Hudson County » 07306 » Summit Ave » 506 Summit Ave

506 Summit Avenue, Jersey City, NJ 07306 - Property report

Also known as: 506 Summit Ave

Property image for 506 Summit Avenue, Jersey City, NJ 07306

Property type

Garage-Parking (211)

Acreage

0.372

Sale price

$30,000,000

General information

Address

Primary address

506 Summit Avenue

ZIP code

07306

County

Hudson

Block

9605

Lot

Neighborhood

St. Joe's

Municipality

906

Parcel ID

9605-4

Sales

Sale date

07/21/2024

Sale price

$30,000,000

Arm's length

Tax

Tax year

2026

Current property tax

$371,816

Building

Property type

Garage-Parking (211)

Lot

Acreage

0.372

Zoning & Use

Zoning

Area overview

Walk score

96 /100. Walker's Paradise

Transit score

83 /100. Excellent Transit

Bike score

41 /100. Somewhat Bikeable

Broadband internet providers and speed map

Types of broadband connections

Ownership

Ownership information for 506 Summit Avenue, Jersey City, NJ

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 506 Summit Avenue, Jersey City, NJ 07306

Sale date	Sale price	Buyer name	Seller name
07/21/2024	$30,000,000	XXX XXXXXX XXXXXX XXXXX XXX	XXX XXXXXX XXXXXX XXXXX XXX
05/25/2016	$11,500	XXX XXXXX XXX XXXXX, XXX	XXXXXXXXX XXXXX, XXX
12/22/2000	$600,000

*Most recent sales on record for this property.

More about Hudson County property records.

Title documents

Date	Type	Party 1	Party 2
11/22/2024 - R 07/21/2024 - D	Deed - Deed	XXX XXXXXX XXXXXX XXXXX XXX	XXX XXXXXX XXXXXX XXXXX XXX
06/21/2024 - D	Mortgage
06/21/2024 - D	Mortgage
04/07/2022 - R 12/13/2021 - D	Mortgage	XXX XXXXXX XXX XXXXX XXX	XXXXXXXX XXXXXXX XXXXXX XXX
05/14/2019 - R 04/12/2019 - D	Mortgage	XXX XXXXXX XXXXXX XXXXX XXX	XXX XXXXXX XXXXXX XXX
05/14/2019 - R 04/12/2019 - D	Mortgage	XXX XXXXXX XXXXXX XXXXX XXX	XXX XXXXXX XXXXXX XXX
05/14/2019 - R 04/11/2019 - D	Satisfaction	XXX XXXXXX XXXXXX XXXXX XXX	XXX XXXXXX XXXXXX XXX
02/26/2018 - R 02/12/2018 - D	Assignment	XXXXXXX XX XXXXXXXX XX XXX	XXX XXXXXX XXXXXX XXX
02/26/2018 - R 02/12/2018 - D	Assignment	XXXXXXX XX XXXXXXXX XX	XXX XXXXXX XXXXXX XXX
06/01/2016 - R 05/25/2016 - D	Deed and Realty Tax Fees	XXXXXXXXX XXXXX, XXX	XXX XXXXX XXX XXXXX, XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 506 Summit Avenue, Jersey City, NJ

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2026

Property tax

$371,816

Recent tax assessments

Market value

$15,923,600

Land value

$15,923,600

More about Hudson County Property Taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Tax rate	Property tax	Y-o-Y change
2025	$15,923,600	$15,923,600	2.335	$371,816	+4.57%
2024	$15,923,600	$15,923,600	2.233	$355,574	-0.62%
2023	$15,923,600	$15,923,600	2.247	$357,803	+1227.79%
2022	$1,272,300	$1,272,300	2.118	$26,947	+32.04%
2021	$1,272,300	$1,272,300	1.604	$20,408	-0.37%
2020	$1,272,300	$1,272,300	1.61	$20,484	+4.55%
2019	$1,272,300	$1,272,300	1.54	$19,593	+3.36%
2018	$1,272,300	$1,272,300	1.49	$18,957	+60.11%
2017	$151,800	$151,800	7.8	$11,840	n/a

Permits

Permit information for 506 Summit Avenue, Jersey City, NJ

No recently recorded permits for this property.

