Union County » 851 Springfield Ave

851 Springfield Avenue, Summit, NJ 07901 - Property report

Also known as: 851 Springfield Ave

Property image for 851 Springfield Avenue, Summit, NJ 07901

Property type

Apartment-Garden (020)

Year built

1941

Acreage

8.684

Sale price

$13,300,000

General information

Address

Primary address

851 Springfield Avenue

ZIP code

07901

County

Union

Block

103

Lot

22.01

Municipality

2011

Qualifier

Parcel ID

103-22.01

Sales

Sale date

12/29/2015

Sale price

$13,300,000

Arm's length

Tax

Tax year

2026

Current property tax

$631,069

Building

Property type

Apartment-Garden (020)

Building sq. ft.

192

Year built

1941

Exterior structural material

Lot

Acreage

8.684

Zoning & Use

Zoning

Qualified opportunity zone

Area overview

Walk score

45 /100. Car-Dependent

Transit score

0 /100. Minimal Transit

Bike score

22 /100. Somewhat Bikeable

Broadband internet providers and speed map

Types of broadband connections

Ownership

Ownership information for 851 Springfield Avenue, Summit, NJ

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 851 Springfield Avenue, Summit, NJ 07901

Sale date	Sale price	Buyer name	Seller name
12/29/2015	$13,300,000	XXXXX XXXXXX XXXXXXX XXX XXXX,XXX	XXXXX XXXXXXXXXX XXXXXXXXX XXXX,XX
11/20/2006	$1	XXXXX XXXXXXXXXX XXXXXXXXX XXXX,XX	XXXXX XXXXXXXXXX XXXXXXXXX XXXXXXX

*Most recent sales on record for this property.

More about Union County property records.

Title documents

Date	Type	Party 1	Party 2
01/29/2026 - R 10/01/2025 - D
01/13/2016 - R 12/29/2015 - D	Deed and Realty Tax Fees	XXXXX XXXXXXXXXX XXXXXXXXX XXXX,XX	XXXXX XXXXXX XXXXXXX XXX XXXX,XXX
11/20/2006 - D	Deed and Realty Tax Fees	XXXXX XXXXXXXXXX XXXXXXXXX XXXXXXX	XXXXX XXXXXXXXXX XXXXXXXXX XXXX,XX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 851 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

$631,069

Recent tax assessments

Market value

$12,038,700

Land value

$2,818,200

Building value

$9,220,500

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	$12,038,700	$12,038,700	5.242	$631,069	-17.40%
2024	$14,800,000	$14,800,000	5.162	$763,976	+3.10%
2023	$14,800,000	$14,800,000	5.007	$741,036	-4.99%
2022	$15,795,700	$15,795,700	4.938	$779,992	+0.73%
2021	$15,795,700	$15,795,700	4.902	$774,305	+0.04%
2020	$15,795,700	$15,795,700	4.9	$773,989	+0.62%
2019	$15,795,700	$15,795,700	4.87	$769,251	+0.52%
2018	$15,795,700	$15,795,700	4.845	$765,302	+1.68%
2017	$15,795,700	$15,795,700	4.765	$752,665	+1.40%
2016	$15,795,700	$15,795,700	4.699	$742,240	+93.70%

Permits

Permit information for 851 Springfield Avenue, Summit, NJ

No recently recorded permits for this property.

Listings

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

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 851 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 851 Springfield Avenue, Summit, NJ

11 Valentine Rd, New Providence

Nearby ZIP codes for 851 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 year built for 851 Springfield Avenue, Summit, NJ 07901?

The development at 851 Springfield Avenue, Summit, NJ 07901 was built in 1941.

What is the total square footage of 851 Springfield Avenue, Summit, NJ 07901?

851 Springfield Avenue, Summit, NJ 07901 has a total of 192 square feet.

When was 851 Springfield Avenue, Summit, NJ 07901 last sold and what was the sale price?

851 Springfield Avenue, Summit, NJ 07901 was last sold on 12/29/2015 for $13,300,000.

What is the assessed value of 851 Springfield Avenue, Summit, NJ 07901?

851 Springfield Avenue, Summit, NJ 07901 is currently assessed at $12,038,700.

What are the property taxes for 851 Springfield Avenue, Summit, NJ 07901?

The property taxes for 851 Springfield Avenue, Summit, NJ 07901 total $631,068.

How many residential units does this building have?

This building has 210 residential unit(s).

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.