NOT LISTED FOR SALE

118 Summer Ave Newark, NJ 07104

Seventh Avenue Neighborhood

Estimated Value: $594,000 - $698,000

Studio
-- Bath
2,052 Sq Ft
$320/Sq Ft Est. Value

About This Home

This home is located at 118 Summer Ave, Newark, NJ 07104 and is currently estimated at $656,566, approximately $319 per square foot. 118 Summer Ave is a home located in Essex County with nearby schools including Franklin School, Rafael Hernandez School, and McKinley School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2024
Sold by
Miller Joel
Bought by
Karka Summer Llc
Current Estimated Value
$635,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,400
Outstanding Balance
$581,578
Interest Rate
6.88%
Mortgage Type
Construction
Estimated Equity
$74,988

Purchase Details

Closed on
Oct 19, 2021
Sold by
Nj 400 Llc
Bought by
Miller Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,500
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2021
Sold by
Network Rentals Llc
Bought by
Nj 400 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
2.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 29, 2020
Sold by
Bettencourth Louie F
Bought by
Network Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.1%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 14, 2005
Sold by
Freire Pablo
Bought by
Bettencourth Louie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
5.72%

Purchase Details

Closed on
Aug 7, 2002
Sold by
Monteiro Josue
Bought by
Freire Pablo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,950
Interest Rate
6.58%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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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
Karka Summer Llc $615,000 None Listed On Document
Miller Joel -- Dekel Abstract Llc
Nj 400 Llc $320,000 Dekel Abstract Llc
Network Rentals Llc $184,000 None Available
Bettencourth Louie $328,000 --
Freire Pablo $112,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karka Summer Llc $590,400
Previous Owner Miller Joel $318,500
Previous Owner Nj 400 Llc $266,000
Previous Owner Network Rentals Llc $200,000
Previous Owner Bettencourth Louie $295,200
Previous Owner Freire Pablo $107,950
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 $8,850 $237,400 $20,400 $217,000
2024 $8,850 $237,400 $20,400 $217,000
2022 $8,869 $237,400 $20,400 $217,000
2021 $5,037 $134,900 $20,400 $114,500
2020 $5,126 $134,900 $20,400 $114,500
2019 $5,074 $134,900 $20,400 $114,500
2018 $4,982 $134,900 $20,400 $114,500
2017 $4,802 $134,900 $20,400 $114,500
2016 $4,641 $134,900 $20,400 $114,500
2015 $4,464 $134,900 $20,400 $114,500
2014 $4,183 $134,900 $20,400 $114,500
Source: Public Records

Map

New Jersey Essex County Newark 07104 Seventh Avenue

118 Summer Ave, Newark, NJ

Not Listed for Sale

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