NOT LISTED FOR SALE

248 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $596,000 - $648,000

-- Bed
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Last Sold September 07, 2021

Last sale price $415,000

Est. 50% increase in value since last sale

Current estimated payment $4,277/month

29 Days on Market

About This Home

As of September 2021

This home is located at 248 Summer Ave, Newark, NJ 07104 since 14 April 2021 and is currently estimated at $622,982. This property was built in 1907. 248 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

YOE LOPEZ

HOWARD HANNA RAND REALTY Brokerage Phone: 201-945-7484 Listed on: 04/14/2021

Last Buyer's Agent

Xiao Xia Ling

ELITE REALTORS OF NEW JERSEY

ELITE REALTORS OF NEW JERSEY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,662

Year Built

  • Built in 1907

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,662

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Year Built: 1907
  • County Name: Essex
  • Street Number Display: 248
  • I D: 5063173
  • Modified: 2022-09-08
  • Number Images: 1
  • Attribution Contact: 201-945-7484
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X142
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
Aug 25, 2021
Sold by
Levitian Michael and Levitian Tamara
Bought by
Cheung Patrick and Lin Zhen Hui
Seller's Agent
YOE LOPEZ
HOWARD HANNA RAND REALTY
Buyer's Agent
Xiao Xia Ling
ELITE REALTORS OF NEW JERSEY
List Price
$375,000
Sold Price
$415,000
Premium/Discount to List
$40,000
10.67%
Current Estimated Value
$622,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,982
Avg. Annual Appreciation
10.75%
Original Mortgage
$319,000
Outstanding Balance
$290,473
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$332,509

Purchase Details

Closed on
Feb 28, 2011
Sold by
Tirado Gladiz
Bought by
Levitian Michael and Levitian Tamara

Purchase Details

Closed on
Apr 2, 2008
Sold by
Ocasio Francisco and Ocasio Maria
Bought by
Tirado Gladiz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,100
Interest Rate
5.94%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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
Cheung Patrick $415,000 Sunnyside Title
Levitian Michael $50,000 Multiple
Tirado Gladiz $379,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheung Patrick $319,000
Previous Owner Tirado Gladiz $373,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2021 09/07/21 Sold $415,000 +10.7% --
05/13/2021 05/13/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $375,000 -- --
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 $10,662 $255,000 $43,300 $211,700
2024 $10,662 $286,000 $43,300 $242,700
2022 $6,011 $160,900 $41,000 $119,900
2021 $6,008 $160,900 $41,000 $119,900
2020 $6,114 $160,900 $41,000 $119,900
2019 $6,051 $160,900 $41,000 $119,900
2018 $5,942 $160,900 $41,000 $119,900
2017 $5,728 $160,900 $41,000 $119,900
2016 $5,535 $160,900 $41,000 $119,900
2015 $5,324 $160,900 $41,000 $119,900
2014 $4,990 $160,900 $41,000 $119,900
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2021

    YOE LOPEZ

    Rand Realty

  • X

    Buyer's Agent in 2021

    Xiao Xia Ling

    ELITE REALTORS OF NEW JERSEY

    (201) 736-3316

    1 in this area

    21 Total Sales

    Xiao Xia Ling
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Map

Source: Garden State MLS

MLS Number: 3704922

Garden State MLS

APN: 14-00560-0000-00025

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

248 Summer Ave, Newark, NJ

This home is located at 248 Summer Ave, Newark, NJ 07104 since 14 April 2021 and is currently estimated at $622,982. This property was built in 1907. 248 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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