NOT LISTED FOR SALE

188 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $443,000 - $498,000

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

Last Sold October 18, 2023

Last sale price $400,000

Est. 17% increase in value since last sale

Current estimated payment $2,944/month

124 Days on Market

About This Home

As of October 2023

This home is located at 188 Summer Ave, Newark, NJ 07104 since 05 April 2023 and is currently estimated at $469,754. This property was built in 1877. 188 Summer Ave is a home located in Essex County with nearby schools including Rafael Hernandez School, Franklin School, and First Avenue Elementary School.

Last Agent to Sell the Property

Michael Rosa

ROSA AGENCY Brokerage Phone: 973-589-7550 Listed on: 04/05/2023

Last Buyer's Agent

Lida Guerra

NEW DIRECTION REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1877

Lot Details

  • 1,742 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1877

Lot Details

0

Listing Details

  • Year Built: 1877
  • County Name: Essex
  • I D: 5212734
  • Attribution Contact: 973-589-7550
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 16.9X100
  • Total Acres: 0.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2024
Sold by
Tamaquiza Cesar and Toapanta Mirian A
Bought by
Tamaq Chuncha Cesar Anibal and To Sillagana Mirian
Current Estimated Value
$469,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Outstanding Balance
$293,668
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$176,086

Purchase Details

Listed on
Apr 5, 2023
Closed on
Oct 17, 2023
Sold by
Dillard Aiden
Bought by
Tamaquiza Cesar A and Toapanta Mirian A
Seller's Agent
Michael Rosa
ROSA AGENCY
Buyer's Agent
Lida Guerra
NEW DIRECTION REALTY
List Price
$389,000
Sold Price
$400,000
Premium/Discount to List
$11,000
2.83%
Views
312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.51%
Original Mortgage
$280,000
Interest Rate
7.31%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 2, 2020
Closed on
Jan 22, 2021
Sold by
Dibartolo Maria
Bought by
Dillard Aiden
Seller's Agent
RASHIDAH JENIOUS
SAMSEL & ASSOCIATES
Buyer's Agent
RASHIDAH JENIOUS
SAMSEL & ASSOCIATES
List Price
$215,000
Sold Price
$215,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.64%
Original Mortgage
$161,250
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 10, 2016
Closed on
Jun 15, 2017
Sold by
Zahner John A
Bought by
Dibartolo Maria
Seller's Agent
Ivan Gutierrez
BORAIE REALTY LLC
Buyer's Agent
Ivan Gutierrez
BORAIE REALTY LLC
List Price
$147,000
Sold Price
$124,000
Premium/Discount to List
-$23,000
-15.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.47%
Original Mortgage
$93,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2000
Source: Public Records

Range of Values:

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

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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
Tamaq Chuncha Cesar Anibal -- Hometown Title
Tamaq Chuncha Cesar Anibal -- Hometown Title
Tamaquiza Cesar A $400,000 Carnegie Title
Dillard Aiden $215,000 Acres Land Title Agency Inc
Dibartolo Maria $124,000 None Available
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tamaq Chuncha Cesar Anibal $296,000
Closed Tamaq Chuncha Cesar Anibal $296,000
Previous Owner Tamaquiza Cesar A $280,000
Previous Owner Dillard Aiden $161,250
Previous Owner Dibartolo Maria $93,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2023 10/18/23 Sold $400,000 +2.8% --
08/07/2023 08/07/23 Pending -- -- --
04/05/2023 04/05/23 For Sale $389,000 +80.9% --
01/28/2021 01/28/21 Sold $215,000 0.0% -- View Prior Sale
11/23/2020 11/23/20 Pending -- -- --
11/14/2020 11/14/20 Price Changed $215,000 0.0% --
11/14/2020 11/14/20 For Sale $215,000 -2.3% --
10/08/2020 10/08/20 Pending -- -- --
09/15/2020 09/15/20 Price Changed $220,000 -8.3% --
08/02/2020 08/02/20 For Sale $240,000 +93.5% --
06/19/2017 06/19/17 Sold $124,000 -15.6% -- View Prior Sale
03/28/2017 03/28/17 Pending -- -- --
08/10/2016 08/10/16 For Sale $147,000 -- --
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 $5,853 $157,000 $31,800 $125,200
2024 $5,853 $157,000 $31,800 $125,200
Source: Public Records

Agents Affiliated with this Home

  • Michael Rosa

    Seller's Agent in 2023

    Michael Rosa

    ROSA AGENCY

    (908) 289-5200

    2 in this area

    131 Total Sales

    Michael Rosa
    Section Image

  • L

    Buyer's Agent in 2023

    Lida Guerra

    NEW DIRECTION REALTY

    (833) 984-4663

    1 in this area

    18 Total Sales

    Lida Guerra
    Section Image

  • R

    Seller's Agent in 2021

    RASHIDAH JENIOUS

    SAMSEL & ASSOCIATES

  • Ivan Gutierrez

    Seller's Agent in 2017

    Ivan Gutierrez

    BORAIE REALTY LLC

    (732) 310-3642

    78 Total Sales

    Ivan Gutierrez
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3836749

Garden State MLS

APN: 14-00529-0000-00022

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

188 Summer Ave, Newark, NJ

Not Listed for Sale

MultiFamily

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