NOT LISTED FOR SALE

116 Summer Ave Newark, NJ 07104

Seventh Avenue Neighborhood

Estimated Value: $599,688 - $763,000

-- Bed
-- Bath
-- Sq Ft
3,049 Sq Ft Lot

Last Sold April 07, 2021

Last sale price $420,000

Est. 55% increase in value since last sale

Current estimated payment $4,256/month

69 Days on Market

About This Home

As of April 2021

This home is located at 116 Summer Ave, Newark, NJ 07104 since 05 December 2020 and is currently estimated at $651,672. This property was built in 1905. 116 Summer Ave is a home located in Essex County with nearby schools including Franklin School, Rafael Hernandez School, and McKinley School.

Last Agent to Sell the Property

ZIAD AGEEB

KELLER WILLIAMS CITY LIFE REALTY Brokerage Phone: 201-659-8600 Listed on: 12/05/2020

Last Buyer's Agent

ZIAD AGEEB

KELLER WILLIAMS CITY LIFE REALTY Brokerage Phone: 201-659-8600 Listed on: 12/05/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,782

Year Built

  • Built in 1905

Lot Details

  • 3,049 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,782

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Year Built: 1905
  • County Name: Essex
  • Street Number Display: 116
  • I D: 5035715
  • Modified: 2022-04-08
  • Number Images: 0
  • Attribution Contact: 201-659-8600
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 30X97.4
  • Total Acres: 0.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2020
Closed on
Mar 22, 2021
Sold by
116 Summer Llc
Bought by
Rubio Daniel A and Rubio Martha
Seller's Agent
ZIAD AGEEB
KELLER WILLIAMS CITY LIFE REALTY
Buyer's Agent
ZIAD AGEEB
KELLER WILLIAMS CITY LIFE REALTY
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%
Current Estimated Value
$651,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,672
Avg. Annual Appreciation
10.33%
Original Mortgage
$315,000
Outstanding Balance
$284,635
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$367,037

Purchase Details

Listed on
Oct 2, 2019
Closed on
Nov 27, 2019
Sold by
Durante Angelo
Bought by
116 Summer Llc
Seller's Agent
Maureen Leong
KELLER WILLIAMS TEAM REALTY
Buyer's Agent
Janethe Cruz
NIGITO REAL ESTATE LLC
List Price
$295,000
Sold Price
$280,000
Premium/Discount to List
-$15,000
-5.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.73%

Purchase Details

Closed on
Apr 25, 2019
Sold by
Barbosa Maria R and Barbosa Antonio M
Bought by
Durante Angelo

Purchase Details

Closed on
Aug 18, 1981
Bought by
Barbosa Maria
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rubio Daniel A $420,000 Land Title
116 Summer Llc $280,000 First American Title
Durante Angelo $200,000 --
Barbosa Maria $9,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rubio Daniel A $315,000
Previous Owner Barbosa Antonio M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2021 04/07/21 Sold $420,000 -1.2% --
02/12/2021 02/12/21 Pending -- -- --
12/05/2020 12/05/20 For Sale $425,000 +51.8% --
11/26/2019 11/26/19 Sold $280,000 -5.1% --
10/16/2019 10/16/19 Pending -- -- --
10/02/2019 10/02/19 For Sale $295,000 -- --
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,782 $262,400 $21,400 $241,000
2024 $9,782 $262,400 $21,400 $241,000
2022 $9,803 $262,400 $21,400 $241,000
2021 $8,211 $219,900 $21,400 $198,500
2020 $5,765 $151,700 $21,400 $130,300
2019 $5,705 $151,700 $21,400 $130,300
2018 $5,602 $151,700 $21,400 $130,300
2017 $5,401 $151,700 $21,400 $130,300
2016 $5,218 $151,700 $21,400 $130,300
2015 $5,020 $151,700 $21,400 $130,300
2014 $4,704 $151,700 $21,400 $130,300
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2021

    ZIAD AGEEB

    KELLER WILLIAMS CITY LIFE REALTY

  • M

    Seller's Agent in 2019

    Maureen Leong

    KELLER WILLIAMS TEAM REALTY

    (973) 842-8326

    1 in this area

    55 Total Sales

    Maureen Leong
    Section Image

  • J

    Buyer's Agent in 2019

    Janethe Cruz

    NIGITO REAL ESTATE LLC

    (973) 902-2728

    3 in this area

    32 Total Sales

    Janethe Cruz
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3681877

Garden State MLS

APN: 14-00487-0000-00010

New Jersey Essex County Newark 07104 Seventh Avenue

116 Summer Ave, Newark, NJ

This home is located at 116 Summer Ave, Newark, NJ 07104 since 05 December 2020 and is currently estimated at $651,672. This property was built in 1905. 116 Summer Ave is a home located in Essex County with nearby schools including Franklin School, Rafael Hernandez School, and McKinley School.

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