NOT LISTED FOR SALE

243 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $464,000 - $614,000

Studio
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold February 17, 2021

Last sale price $321,000

Est. 76% increase in value since last sale

Current estimated payment $3,740/month

77 Days on Market

About This Home

As of February 2021

This home is located at 243 Summer Ave, Newark, NJ 07104 since 28 October 2020 and is currently estimated at $564,958. This property was built in 1867. 243 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

Augusto Verissimo

WEICHERT REALTORS - HOME CITY Brokerage Phone: 973-741-3000 Listed on: 10/28/2020

WEICHERT REALTORS - HOME CITY

Last Buyer's Agent

Janethe Cruz

NIGITO REAL ESTATE LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1867

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1867

Lot Details

0

Listing Details

  • Year Built: 1867
  • County Name: Essex
  • I D: 5028358
  • Attribution Contact: 973-741-3000
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 24.10X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2020
Closed on
Feb 16, 2021
Sold by
Narainsammy Ramsammy and Narainsammy Pamela
Bought by
Les-Aguila Luis A Mora and Tecuapacho Gabriela Texts
Seller's Agent
Augusto Verissimo
WEICHERT REALTORS - HOME CITY
Buyer's Agent
Janethe Cruz
NIGITO REAL ESTATE LLC
List Price
$324,900
Sold Price
$321,000
Premium/Discount to List
-$3,900
-1.2%
Current Estimated Value
$564,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,958
Avg. Annual Appreciation
12.15%
Original Mortgage
$240,750
Outstanding Balance
$213,350
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$351,608

Purchase Details

Closed on
May 24, 1990
Sold by
Watral Arthur and Watral Eleanor
Bought by
Naraimsammy Ramsammy and Naraimsammy Pamela
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
Les-Aguila Luis A Mora $321,000 Land Title
Naraimsammy Ramsammy $92,500 --
Narainsammy Ramsammy $92,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Les-Aguila Luis A Mora $240,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2021 02/17/21 Sold $321,000 -1.2% --
01/13/2021 01/13/21 Pending -- -- --
10/28/2020 10/28/20 For Sale $324,900 -- --
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 $9,775 $262,200 $35,200 $227,000
2024 $9,775 $262,200 $35,200 $227,000
2022 $9,796 $262,200 $35,200 $227,000
2021 $5,332 $142,800 $35,200 $107,600
2020 $5,426 $142,800 $35,200 $107,600
2019 $5,371 $142,800 $35,200 $107,600
2018 $5,274 $142,800 $35,200 $107,600
2017 $5,084 $142,800 $35,200 $107,600
2016 $4,912 $142,800 $35,200 $107,600
2015 $4,725 $142,800 $35,200 $107,600
2014 $4,428 $142,800 $35,200 $107,600
Source: Public Records

Agents Affiliated with this Home

  • Augusto Verissimo

    Seller's Agent in 2021

    Augusto Verissimo

    WEICHERT REALTORS - HOME CITY

    (201) 293-6333

    3 in this area

    214 Total Sales

    Augusto Verissimo
    Section Image

  • J

    Buyer's Agent in 2021

    Janethe Cruz

    NIGITO REAL ESTATE LLC

    (973) 902-2728

    1 in this area

    31 Total Sales

    Janethe Cruz
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3674976

Garden State MLS

APN: 14-00561-0000-00006

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

243 Summer Ave, Newark, NJ

Not Listed for Sale

MultiFamily

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