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22 River Road

Summit, NJ 07901·Union County

Estimated market value

$34,041,303

high confidence

range $31,845,021 – $36,237,584

Assessment-implied: $28,088,932; Equalization ratio 0.3081 (2025)
Comparable sales: 3 (below threshold)

Based on 3 comparable sales

Address	Sold	Price
120 Summit Ave	12/5/2025	$1,600,000
33 Overlook Rd	6/17/2025	$578,250
33 Overlook Rd-Suite 307	5/7/2024	$725,000

Last sale

$31,719,000

10/6/2025

Property

Type

Commercial

Tax class

Commercial

Year built

—

Building size

—

Lot size

1.33 ac

Land description

1.33AC

Building description

—

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$8,654,200

Land value

$1,100,000

Improvement value

$7,554,200

Last year's tax

$376,977

Sale on tax record

$31,719,000

Deed date

9/26/2025

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Sales history

9/26/2025$31,719,000
Bk 6597 / Pg 2349
7/19/2021$1
Bk 6422 / Pg 423
3/1/2018$1
Bk 6249 / Pg 629

Date	Price	Book / Page
9/26/2025	$31,719,000	6597 / 2349
7/19/2021	$1	6422 / 423
3/1/2018	$1	6249 / 629

Deeds

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Properties on River Road

Properties on Block 201

Frequently asked

When was 22 River Road, Summit, NJ 07901 last sold?: 22 River Road, Summit, NJ 07901 last sold in 2025 for $31,719,000.
What is the assessed value of 22 River Road, Summit, NJ 07901?: 22 River Road, Summit, NJ 07901 is assessed at $8,654,200 (land plus improvements).
What is 22 River Road, Summit, NJ 07901 worth?: Our model estimates 22 River Road, Summit, NJ 07901 at $34,041,303, based on comparable recorded sales nearby.
What kind of property is 22 River Road, Summit, NJ 07901?: It is a Commercial Property.

Parcel ID2018·block 201·lot 9.01