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CondominiumResidential

768 Springfield Ave

SUMMIT, NJ 07901
3.06 ac
Lot SizeThe size of the land the home sits on, from county records.
1977
Year BuiltThe year the home was originally built, according to county records.
Built 197745 units1,150–1,150 ft²
$24M
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.
$540K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$470
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-25.5%vs the Summit ZIP median sale $/ft² ($630)

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.
+1.9%per yeartypical hold 6.7 yrsfrom 25 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
19992004200620092012201620192022
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
19992004200620092012201620192022

57 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.
$449K$498K$546K$595K1,150 ft²1,150 ft²1,150 ft²1,150 ft²1,150 ft²1,150 ft²
Studio
Studio
45 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 · 1,150 ft²
45 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.

$449K–$449K
1 unit
$528K–$540K
21 units
$540K–$550K
15 units
$559K–$569K
6 units
$590K–$595K
2 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.51%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.13%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.12.3 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.0%
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.47%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$615,191
Median tax billThe middle annual property tax bill among the building's units.$6,416
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 E3Nov 29, 2022$400,000Unit E2Dec 15, 2021$415,000Unit A2Sep 17, 2021$387,000Unit C8May 17, 2021$390,000Unit D4Oct 19, 2020$342,000Unit E4May 8, 2020$420,000Unit C5Nov 26, 2019$383,750Unit E7Jan 22, 2019$358,000Unit A6Oct 16, 2018$390,000Unit E5Jul 31, 2018$355,000

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

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.

E
Franklin Elementary SchoolA
Elementary · Grades 1–5 · 0.5 mi
H
Summit High SchoolA+
High · Grades 9–12 · 0.9 mi
M
Lawton C. Johnson Summit Middle SchoolA-
Middle · Grades 6–8 · 1.3 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.

768 Springfield Ave # A1
1,150 ft²
$449K
768 Springfield Ave # B1
1,150 ft²
$536K
768 Springfield Ave # C1
1,150 ft²
$564K
768 Springfield Ave # D1
1,150 ft²
$569K
768 Springfield Ave # E1
1,150 ft²
$539K
768 Springfield Ave # A2
1,150 ft²
$540K
768 Springfield Ave # B2
1,150 ft²
$545K
768 Springfield Ave # C2
1,150 ft²
$539K
768 Springfield Ave # D2
1,150 ft²
$540K
768 Springfield Ave # E2
1,150 ft²
$569K
768 Springfield Ave # A3
1,150 ft²
$544K
768 Springfield Ave # B3
1,150 ft²
$536K
768 Springfield Ave # C3
1,150 ft²
$544K
768 Springfield Ave # D3
1,150 ft²
$536K
768 Springfield Ave # E3
1,150 ft²
$546K
768 Springfield Ave # A4
1,150 ft²
$536K
768 Springfield Ave # B4
1,150 ft²
$547K
768 Springfield Ave # C4
1,150 ft²
$539K
768 Springfield Ave # D4
1,150 ft²
$530K
768 Springfield Ave # E4
1,150 ft²
$567K
768 Springfield Ave # A5
1,150 ft²
$541K
768 Springfield Ave # B5
1,150 ft²
$540K
768 Springfield Ave # C5
1,150 ft²
$545K
768 Springfield Ave # D5
1,150 ft²
$532K
768 Springfield Ave # E5
1,150 ft²
$559K
768 Springfield Ave # A6
1,150 ft²
$560K
768 Springfield Ave # B6
1,150 ft²
$550K
768 Springfield Ave # C6
1,150 ft²
$590K
768 Springfield Ave # D6
1,150 ft²
$532K
768 Springfield Ave # E6
1,150 ft²
$535K
768 Springfield Ave # A7
1,150 ft²
$536K
768 Springfield Ave # B7
1,150 ft²
$539K
768 Springfield Ave # C7
1,150 ft²
$544K
768 Springfield Ave # D7
1,150 ft²
$528K
768 Springfield Ave # E7
1,150 ft²
$537K
768 Springfield Ave # A8
1,150 ft²
$536K
768 Springfield Ave # B8
1,150 ft²
$595K
768 Springfield Ave # C8
1,150 ft²
$542K
768 Springfield Ave # D8
1,150 ft²
$533K
768 Springfield Ave # E8
1,150 ft²
$540K
768 Springfield Ave # A9
1,150 ft²
$540K
768 Springfield Ave # B9
1,150 ft²
$544K
768 Springfield Ave # C9
1,150 ft²
$540K
768 Springfield Ave # A10
1,150 ft²
$537K
768 Springfield Ave # C10
1,150 ft²
$542K

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

About 768 Springfield Ave

How many units are in 768 Springfield Ave, Summit, NJ?

768 Springfield Ave, Summit, NJ has 45 residential units across built in 1977, according to county assessor records.

What is a unit at 768 Springfield Ave, Summit, NJ worth?

The median TopHap Estimate across the 45 units at 768 Springfield Ave, Summit, NJ is $540,053. That works out to $470 per square foot. Units run from 1,150 to 1,150 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 768 Springfield Ave, Summit, NJ expensive for Summit?

Units at 768 Springfield Ave, Summit, NJ carry a median of $470 per square foot, 25% below the Summit median of $630 per square foot.

How often do units sell at 768 Springfield Ave, Summit, NJ?

0 units at 768 Springfield Ave, Summit, NJ sold in the last 12 months, out of 57 recorded arms-length sales all time. That is a turnover rate of 0.0% of the building per year.

Have units at 768 Springfield Ave, Summit, NJ appreciated?

Across 25 repeat sales of the same unit, 768 Springfield Ave, Summit, NJ returned a median 1.9% 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 6.7 years.

What floor plans does 768 Springfield Ave, Summit, NJ have?

The most common plan at 768 Springfield Ave, Summit, NJ is a 0-bedroom of 1,150 square feet, repeated 45 times, with a median estimate of $540,053. TopHap identifies 1 recurring plans in the building.

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