HomeNJ Closing Costs24 Franklin Pl
Active Listing · Summit, NJ

24 Franklin Pl, Summit, NJ 07901

$1,688,000
6 bd5.0 ba3,712 sqftMulti-Family
🎓Summit High School · Summit Public School District
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Estimated Closing Costs

Based on list price of $1,688,000. Actual costs may vary.

Buyer Closing Costs
$2,660
(0.2%)
Seller Closing Costs
$29,600
(1.8%)
Cost ItemBuyerSeller
Transfer Tax$0$24,780
Recording Fees (Deed)$250
Owner's Title Insurance$4,820
Lender's Title Insurance$2,410
Total$2,660$29,600

Estimates include state and local transfer taxes, county recording fees, and title insurance. Does not include lender fees, prepaid items, or agent commissions. Run the full calculator to adjust the price or see itemized details.

Frequently Asked Questions

How much are closing costs for 24 Franklin Pl, Summit, NJ 07901?

Based on the list price of $1,688,000, estimated buyer closing costs for 24 Franklin Pl, Summit, NJ 07901 are $2,660 (0.2% of purchase price). Seller closing costs are estimated at $29,600. These include transfer taxes, recording fees, and title insurance.

What are the transfer taxes for a home in Summit, NJ?

Transfer taxes in Summit, NJ are assessed at the state and local level. For 24 Franklin Pl, Summit, NJ 07901 at $1,688,000, the combined transfer tax estimate is available via the calculator. Rates vary by jurisdiction — the myClosingCost engine covers all layers for this address.

Who pays closing costs — buyer or seller?

At 24 Franklin Pl, Summit, NJ 07901, buyers typically pay recording fees and lender's title insurance. Sellers commonly pay owner's title insurance and may share transfer tax costs depending on local custom. The breakdown above shows the estimated split for this address.

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NJ Closing Cost Guide