259 Summit Ave
Summit, NJ 07901
7 bd 8 ba 6,475 sqft Built 2022 Lot 24,829 sqft single_family
Most recent sale
$3,550,000
Sep 2, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 2, 2022 | Sold | $3,550,000 | Public Record |
| Aug 30, 2022 | Sold | $3,550,000 | GardenState |
| Jun 24, 2022 | Listed | $3,750,000 | MLS #3791675 |
| Nov 17, 2020 | Sold | $750,000 | Public Record |
| Jan 7, 2017 | Listing removed | $4,200 | GardenState |
| Nov 25, 2016 | Listed for rent | $4,200 | GardenState |
| May 16, 2015 | Listing removed | $4,200 | GardenState |
| May 11, 2015 | Listed for rent | $4,200 | GardenState |
| Dec 21, 2014 | Listing removed | $4,000 | GardenState |
| Nov 12, 2014 | Listed for rent | $4,000 | GardenState |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $1,211,800 | $294,300 | $1,506,100 | $65,102 |
| 2024 | $1,161,800 | $294,300 | $1,456,100 | $63,427 |
| 2023 | $1,161,800 | $294,300 | $1,456,100 | $63,005 |
| 2022 | $110,100 | $294,300 | $404,400 | $17,320 |
| 2021 | $110,100 | $294,300 | $404,400 | $17,457 |
| 2020 | $110,100 | $294,300 | $404,400 | $17,632 |
| 2019 | $110,100 | $294,300 | $404,400 | $17,652 |
| 2018 | $110,100 | $294,300 | $404,400 | $17,539 |
| 2017 | $110,100 | $294,300 | $404,400 | $17,652 |
| 2016 | $110,100 | $294,300 | $404,400 | $17,393 |
| 2015 | $110,100 | $294,300 | $404,400 | $17,054 |
| 2014 | $177,800 | $362,200 | $540,000 | $22,183 |
| 2013 | $177,800 | $362,200 | $540,000 | $21,935 |
| 2012 | $177,800 | $362,200 | $540,000 | $21,422 |
| 2011 | $177,800 | $362,200 | $540,000 | $20,677 |
| 2010 | $177,800 | $362,200 | $540,000 | $20,191 |
| 2009 | $177,800 | $362,200 | $540,000 | $19,381 |
| 2008 | $177,800 | $362,200 | $540,000 | $18,549 |
| 2007 | $177,800 | $362,200 | $540,000 | $17,852 |
Property facts
Year built
2022
Property type
single_family
Stories
—
Beds
7
Baths
8
Living area
6,475 sqft
Lot size
24,829 sqft
ZIP code
07901
City
Summit
Street
Summit Ave
Coordinates
40.72813, -74.35652
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$21,300
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 259 Summit Ave last sell?
259 Summit Ave most recently sold on Sep 2, 2022 for $3,550,000.
What is the current tax assessment for 259 Summit Ave?
The most recent total assessment for 259 Summit Ave (year 2025) is $1,506,100 with $65,102 in property tax.
How does 259 Summit Ave's assessment compare to its last sale price?
The current assessment is 57.6% below the last sale price of $3,550,000.
When was 259 Summit Ave built?
259 Summit Ave was built in 2022.
How does 259 Summit Ave compare to others on Summit Ave?
We track 8 other properties on Summit Ave. Browse the list under "Other properties on Summit Ave" to compare beds, baths, and sale history.
What are the property facts for 259 Summit Ave?
259 Summit Ave is a 7 bed, 8 bath, 6,475 sqft, 24,829 sqft lot single_family.
Is 259 Summit Ave a flip candidate?
Yes — 259 Summit Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 259 Summit Ave a tax-appeal candidate?
No — 259 Summit Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+6.8%
Implied 1-yr
+27.0%
2026 Q3
$2.07M
2026 Q4
$2.16M
ZIP 07901 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Summit Ave