718 Springfield Ave Summit, NJ 07901
Estimated payment $7,322/month
Highlights
- Deck
- Wood Flooring
- Circular Driveway
- L C Johnson Summit Middle School Rated A+
- High Ceiling
- Enclosed Patio or Porch
About This Home
LOCATION! LOCATION! 716-718 Springfield Ave is a RARE two-family duplex ideally situated in a prime location in Summit, known for its vibrant downtown, top-rated schools, and convenient access to major transportation. Each side of this property offers a spacious and functional layout featuring 4 bedrooms, 1.5 baths and hardwood floors. Walk-out basements provide additional space with flexible potential for storage, recreation, or future finishing. The property is complemented by ample off-street parking and a circular driveway, offering ease and convenience for multiple occupants. Perfectly positioned near Summit's shops, dining, parks, and NYC commuter routes, this is an outstanding opportunity for investors or owner-occupants seeking both lifestyle and long-term value. Property being sold in AS IS condition.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,417
Lot Details
- 6,098 Sq Ft Lot
- Partially Fenced Property
Home Design
- Asphalt Shingled Roof
Interior Spaces
- High Ceiling
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Home Security
- Storm Doors
- Fire and Smoke Detector
Parking
- 4 Parking Spaces
- Circular Driveway
Outdoor Features
- Deck
- Enclosed Patio or Porch
Utilities
- Window Unit Cooling System
- Standard Electricity
Community Details
- Net Operating Income $60,713
Listing and Financial Details
- Assessor Parcel Number 2918-02901-0000-00022-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,149 | $233,000 | $106,600 | $126,400 |
| 2024 | $10,082 | $233,000 | $106,600 | $126,400 |
| 2023 | $10,082 | $233,000 | $106,600 | $126,400 |
| 2022 | $9,979 | $233,000 | $106,600 | $126,400 |
| 2021 | $10,059 | $233,000 | $106,600 | $126,400 |
| 2020 | $10,159 | $233,000 | $106,600 | $126,400 |
| 2019 | $10,170 | $233,000 | $106,600 | $126,400 |
| 2018 | $10,105 | $233,000 | $106,600 | $126,400 |
| 2017 | $10,170 | $233,000 | $106,600 | $126,400 |
| 2016 | $10,021 | $233,000 | $106,600 | $126,400 |
| 2015 | $9,826 | $233,000 | $106,600 | $126,400 |
| 2014 | $9,572 | $233,000 | $106,600 | $126,400 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/20/2026 05/20/26 | Pending | -- | -- | -- | |
| 05/09/2026 05/09/26 | For Sale | $1,195,000 | +102.5% | -- | |
| 10/27/2021 10/27/21 | Sold | $590,000 | 0.0% | -- | View Prior Sale |
| 09/09/2021 09/09/21 | Pending | -- | -- | -- | |
| 07/21/2021 07/21/21 | For Sale | $590,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $590,000 | Title Agency Of Nj Inc | |
| Deed | $653,500 | -- | |
| Deed | $250,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $325,000 | New Conventional | |
| Previous Owner | $196,250 | No Value Available |
Source: Garden State MLS
MLS Number: 4026415
APN: 18-02901-0000-00022
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