NOT LISTED FOR SALE

45 Franklin Place Summit, NJ 07901

Estimated Value: $1,534,000 - $2,002,270

4 Beds
4 Baths
2,415 Sq Ft
$710/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $1,800,000 $745 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $10,945/month

13 Days on Market

About This Home

As of May 2023

This home is located at 45 Franklin Place, Summit, NJ 07901 since 07 April 2023 and is currently estimated at $1,715,318, approximately $710 per square foot. This property was built in 1884. 45 Franklin Place is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Kent Place School.

Last Listed By

NATALYA PRICE

COMPASS NEW JERSEY, LLC Brokerage Phone: 973-310-6816 Listed on: 04/07/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,456

Year Built

  • Built in 1884

Lot Details

  • 7,013

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,456

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Year Built: 1884
  • County Name: Union
  • Street Number Display: 45
  • I D: 5213210
  • Modified: 2024-05-16
  • Number Images: 1
  • Attribution Contact: 973-310-6816
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 3.10

Lot Info

  • Lot Size: 70X100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2023
Closed on
May 12, 2023
Sold by
Barnes Stephen J and Barnes Robyn
Bought by
Weems Family Trust
Seller's Agent
NATALYA PRICE
COMPASS NEW JERSEY, LLC
Buyer's Agent
ELAINE PRUZON
PROMINENT PROPERTIES SIR
List Price
$1,549,000
Sold Price
$1,800,000
Premium/Discount to List
$251,000
16.2%
Total Days on Market
13
Current Estimated Value
$1,715,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$84,682
Avg. Annual Appreciation
-1.57%

Purchase Details

Closed on
Feb 21, 2018
Sold by
Knurr Joshua James and Knurr Megan Michelle
Bought by
Barnes Stephen J and Barnes Robyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,078,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 16, 2014
Closed on
Apr 6, 2014
Sold by
Geci Osman and Geci Nora
Bought by
Knurr Joshua James and Knurr Megan Michelle
Seller's Agent
Rosaleen Light-newby
BHHS FOX & ROACH
Buyer's Agent
Jane Greene
COLDWELL BANKER REALTY
Sold Price
$805,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
Original Mortgage
$616,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2006
Sold by
Fallon Melissa
Bought by
Geci Osman and Geci Nora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2006
Sold by
Moore Frederick M
Bought by
Moore Frederick M and Moore Rayma C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
6.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 29, 1998
Sold by
Moore Frederick M and Moore Rayma C
Bought by
Moore Frederick M and Moore Rayma C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.89%

Range of Values:

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Weems Family Trust $1,800,000 Green Hill Title
Barnes Stephen J $1,347,500 Multiple
Knurr Joshua James $800,000 Nrt Title Agency Llc
Geci Osman -- --
Moore Frederick M -- --
Moore Frederick M -- Lawrence Abstract Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barnes Stephen J $1,040,200
Previous Owner Barnes Stephen J $1,055,000
Previous Owner Barnes Stephen J $1,078,000
Previous Owner Knurr Joshua James $57,800
Previous Owner Knurr Joshua James $616,000
Previous Owner Geci Osman $560,000
Previous Owner Moore Frederick M $134,500
Previous Owner Moore Frederick M $464,000
Previous Owner Moore Frederick M $60,000
Previous Owner Moore Frederick M $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2023 05/15/23 Sold $1,800,000 +16.2% $745 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
04/07/2023 04/07/23 For Sale $1,549,000 +92.4% $641 / Sq Ft
04/16/2014 04/16/14 Sold $805,000 -- $333 / Sq Ft
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,456 $380,300 $128,300 $252,000
2023 $16,456 $380,300 $128,300 $252,000
2022 $16,288 $380,300 $128,300 $252,000
2021 $16,418 $380,300 $128,300 $252,000
2020 $16,581 $380,300 $128,300 $252,000
2019 $16,600 $380,300 $128,300 $252,000
2018 $16,494 $380,300 $128,300 $252,000
2017 $16,600 $380,300 $128,300 $252,000
2016 $16,357 $380,300 $128,300 $252,000
2015 $16,037 $258,700 $128,300 $130,400
2014 $10,627 $258,700 $128,300 $130,400
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    NATALYA PRICE

    COMPASS NEW JERSEY, LLC

  • E

    Buyer's Agent in 2023

    ELAINE PRUZON

    PROMINENT PROPERTIES SIR

  • S

    Buyer Co-Listing Agent in 2023

    SUZANNE L. POLOW

    PROMINENT PROPERTIES SIR

  • Rosaleen Light-newby

    Seller's Agent in 2014

    Rosaleen Light-newby

    BHHS FOX & ROACH

    (908) 510-0861

    9 in this area

    34 Total Sales

    Rosaleen Light-newby
    Section Image

  • J

    Buyer's Agent in 2014

    Jane Greene

    COLDWELL BANKER REALTY

    (973) 436-5166

    2 in this area

    168 Total Sales

    Jane Greene
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3837037

Garden State MLS

APN: 18-02613-0000-00002

New Jersey Union County Summit 07901

45 Franklin Place, Summit, NJ

Homes for Sale in Summit, NJ

This home is located at 45 Franklin Place, Summit, NJ 07901 since 07 April 2023 and is currently estimated at $1,715,318, approximately $710 per square foot. This property was built in 1884. 45 Franklin Place is a home located in Union County with nearby schools including L C Johnson Summit Middle School, Summit Sr High School, and Kent Place School.

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