NOT LISTED FOR SALE

216 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $585,000 - $776,000

-- Bed
-- Bath
3,108 Sq Ft
$223/Sq Ft Est. Value

Last Sold May 07, 2020

Last sale price $350,000 $113 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $4,655/month

57 Days on Market

About This Home

As of May 2020

This home is located at 216 Summer Ave, Newark, NJ 07104 since 13 January 2020 and is currently estimated at $692,671, approximately $222 per square foot. This property was built in 1877. 216 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

Alfredo Silva

KELLER WILLIAMS PARK VIEWS Brokerage Phone: 973-268-4000 Listed on: 01/13/2020

KELLER WILLIAMS PARK VIEWS

Last Buyer's Agent

NOAH GOLDBERG

REDFIN CORPORATION

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,573

Year Built

  • Built in 1877

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,573

Year Built

Built in 1877

Lot Details

0

Listing Details

  • Year Built: 1877
  • County Name: Essex
  • Street Number Display: 216
  • I D: 4954833
  • Modified: 2021-09-23
  • Number Images: 0
  • Attribution Contact: 973-268-4000
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2020
Closed on
Apr 29, 2020
Sold by
Martinez Jose M and Nolasco Aracelis
Bought by
Guaman Tania
Seller's Agent
Alfredo Silva
KELLER WILLIAMS PARK VIEWS
Buyer's Agent
NOAH GOLDBERG
REDFIN CORPORATION
List Price
$375,000
Sold Price
$350,000
Premium/Discount to List
-$25,000
-6.67%
Current Estimated Value
$692,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,671
Avg. Annual Appreciation
13.11%
Original Mortgage
$1,500
Outstanding Balance
$1,332
Interest Rate
3.3%
Mortgage Type
Stand Alone Second
Estimated Equity
$671,971

Purchase Details

Closed on
Jun 20, 2009
Sold by
Torres Edwin
Bought by
Martinez Jose M

Purchase Details

Closed on
Jun 20, 2008

Purchase Details

Closed on
Jul 20, 2006
Sold by
Aponte Alberto
Bought by
Torres Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 2, 2005
Sold by
Gonzalez Reinaldo
Bought by
Aponte Alberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,800
Interest Rate
7%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 7, 1991
Sold by
Gonzalez Reinaldo and Gonzalez Erma
Bought by
Gonzalez Reinaldo
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Guaman Tania $350,000 Ats Title Agency Inc
Martinez Jose M $425,000 Lotus Title Agency
-- $425,000 --
Torres Edwin $350,000 --
Aponte Alberto $238,500 --
Gonzalez Reinaldo $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guaman Tania $1,500
Open Guaman Tania $280,000
Previous Owner Torres Edwin $280,000
Previous Owner Aponte Alberto $190,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2020 05/07/20 Sold $350,000 -6.7% $113 / Sq Ft
03/10/2020 03/10/20 Pending -- -- --
01/13/2020 01/13/20 For Sale $375,000 -- $121 / Sq Ft
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 $10,573 $283,600 $35,600 $248,000
2024 $10,573 $283,600 $35,600 $248,000
2022 $10,595 $283,600 $35,600 $248,000
2021 $10,590 $283,600 $35,600 $248,000
2020 $6,114 $160,900 $35,600 $125,300
2019 $6,051 $160,900 $35,600 $125,300
2018 $5,942 $160,900 $35,600 $125,300
2017 $5,728 $160,900 $35,600 $125,300
2016 $5,535 $160,900 $35,600 $125,300
2015 $5,324 $160,900 $35,600 $125,300
2014 $4,990 $160,900 $35,600 $125,300
Source: Public Records

Agents Affiliated with this Home

  • Alfredo Silva

    Seller's Agent in 2020

    Alfredo Silva

    KELLER WILLIAMS PARK VIEWS

    (973) 715-4254

    1 in this area

    48 Total Sales

    Alfredo Silva
    Section Image

  • N

    Buyer's Agent in 2020

    NOAH GOLDBERG

    REDFIN CORPORATION

See All Agents

Map

Source: Garden State MLS

MLS Number: 3609453

Garden State MLS

APN: 14-00527-0000-00026

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

216 Summer Ave, Newark, NJ

This home is located at 216 Summer Ave, Newark, NJ 07104 since 13 January 2020 and is currently estimated at $692,671, approximately $222 per square foot. This property was built in 1877. 216 Summer Ave is a home located in Essex County with nearby schools including Rafael Hernandez School, Franklin School, and First Avenue Elementary School.

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