Union County  »  40-42 River Rd

40-42 River Road, Summit, NJ 07901 - Property report

Also known as: 40-42 River Rd

Property image for 40-42 River Road, Summit, NJ 07901
static Mapbox map

Property type

Auto Showroom (030)

Year built

1963

Acreage

0.803

Sale price

$2,700,000

General information

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Address
Primary address
40-42 River Road
ZIP code
07901
County
Union
Block
201
Lot
5
Municipality
2018
Qualifier
Parcel ID
201-5

Owner

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Sales
Sale date
07/01/2011
Sale price
$2,700,000
Arm's length
Tax
Tax year
2026
Current property tax
$126,020
Building
Property type
Auto Showroom (030)
Building sq. ft.
14,972
Year built
1963
Exterior structural material
Lot
Acreage
0.803
Zoning & Use
Zoning
Qualified opportunity zone

Area overview

Walk score
68 /100.  Somewhat Walkable
Transit score
30 /100.  Some Transit
Bike score
40 /100.  Somewhat Bikeable
Broadband internet providers and speed map
Types of broadband connections

Ownership information for 40-42 River Road, Summit, NJ

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 40-42 River Road, Summit, NJ 07901

Sale date Sale price Buyer name Seller name
07/01/2011 $2,700,000 XX-XX XXXXX XX, XXX XXX XXXXXX, XXX
06/15/2005 $2,725,000 XXX XXXXXX, XXX XXXXXX XXXXXXXXX, XXX

*Most recent sales on record for this property.

More about Union County property records.

Title documents

Date Type Amount Party 1 Party 2 Doc #
07/21/2026 - R
07/15/2026 - D
Mortgage XX-XX XXXXX XXXX XXX XXXXXXXXX XXXX
07/21/2026 - R
07/15/2026 - D
Mortgage XX-XX XXXXX XXXX XXX XXXXXXXXX XXXX
09/03/2024 - R
08/28/2024 - D
Mortgage XX-XX XXXXX XXXX XXX XXXXXXXXX XXXX
04/12/2019 - R
04/05/2019 - D
Mortgage XX-XX XXXXX XXXX XXX XX XXXX XXXXXXXX XXXXXXXXXXX
04/12/2019 - R
04/05/2019 - D
Mortgage XX-XX XXXXX XXXX XXX XX XXXX XXXXXXXX XXXXXXXXXXX
05/03/2018 - R
04/27/2018 - D
Mortgage XX-XX XXXXX XXXX XXX XX-XX XXXXX XXXX XXX
07/15/2011 - R
07/01/2011 - D
Deed and Realty Tax Fees XXX XXXXXX, XXX XX-XX XXXXX XX, XXX
07/01/2005 - R
06/15/2005 - D
Deed and Realty Tax Fees XXXXXX XXXXXXXXX, XXX XXX XXXXXX, XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 40-42 River Road, Summit, 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
$126,020
Recent tax assessments
Market value
$2,818,600
Land value
$466,300
Building value
$2,352,300

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 $2,818,600 $2,818,600 4.471 $126,020 +2.64%
2024 $2,818,600 $2,818,600 4.356 $122,778 +0.67%
2023 $2,818,600 $2,818,600 4.327 $121,961 +1.03%
2022 $2,818,600 $2,818,600 4.283 $120,721 -0.79%
2021 $2,818,600 $2,818,600 4.317 $121,679 -0.99%
2020 $2,818,600 $2,818,600 4.36 $122,891 -0.11%
2019 $2,818,600 $2,818,600 4.365 $123,032 +0.65%
2018 $2,818,600 $2,818,600 4.337 $122,243 -0.64%
2017 $2,818,600 $2,818,600 4.365 $123,032 +1.49%
2016 $2,818,600 $2,818,600 4.301 $121,228 -18.30%

Permit information for 40-42 River Road, Summit, NJ

No recently recorded permits for this property.

Demographics by ZIP code

Total population
24,314
Median age
41.5
Average household income
$297,789
Family households
70.9%
People per household (average)
2.68
Occupied housing units
9,014
Owner-occupied units
66.3%
Median year structure built
1954
Median value mortgaged units
$985,100
Median value unmortgaged units
$995,000

Risk

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FEMA flood zones

FEMA flood zones
X

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map

Access the detailed traffic volume map for 40-42 River Road, Summit, NJ 07901 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Frequently asked questions

What is the year built for 40-42 River Road, Summit, NJ 07901?

The development at 40-42 River Road, Summit, NJ 07901 was built in 1963.

What is the market value of 40-42 River Road, Summit, NJ 07901?

The current market value of 40-42 River Road, Summit, NJ 07901 is $2,818,600.

What is the total square footage of 40-42 River Road, Summit, NJ 07901?

40-42 River Road, Summit, NJ 07901 has a total of 14,972 square feet.

What is the price per square foot for this property?

$180 per square foot is the price for 40-42 River Road, Summit, NJ 07901.

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