NOT LISTED FOR SALE

254 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $437,000 - $633,000

-- Bed
-- Bath
-- Sq Ft
3,920 Sq Ft Lot

Last Sold January 09, 2017

Last sale price $151,000

Est. 222% increase in value since last sale

Current estimated payment $3,131/month

19 Days on Market

About This Home

As of January 2017

This home is located at 254 Summer Ave, Newark, NJ 07104 since 29 June 2016 and is currently estimated at $518,971. This property was built in 1887. 254 Summer Ave is a home located in Essex County with nearby schools including Rafael Hernandez School, Franklin School, and Elliott Street Elementary School.

Last Agent to Sell the Property

ARMINDO VENTURA

VENTURA REALTY, INC. Listed on: 06/29/2016

Last Buyer's Agent

ASCENSAO H. GUTIERREZ

RE/MAX PROFESSIONALS I

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,674

Year Built

  • Built in 1887

Lot Details

  • 3,920 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,674

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Year Built: 1887
  • County Name: Essex
  • Street Number Display: 254
  • I D: 4639039
  • Modified: 2018-01-10
  • Number Images: 0
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X150
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2016
Closed on
Dec 29, 2016
Sold by
Fannie Mae
Bought by
Nunez Damian and Nunez Alan
Seller's Agent
ARMINDO VENTURA
VENTURA REALTY, INC.
Buyer's Agent
ASCENSAO H. GUTIERREZ
RE/MAX PROFESSIONALS I
List Price
$120,000
Sold Price
$151,000
Premium/Discount to List
$31,000
25.83%
Current Estimated Value
$485,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,481
Avg. Annual Appreciation
15.44%
Original Mortgage
$150,590
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 2015
Sold by
Fontoura Armando B
Bought by
Wells Fargo Bank Na and Jerez Aida

Purchase Details

Closed on
Feb 2, 1981
Bought by
Jerez Aida
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
Nunez Damian $151,000 None Available
Wells Fargo Bank Na $248,794 None Available
Jerez Aida $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nunez Damian $200,000
Closed Nunez Damian $200,000
Closed Nunez Damian $150,590
Closed Wells Fargo Bank Na --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2017 01/09/17 Sold $151,000 +25.8% --
07/18/2016 07/18/16 Pending -- -- --
06/29/2016 06/29/16 For Sale $120,000 -- --
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 $5,674 $152,200 $41,300 $110,900
2024 $5,674 $152,200 $41,300 $110,900
2022 $5,686 $152,200 $41,300 $110,900
2021 $5,683 $152,200 $41,300 $110,900
2020 $5,784 $152,200 $41,300 $110,900
2019 $5,724 $152,200 $41,300 $110,900
2018 $5,621 $152,200 $41,300 $110,900
2017 $5,418 $152,200 $41,300 $110,900
2016 $5,236 $152,200 $41,300 $110,900
2015 $5,036 $152,200 $41,300 $110,900
2014 $4,720 $152,200 $41,300 $110,900
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2017

    ARMINDO VENTURA

    VENTURA REALTY, INC.

  • A

    Buyer's Agent in 2017

    ASCENSAO H. GUTIERREZ

    RE/MAX

See All Agents

Map

Source: Garden State MLS

MLS Number: 3318783

Garden State MLS

APN: 14-00560-0000-00022

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

254 Summer Ave, Newark, NJ

This home is located at 254 Summer Ave, Newark, NJ 07104 since 29 June 2016 and is currently estimated at $518,971. This property was built in 1887. 254 Summer Ave is a home located in Essex County with nearby schools including Rafael Hernandez School, Franklin School, and Elliott Street Elementary School.

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