When was 40-42 River Road, Summit, NJ last sold?

40-42 River Road, Summit, NJ last sold in 2011 for $2,700,000.

What is the assessed value of 40-42 River Road, Summit, NJ?

40-42 River Road, Summit, NJ is assessed at $2,818,600 (land plus improvements).

What is 40-42 River Road, Summit, NJ worth?

Our model estimates 40-42 River Road, Summit, NJ at $9,148,328, based on comparable recorded sales nearby.

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40-42 River Road

Summit, NJ·Union County

Estimated market value

$9,148,328

moderate confidence

range $7,776,079 – $10,520,578

Assessment-implied: $9,148,328; Equalization ratio 0.3081 (2025)
Comparable sales: 2 (below threshold)

Based on 2 comparable sales

Address	Sold	Price

Last sale

$2,700,000

7/15/2011

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Property

Type

Commercial

Tax class

Commercial

Year built

1963

Building size

21,997 sq ft

Lot size

0.80 ac

Land description

175X200

Building description

3SCB&B

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$2,818,600

Land value

$466,300

Improvement value

$2,352,300

Last year's tax

$122,778

Sale on tax record

$2,700,000

Deed date

7/1/2011

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Sales history

7/1/2011$2,700,000
Bk 5870 / Pg 362
6/15/2005$2,725,000
Bk 5513 / Pg 41

Date	Price	Book / Page
7/1/2011	$2,700,000	5870 / 362
6/15/2005	$2,725,000	5513 / 41

Deeds

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

Properties on River Road

Properties on Block 201

Frequently asked

When was 40-42 River Road, Summit, NJ last sold?: 40-42 River Road, Summit, NJ last sold in 2011 for $2,700,000.
What is the assessed value of 40-42 River Road, Summit, NJ?: 40-42 River Road, Summit, NJ is assessed at $2,818,600 (land plus improvements).
What is 40-42 River Road, Summit, NJ worth?: Our model estimates 40-42 River Road, Summit, NJ at $9,148,328, based on comparable recorded sales nearby.
What kind of property is 40-42 River Road, Summit, NJ?: It is a Commercial Property.

Parcel ID2018·block 201·lot 5

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40-42 River Rd

40-42 River Road, Summit, NJ — owner, sales, deeds · ElasticParcel

791 Old Springfield Ave	1/2/2025	$700,000
803 Springfield Ave	5/2/2024	$2,383,055

Estimated market value

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Property

Tax & Assessment

Sales history

Deeds

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Estimated market value

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Property

Tax & Assessment

Sales history

Deeds

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