Union County  »  570 Springfield Ave

570 Springfield Avenue, Summit, NJ 07901 - Property report

Also known as: 570 Springfield Ave

Property image for 570 Springfield Avenue, Summit, NJ 07901
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Property type

Hotel (280)

Acreage

4.3

Sale price

$16,300,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
570 Springfield Avenue
ZIP code
07901
County
Union
Block
1809
Lot
1
Municipality
2018
Qualifier
Parcel ID
1809-1

Owner

Find out who owns 570 Springfield Avenue, Summit, NJ 07901. Uncover corporate and individual owners with a free account.

Sales
Sale date
06/14/2023
Sale price
$16,300,000
Arm's length
Tax
Tax year
2026
Current property tax
$253,139
Building
Property type
Hotel (280)
Exterior structural material
Lot
Acreage
4.3
Zoning & Use
Zoning
Qualified opportunity zone

Area overview

Walk score
74 /100.  Very Walkable
Transit score
42 /100.  Some Transit
Bike score
48 /100.  Somewhat Bikeable
Broadband internet providers and speed map
Types of broadband connections
Ownership

Ownership information for 570 Springfield Avenue, Summit, NJ

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

Sales history for 570 Springfield Avenue, Summit, NJ 07901

Sale date Sale price Buyer name Seller name
06/14/2023 $16,300,000 XXX XXXXXXXXXXX XXX XXXXXXXX XXX XXXXXX XXXXXXXX XXXXX

*Most recent sale on record for this property.

More about Union County property records.

Title documents

Date Type Amount Party 1 Party 2 Doc #
06/20/2023 - R
06/14/2023 - D		 Mortgage XXX XXXXXXXXXXX XXX XXXXXXXX XXX XXXXX XXXX
06/20/2023 - R
06/14/2023 - D		 Mortgage XXX XXXXXXXXXXX XXX XXXXXXXX XXX XXXXX XXXX
06/20/2023 - R
06/14/2023 - D		 Mortgage XXX XXXXXXXXXXX XXX XXXXXXXX XXX XXXXX XXXX
06/20/2023 - R
06/14/2023 - D		 Mortgage XXX XXXXXXXXXXX XXX XXXXXXXX XXX XXXXX XXXX
06/20/2023 - R
06/14/2023 - D		 Deed and Realty Tax Fees XXXXXX XXXXXXXX XXXXX XXX XXXXXXXXXXX XXX XXXXXXXX XXX
10/23/2020 - R
09/25/2020 - D		 Mortgage XXXXXX XXXXXXXX XXXXX XXXXXXXX XXXX
10/23/2020 - R
09/25/2020 - D		 Mortgage XXXXXX XXXXXXXX XXXXX XXXXXXXX XXXX
06/18/1998 - D Deed and Realty Tax Fees

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 570 Springfield Avenue, 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
$253,139
Recent tax assessments
Market value
$5,661,800
Land value
$3,225,000
Building value
$2,436,800

More about Union 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 $4,661,800 $4,661,800 4.471 $208,429 +20.78%
2024 $3,961,800 $3,961,800 4.356 $172,576 +0.67%
2023 $3,961,800 $3,961,800 4.327 $171,427 +1.03%
2022 $3,961,800 $3,961,800 4.283 $169,684 -0.79%
2021 $3,961,800 $3,961,800 4.317 $171,031 -0.99%
2020 $3,961,800 $3,961,800 4.36 $172,734 -0.11%
2019 $3,961,800 $3,961,800 4.365 $172,933 +0.65%
2018 $3,961,800 $3,961,800 4.337 $171,823 -0.64%
2017 $3,961,800 $3,961,800 4.365 $172,933 +1.49%
2016 $3,961,800 $3,961,800 4.301 $170,397 +1.99%
Permits

Permit information for 570 Springfield Avenue, Summit, NJ

No recently recorded permits for this property.

Neighborhood

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
A, X

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map
View daily traffic map

Access the detailed traffic volume map for 570 Springfield Avenue, Summit, NJ 07901 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Neighbors for 570 Springfield Avenue, Summit, NJ

16 Blackburn Rd, Summit 6 New England Ave, Summit 15 Locust Dr, Summit 9 Tulip St, Summit 544 Springfield Ave, Summit 5 Tulip St, Summit 7 Tulip St, Summit 42 Norwood Ave, Summit 10 New England Ave, Summit 10 Blackburn Rd, Summit 21 Locust Dr, Summit 11 George St, Summit 324 Morris Ave, Summit 12 Blackburn Rd, Summit 1 George St, Summit 41 Locust Dr, Summit 43 Locust Dr, Summit 45 Locust Dr, Summit 25 Locust Dr, Summit 5 George St, Summit

Nearby ZIP codes for 570 Springfield Avenue, Summit, NJ

07016, Union County, NJ 07023, Union County, NJ 07027, Union County, NJ 07033, Union County, NJ 07039, Essex County, NJ 07041, Essex County, NJ 07062, Union County, NJ 07076, Union County, NJ 07083, Union County, NJ 07088, Union County, NJ 07090, Union County, NJ 07092, Union County, NJ 07922, Union County, NJ 07928, Morris County, NJ 07932, Morris County, NJ 07935, Morris County, NJ 07940, Morris County, NJ 07974, Union County, NJ

Frequently asked questions

What is the market value of 570 Springfield Avenue, Summit, NJ 07901?

The current market value of 570 Springfield Avenue, Summit, NJ 07901 is $5,661,800.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 151.

Disclaimer

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