When was 381 Springfield Avenue, Summit, NJ 07901 last sold?

381 Springfield Avenue, Summit, NJ 07901 last sold in 2024 for $1.

What is the assessed value of 381 Springfield Avenue, Summit, NJ 07901?

381 Springfield Avenue, Summit, NJ 07901 is assessed at $248,100 (land plus improvements).

What is 381 Springfield Avenue, Summit, NJ 07901 worth?

Our model estimates 381 Springfield Avenue, Summit, NJ 07901 at $805,258, based on comparable recorded sales nearby.

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381 Springfield Avenue

Summit, NJ 07901·Union County

Estimated market value

$805,258

moderate confidence

range $684,469 – $926,047

Assessment-implied: $805,258; Equalization ratio 0.3081 (2025)
Comparable sales: 1 (below threshold)

Based on 1 comparable sale

Last sale

5/20/2024

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Property

Type

Commercial

Tax class

Commercial

Year built

1940

Building size

1,760 sq ft

Lot size

0.05 ac

Land description

16.5X121

Building description

1SB

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$248,100

Land value

$70,400

Improvement value

$177,700

Last year's tax

$11,279

Sale on tax record

Deed date

4/4/2024

Zoning

Mixed-use

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

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Sales history

4/4/2024$1
Bk 6545 / Pg 2371
5/25/1994$145,000
Bk 4107 / Pg 332
11/4/1987$300,000
Bk 3530 / Pg 92

Date	Price	Book / Page
4/4/2024	$1	6545 / 2371
5/25/1994	$145,000	4107 / 332
11/4/1987	$300,000	3530 / 92

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 381 Springfield Avenue, Summit, NJ 07901 last sold?: 381 Springfield Avenue, Summit, NJ 07901 last sold in 2024 for $1.
What is the assessed value of 381 Springfield Avenue, Summit, NJ 07901?: 381 Springfield Avenue, Summit, NJ 07901 is assessed at $248,100 (land plus improvements).
What is 381 Springfield Avenue, Summit, NJ 07901 worth?: Our model estimates 381 Springfield Avenue, Summit, NJ 07901 at $805,258, based on comparable recorded sales nearby.
What kind of property is 381 Springfield Avenue, Summit, NJ 07901?: It is a Commercial Property.

Parcel ID2018·block 1908·lot 4

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