What is the assessed value of R 623-R 665 Spring Street, Elizabeth, NJ 07201?

R 623-R 665 Spring Street, Elizabeth, NJ 07201 is assessed at $3,012,800 (land plus improvements).

What is R 623-R 665 Spring Street, Elizabeth, NJ 07201 worth?

Our model estimates R 623-R 665 Spring Street, Elizabeth, NJ 07201 at $3,247,952, based on comparable recorded sales nearby.

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R 623-R 665 Spring Street

Elizabeth, NJ 07201·Union County

Estimated market value

$3,247,952

moderate confidence

range $2,760,759 – $3,735,144

Assessment-implied: $3,247,952; Equalization ratio 0.9276 (2025)
Comparable sales: 1 (below threshold)

Based on 1 comparable sale

Address	Sold	Price
435-441 State Hwy 1&9	9/18/2025	$2,800,000

Last sale

8/29/1994

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Property

Type

Commercial

Tax class

Commercial

Year built

Building size

—

Lot size

1.88 ac

Land description

340.21X276.56 X IRR

Building description

—

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$3,012,800

Land value

$2,350,000

Improvement value

$662,800

Last year's tax

$57,966

Sale on tax record

Deed date

8/29/1994

Zoning

Commercial

Typically allows retail, offices, and other businesses.

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Sales history

8/29/1994$0
Bk 4216 / Pg 46

Date	Price	Book / Page
8/29/1994	$0	4216 / 46

Deeds

No recorded deeds yet. Click Get deed list to pull the title chain from the county clerk.

Properties on Spring Street

Properties on Block 568

Frequently asked

What is the assessed value of R 623-R 665 Spring Street, Elizabeth, NJ 07201?: R 623-R 665 Spring Street, Elizabeth, NJ 07201 is assessed at $3,012,800 (land plus improvements).
What is R 623-R 665 Spring Street, Elizabeth, NJ 07201 worth?: Our model estimates R 623-R 665 Spring Street, Elizabeth, NJ 07201 at $3,247,952, based on comparable recorded sales nearby.
What kind of property is R 623-R 665 Spring Street, Elizabeth, NJ 07201?: It is a Commercial Property.

Parcel ID2004·block 568·lot 2

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