NOT LISTED FOR SALE

241 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $601,000 - $900,000

-- Bed
-- Bath
2,160 Sq Ft
$335/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $400,000 $185 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,663/month

28 Days on Market

About This Home

As of September 2021

This home is located at 241 Summer Ave, Newark, NJ 07104 since 03 May 2021 and is currently estimated at $722,928, approximately $334 per square foot. 241 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

Anthony Marin

MIG REAL ESTATE Brokerage Phone: 973-771-5170 Listed on: 05/03/2021

Last Buyer's Agent

Anthony Marin

MIG REAL ESTATE Brokerage Phone: 973-771-5170 Listed on: 05/03/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,289

Lot Details

  • 25 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,289

Lot Details

0

Listing Details

  • County Name: Essex
  • I D: 5064742
  • Attribution Contact: 973-771-5170
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25.2X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Sep 20, 2021
Sold by
Summer Ave Management Llc
Bought by
Iddrissu Suahd
Seller's Agent
Anthony Marin
MIG REAL ESTATE
Buyer's Agent
Anthony Marin
MIG REAL ESTATE
List Price
$399,000
Sold Price
$400,000
Premium/Discount to List
$1,000
0.25%
Current Estimated Value
$722,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,928
Avg. Annual Appreciation
15.33%
Original Mortgage
$392,755
Outstanding Balance
$357,378
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$365,550

Purchase Details

Closed on
Jan 25, 2016
Sold by
Marin Anthony and Carusotto Jeffrey
Bought by
Summer Ave Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 2015
Sold by
Frohlich Marc and Frohlich Felicia
Bought by
Carusotto Jeffrey and Marin Anthony

Purchase Details

Closed on
Jul 19, 2013
Sold by
Frolich Marc
Bought by
Frohlich Marc and Frohlich Felicia

Purchase Details

Closed on
Jul 16, 2012
Sold by
Parker Newark Llc
Bought by
Flolich Marc

Purchase Details

Closed on
Apr 5, 2011
Sold by
Gmac Mortgage Llc
Bought by
Parker Newark Llc

Purchase Details

Closed on
Apr 8, 2010
Sold by
Dipre Jose and Santana Diega Y
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Mar 24, 2003
Sold by
Leonardo Julio
Bought by
Dipre Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,851
Interest Rate
5.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 11, 1990
Sold by
Watral Arthur and Watral Janice
Bought by
Leonardo Julio C and Leonardo Rendon,Cecilia
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
Iddrissu Suahd $400,000 Northern Nj Ttl Svcs Llc
Summer Ave Management Llc -- None Available
Carusotto Jeffrey $115,000 --
Frohlich Marc -- --
Frohlich Marc -- --
Flolich Marc -- None Available
Parker Newark Llc $82,000 First American Title Ins Co
Gmac Mortgage Llc -- None Available
Dipre Jose $168,500 --
Leonardo Julio C $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iddrissu Suahd $392,755
Previous Owner Summer Ave Management Llc $172,500
Previous Owner Dipre Jose $165,851
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $400,000 +0.3% $185 / Sq Ft
05/31/2021 05/31/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $399,000 -- $185 / 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 $10,289 $276,000 $35,600 $240,400
2024 $10,289 $276,000 $35,600 $240,400
2022 $4,420 $118,300 $35,600 $82,700
2021 $4,417 $118,300 $35,600 $82,700
2020 $4,495 $118,300 $35,600 $82,700
2019 $4,449 $118,300 $35,600 $82,700
2018 $4,369 $118,300 $35,600 $82,700
2017 $4,211 $118,300 $35,600 $82,700
2016 $4,070 $118,300 $35,600 $82,700
2015 $3,915 $118,300 $35,600 $82,700
2014 $3,668 $118,300 $35,600 $82,700
Source: Public Records

Agents Affiliated with this Home

  • Anthony Marin

    Seller's Agent in 2021

    Anthony Marin

    MIG REAL ESTATE

    (917) 681-8724

    1 in this area

    5 Total Sales

    Anthony Marin
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Map

Source: Garden State MLS

MLS Number: 3709375

Garden State MLS

APN: 14-00561-0000-00005

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

241 Summer Ave, Newark, NJ

Not Listed for Sale

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