When was property at 129 Hobart Avenue built and last sold?

The property at 129 Hobart Avenue was built in 1868 and last sold on Apr 8, 2016 for $4,625,000.

How much is this home worth?

The estimated value of the home located at 129 Hobart Avenue is $5,555,000.

What are some comparable homes to 129 Hobart Avenue?

There are currently no comparable homes to 129 Hobart Avenue.

Summit

07901

129 Hobart Ave

Sold on Aug 20, 2026

Map

$5,500,000

● House - Off Market

129 Hobart Ave

Summit City, NJ 07901

7 Beds

5 Baths

$27,006

Est. Monthly

Unit Size

Days on Market

Land Size

0.53 acres

Price per sqft

Property Type

House

Property Taxes

HOA Dues

Year Built

1868

Payment Calculator

Cap Rate Calculator

Last updated: 2 months ago (GSMLS #4040539)

Price History

Date / Event	Date	Event
Aug 20, 2026	Sold	Premium
Sold
Jul 31, 2026	In contract	-
In contract

Property Highlights

Building Info

Overview

General

Year Built: 1868

Effective Year Built: 1868
Bedroom Count: 0
Building Condition: 0
Building Quality: 0
Construction Type: 6
Building Style: 4
Exterior Walls Type: 19
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Floor Count: 250
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 7
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 23,000

Lot Size Depth Feet: 2,300
Lot Size Frontage Feet: 1,000
Total Building Area: 5,218
Building Area: 5,218
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heated Square Feet: 5,218
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Land Acres: 0000000528
Standard Land Use Code: 1001
County Land Use Code: 2

Neighborhood

School District Name: Summit City School District

Census Tract: 037700

Zoning

Zoning: R43

Geography

Assessors Map Reference: TAX MAP 23

District: 18
Parcel: 18 02303-0000-00005
Block: 2303
Lot: 5
Municipality: SUMMIT CITY
Latitude: 40.7236
Longitude: -74.3511

Address

Full Address: 129 Hobart Ave

Address - House Number: 129
Address - Street Name: Hobart
Address - Suffix Type: Ave
State: NJ
City Name: Summit
Carrier Code: C004
4-Digit Zip Code: 2928
Zip Code: 07901

Valuation

Tax

Tax Year: 2023

Tax Amount: $6,975,124

Appraisal Valuation

Standard Deviation: 0.2092

Valuation Date: Apr 03, 2024
Confidence Score: 71
Final Value: 2,269,309
High Value: 2,744,114
Low Value: 1,794,504

Market Valuation

Market Total Value: $1,612,000

Market Land Value: $438,400
Market Improvement Value: $1,173,600

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $1,612,000
Assessed Land Value: $438,400
Assessed Improvements Value: $1,173,600

Sales

Current Sale Contract Date: Apr 08, 2016

Current Sale Recording Date: Apr 15, 2016
Current Sale Price:

Premium
Current Sale Document Type: 27
Previous Sale Recording Date: Aug 22, 2013
Previous Sale Contract Date: Aug 08, 2013
Previous Sale Amount: $1,413,950
Previous Sale Document Type: 12

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Summit

Stats & Trends

Median Asking:

$1,322,500

Sale Price/ft²

$525

Above Asking

0.00%

Average Days on Market

Average Home Size

1094 ft²

Average Home Age

81.5 years

Currently For Sale

42 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 353 Springfield Avenue, Summit, NJ, 07901

$2,750 /mo

2 Beds
1 Bath

353 Springfield Avenue, Summit, NJ, 07901 Listing by LORENZO D. VERDICCHIO

Rentals Near You

Click here to view more rentals in the neighborhood.

Last Updated: 2 months ago
Data Source: GSMLS, MLS#

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