$700,000
SOLD JUN 25, 2025

316 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood
-- Bed
-- Bath
-- Sq Ft
3,920 Sq Ft Lot

Recently Sold

12% Below List Price

177 Days on Market

About This Home

As of June 2025

This home is located at 316 Summer Ave, Newark, NJ 07104 and is currently priced at $700,000. This property was built in 1882. 316 Summer Ave is a home located in Essex County with nearby schools including Rafael Hernandez School, Elliott Street Elementary School, and Ridge Street Elementary School.

Last Agent to Sell the Property

CESAR GONZALEZ

RE/MAX PROFESSIONALS I Brokerage Phone: 973-450-4000 Listed on: 11/26/2024

RE/MAX PROFESSIONALS I

Last Buyer's Agent

CESAR GONZALEZ

RE/MAX PROFESSIONALS I Brokerage Phone: 973-450-4000 Listed on: 11/26/2024

RE/MAX PROFESSIONALS I

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,202

Year Built

  • Built in 1882

Lot Details

  • 3,920 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,202

Year Built

Built in 1882

Lot Details

0

Listing Details

  • Year Built: 1882
  • County Name: Essex
  • Street Number Display: 316
  • I D: 5326302
  • Modified: 2025-06-30
  • Number Images: 1
  • Attribution Contact: 973-450-4000
  • 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
Nov 26, 2024
Closed on
Jun 2, 2025
Sold by
316 Summer Avenue Llc
Bought by
Cintron Angel and Cintron Tania
Seller's Agent
CESAR GONZALEZ
RE/MAX PROFESSIONALS I
Buyer's Agent
CESAR GONZALEZ
RE/MAX PROFESSIONALS I
List Price
$799,000
Sold Price
$700,000
Premium/Discount to List
-$99,000
-12.39%
Views
46
Current Estimated Value
$697,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,321
Avg. Annual Appreciation
-1.22%
Original Mortgage
$612,535
Interest Rate
6.85%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 2, 2015
Sold by
3 East St Llc
Bought by
316 Summer Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2014
Sold by
Bayview Loan Servicillc
Bought by
3 East St Llc

Purchase Details

Closed on
May 19, 2014
Sold by
Sheriff Armando Fontoura
Bought by
Bayview Loan Servici

Purchase Details

Closed on
May 18, 2005
Sold by
Latchman Rohan
Bought by
Rasul Rafique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,600
Interest Rate
5.85%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 31, 2004
Sold by
Ayala Carmen
Bought by
Latchman Rohan and Latchman Sharmila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,600
Interest Rate
5.58%

Purchase Details

Closed on
Aug 30, 2001
Sold by
Lopez Leonardo
Bought by
Ayala Carsen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,565
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
May 14, 1993
Sold by
Lopez Julio and Lopez Nancy
Bought by
Lopez Leonardo C and Sonya Quiles

Purchase Details

Closed on
Dec 15, 1989
Sold by
Wellington Ernestina and Wellington Richard
Bought by
Lopez Leonardo-Sonya-Julio and Lopez Nancy
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 Type Sale Price Title Company
Deed $700,000 True North Title
Deed $220,000 First American Title
Deed $45,000 --
Deed $45,000 --
Quit Claim Deed $100 --
Deed $344,500 --
Deed $262,000 --
Deed $180,000 --
Quit Claim Deed $100 --
Deed $130,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $612,535 FHA
Previous Owner $154,000 New Conventional
Previous Owner $275,600 Adjustable Rate Mortgage/ARM
Previous Owner $209,600 No Value Available
Previous Owner $173,565 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Sold $700,000 -6.5% --
05/22/2025 05/22/25 Pending -- -- --
02/07/2025 02/07/25 Price Changed $749,000 -6.3% --
11/26/2024 11/26/24 For Sale $799,000 -- --
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 $12,202 $202,800 $30,300 $172,500
2024 $12,202 $202,800 $30,300 $172,500
2022 $12,228 $327,300 $30,700 $296,600
2021 $7,573 $202,800 $30,300 $172,500
2020 $7,706 $202,800 $30,300 $172,500
2019 $7,627 $202,800 $30,300 $172,500
2018 $7,489 $202,800 $30,300 $172,500
2017 $7,220 $202,800 $30,300 $172,500
2016 $6,976 $202,800 $30,300 $172,500
2015 $6,711 $202,800 $30,300 $172,500
2014 $6,289 $202,800 $30,300 $172,500
Source: Public Records

Agents Affiliated with this Home

  • CESAR GONZALEZ

    Seller's Agent in 2025

    CESAR GONZALEZ

    RE/MAX

    (973) 930-9264

    2 in this area

    37 Total Sales

    CESAR GONZALEZ
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3936035

Garden State MLS

APN: 14-00577-0000-00009

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

316 Summer Ave, Newark, NJ

This home is located at 316 Summer Ave, Newark, NJ 07104 and is currently priced at $700,000. This property was built in 1882. 316 Summer Ave is a home located in Essex County with nearby schools including Rafael Hernandez School, Elliott Street Elementary School, and Ridge Street Elementary School.

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