718 Springfield Ave Summit, NJ 07901
Estimated payment $7,241/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
Home Design
- Asphalt Shingled Roof
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
Additional Features
- High Ceiling
- 6,098 Sq Ft Lot
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
| 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
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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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