NOT LISTED FOR SALE

317 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $769,000 - $870,000

Studio
5 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold September 02, 2021

Last sale price $550,000

Est. 51% increase in value since last sale

Current estimated payment $5,348/month

40 Days on Market

About This Home

As of September 2021

This home is located at 317 Summer Ave, Newark, NJ 07104 since 23 June 2021 and is currently estimated at $833,145. This property was built in 2007. 317 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

Julio C Perez

CORCORAN SAWYER SMITH Brokerage Phone: 201-222-2900 Listed on: 06/23/2021

CORCORAN SAWYER SMITH

Last Buyer's Agent

Tajudeen Ajadi

LARA REALTY CORP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2007

Lot Details

  • 3,049 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 2007

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Year Built: 2007
  • County Name: Essex
  • I D: 5082944
  • Attribution Contact: 201-222-2900
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X117.6
  • Total Acres: 0.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2021
Closed on
Aug 25, 2021
Sold by
Ventura Javier Jose
Bought by
Onagoruwa Ayodele O
Seller's Agent
Julio C Perez
CORCORAN SAWYER SMITH
Buyer's Agent
Tajudeen Ajadi
LARA REALTY CORP
List Price
$561,000
Sold Price
$550,000
Premium/Discount to List
-$11,000
-1.96%
Current Estimated Value
$833,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,145
Avg. Annual Appreciation
9.60%
Original Mortgage
$540,038
Interest Rate
3.01%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 20, 2015
Closed on
Jan 20, 2015
Sold by
Rodriguez Juan
Bought by
Ventura Javier Jose
Seller's Agent
HENRY TORRES
KW COMMERCIAL
Buyer's Agent
HENRY TORRES
KW COMMERCIAL
Sold Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.99%

Purchase Details

Closed on
Sep 3, 2014
Sold by
Kassai Mehdi
Bought by
Rodriguez Juan

Purchase Details

Closed on
Apr 26, 2010
Sold by
Rodriguez Juan
Bought by
Kassai Mehdi

Purchase Details

Closed on
Jan 31, 2007
Sold by
Dreamworks Builders Llc
Bought by
Rodriguez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,400
Interest Rate
8.29%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 27, 2005
Sold by
Guerrero Jorge
Bought by
Dreamworks Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,000
Interest Rate
6.28%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 2, 1988
Sold by
City Of Newark
Bought by
Rodriguez Carmelo
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
Onagoruwa Ayodele O $550,000 Fonticoba Robert
Ventura Javier Jose $245,000 --
Ventura Javier Jose $245,000 --
Rodriguez Juan -- --
Kassai Mehdi -- None Available
Rodriguez Juan $478,000 --
Dreamworks Builders Llc $165,000 --
Rodriguez Carmelo $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Onagoruwa Ayodele O $540,038
Previous Owner Rodriguez Juan $382,400
Previous Owner Dreamworks Builders Llc $283,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/02/2021 09/02/21 Sold $550,000 -2.0% --
08/02/2021 08/02/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $561,000 +129.0% --
01/20/2015 01/20/15 Sold $245,000 -- -- View Prior Sale
Source: Garden State MLS

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 $12,716 $341,100 $27,200 $313,900
2024 $12,716 $341,100 $27,200 $313,900
Source: Public Records

Agents Affiliated with this Home

  • Julio C Perez

    Seller's Agent in 2021

    Julio C Perez

    CORCORAN SAWYER SMITH

    (917) 797-2423

    1 in this area

    22 Total Sales

    Julio C Perez
    Section Image
  • Tajudeen Ajadi

    Buyer's Agent in 2021

    Tajudeen Ajadi

    LARA REALTY CORP

    (973) 220-5963

    1 in this area

    29 Total Sales

    Tajudeen Ajadi
    Section Image

  • H

    Seller's Agent in 2015

    HENRY TORRES

    KW COMMERCIAL

See All Agents

Map

Source: Garden State MLS

MLS Number: 3722412

Garden State MLS

APN: 14-00576-0000-00045

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

317 Summer Ave, Newark, NJ

Not Listed for Sale

MultiFamily

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