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175 Springfield Avenue

Summit, NJ 07901·Union County

Estimated market value

$5,824,760

high confidence

range $5,330,523 – $6,651,893

Assessment-implied: $5,364,167; Equalization ratio 0.3081 (2025)
Comp-implied: $985,000; 3 comparable sales

Based on 3 comparable sales

Address	Sold	Price
29 Norwood Ave	8/19/2025	$4,530,000
39 Park Ave	1/31/2024	$937,000
39 Park Ave	9/22/2023	$985,000

Last sale

$5,500,000

4/19/2024

Property

Type

Residential

Tax class

Residential

Year built

1850

Building size

6,135 sq ft

Lot size

1.18 ac

Land description

271X189

Building description

2.5SSG

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$1,652,700

Land value

$506,200

Improvement value

$1,146,500

Last year's tax

$71,992

Sale on tax record

$5,500,000

Deed date

4/8/2024

Zoning

R25· Residential

Typically allows single-family and multi-family homes.

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Sales history

4/8/2024$5,500,000
Bk 6542 / Pg 544
7/18/2023$5,375,000
Bk 6519 / Pg 2192
4/13/2022$1
Bk 6461 / Pg 364
4/1/2022$2,650,000
Bk 6461 / Pg 358
6/7/1994$1,070,000
Bk 4113 / Pg 244
7/25/1990$1,130,000
Bk 3656 / Pg 647

Date	Price	Book / Page
4/8/2024	$5,500,000	6542 / 544
7/18/2023	$5,375,000	6519 / 2192
4/13/2022	$1	6461 / 364
4/1/2022	$2,650,000	6461 / 358
6/7/1994	$1,070,000	4113 / 244
7/25/1990	$1,130,000	3656 / 647

Deeds

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Properties on Springfield Avenue

Properties on Block 3501

Frequently asked

When was 175 Springfield Avenue, Summit, NJ 07901 last sold?: 175 Springfield Avenue, Summit, NJ 07901 last sold in 2024 for $5,500,000.
What is the assessed value of 175 Springfield Avenue, Summit, NJ 07901?: 175 Springfield Avenue, Summit, NJ 07901 is assessed at $1,652,700 (land plus improvements).
What is 175 Springfield Avenue, Summit, NJ 07901 worth?: Our model estimates 175 Springfield Avenue, Summit, NJ 07901 at $5,824,760, based on comparable recorded sales nearby.
How many units does 175 Springfield Avenue, Summit, NJ 07901 have?: 175 Springfield Avenue, Summit, NJ 07901 has 1 dwelling unit on record.
What kind of property is 175 Springfield Avenue, Summit, NJ 07901?: It is a Residential Property.

Parcel ID2018·block 3501·lot 16