316 Summit Ave, Summit, NJ 07901
OFF MARKET

316 Summit Ave
Summit, NJ 07901

  • Studio
  • 5,304 sqft (on 1.56 acres)

$3,568,600

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $24,291/mo*
Refinance Your Home

$3,568,600

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $24,291/mo*
Refinance Your Home
Studio
5,304 sqft
(on 1.56 acres)

Home Value

Trulia Estimate
$3.57M
Since last month
Decreased$239K (-6.3%)
Since last year
Increased$17K (+0.5%)
Since last sale
Increased$2M (+128.9%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +87% in the last 10 years
MonthEstimated value
2026
August 2026$3.54M
July 2026$3.45M
June 2026$3.78M
May 2026$3.89M
April 2026$3.66M
March 2026$3.49M
February 2026$3.41M
January 2026$3.18M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
15 Crest Acre Ct, Summit, NJ
0.38
Single-Family Home
$1,499,000
04/17/26
-
2,567
6 Kenneth Ct, Summit, NJ
0.48
Single-Family Home
$2,350,000
09/19/25
4
3
3,353
8 ROLAND DRIVE, Short Hills, NJ
0.21
Single-Family Home
$3,500,000
06/26/26
5
5
-
176 Woodland Ave, Summit, NJ
0.56
Single-Family Home
$1,400,000
04/07/26
-
1,980
125 Hillcrest Ave, Summit, NJ
0.21
Single-Family Home
$3,325,000
10/27/25
5
5
-
149 Hillcrest Ave, Summit, NJ
0.22
Single-Family Home
$4,200,000
06/23/26
7
8
-
74 Whittredge Rd, Summit, NJ
0.82
Single-Family Home
$4,000,000
09/04/25
6
4.5
5,461
30 Wildwood Ln, Summit, NJ
0.31
Single-Family Home
$3,250,000
01/15/26
6
7
-
91 Canoe Brook Pkwy, Summit, NJ
0.71
Single-Family Home
$1,275,000
05/04/26
4
2
2,210
10 Fielding Rd, Short Hills, NJ
0.73
Single-Family Home
$1,800,000
04/13/26
-
2,032

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
157 Bellevue Ave, Summit, NJ 07901
0.10
$3,883,400
6
7
-
Off Market
8 ROLAND DRIVE, Short Hills, NJ 07078
0.21
$3,500,000
5
5
-
Recently Sold
45 Woodmere Dr, Summit, NJ 07901
0.17
$3,769,900
5
9
-
Off Market
12 ROLAND DRIVE, Short Hills, NJ 07078
0.22
$1,775,000
Studio
-
-
Recently Sold
132 Hillcrest Ave, Summit, NJ 07901
0.19
$5,654,000
6
8
-
Off Market
125 Hillcrest Ave, Summit, NJ 07901
0.21
$3,325,000
5
5
-
Recently Sold
149 Hillcrest Ave, Summit, NJ 07901
0.22
$4,200,000
7
8
-
Recently Sold
68 Tennyson Dr, Short Hills, NJ 07078
0.26
$2,810,500
4
4
-
Off Market
12 Audubon Ct, Short Hills, NJ 07078
0.28
$2,608,000
5
5
-
Off Market
21 Audubon Ct, Short Hills, NJ 07078
0.29
$3,021,600
4
5
-
Off Market
99 Fernwood Rd, Summit, NJ 07901
0.29
$3,153,400
6
7
-
Off Market
23 Audubon Ct, Short Hills, NJ 07078
0.31
$2,199,200
6
5
-
Off Market

Local Information

  • Map ViewExplore the area around 316 Summit Ave.
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1903
Lot Size
1.56 acres
Living Area
5,304 sqft
Price/Sqft
$673
Parking
Garage

About this House

This single-family home is located at 316 Summit Ave, Summit, NJ. 316 Summit Ave is in Summit, NJ and in ZIP code 07901. This property has approximately 5,304 sqft of floor space. This property has a lot size of 1.56 acres and was built in 1903.
316 Summit Ave, Summit, NJ 07901 is a studio, 5,304 sqft single-family home built in 1903. It last sold for $1,546,000 on May 16, 2001. It is currently off market. The Trulia Estimate is $3,568,600, with a rent estimate of $6,307/month.

Home Details for 316 Summit Ave

Interior Features

Levels, Entrance, & Accessibility
Stories: 2.5

Property Information

Year Built
Year Built: 1903
Property Type / Style
Property Type: Single Family Home

Exterior Features

Exterior Home Features
Exterior: Brick
Parking & Garage
GarageParking: Garage Attached

Community

Units in Building: 1

Lot Information

Lot Area: 1.56 acres

Price and Tax history

DateEventPrice
May 16, 2001
Source: N/A
Sold
$1,546,000
Mar 14, 1996
Source: N/A
Sold
$724,000

Market trends in Summit

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.49M
$193KMoM
Sale-to-List Price
—
Price per sq ft
$719
Available listings
33
5MoM
Skip to last item
  • Results are loading
Skip to first item

Around this home

What Locals Say about Summit

At least 243 Trulia users voted on each feature.

