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186 Summit St

Somerville, NJ 08876

4 bd 3 ba 2,248 sqft Built 1910 Lot 8,276 sqft multi_family
Most recent sale
$550,000
Apr 11, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 11, 2022 Sold $550,000 MLS #3763295
Feb 10, 2022 Listed $525,000 MLS #3763295
Nov 11, 2021 Listed $525,000 MLS #3751450
Sep 21, 2006 Sold $430,000 MLS #4722536
Apr 5, 2006 Listed $430,000 MLS #4722536
Apr 24, 2000 Sold $160,000 Public Record
Oct 11, 1989 Sold $84,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $180,600 $124,100 $304,700 $12,428
2024 $180,600 $124,100 $304,700 $12,044
2023 $180,600 $124,100 $304,700 $11,767
2022 $180,600 $124,100 $304,700 $11,459
2021 $180,600 $124,100 $304,700 $11,387
2020 $180,600 $124,100 $304,700 $11,152
2019 $180,600 $124,100 $304,700 $11,075
2018 $180,600 $124,100 $304,700 $10,957
2017 $180,600 $124,100 $304,700 $10,731
2016 $180,600 $124,100 $304,700 $10,295
2015 $180,600 $124,100 $304,700 $10,158
2014 $180,600 $124,100 $304,700 $9,997
2013 $180,600 $124,100 $304,700 $9,875
2012 $180,600 $134,100 $314,700 $9,865
2011 $180,600 $134,100 $314,700 $9,368
2010 $122,700 $58,200 $180,900 $9,910
2009 $122,700 $58,200 $180,900 $9,526
2008 $122,700 $58,200 $180,900 $9,144
2007 $122,700 $58,200 $180,900 $8,737

Property facts

Year built
1910
Property type
multi_family
Stories
2
Beds
4
Baths
3
Living area
2,248 sqft
Lot size
8,276 sqft
ZIP code
08876
City
Somerville
Street
Summit St
Coordinates
40.57522, -74.61824

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$3,372
Gross rental yield
7.36%
Implied cap rate
4.78%
Trend-extrapolated value

Frequently asked questions

When did 186 Summit St last sell?
186 Summit St most recently sold on Apr 11, 2022 for $550,000.
What is the current tax assessment for 186 Summit St?
The most recent total assessment for 186 Summit St (year 2025) is $304,700 with $12,428 in property tax.
How does 186 Summit St's assessment compare to its last sale price?
The current assessment is 44.6% below the last sale price of $550,000.
When was 186 Summit St built?
186 Summit St was built in 1910.
How does 186 Summit St compare to others on Summit St?
We track 8 other properties on Summit St. Browse the list under "Other properties on Summit St" to compare beds, baths, and sale history.
What are the property facts for 186 Summit St?
186 Summit St is a 4 bed, 3 bath, 2,248 sqft, 8,276 sqft lot multi_family.
Is 186 Summit St a flip candidate?
No — 186 Summit St does not appear in our flips dataset.
Is 186 Summit St a tax-appeal candidate?
No — 186 Summit St 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
-0.3%
Implied 1-yr
-1.1%
2026 Q3
$585.5K
2026 Q4
$583.9K
ZIP 08876 — Median Price History + Forecast

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