NOT LISTED FOR SALE

182 Summer Ave Newark, NJ 07104

Mount Pleasant Neighborhood

Estimated Value: $364,000 - $419,548

5 Beds
2.5 Baths
-- Sq Ft
2,500 Sq Ft Lot

Last Sold February 23, 2024

Last sale price $375,000

Est. 5% increase in value since last sale

Current estimated payment $2,596/month

71 Days on Market

About This Home

As of February 2024

Calling all cash investors and contractors this is the best priced property in the area, a rare oppertunity to get a great net cap rate once renovated! This 2-family home, strategically located at 182 Summer Ave, Newark, beckons those with a keen eye for investment opportunities. Comprising 3 bedrooms on the second floor and 2 on the first floor, alongside a generous yard, a full basement, and an attic, this property is ripe for transformation.It's important to note that the property is being sold strictly in "as-is" condition, Inspections are for information gathering only. Cash investors and contractors, this is your exclusive invitation to seize a promising venture and unlock its full earning potential. Th Seller/Broker have no prior history of the property. The only way to access the property is via the Supra eKey lockbox on the front fence near the gate. This lockbox contains the keys for both the gate and the front door. Please refrain from locking the doors within the e/a u

Last Agent to Sell the Property

Camilo Victoria

World Class Realty Group Listed on: 11/20/2023

Last Buyer's Agent

Lasanda Sheppy

Weichert Realtors, Montclair

Weichert Realtors, Montclair

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,785

Year Built

  • 1867

Lot Details

  • 2,500

Home Design

Bedrooms and Bathrooms

  • 5 Bedrooms

Additional Features

  • Laundry in Basement
  • 2,500 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00025 / 00529

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,785

Year Built

1867

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: (908) 364-4000
  • MLS Status: Sold - Sold
  • Directions: google maps
  • Architectural Style: 2 Family
  • Year Built Details: Pre 1900,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1867

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: Electricity Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 2500.0

Tax Info

  • Tax Annual Amount: 4785.0
  • Tax Block: 00529
  • Tax Lot: 00025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2023
Closed on
Jan 17, 2024
Sold by
Rodriguez Jose
Bought by
Guayan Carrillo Luis
Seller's Agent
Camilo Victoria
World Class Realty Group
Buyer's Agent
Lasanda Sheppy
Weichert Realtors, Montclair
List Price
$375,000
Sold Price
$375,000
Total Days on Market
71
Views
140
Current Estimated Value
$392,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,887
Avg. Annual Appreciation
3.65%

Purchase Details

Closed on
Apr 17, 1984
Bought by
Rodriguez Jose and Rodriguez Luciana
Source: Public Records

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Range of Values:

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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
Guayan Carrillo Luis $375,000 Foundation Title
Rodriguez Jose $20,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Sold $375,000 0.0% --
02/18/2024 02/18/24 Off Market $375,000 -- --
11/20/2023 11/20/23 For Sale $375,000 -- --
Source: New Jersey 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 $4,776 $128,100 $35,600 $92,500
2022 $4,786 $128,100 $35,600 $92,500
2021 $4,783 $128,100 $35,600 $92,500
2020 $4,868 $128,100 $35,600 $92,500
2019 $4,818 $128,100 $35,600 $92,500
2018 $4,731 $128,100 $35,600 $92,500
2017 $4,560 $128,100 $35,600 $92,500
2016 $4,407 $128,100 $35,600 $92,500
2015 $4,239 $128,100 $35,600 $92,500
2014 $3,972 $128,100 $35,600 $92,500
Source: Public Records

Agents Affiliated with this Home

  • Camilo Victoria

    Seller's Agent in 2024

    Camilo Victoria

    World Class Realty Group

    (973) 452-9686

    1 in this area

    21 Total Sales

    Camilo Victoria
    Section Image
  • Lasanda Sheppy

    Buyer's Agent in 2024

    Lasanda Sheppy

    Weichert Corporate

    (973) 746-1515

    3 in this area

    32 Total Sales

    Lasanda Sheppy
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Map

Source: New Jersey MLS

MLS Number: 23035565

New Jersey MLS

APN: 14-00529-0000-00025

New Jersey Essex County Newark 07104 Mount Pleasant

182 Summer Ave, Newark, NJ

This home is located at 182 Summer Ave, Newark, NJ 07104 since 20 November 2023 and is currently estimated at $392,887. This property was built in 1867. 182 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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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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