  • 91 % Say it's dog friendly

  • 82 % Say people would walk alone at night

  • 82 % Say there's holiday spirit

  • 79 % Say car is needed

  • 76 % Say it's walkable to restaurants

  • 75 % Say kids play outside

  • 74 % Say yards are well-kept

  • 73 % Say parking is easy

  • 71 % Say it's quiet

  • 70 % Say there are sidewalks

  • 66 % Say they plan to stay for at least 5 years

  • 62 % Say streets are well-lit

  • 61 % Say there's wildlife

  • 61 % Say there are community events

  • 58 % Say neighbors are friendly

  • 42 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Sfeoli34
    "There are alot of couples with young children so its nice if you have a family or starting one. Its a dog friendly neighborhood and we do block parties etc.. Yet its pretty quiet. Park near bye. "
    1
    Flag
  • Elliotwilbur
    "Great place to raise a family. Public school system is excellent. Numerous commuting options to Manhattan. "
    1
    Flag
  • maria08827
    "It’s very nice, clean and safe . Everyone is nice and friendly! It has a beautiful safe park across the street which is very clean and active. Also close to everything!"
    1
    Flag
  • Anita
    "Summit is a charming town where practical meets comfort. The community is friendly and diverse. Lots of families, singles and dogs. "
    8
    Flag
  • Davidthompsonjr
    "Easy ride to train station and best commuter line in nj. Penn station is crappy but if you can do ferry from hoboken it’s nice."
    2
    Flag
  • Pololas2019
    "the people walk the dogs and is a really nice neighborhood to live i recommended to buy a house in this area "
    1
    Flag
  • Unspecified
    "People take pride in their homes. Family friendly. Very safe. Lived here for 2 years, so happy with the community. "
    1
    Flag
  • Davidthompsonjr
    "Nice town, ppl, and amenities. Great schools and good place to raise your kids. Express trains to the city, makes a difference relative to other areas in nj. "
    0
    Flag
  • Davidthompsonjr
    "Great town to raise a family. Close to best nj commute. Good restaurants in town. Good access to highways. "
    2
    Flag
  • Marcelo N.
    "I love summit best city to live in, respectful people, clean , no crime , no racism or classism . Just a wonderful city"
    0
    Flag
  • Mary T. Z.
    "Street Fairs are very nice in this town. The farmers market is great too! Events at the playhouse are wonderful."
    3
    Flag
  • Randall.lauren
    "This is a very family friendly neighborhood. The restaurants, coffee shops, parks and other amenities are all well suited to families. "
    3
    Flag
  • Samantha Q.
    "We have festivals, block parties, concerts and movie nights in the park. Our neighbors are always outside going for walks, our kids always find other kids to play with!"
    2
    Flag
  • Slong0717
    "Bike parades, kids events. Amazing downtown area. Lots of activities for kids. Easy to commute to NYC. "
    2
    Flag
  • Scott H.
    "There are a lot of dogs around and most are friendly. I wish there was a space for them to run off lead. "
    2
    Flag
  • Rehav
    "less than 10 mins walk to train that goes right to nyc. 3 min drive to get onto Routes 24 and 78. Cant be beat!!"
    2
    Flag
  • EF
    "Lots of friendly dogs and owners to walk with. Park nearby. Quiet streets. Fun dog store in downtown summit. "
    0
    Flag
  • Melissa C.
    "what dog owners like about his neighborhood would be that the doggies would meet other doggies and get along quite nicely and the backyards very spacious "
    0
    Flag
  • Thayesmail
    "Great family neighborhood. Great schools. Great recreation program. Convenient commute to NYC & Airport. "
    0
    Flag
  • layton m.
    "Great, direct line into New York City makes it a quick, convenient and easy commute. I think it’s the best commute into nyc in New Jersey"
    4
    Flag
  • Jhuneke
    "We are in a surprisingly quiet block, despite being on a major thoroughfare, and close to downtown, train station. "
    1
    Flag
  • Laura
    "It’s safe, clean and easy commute to the city, mountains or beach. Very centrally locates. Love it here. Just wish it wasn’t so expensive in this area!!"
    2
    Flag
  • Samantha H.
    "Kind people who are always willing to help each other. Access to fields, train, and walking to downtown. Kids all walk to school. "
    0
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

Skip to last item
Skip to first item

Explore by feature - Pet Friendly

12 pet-friendly rentals in Summit, NJ

Explore by feature - Garage

19 rentals with a garage in Summit, NJ

Explore by feature - Air Conditioning

33 rentals with air conditioning in Summit, NJ

Explore by feature - Washer/dryer

29 rentals with a washer/dryer in Summit, NJ

Homes for sale near 316 Summit Ave

Skip to last item
Skip to first item

Off Market Homes Near 316 Summit Ave

Skip to last item
Skip to first item

Frequently asked questions about 316 Summit Ave

  • What is 316 Summit Ave estimated to be worth?
    Trulia's estimated value for 316 Summit Ave is $3,568,600.
  • What is the price history for 316 Summit Ave?
    316 Summit Ave last sold for $1,546,000 in May 2001.
  • Is Summit a buyer's or seller's market?
    Summit is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Summit?
    The median sale price in Summit is $1.49M. That is up $193K from the prior month.
  • How big is the lot at 316 Summit Ave?
    The lot at 316 Summit Ave is about 1.6 acres.
  • Does 316 Summit Ave have a garage?
    Yes, 316 Summit Ave has a garage.