beds
2 Baths
-
$899,000 Jan 26, 2023
-
-

About Summit


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Frequently Asked Questions

When was property at 7 Lincoln Avenue built and last sold?
The property at 7 Lincoln Avenue was built in 1975 and last sold on Feb 6, 2023 for $700,000.
How much is this home worth?
The estimated value of the home located at 7 Lincoln Avenue is $1,060,500.
What are some comparable homes to 7 Lincoln Avenue?
There are currently no comparable homes to 7 Lincoln Avenue.

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