NOT LISTED FOR SALE

324-326 Summer Ave Newark, NJ 07104

Mount Pleasant Neighborhood

Estimated Value: $706,000 - $991,000

-- Bed
-- Bath
-- Sq Ft
37 Sq Ft Lot

Last Sold June 30, 2022

Last sale price $658,500

Est. 27% increase in value since last sale

Current estimated payment $5,492/month

26 Days on Market

About This Home

As of June 2022

This home is located at 324-326 Summer Ave, Newark, NJ 07104 since 07 April 2022 and is currently estimated at $833,150. This property was built in 1892. 324-326 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

Marilyn Rey

KELLER WILLIAMS PROSPERITY REALTY Brokerage Phone: 973-846-0065 Listed on: 04/07/2022

KELLER WILLIAMS PROSPERITY REALTY

Co-Listed By

Matthew De Fede

REALTY EXECUTIVES ELITE HOMES Brokerage Phone: 973-846-0065

Last Buyer's Agent

Marilyn Rey

KELLER WILLIAMS PROSPERITY REALTY Brokerage Phone: 973-846-0065 Listed on: 04/07/2022

KELLER WILLIAMS PROSPERITY REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,839

Year Built

  • Built in 1892

Lot Details

  • 37 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,839

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Year Built: 1892
  • County Name: Essex
  • Street Number Display: 324-326
  • I D: 5141283
  • Modified: 2023-07-01
  • Number Images: 1
  • Attribution Contact: 973-846-0065
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 37.6X150
  • Total Acres: 0.13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
Jun 22, 2022
Sold by
Lopez Julio L and Lopez Mary L
Bought by
Rey Marilyn and Nunez Sandra
Seller's Agent
Marilyn Rey
KELLER WILLIAMS PROSPERITY REALTY
Buyer's Agent
Marilyn Rey
KELLER WILLIAMS PROSPERITY REALTY
List Price
$750,000
Sold Price
$658,500
Premium/Discount to List
-$91,500
-12.2%
Total Days on Market
26
Current Estimated Value
$833,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,650
Avg. Annual Appreciation
8.39%
Original Mortgage
$636,522
Outstanding Balance
$609,985
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$223,165

Purchase Details

Closed on
Mar 1, 2007
Sold by
Fabbroni Agnes
Bought by
Lopez Julio and Vargas Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,500
Interest Rate
8.35%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 27, 1989
Sold by
Fabbroni Agnes
Bought by
Fabbroni Agnes and Fabbroni Mercorelli,Maria
Source: Public Records

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Range of Values:

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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
Rey Marilyn $658,500 Rios Julieth A
Lopez Julio $430,000 --
Fabbroni Agnes $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rey Marilyn $636,522
Previous Owner Lopez Julio $365,500
Previous Owner Mercorelli Maria $250,000
Previous Owner Fabbroni Agnes $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $658,500 -12.2% --
05/03/2022 05/03/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $750,000 -- --
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
2024 $12,839 $344,400 $33,600 $310,800
2022 $12,867 $344,400 $33,600 $310,800
2021 $9,574 $256,400 $33,600 $222,800
2020 $9,743 $256,400 $33,600 $222,800
2019 $9,643 $256,400 $33,600 $222,800
2018 $9,469 $256,400 $33,600 $222,800
2017 $9,128 $256,400 $33,600 $222,800
2016 $8,820 $256,400 $33,600 $222,800
2015 $8,484 $256,400 $33,600 $222,800
2014 $7,951 $256,400 $33,600 $222,800
Source: Public Records

Agents Affiliated with this Home

  • Marilyn Rey

    Seller's Agent in 2022

    Marilyn Rey

    KELLER WILLIAMS PROSPERITY REALTY

    (973) 851-6285

    1 in this area

    56 Total Sales

    Marilyn Rey
    Section Image
  • Matthew De Fede

    Seller Co-Listing Agent in 2022

    Matthew De Fede

    REALTY EXECUTIVES ELITE HOMES

    (862) 228-0554

    1 in this area

    201 Total Sales

    Matthew De Fede
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3773966

Garden State MLS

APN: 14-00577-0000-00004

New Jersey Essex County Newark 07104 Mount Pleasant

324-326 Summer Ave, Newark, NJ

This home is located at 324-326 Summer Ave, Newark, NJ 07104 since 07 April 2022 and is currently estimated at $833,150. This property was built in 1892. 324-326 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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