| Primary address | 40 Grove Terrace, Summit |
| Zip code | 07901 |
| County | Union |
| Municipality | New Providence Borough |
| Block | 122 |
| Lot | 17 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 09/28/2021 |
| Sale price | $999,000 |
| Arm's length | Register |
| Property tax | $20,860 |
| Building sqft | 3,050 |
| Building class | Residential (2) |
| Acreage | 0.31 |
| Year built | 1985 |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Property reports include comprehensive occupancy, improvement and development information (where available).
Create a free account to access valuable data points such as:
40 Grove Terrace, Summit, NJ 07901 was built in 1985 and has a total of 3,050 square feet.
What is the assessed value of 40 Grove Terrace, Summit, NJ 07901 and the property tax paid?Assessed at $404,100, the tax amount paid for 40 Grove Terrace, Summit, NJ 07901 is $21,182.
When was 40 Grove Terrace, Summit, NJ 07901 last sold and what was the last sale price?40 Grove Terrace, Summit, NJ 07901 was last sold in 09/28/2021 for $999,000.
View detailed property contacts like owners, building management, representatives from permits and tenants with a free account.
Create a free account to view the complete sales history for 40 Grove Terrace, Summit, including title documents, transfer conditions, mortgages and liens.
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for 40 Grove Terrace, Summit, NJ 07901. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Property tax | $20,860 |
| Market value | $404,100 |
Here's the assessment & property tax history for 40 Grove Terrace, Summit, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessment value | Total tax rate | Property tax | Year over year change |
|---|---|---|---|---|---|
| 2024 | $404,100 | $404,100 | 5.162 | $20,860 | +3.10% |
| 2023 | $404,100 | $404,100 | 5.007 | $20,233 | +1.40% |
| 2022 | $404,100 | $404,100 | 4.938 | $19,954 | +7.49% |
| 2021 | $378,700 | $378,700 | 4.902 | $18,564 | +0.04% |
| 2020 | $378,700 | $378,700 | 4.9 | $18,556 | +0.62% |
Create a free account to unlock extended information for 40 Grove Terrace, Summit, including whether it's located in FEMA flood zones, floodways or special flood hazard areas, as well as the Coastal barriers resources system area (COBRA).
| FEMA flood zone(s) | X (See more on map) |
| Fire hazard zone | See more on map |
| Geohazard zones map | Register |
Access the detailed traffic volume map for 40 Grove Terrace, Summit to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
| View daily traffic map |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Salt Brook Elementary School | 9 | Public | K-6 | 607 | 0.20 |
| Franklin Elementary School | 8 | Public | 1-5 | 327 | 0.55 |
| Primary Center At Wilson | NR | Public | PK, K | 202 | 0.64 |
| Primary Center At Wilson | NR | Public | PK, K | 202 | 0.64 |
| Devel L C New Providence | NR | Public | K-9 | 74 | 0.71 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Devel L C New Providence | NR | Public | K-9 | 74 | 0.71 |
| Oak Knoll School of the Holy Child | NR | Private | PK, K-12 | 504 | 0.98 |
| The Academy of Our Lady of Peace | NR | Private | PK-8 | 146 | 1.15 |
| New Providence Middle School | 7 | Public | 7-8 | 398 | 1.32 |
| L C Johnson Summit Middle School | 7 | Public | 6-8 | 942 | 1.38 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Oak Knoll School of the Holy Child | NR | Private | PK, K-12 | 504 | 0.98 |
| Summit Sr High School | 7 | Public | 9-12 | 1,161 | 1.17 |
| New Providence High School | 7 | Public | 9-12 | 666 | 1.32 |
| Governor Livingston High School | 7 | Public | 9-12 | 936 | 1.37 |
| Kent Place School | NR | Private | PK-12 | 621 | 1.43 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Here are the neighbors for 40 Grove Terrace, Summit.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 75 Division Ave, Summit | 2,154 | 01/07/2021 | $165,000 |
| 69 Division Ave, Summit | 1,587 | 12/08/2000 | $287,000 |
| 99 Division Ave, Summit | |||
| 115 Division Ave, Summit | 2,421 | 06/03/2019 | $710,000 |
| 82 Central Ave, Summit | 3,016 | 06/07/2000 | $695,000 |
| 852 Springfield Ave, New Providence | 1,570 | 01/08/2004 | $290,000 |
| 854 Springfield Ave, New Providence | 1,541 | 07/09/2021 | $10 |
| 73 Division Ave, Summit | 1,700 | 06/25/2015 | $1 |
| 71 Division Ave, Summit | 2,250 | 09/09/1985 | $125,000 |
| 111 Division Ave, Summit | 2,237 | 05/22/2013 | $1,085,000 |
| 72 Central Ave, Summit | 2,723 | 06/11/2014 | $1 |
| 856 Springfield Ave, New Providence | 2,198 | 03/08/2024 | $750,000 |
| 81 Division Ave, Summit | 2,116 | 06/13/1995 | $177,500 |
| 83 Division Ave, Summit | |||
| 77 Division Ave, Summit | 1,564 | 01/24/2002 | $295,000 |
| 75 Central Ave, Summit | 03/17/1977 | $61,450 | |
| 28 Grove Ter, Summit | 2,200 | 06/28/2022 | $925,000 |
| 79 Division Ave, Summit | 2,106 | 05/15/2009 | $1 |
| 20 Grove Ter, Summit | 2,758 | 10/05/2023 | $1 |
| 8 Grove Ter, Summit | 3,096 | 06/07/2012 | $493,500 |