What is the assessed value of 55 River Road, Summit, NJ 07901?

55 River Road, Summit, NJ 07901 is assessed at $766,400 (land plus improvements).

What is 55 River Road, Summit, NJ 07901 worth?

Our model estimates 55 River Road, Summit, NJ 07901 at $2,487,504, based on comparable recorded sales nearby.

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55 River Road

Summit, NJ 07901·Union County

Estimated market value

$2,487,504

moderate confidence

range $2,114,378 – $2,860,630

Assessment-implied: $2,487,504; Equalization ratio 0.3081 (2025)
Comparable sales: 5 (below threshold)

Based on 5 comparable sales

Address	Sold	Price
55 Woodland Ave	5/1/2025	$2,000,000
791 Old Springfield Ave	1/2/2025	$700,000
803 Springfield Ave	5/2/2024

Last sale

—

1 other property share this owner's mailing address.View portfolio →

Property

Type

Commercial

Tax class

Commercial

Year built

1959

Building size

4,626 sq ft

Lot size

0.52 ac

Land description

150X150

Building description

1SCB&B

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$766,400

Land value

$352,300

Improvement value

$414,100

Last year's tax

$33,384

Sale on tax record

—

Deed date

—

Zoning

NB· Commercial

Typically allows retail, offices, and other businesses.

Owner mailing addressSign in to view

Owner name and mailing address are available on Pro.

Sales history

No recorded sales yet.

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 402

Frequently asked

What is the assessed value of 55 River Road, Summit, NJ 07901?: 55 River Road, Summit, NJ 07901 is assessed at $766,400 (land plus improvements).
What is 55 River Road, Summit, NJ 07901 worth?: Our model estimates 55 River Road, Summit, NJ 07901 at $2,487,504, based on comparable recorded sales nearby.
What kind of property is 55 River Road, Summit, NJ 07901?: It is a Commercial Property.

Parcel ID2018·block 402·lot 27

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55 River Road

55 River Road, Summit, NJ 07901 — owner, sales, deeds · ElasticParcel