OFF MARKET
Google street view image for 53 Wallace Rd, Summit, NJ 07901
Off Market Sep 2004 for $650K
$1,127,095
Est. refi paymentEst. refi $2,886/mo
4
bd
•
3 ba
•
2,134
sq ft

53 Wallace Rd, Summit, NJ 07901

map-entry

About this home

53 Wallace Rd is a 2,134 square foot house on a 0.34 acre lot with 4 bedrooms and 3 bathrooms. - it last sold on September 16, 2004 for $650,000. Based on Redfin's Summit data, we estimate the home's value is $1,127,095.
Single-familyProperty Type
1960Year Built
0.34 acresLot Size
$528Est. Price/Sq.Ft.
Source:Public Records

Redfin Estimate

$1,127,095
$477K since sold in September 2004$87K since August

This home's estimate is 27.6% lower than the average sale price ($1.56M) of 6 comparable homes.

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Earn from this home

Sell
$857,315
Est. take-home

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Refinance
$0
Est. cash available

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Rent
$3,293/mo
Redfin rental estimate

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Market trends in 07901, NJ

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price
111.6%

0.5% MoM

Median sale price
$1.7M

$6K MoM

Avg. days on market
13d

0 days MoM

Recently sold homes
75

1 MoM

New listings for sale

Provided by Redfin

Sale history for 53 Wallace Rd

Tax history for 53 Wallace Rd

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

R-10

Single-Family Residential Zone

The purpose of the R-10 Residential Zones is to preserve the integrity of existing single-family residential areas by preventing the intrusion of nonresidential uses into residential neighborhoods and by maintaining existing development intensity and population density consistent with single-family residential neighborhood patterns. A compatible relationship between new or expanded houses and traditional neighborhood houses that reflect the best of the neighborhood character, particularly in terms of scale, siting, design features and orientation on the site is encouraged.
Permitted uses

Include but are not limited to:

  • Housing-Single unit
  • Park & open space

Property details

Around this home

Schools

Washington Elementary School

Public 1-5 • Assigned • 0.5mi

8/10
L C Johnson Summit Middle School

Public 6-8 • Assigned • 1.5mi

8/10
Summit Senior High School

Public 9-12 • Assigned • 0.9mi

9/10
Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 101° expected this year, 15 days in 30 years

6/10 Wind Factor

27% chance of strong winds in next 30 years

4/10 Air Factor

3 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Summit, NJ • 07901
Average low and high temperatures (°F)
34
21
38
24
56
35
64
44
71
53
81
63
86
68
81
60
76
58
66
46
54
38
39
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

Sun exposure

In this area, properties receive around 8.6 hours in June and 4.2 hours in December, placing it below the U.S. average for solar exposure.

8.6 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.11M – $1.35M

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Home values near 53 Wallace Rd

Data from public records.
This data may not show owner updates. Learn more.

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