54 Franklin Pl, Summit, NJ 07901
Property image
Property image
OFF MARKET

$1,298,400

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 2,908 sqft

54 Franklin Pl, Summit, NJ 07901

Est. Refi. Payment $9,197/mo*
Refinance Your Home
Currently Off Market - Sold Aug 12, 1999 for $350,000

Home Value

Trulia Estimate
$1.3M
Since last month
Increased$16K (+1.3%)
Since last year
Increased$61K (+4.9%)
Since last sale
Increased$951K (+271.7%)
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 +31% in the last 10 years
MonthEstimated value
2026
August 2026$1.3M
August 2026$1.3M
July 2026$1.28M
June 2026$1.35M
May 2026$1.37M
April 2026$1.33M
March 2026$1.3M
February 2026$1.29M
January 2026$1.32M
2025
2024
2023
2022
2020

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
23 William St, Summit, NJ
0.35
Multi-Family Home
$1,200,000
02/20/26
-
-
69 Ashwood Ave, Summit, NJ
0.61
Multi-Family Home
$990,000
01/30/26
-
-
25 Walnut St, Summit, NJ
0.14
Multi-Family Home
$620,000
10/16/25
-
-
71 Broad St, Summit, NJ
0.88
Multi-Family Home
$821,000
10/28/25
-
-
15 Trivett Ave S, Springfield, NJ
2.15
Multi-Family Home
$800,000
09/16/25
6
3
2,290
26 Orchard St, Summit, NJ
0.43
Multi-Family Home
$690,000
07/24/26
-
-
23 EUCLID AVENUE, Summit, NJ
0.36
Multi-Family Home
$1,615,000
08/07/26
-
-
475 Morris Ave, Summit, NJ
1.02
Multi-Family Home
$950,000
12/01/25
-
-
16 Russell Pl, Summit, NJ
0.50
Multi-Family Home
$1,315,000
08/03/26
-
-
30 Aubrey St, Summit, NJ
1.26
Multi-Family Home
$1,510,000
03/13/26
-
-

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
1 Irving Pl, Summit, NJ 07901
0.03
$1,025,000
4
3
-
Recently Sold
82 Franklin Place G #2, Summit, NJ 07901
0.04
$1,741,500
3
4
-
Off Market
82 Franklin Pl #9, Summit, NJ 07901
0.06
$1,068,500
2
3
-
Off Market
82 Franklin Pl #10, Summit, NJ 07901
0.06
$1,060,600
2
3
-
Off Market
21 Ruthven Pl, Summit, NJ 07901
0.10
$2,355,100
5
4
-
Off Market
19-21 WALNUT ST, Summit, NJ 07901
0.14
$960,700
Studio
-
-
Off Market
25 Walnut St, Summit, NJ 07901
0.14
$651,000
Studio
-
-
Off Market
31 Hobart Ave, Summit, NJ 07901
0.17
$2,111,100
4
3
-
Off Market
1 Waldron Ave, Summit, NJ 07901
0.16
$1,719,100
4
3
-
Off Market
20 Beauvoir Ave., Summit, NJ 07901
0.21
$948,000
3
2
-
Off Market
7 De Bary Pl, Summit, NJ 07901
0.21
$2,159,000
5
4
-
Off Market
10 Waldron Ave, Summit, NJ 07901
0.21
$1,926,000
4
4
-
Recently Sold

Local Information

  • Map ViewExplore the area around 54 Franklin Pl.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1907
2,908 sqft
$446/sqft

About this House

Situated On a Quiet, Tree Lined Street One Block from Summit's Vibrant Downtown This Beautiful 2-Bedroom 1 Bath Unit is in Town Living at its Best. High Ceilings and Oversized Windows, Sunny Eat In Kitchen, Living Room,Two Bedrooms and 1 Bath all Set Upon Warm Hardwood Floors. In Unit Washer and Dryer, 2 Parking Spots. Storage in Basement. Enjoy "In Town Living" with access To Mid-Town Direct Train, Restaurants, Shopping, Seasonal Farmers Market and Lincoln-Hubbard School. Tenant to pay the first 150.00 of all repairs. NO DOGS. Fireplace is decorative only.
54 Franklin Pl, Summit, NJ 07901 is a 2 bedroom, 1 bathroom, 2,908 sqft multi-family built in 1907. It last sold for $350,000 on Aug 12, 1999. More recently, it was listed as a rental in August 2022 with an asking price of $2,800 per month. That rental listing was removed on August 27, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,298,400, with a rent estimate of $2,749/month.

Home Details for 54 Franklin Pl

Interior Features

Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2.5Floors: Hardwood
Appliances & Utilities
DishwasherDryerMicrowaveWasher
Fireplace & Spa
Fireplace

Property Information

Year Built
Year Built: 1907
Property Type / Style
Property Type: Multi Family

Exterior Features

Exterior Home Features
Exterior: WoodPorch
Parking & Garage
Parking Spaces: 2Parking: None

Community

Units in Building: 3

Lot Information

Lot Area: 9077 sqft

Price and Tax history

DateEventPrice
Aug 27, 2022
Source: Local MLS
ListingRemoved
Aug 26, 2022
Source: Local MLS #3804177
Listed For Rent
$2,800
May 13, 2017
Source: Agent Provided
ListingRemoved
$1,895
May 6, 2017
Source: Agent Provided
Listed For Rent
$1,895
Aug 12, 1999
Source: N/A
Sold
$350,000

Market trends in Summit

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.49M
Sale-to-List Price
—
Price per sq ft
$719
Available listings
27
6MoM

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

Frequently asked questions about 54 Franklin Pl

  • What is 54 Franklin Pl estimated to be worth?
    Trulia's estimated value for 54 Franklin Pl in Summit, NJ is $1,298,400.
  • What is the price history for 54 Franklin Pl?
    54 Franklin Pl in Summit, NJ last sold for $350,000 in August 1999.
  • 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.
  • Does 54 Franklin Pl have air conditioning?
    Yes, 54 Franklin Pl in Summit, NJ has air conditioning.
  • Does 54 Franklin Pl have laundry facilities?
    Yes, 54 Franklin Pl in Summit, NJ has in-unit laundry.

Explore by feature - Pet Friendly

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