NOT LISTED FOR SALE

321 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $638,000 - $689,000

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold April 30, 2018

Last sale price $189,000

Est. 256% increase in value since last sale

Current estimated payment $4,143/month

261 Days on Market

About This Home

As of April 2018

This home is located at 321 Summer Ave, Newark, NJ 07104 since 09 August 2017 and is currently estimated at $672,000. 321 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

OSCAR CASTRO

OPTION 1 REALTY GROUP, LLC Brokerage Phone: 888-501-6953 Listed on: 08/09/2017

Last Buyer's Agent

OSCAR CASTRO

OPTION 1 REALTY GROUP, LLC Brokerage Phone: 888-501-6953 Listed on: 08/09/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,128

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,128

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 321
  • I D: 4738029
  • Modified: 2019-05-01
  • Number Images: 1
  • Attribution Contact: 888-501-6953
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X110
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2016
Sold by
Sencion Mario
Bought by
Miles Marcus
Current Estimated Value
$672,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.65%

Purchase Details

Closed on
Jan 10, 2012
Sold by
321 Summer Ave Realty Llc
Bought by
Sencion Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,930
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 31, 2011
Sold by
Elias Israel and Reyes Maria
Bought by
321 Summer Avenue Llc

Purchase Details

Closed on
Nov 21, 1996
Sold by
Ferreira Joao
Bought by
Elias Israel and Elias Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.83%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Miles Marcus $325,000 --
Sencion Mario $200,000 Or
321 Summer Avenue Llc $60,000 Chicago Title Insurance Co
Elias Israel $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teg Property Management Llc $487,500
Open Teg Property Management $4,605,525
Closed Teg Property Management $225,000
Previous Owner Miles Marcus --
Previous Owner Sencion Mario $194,930
Previous Owner Elias Israel $400,500
Previous Owner Reyes Maria T $50,000
Previous Owner Elias Isracl $300,000
Previous Owner Elias Israel $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2018 04/30/18 Sold $189,000 +5.0% --
04/27/2018 04/27/18 Pending -- -- --
08/09/2017 08/09/17 For Sale $180,000 -- --
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 $7,128 $191,200 $27,200 $164,000
2024 $7,128 $191,200 $27,200 $164,000
2022 $7,143 $191,200 $27,200 $164,000
2021 $7,139 $191,200 $27,200 $164,000
2020 $7,266 $191,200 $27,200 $164,000
2019 $7,191 $191,200 $27,200 $164,000
2018 $7,061 $191,200 $27,200 $164,000
2017 $6,807 $191,200 $27,200 $164,000
2016 $6,577 $191,200 $27,200 $164,000
2015 $6,327 $191,200 $27,200 $164,000
2014 $5,929 $191,200 $27,200 $164,000
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2018

    OSCAR CASTRO

    OPTION 1 REALTY GROUP, LLC

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Map

Source: Garden State MLS

MLS Number: 3410254

Garden State MLS

APN: 14-00576-0000-00047

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

321 Summer Ave, Newark, NJ

This home is located at 321 Summer Ave, Newark, NJ 07104 since 09 August 2017 and is currently estimated at $672,000. 321 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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