NOT LISTED FOR SALE

117 Summer Ave Newark, NJ 07104

Seventh Avenue Neighborhood

Estimated Value: $570,253 - $678,000

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

Last Sold May 23, 2019

Last sale price $325,000

Est. 91% increase in value since last sale

Current estimated payment $3,958/month

73 Days on Market

About This Home

As of May 2019

This home is located at 117 Summer Ave, Newark, NJ 07104 since 21 July 2018 and is currently estimated at $621,563. This property was built in 1902. 117 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

GREGORIO E. RACELIS JR.

RACELIS REALTY, INC Brokerage Phone: 201-433-2654 Listed on: 07/21/2018

Last Buyer's Agent

Marlin Ortez

CENTURY 21 REALTY GROUP

CENTURY 21 REALTY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,737

Year Built

  • Built in 1902

Lot Details

  • 3,049 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,737

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Year Built: 1902
  • County Name: Essex
  • Street Number Display: 117
  • I D: 4823758
  • Modified: 2021-09-23
  • Number Images: 0
  • Attribution Contact: 201-433-2654
  • 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
Jul 21, 2018
Closed on
May 23, 2019
Sold by
Capital Stack Fund 2 Llc
Bought by
Rubina-Rodriguez James J
Seller's Agent
GREGORIO E. RACELIS JR.
RACELIS REALTY, INC
Buyer's Agent
Marlin Ortez
CENTURY 21 REALTY GROUP
List Price
$344,999
Sold Price
$325,000
Premium/Discount to List
-$19,999
-5.8%
Total Days on Market
73
Current Estimated Value
$621,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,563
Avg. Annual Appreciation
10.86%

Purchase Details

Closed on
Feb 15, 2018
Sold by
Wells Fargo Bank Na Tr
Bought by
Capital Stack Fund 2 Llc

Purchase Details

Closed on
Mar 1, 2007
Sold by
Abreu Alcides
Bought by
Young Lourdes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,880
Interest Rate
6.33%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 28, 2000
Sold by
Acosta Rafael
Bought by
Abreu Alcides

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
7.76%

Purchase Details

Closed on
Aug 5, 1997
Sold by
Abreu Maria
Bought by
Acotsa Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
7.5%

Purchase Details

Closed on
Jun 13, 1994
Sold by
Woodland Const
Bought by
Abreu Alcides

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
8.5%

Purchase Details

Closed on
May 17, 1994
Sold by
Citicorp
Bought by
Woodland Const

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
8.5%

Purchase Details

Closed on
Jan 5, 1992
Sold by
Fontoura Armando B
Bought by
Citicorp Mortgage Inc

Purchase Details

Closed on
May 18, 1989
Sold by
Cilona Jo Ann and Cilona Carolla,M
Bought by
Carvalheiro Mario M
Source: Public Records

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Range of Values:

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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
Rubina-Rodriguez James J $325,000 American Land Title Affiliat
Capital Stack Fund 2 Llc $213,000 --
Young Lourdes $324,400 --
Abreu Alcides $136,000 --
Acotsa Rafael $120,000 --
Abreu Alcides $38,500 --
Woodland Const $37,000 --
Citicorp Mortgage Inc $100 --
Carvalheiro Mario M $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez James J Rubina $321,518
Previous Owner Young Lourdes $64,880
Previous Owner Young Lourdes $259,520
Previous Owner Abreu Alcides $227,500
Previous Owner Abreu Alcides $122,400
Previous Owner Acotsa Rafael $114,000
Previous Owner Abreu Alcides $39,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2019 05/23/19 Sold $325,000 -5.8% --
10/02/2018 10/02/18 Pending -- -- --
07/21/2018 07/21/18 For Sale $344,999 -- --
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
2024 $5,737 $153,900 $21,400 $132,500
2022 $5,750 $153,900 $21,400 $132,500
2021 $5,747 $153,900 $21,400 $132,500
2020 $5,848 $153,900 $21,400 $132,500
2019 $5,788 $153,900 $21,400 $132,500
2018 $5,684 $153,900 $21,400 $132,500
2017 $5,479 $153,900 $21,400 $132,500
2016 $5,294 $153,900 $21,400 $132,500
2015 $5,093 $153,900 $21,400 $132,500
2014 $4,772 $153,900 $21,400 $132,500
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2019

    GREGORIO E. RACELIS JR.

    RACELIS REALTY, INC

  • Marlin Ortez

    Buyer's Agent in 2019

    Marlin Ortez

    CENTURY 21 REALTY GROUP

    (201) 993-6377

    92 Total Sales

    Marlin Ortez
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Map

Source: Garden State MLS

MLS Number: 3489015

Garden State MLS

APN: 14-00486-0000-00021

New Jersey Essex County Newark 07104 Seventh Avenue

117 Summer Ave, Newark, NJ

This home is located at 117 Summer Ave, Newark, NJ 07104 since 21 July 2018 and is currently estimated at $621,563. This property was built in 1902. 117 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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