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.
Introducing a Prime Investment Opportunity in a Highly Desirable Location! This captivating brick building offers exceptional versatility, serving both immediate commercial use and lucrative developmental prospects within the ARC-4 zoning district, as part of the Sussex Ave Redevelopment Plan. IMMEDIATE COMMERCIAL USE: The existing structure features sizable garages and multiple rooms, ideal for
Are you seeking to owner-occupy or rent an income producing property? this is the perfect opportunity to do BOTH. This property has low taxes $7,073. The property has separate entrances. There are separate electrical panels, hot water heaters and furnaces for each unit of the home. The location is conveniently located near route 78,GSP, Newark Airport, schools and transportation. This
Sylvia Robinson-BoyerHomeSmart First Advantage Realty
Collateral Analytics
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ICE
ICE Mortgage Technology
ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
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First American
First American
First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.
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Quantarium
Quantarium
Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.
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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
$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
Open
$280,000
New Conventional
Previous Owner
$154,000
New Conventional
Previous Owner
$320,000
Adjustable Rate Mortgage/ARM
Previous Owner
$40,000
Stand Alone Second
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
06/25/202506/25/25
Sold
$700,000
-6.5%
--
05/22/202505/22/25
Pending
--
--
--
02/07/202502/07/25
Price Changed
$749,000
-6.3%
--
11/26/202411/26/24
For Sale
$799,000
--
--
Source: Garden State MLS
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
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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