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15 Summit Rd

Parsippany, NJ 07054

5 bd 2,618 sqft Built 2022 Lot 7,623 sqft single_family
Most recent sale
$880,000
May 20, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jun 29, 2022 Sold $880,000 Public Record
May 20, 2022 Sold $880,000 MLS #3766699
Mar 2, 2022 Listed $879,999 MLS #3766699
Jan 4, 2022 Sold $324,000 Public Record
Oct 8, 2019 Sold $285,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $361,100 $138,500 $499,600 $17,690
2024 $361,100 $138,500 $499,600 $17,301
2023 $361,100 $138,500 $499,600 $16,971
2022 $138,500 $138,500 $4,592
2021 $138,500 $138,500 $4,389
2020 $128,000 $138,500 $266,500 $8,245
2019 $128,000 $138,500 $266,500 $8,024
2018 $128,000 $138,500 $266,500 $7,848
2017 $128,000 $138,500 $266,500 $7,672
2016 $128,000 $138,500 $266,500 $7,539
2015 $128,000 $138,500 $266,500 $7,192
2014 $128,000 $138,500 $266,500 $7,096
2013 $128,000 $138,500 $266,500 $6,931
2012 $128,000 $138,500 $266,500 $6,960
2011 $128,000 $138,500 $266,500 $6,803
2010 $128,000 $138,500 $266,500 $6,655
2009 $128,000 $138,500 $266,500 $6,369
2008 $128,000 $138,500 $266,500 $6,081
2007 $128,000 $138,500 $266,500 $5,849

Property facts

Year built
2022
Property type
single_family
Stories
2
Beds
5
Baths
Living area
2,618 sqft
Lot size
7,623 sqft
ZIP code
07054
City
Parsippany
Street
Summit Rd
Coordinates
40.84971, -74.44315

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$3,927
Gross rental yield
5.36%
Implied cap rate
3.48%
Trend-extrapolated value

Frequently asked questions

When did 15 Summit Rd last sell?
15 Summit Rd most recently sold on May 20, 2022 for $880,000.
What is the current tax assessment for 15 Summit Rd?
The most recent total assessment for 15 Summit Rd (year 2025) is $499,600 with $17,690 in property tax.
How does 15 Summit Rd's assessment compare to its last sale price?
The current assessment is 43.2% below the last sale price of $880,000.
When was 15 Summit Rd built?
15 Summit Rd was built in 2022.
How does 15 Summit Rd compare to others on Summit Rd?
We track 5 other properties on Summit Rd. Browse the list under "Other properties on Summit Rd" to compare beds, baths, and sale history.
What are the property facts for 15 Summit Rd?
15 Summit Rd is a 5 bed, 2,618 sqft, 7,623 sqft lot single_family.
Is 15 Summit Rd a flip candidate?
Yes — 15 Summit Rd appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 15 Summit Rd a tax-appeal candidate?
No — 15 Summit Rd is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+5.7%
Implied 1-yr
+22.8%
2026 Q2
$850.9K
2026 Q3
$886.3K
ZIP 07054 — Median Price History + Forecast

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