NOT LISTED FOR SALE

355 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $477,650 - $641,000

-- Bed
-- Bath
2,552 Sq Ft
$227/Sq Ft Est. Value

Last Sold August 17, 2017

Last sale price $265,000 $104 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $3,544/month

78 Days on Market

About This Home

As of August 2017

This home is located at 355 Summer Ave, Newark, NJ 07104 since 28 February 2017 and is currently estimated at $578,163, approximately $226 per square foot. 355 Summer Ave is a home located in Essex County with nearby schools including Rafael Hernandez School, Elliott Street Elementary School, and Franklin School.

Last Agent to Sell the Property

Carmen Jimenez

RE/MAX PROFESSIONALS I Brokerage Phone: 973-450-4000 Listed on: 02/28/2017

RE/MAX PROFESSIONALS I

Co-Listed By

ELISA TORRES

WEICHERT REALTORS Brokerage Phone: 973-450-4000

Last Buyer's Agent

Carmen Jimenez

RE/MAX PROFESSIONALS I Brokerage Phone: 973-450-4000 Listed on: 02/28/2017

RE/MAX PROFESSIONALS I

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,338

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,338

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 355
  • I D: 4692197
  • Modified: 2018-08-18
  • Number Images: 1
  • Attribution Contact: 973-450-4000
  • 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

Listed on
Feb 28, 2017
Closed on
Aug 17, 2017
Sold by
Jka Enterprises Ii Llc
Bought by
Lopes Alvaro P
Seller's Agent
Carmen Jimenez
RE/MAX PROFESSIONALS I
Buyer's Agent
Carmen Jimenez
RE/MAX PROFESSIONALS I
List Price
$279,950
Sold Price
$265,000
Premium/Discount to List
-$14,950
-5.34%
Current Estimated Value
$550,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,731
Avg. Annual Appreciation
10.26%
Original Mortgage
$258,852
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 13, 2010
Sold by
Nj Rehab Ii Llc and Feldman Steven
Bought by
Jka Enterprises Ii Llc

Purchase Details

Closed on
Mar 21, 2007
Sold by
Vasquez George
Bought by
Nj Rehab Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,000
Interest Rate
13%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 8, 1991
Sold by
Vidal Lydia M
Bought by
Toja Mario J
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 Buyer Sale Price Title Company
Lopes Alvaro P $265,000 None Available
Jka Enterprises Ii Llc -- None Available
Nj Rehab Ii Llc $293,000 --
Toja Mario J $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopes Alvaro P $128,000
Open Lopes Alvaro P $247,191
Closed Lopes Alvaro P $247,191
Closed Lopes Alvaro P $258,852
Previous Owner Nj Rehab Ii Llc $38,000
Previous Owner Nj Rehab Ii Llc $301,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2017 08/17/17 Sold $265,000 -5.3% $104 / Sq Ft
05/17/2017 05/17/17 Pending -- -- --
02/28/2017 02/28/17 For Sale $279,950 -- $110 / Sq Ft
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 $6,338 $170,000 $27,200 $142,800
2024 $6,338 $170,000 $27,200 $142,800
2022 $6,351 $170,000 $27,200 $142,800
2021 $6,348 $170,000 $27,200 $142,800
2020 $6,460 $170,000 $27,200 $142,800
2019 $6,394 $170,000 $27,200 $142,800
2018 $5,355 $145,000 $27,200 $117,800
2017 $5,162 $145,000 $27,200 $117,800
2016 $4,988 $145,000 $27,200 $117,800
2015 $4,798 $145,000 $27,200 $117,800
2014 $4,496 $145,000 $27,200 $117,800
Source: Public Records

Agents Affiliated with this Home

  • Carmen Jimenez

    Seller's Agent in 2017

    Carmen Jimenez

    RE/MAX

    (201) 919-2878

    1 in this area

    109 Total Sales

    Section Image

  • E

    Seller Co-Listing Agent in 2017

    ELISA TORRES

    WEICHERT REALTORS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3367544

Garden State MLS

APN: 14-00576-0000-00064

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

355 Summer Ave, Newark, NJ

This home is located at 355 Summer Ave, Newark, NJ 07104 since 28 February 2017 and is currently estimated at $578,163, approximately $226 per square foot. 355 Summer Ave is a home located in Essex County with nearby schools including Rafael Hernandez School, Elliott Street Elementary School, and Franklin School.

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