Neighborhood

Jersey City residential market stats

Access a detailed real estate market overview of Jersey City so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Jersey City and compare it to other neighborhoods in Hudson.

Median sale price

$735,000

9% Y-o-Y

Median price/sq. ft.

$419

-3.5% Y-o-Y

Hudson county median sale price

$685,000

5.4% Y-o-Y

Check out recently sold homes in Jersey City and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map

View daily traffic map

Access the detailed traffic volume map for 506 Summit Avenue, Jersey City, NJ 07306 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Schools

Nearest elementary schools

Name	Rating	Type	Grade range	No of students	Distance (miles)
St Joseph Elementary School	NR	Private	PK-8	196	0.18
St Joseph Elementary School	NR	Private	PK-8	196	0.18
Martin Luther King, Jr No. 11 Elementary School	4	Public	PK, K-8	776	0.28
Martin Luther King, Jr No. 11 Elementary School	4	Public	PK, K-8	776	0.28
Jotham W. Wakeman No. 6 Elementary School	7	Public	PK, K-5	598	0.43
Jotham W. Wakeman No. 6 Elementary School	7	Public	PK, K-5	598	0.43
Jersey City Golden Door Charter School	6	Charter	PK, K-8	668	0.44
Jersey City Golden Door Charter School	6	Charter	PK, K-8	668	0.44
St Elizabeth Child Care Center	NR	Private	PK-K	160	0.44
St Elizabeth Child Care Center	NR	Private	PK-K	160	0.44

Nearest middle schools

Name	Rating	Type	Grade range	No of students	Distance (miles)
St Joseph Elementary School	NR	Private	PK-8	196	0.18
Martin Luther King, Jr No. 11 Elementary School	4	Public	PK, K-8	776	0.28
Jersey City Golden Door Charter School	6	Charter	PK, K-8	668	0.44
Primary Prep Elementary School	NR	Private	PK-9	391	0.45
Mahatma K. Gandhi School	2	Public	PK, K-8	1,001	0.50
Dr. Michael Conti School	8	Public	PK, K-8	672	0.62
Franklin L Williams Ms No7	3	Public	6-8	854	0.66
The Ethical Community Charter School	3	Charter	K-8	380	0.72
Hamilton Park Montessori School	NR	Private	PK, K-8	0	0.90
St.Nicholas School	NR	Private	PK-8	212	0.90

Nearest high schools

Name	Rating	Type	Grade range	No of students	Distance (miles)
William L. Dickinson High School	2	Public	9-12	2,024	0.34
Hudson Catholic Regional High School	NR	Private	9-12	497	0.50
County Prep High School	9	Public	9-12	922	0.65
Academy of Technology Design	4	Public	9-12	173	0.66
Liberty High School	7	Public	9-12	194	0.72
Dr. Ronald Mc Nair Academic High School	10	Public	9-12	701	0.74
James J. Ferris High School	2	Public	9-12	1,348	0.76
Beloved Community Charter School	6	Charter	K-12	1,551	0.91
St Anthony High School	NR	Private	9-12	210	1.06
Regional Day School	NR	Public	PK, K-12	71	1.07

Nearby ZIP codes for 506 Summit Avenue, Jersey City, NJ

07030, Hudson County, NJ 07032, Hudson County, NJ 07071, Bergen County, NJ 07086, Hudson County, NJ 07094, Hudson County, NJ 07302, Hudson County, NJ 07304, Hudson County, NJ 07305, Hudson County, NJ 07307, Hudson County, NJ 07310, Hudson County, NJ 07311, Hudson County, NJ 10004, New York City, NY 10006, New York City, NY 10013, New York City, NY 10014, New York City, NY 10271, New York City, NY 10279, New York City, NY 10280, New York City, NY 10282, New York City, NY

Frequently asked questions

When was 506 Summit Avenue, Jersey City, NJ 07306 last sold and what was the sale price?

506 Summit Avenue, Jersey City, NJ 07306 was last sold on 07/21/2024 for $30,000,000.

What is the assessed value of 506 Summit Avenue, Jersey City, NJ 07306?

506 Summit Avenue, Jersey City, NJ 07306 is currently assessed at $15,923,600.

What are the property taxes for 506 Summit Avenue, Jersey City, NJ 07306?

The property taxes for 506 Summit Avenue, Jersey City, NJ 07306 total $371,816.

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.