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CondominiumResidential

42 Elm St

SUMMIT, NJ 07901
1.19 ac
Lot SizeThe size of the land the home sits on, from county records.
1981
Year BuiltThe year the home was originally built, according to county records.
Built 198110 units756–1,428 ft²
$8.2M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$897K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$648
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-12.0%vs the Summit ZIP median sale $/ft² ($737)

Sales Performance

—
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
0
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
0.0%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+6.7%per yeartypical hold 4.6 yrsfrom 13 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20002005201120162019202120232025
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20002005201120162019202120232025

22 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$586K$700K$813K$927K756 ft²890 ft²1,025 ft²1,159 ft²1,294 ft²1,428 ft²
Studio
Studio
10 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
Studio · 0 ba · 1,428 ft²
6 units
Studio · 0 ba · 756 ft²
4 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$586K–$627K
2 units
$676K–$676K
1 unit
$798K–$798K
1 unit
$897K–$927K
6 units

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.40%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.10%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.3.4 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.50%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.38%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$759,247
Median tax billThe middle annual property tax bill among the building's units.$10,713
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 38BMay 30, 2025$535,000Unit 38JDec 12, 2024$475,000Unit 38FFeb 29, 2024$675,000Unit 38AAug 29, 2023$575,000Unit 38DJul 3, 2023$683,000Unit 38GJan 12, 2023$312,500Unit 38BSep 28, 2022$450,000Unit 38AAug 2, 2022$535,000Unit 38ASep 8, 2021$460,000Unit 38BMar 9, 2021$345,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.8 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyUNION
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Lawton C. Johnson Summit Middle SchoolA-
Middle · Grades 6–8 · 0.1 mi
E
Brayton Elementary SchoolA+
Elementary · Grades 1–5 · 0.5 mi
H
Summit High SchoolA+
High · Grades 9–12 · 0.8 mi

District: Summit City School District

Neighborhood · ZIP 07901These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.55
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.95
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.110

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.34%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.5%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.6%
PopulationHow many people live in this area.24,077
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,885 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$187,703
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$262,118
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.51 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.56%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

42 Elm St # 38a
756 ft²
$798K
42 Elm St # 38b
756 ft²
$627K
42 Elm St # 38c
1,428 ft²
$897K
42 Elm St # 38d
1,428 ft²
$927K
42 Elm St # 38e
1,428 ft²
$897K
42 Elm St # 38f
1,428 ft²
$915K
42 Elm St # 38g
1,428 ft²
$925K
42 Elm St # 38h
1,428 ft²
$905K
42 Elm St # 38i
756 ft²
$676K
42 Elm St # 38j
756 ft²
$586K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 42 Elm St

How many units are in 42 Elm St, Summit, NJ?

42 Elm St, Summit, NJ has 10 residential units across built in 1981, according to county assessor records.

What is a unit at 42 Elm St, Summit, NJ worth?

The median TopHap Estimate across the 10 units at 42 Elm St, Summit, NJ is $897,335. That works out to $648 per square foot. Units run from 756 to 1,428 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 42 Elm St, Summit, NJ expensive for Summit?

Units at 42 Elm St, Summit, NJ carry a median of $648 per square foot, 12% below the Summit median of $737 per square foot.

How often do units sell at 42 Elm St, Summit, NJ?

0 units at 42 Elm St, Summit, NJ sold in the last 12 months, out of 22 recorded arms-length sales all time. That is a turnover rate of 0.0% of the building per year.

Have units at 42 Elm St, Summit, NJ appreciated?

Across 13 repeat sales of the same unit, 42 Elm St, Summit, NJ returned a median 6.7% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 4.6 years.

What floor plans does 42 Elm St, Summit, NJ have?

The most common plan at 42 Elm St, Summit, NJ is a 0-bedroom of 1,428 square feet, repeated 6 times, with a median estimate of $909,917. TopHap identifies 2 recurring plans in the building.

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Assigned schools

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