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2416 Summit Terrace

2416 Summit Terrace, Linden, NJ 07036
Property in Union
Sold Aug 18, 2023
$725,000
$350,000 by Broadview Capital Llc
Mortgage Due Aug 18, 2053
Sold Dec 07, 2006
$410,000
$328,000 by Sovereign Bank
Mortgage Due Jan 01, 2037
Local assessors in Linden, NJ have categorized 2416 Summit Terrace as a residential type of property. The home was built in 1953 and is 71 years old. The property's lot size has been calculated to be 7,161 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 597 ft. 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 2416 Summit Terrace has a total of 2,640 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 for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 Jul 26, 2023 for $725,000. That's $274.62 per sqft. Prior to that sales transaction, the property was also sold in Dec 1, 2006 for $410,000. 2416 Summit Terrace was last assessed in 2023. The total value of the property was assessed at $176,300. Specifically, the land the property is located on was valued at $68,700. While improvements on the property were assessed at a total of $107,600. 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 $12,126. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 1953
  • Effective Year Built: 1953
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,161
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 597
  • Total Building Area: 2,640
  • Building Area: 2,640
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,640
  • 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
  • Legal Description 1: ADDITIONAL LOTS: 199,703/705A,713A

Ownership

  • Current Owner : 246 SUMMIT TERRACE LLC
  • Previous Owner : GOLDA ARLENE F
  • Owner Before Previous Owner: BONGIOVI THERESA M
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Linden City School District
  • Census Tract: 034800

Geography

  • Assessors Map Reference: TAX MAP 12
  • District: 09
  • Parcel: 09 00262-0000-00012
  • Block: 262
  • Lot: 12
  • Municipality: LINDEN CITY
  • Latitude: 40.6415
  • Longitude: -74.2777

    Address

  • Full Address: 2416 Summit Ter
  • Address - House Number: 2416
  • Address - Street Name: Summit
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Linden
  • Carrier Code: C026
  • 4-Digit Zip Code: 4930
  • Zip Code: 07036

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,126

    Appraisal Valuation

  • Standard Deviation: 0.224
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 731,082
  • High Value: 894,856
  • Low Value: 567,309

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $350,000
  • First Open Lien Mortgage Lender: BROADVIEW CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Aug 18, 2023
  • First Open Lien Mortgage Loan Amount: $350,000
  • 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: Aug 18, 2053

    Market Valuation

  • Market Total Value: $176,300
  • Market Land Value: $68,700
  • Market Improvement Value: $107,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $176,300
  • Assessed Land Value: $68,700
  • Assessed Improvements Value: $107,600

    Sales

  • Current Sale Contract Date: Jul 26, 2023
  • Current Sale Recording Date: Aug 18, 2023
  • Current Sale Transaction ID: 11911482551
  • Current Sale Price: $725,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 31352
  • Previous Sale Recording Date: Dec 07, 2006
  • Previous Sale Contract Date: Dec 01, 2006
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BROADVIEW CAPITAL LLC
  • First Mortgage Transaction Date: Aug 18, 2023
  • First Mortgage Loan Amount: $350,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: SOVEREIGN BANK
  • Previous Mortgage Transaction Date: Dec 07, 2006
  • Previous Mortgage Loan Amount: $328,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2037

About Linden



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Frequently Asked Questions

What neighborhood is 2416 Summit Terrace located in?
The 2416 Summit Terrace is a located in the neighborhood of Union in Linden, Linden.
What is the average sales price for listings in 2416 Summit Terrace?
The average sales price for units in 2416 Summit Terrace is $0 currently.

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