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We know the Summit, NJ real estate market as only 3rd & 4th generations can. Call us: 908-376-2730 and get on board with the best!
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A family-friendly main street – 35 minutes from Manhattan
Click here for Summit Listings
The City of Summit’s name was inspired by its location at the peak of the Watchung Mountain Range, but its residents claim it comes from the high quality of life enjoyed here. A commuter’s haven, Summit enjoys unbeatable rail and bus connections to New York City and easy access to New Jersey’s leading corporate centers. The town is rich in recreational opportunities for all ages, as well as cultural and civic activities, while its public school system is among the best in the state. Its vibrant downtown area features unique shops, a multiplex movie theater and a selection of restaurants to please every taste and budget. Ranked #29 in NJ Monthly's - Top 100 Places to Live
Fast Facts:
Established: 1899
Population: 20,000
Size: 6.1 square miles
Housing: Historic Estates, Colonials, Tudors, Cape Cods
Attractions: Reeves-Reed Arboretum, NJ Center for the Visual Arts, Par 3 Municipal Golf Course  Commuter Information:
The Summit Train Station is located at 40 Union Place. This station is served by both the Morristown Line and the Gladstone Branch. It serves as a transfer station for those coming from Gladstone and want to go to New York, since most trains from Gladstone only go to Hoboken. It also serves as the originating point for numerous trains to both Hoboken and Penn Station in Midtown Manhattan. This means the first seat on the train for most Summit commuters. Service begins at 4:56 AM and ends at 2:29 AM. Holiday and weekend service runs from 5:27 AM to 2:27 AM. Due to the availability of trains and potential destinations, it draws commuters from not just Summit but many surrounding towns.
A municipal permit sticker is required for residents to park in the long term garages/parking lots. The cost is $10 or $5 for a senior 62 years of age or older. Permits may be obtained from either the City Clerk’s Office (908) 273-6400 or the Summit Permit Center (908) 522-0357. You can now also pay online at Summit's website. Residents must supply vehicle registration with a Summit address. If the car is leased, registration and insurance card are required. Summit residents are able to park in 4 long-term parking garages/lots:Broad Street Garage, Chestnut Lot, Elm Street Lot, and Sampson Lot. Resident commuters can also park in the Broad Street East Lot where there are reserved spaces. Look for green and white signs Residents with a permit can either park for $4.00 a day all day from 6:00 AM to 6:00 PM Monday thru Friday or purchase an annual pre-paid hangtag for $810. A resident must have a municipal permit sticker in order to purchase pre-paid parking from the Summit Permit Center. The hangtag must be displayed from the rearview mirror. Overnight parkers with valid permits can enter the garages/lots starting at 3:00 PM. If you need to leave the garage/lot, there is no need to pay again when reentering if you leave the day’s receipt on the car’s dash board. The Broad Street East Lot (adjacent to the Broad Street Parking Garage) is available to residents and non-residents for long-term parking. Non-residents must pay $9 a day to park. This lot does not require a permit. No overnight parking is permitted in this lot. For valet service and non-resident pre-paid hangtags for this lot contact Park Plus Valet (347) 273-1333.
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About Appraisals >Best Interests of the Buyer
Who represents the homebuyer in the transaction? The most common scenario is for homebuyers to purchase a home with the help of the seller's listing agent. In this case, known as "dual agent representation," the real estate agent assists both the sellers and the buyers. However, it is also possible for the buyers to ask another realtor to represent their interests exclusively, acting as the "buyer's agent," a service which is available at no additional cost to the homebuyer.
Any licensed real estate agent can act as your buyer's agent, helping you to locate and look at properties in your price range. However, if that real estate agent works for the same brokerage that is listing a particular property, dual agency or designated agent rules will then apply. The buyer's agent will advise the buyer if issues arise such as termite damage or significant material defects appearing on the home inspection report. If the home appraisal comes in at less than the asking price, the agent will represent the buyer's interest, working with the seller and the lender to negotiate a satisfactory resolution.
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| Q |
Where would you go if you wished to stay in the world's most expensive hotel room?
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| A |
The Imperial Suite at the President Wilson Hotel in Geneva, Switzerland, which can be reserved for $33,000 per night. |
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