Union County  »  61 Michigan Ave

61 Michigan Avenue, Summit, NJ 07901 - Property report

Also known as: 61 Michigan Ave

Property image for 61 Michigan Avenue, Summit, NJ 07901
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Property type

Office-Engineering/Research (563)

Acreage

10.19

Sale price

$39,700,000

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
61 Michigan Avenue
ZIP code
07901
County
Union
Block
4102
Lot
3
Municipality
2018
Qualifier
Parcel ID
4102-3

Owner

Find out who owns 61 Michigan Avenue, Summit, NJ 07901. Uncover corporate and individual owners with a free account.

Sales
Sale date
05/07/2021
Sale price
$39,700,000
Arm's length
Tax
Tax year
2026
Current property tax
$540,446
Building
Property type
Office-Engineering/Research (563)
Exterior structural material
Lot
Acreage
10.19
Zoning & Use
Zoning
Qualified opportunity zone

Area overview

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

Ownership information for 61 Michigan Avenue, Summit, NJ

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

Sales history for 61 Michigan Avenue, Summit, NJ 07901

Sale date Sale price Buyer name Seller name
05/07/2021 $39,700,000 XXXXXX XXXX XXXXXXXXX XXXXXXXX XXX XXXXXXX XXXXXXXXXXX
05/07/2021 $1 XXXXXX XXXX XXXXXXXXX XXXXXXXX XXX XXXXXXX XXXXXXXXXXX
11/30/2004 $25,000,000 XXXXXXX XXXXXXXXXXX XXXXXX, XXX % XXXXXXXX XXXXXXXX

*Most recent sales on record for this property.

More about Union County property records.

Title documents

Date Type Amount Party 1 Party 2 Doc #
06/10/2021 - R
05/07/2021 - D		 Mortgage XXXXXX XXXX XXXXXXXXX XXXXXXXX XXX XXXXXXXX XXXXXXXX XXXX
06/10/2021 - R
05/07/2021 - D		 Mortgage XXXXXX XXXX XXXXXXXXX XXXXXXXX XXX XXXXXXXX XXXXXXXX XXXX
06/10/2021 - R
05/07/2021 - D		 Deed and Realty Tax Fees XXXXXXX XXXXXXXXXXX XXXXXX XXXX XXXXXXXXX XXXXXXXX XXX
06/10/2021 - R
05/07/2021 - D		 Deed and Realty Tax Fees XXXXXXX XXXXXXXXXXX XXXXXX XXXX XXXXXXXXX XXXXXXXX XXX
12/01/2004 - R
11/30/2004 - D		 Deed and Realty Tax Fees XXXXXX, XXX XXXXXXXX XXXXXXXX XXXXXXX XXXXXXXXXXX
06/25/1998 - 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 61 Michigan 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
$540,446
Recent tax assessments
Market value
$12,087,800
Land value
$2,865,900
Building value
$9,221,900

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 $12,087,800 $12,087,800 4.471 $540,446 +2.64%
2024 $12,087,800 $12,087,800 4.356 $526,545 +0.67%
2023 $12,087,800 $12,087,800 4.327 $523,039 +1.03%
2022 $12,087,800 $12,087,800 4.283 $517,720 -0.79%
2021 $12,087,800 $12,087,800 4.317 $521,830 -0.99%
2020 $12,087,800 $12,087,800 4.36 $527,028 -0.11%
2019 $12,087,800 $12,087,800 4.365 $527,632 +0.65%
2018 $12,087,800 $12,087,800 4.337 $524,248 +140.61%
2017 $4,991,600 $4,991,600 4.365 $217,883 +1.49%
2016 $4,991,600 $4,991,600 4.301 $214,689 +1.99%
Permits

Permit information for 61 Michigan 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
X

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map
View daily traffic map

Access the detailed traffic volume map for 61 Michigan 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 61 Michigan Avenue, Summit, NJ

45 Michigan Ave, Summit 35 Michigan Ave, Summit 47 Shunpike Rd, Summit 94 Morris Ave, Summit 51 Michigan Ave, Summit 47 Michigan Ave, Summit 39 Michigan Ave, Summit 69 Michigan Ave, Summit 41 Michigan Ave, Summit 37 Michigan Ave, Summit 71 Michigan Ave, Summit 45 Shunpike Rd, Summit 57 Michigan Ave, Summit 55 Michigan Ave, Summit 53 Shunpike Rd, Summit 43 Shunpike Rd, Summit 16 Morris CT, Summit 43 Michigan Ave, Summit 41 Shunpike Rd, Summit 18 Morris CT, Summit

Nearby ZIP codes for 61 Michigan 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 61 Michigan Avenue, Summit, NJ 07901?

The current market value of 61 Michigan Avenue, Summit, NJ 07901 is $12,087,800.

Disclaimer

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