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8 Montrose Avenue

8 Montrose Avenue, Summit, NJ 07901
Property in Union
Sold Sep 01, 2017
$746,500
$546,500 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2047
Sold May 09, 2006
$699,000
$299,000 by Usaa Fsb
Mortgage Due May 01, 2036
8 Montrose Avenue has been categorized by the local assessors in Summit, NJ as a residential type of property. The building on the property was first built in 1949 and is 75 years old. The building has a total of 2 stories. In addition, 8 Montrose Avenue has 1,884 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 570 ft. The area measurement of the land has been determined as 7,126 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Cape Cod style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The exterior walls of the building 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, 8 Montrose Avenue was last sold in Mar 10, 2017 for $746,500. According to our calculations, that's $396.23 per sqft. Prior to that sales transaction, the property was sold for $699,000 in Apr 28, 2006. Current property owners are expected to pay $15,517 in taxes per year. The property on 8 Montrose Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $358,600. To break that down further, the land itself was valued at $142,100. While improvements to the property were assessed at a total of $216,500. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,126
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 570
  • Total Building Area: 1,884
  • Building Area: 1,884
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,884
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.164
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SILVER DANIEL
  • Current Owner 2: SILVER ZOIE
  • Previous Owner : COLLINS DONOVAN S
  • Previous Owner 2: PARK SARAH
  • Owner Before Previous Owner: ROMWEBER ARTHUR C
  • Is Owner Occupied: Owner-occupied property

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 00502-0000-00015
  • Block: 502
  • Lot: 15
  • Municipality: SUMMIT CITY
  • Latitude: 40.7251
  • Longitude: -74.3744

    Address

  • Full Address: 8 Montrose Ave
  • Address - House Number: 8
  • Address - Street Name: Montrose
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Summit
  • Carrier Code: C020
  • 4-Digit Zip Code: 1558
  • Zip Code: 07901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $15,517

    Appraisal Valuation

  • Standard Deviation: 0.1997
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 1,063,764
  • High Value: 1,276,202
  • Low Value: 851,325

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $546,500
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Sep 01, 2017
  • First Open Lien Mortgage Loan Amount: $546,500
  • 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: Jul 01, 2047

    Market Valuation

  • Market Total Value: $358,600
  • Market Land Value: $142,100
  • Market Improvement Value: $216,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $358,600
  • Assessed Land Value: $142,100
  • Assessed Improvements Value: $216,500

    Sales

  • Current Sale Contract Date: Mar 10, 2017
  • Current Sale Recording Date: Sep 01, 2017
  • Current Sale Transaction ID: 1733388968
  • Current Sale Price: $746,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 290740
  • Previous Sale Recording Date: May 09, 2006
  • Previous Sale Contract Date: Apr 28, 2006
  • Previous Sale Amount: $699,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Sep 01, 2017
  • First Mortgage Loan Amount: $546,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: USAA FSB
  • Previous Mortgage Transaction Date: May 09, 2006
  • Previous Mortgage Loan Amount: $299,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2036

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Frequently Asked Questions

What neighborhood is 8 Montrose Avenue located in?
The 8 Montrose Avenue is a located in the neighborhood of Union in Summit, Summit.
What is the average sales price for listings in 8 Montrose Avenue?
The average sales price for units in 8 Montrose Avenue is $0 currently.

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