NOT LISTED FOR SALE

171 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $410,000 - $602,000

2 Beds
3 Baths
-- Sq Ft
1,742 Sq Ft Lot

Last Sold August 10, 2022

Last sale price $239,430

Est. 110% increase in value since last sale

Current estimated payment $3,107/month

86 Days on Market

Highlights

  • Eat-In Kitchen
  • Electric Baseboard Heater
  • 3-minute walk to Military Park

About This Home

As of August 2022

Great property. House in a desirable location. Conveniently located close to transportation, park, school, shopping and much much more. On street parking. No driveway. SHORT SALE. Third party approval needed. Property is strictly being sold 'as is' Buyer is responsible for all city inspections and certificates needed. Property wont last!

Last Agent to Sell the Property

Iris Alfaro

REALTY ONE GROUP SUNRISE Listed on: 05/11/2022

REALTY ONE GROUP SUNRISE

Last Buyer's Agent

Iris Alfaro

REALTY ONE GROUP SUNRISE Listed on: 05/11/2022

REALTY ONE GROUP SUNRISE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,301

Year Built

  • Built in 1887

Lot Details

  • 1,742

Parking

  • On-Street Parking

Home Design

  • Fixer Upper
  • Vinyl Siding

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater

Additional Features

  • Eat-In Kitchen
  • 1,742 Sq Ft Lot
  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 1614-00516-0000-00017-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,301

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Style: Fixer Upper
  • Primary Style: Fixer Upper
  • Subproperty Type: Single Family
  • Year Built: 1887
  • Year Built Description: Approximate
  • County Name: Essex
  • Street Number Display: 171
  • Directions: Between Bloomfield Ave and Fourth Ave
  • I D: 5150121
  • Modified: 2023-08-11
  • Number Images: 1
  • First Name: IRIS
  • First Name3: IRIS
  • Last Name: ALFARO
  • Last Name3: ALFARO
  • Office Phone: 862-371-7896
  • Office Phone3: 862-371-7896
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number Rooms: 2
  • Bedrooms: 2
  • Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Unfinished
  • Kitchen Area: Eat-In Kitchen
  • Phone: 201-265-7000

Exterior Features

  • Exterior Description: Vinyl Siding
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Parking Driveway Description: On-Street Parking

Utilities

  • Cooling: Wall A/C Unit(s)
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Electric
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 27X68.8
  • Assessed Improvement Value: 109500
  • Assessed Land Value: 30000
  • Assessment: 139500
  • Easement: Unknown
  • Lot Identifier: 17
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.04

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5301
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-00516-0000-00017-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 3.734
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2024
Sold by
171 Summer Ave North Newark Llc
Bought by
171 Summer 4118 Llc
Current Estimated Value
$501,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$592,888
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
-$91,064

Purchase Details

Listed on
May 11, 2022
Closed on
Aug 5, 2022
Sold by
Abreu Jose F
Bought by
171 Summer Ave North Newark Llc
Seller's Agent
Iris Alfaro
REALTY ONE GROUP SUNRISE
Buyer's Agent
Iris Alfaro
REALTY ONE GROUP SUNRISE
List Price
$150,000
Sold Price
$239,430
Premium/Discount to List
$89,430
59.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.96%

Purchase Details

Closed on
Apr 28, 2006
Sold by
Silva Glaucio
Bought by
Abreu Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,405
Interest Rate
6.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2004
Sold by
Abreu Magda
Bought by
Silva Glancio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.99%

Purchase Details

Closed on
Jul 26, 2000
Sold by
Cruz Ricardo S
Bought by
Abreu Magda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,939
Interest Rate
8.13%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
171 Summer 4118 Llc -- None Listed On Document
171 Summer Ave North Newark Llc $239,430 New Title Company Name
Abreu Jose $349,900 --
Silva Glancio $180,000 --
Abreu Magda $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 171 Summer 4118 Llc $600,000
Previous Owner 171 Summer Ave North Newark Ll $95,000
Previous Owner 171 Summer Ave North Newark Ll $450,000
Previous Owner Abreu Jose $332,405
Previous Owner Silva Glaucio M $242,000
Previous Owner Silva Glancio $144,000
Previous Owner Abreu Magda $119,939
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2022 08/10/22 Sold $239,430 +59.6% --
08/05/2022 08/05/22 Pending -- -- --
05/11/2022 05/11/22 For Sale $150,000 -- --
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 $5,201 $139,500 $30,000 $109,500
2024 $5,201 $139,500 $30,000 $109,500
2023 $5,212 $139,500 $30,000 $109,500
2022 $5,212 $139,500 $30,000 $109,500
2021 $5,209 $139,500 $30,000 $109,500
2020 $5,301 $139,500 $30,000 $109,500
2019 $5,247 $139,500 $30,000 $109,500
2018 $5,152 $139,500 $30,000 $109,500
2017 $4,966 $139,500 $30,000 $109,500
2016 $4,799 $139,500 $30,000 $109,500
2015 $4,616 $139,500 $30,000 $109,500
2014 $4,326 $139,500 $30,000 $109,500
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2022

    Iris Alfaro

    REALTY ONE GROUP SUNRISE

    (862) 371-7896

    4 in this area

    21 Total Sales

    Iris Alfaro
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3781531

Garden State MLS

APN: 14-00516-0000-00017

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

171 Summer Ave, Newark, NJ

This home is located at 171 Summer Ave, Newark, NJ 07104 since 11 May 2022 and is currently estimated at $501,824. This property was built in 1887. 171 Summer Ave is a home located in Essex County with nearby schools including Franklin School, Rafael Hernandez School, and First Avenue Elementary School.

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