When was 367 Springfield Avenue, Summit, NJ 07901 last sold?

367 Springfield Avenue, Summit, NJ 07901 last sold in 2017 for $6,062,500.

What is the assessed value of 367 Springfield Avenue, Summit, NJ 07901?

367 Springfield Avenue, Summit, NJ 07901 is assessed at $1,188,400 (land plus improvements).

What is 367 Springfield Avenue, Summit, NJ 07901 worth?

Our model estimates 367 Springfield Avenue, Summit, NJ 07901 at $3,857,189, based on comparable recorded sales nearby.

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367 Springfield Avenue

Summit, NJ 07901·Union County

Estimated market value

$3,857,189

moderate confidence

range $3,278,611 – $4,435,768

Assessment-implied: $3,857,189; Equalization ratio 0.3081 (2025)
Comparable sales: 8 (below threshold)

Based on 8 comparable sales

Address	Sold	Price

Last sale

$6,062,500

7/31/2017

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Property

Type

Commercial

Tax class

Commercial

Year built

—

Building size

11,465 sq ft

Lot size

0.13 ac

Land description

48X122

Building description

1SB

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$1,188,400

Land value

$227,200

Improvement value

$961,200

Last year's tax

$54,025

Sale on tax record

$6,062,500

Deed date

7/31/2017

Zoning

Mixed-use

Typically allows a mix of homes and businesses on the same parcel.

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Sales history

7/31/2017$6,062,500
Bk 6207 / Pg 342
5/17/2016$5,150,000
Bk 6122 / Pg 149
10/1/2004$1,276,945
Bk 5466 / Pg 882

Date	Price	Book / Page
7/31/2017	$6,062,500	6207 / 342
5/17/2016	$5,150,000	6122 / 149
10/1/2004	$1,276,945	5466 / 882

Deeds

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

Properties on Springfield Avenue

Properties on Block 1908

Frequently asked

When was 367 Springfield Avenue, Summit, NJ 07901 last sold?: 367 Springfield Avenue, Summit, NJ 07901 last sold in 2017 for $6,062,500.
What is the assessed value of 367 Springfield Avenue, Summit, NJ 07901?: 367 Springfield Avenue, Summit, NJ 07901 is assessed at $1,188,400 (land plus improvements).
What is 367 Springfield Avenue, Summit, NJ 07901 worth?: Our model estimates 367 Springfield Avenue, Summit, NJ 07901 at $3,857,189, based on comparable recorded sales nearby.
What kind of property is 367 Springfield Avenue, Summit, NJ 07901?: It is a Commercial Property.

Parcel ID2018·block 1908·lot 1

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