A
Seller's Agent in 2022
Austin Smith Real Estate
EXP Realty, LLC
(862) 202-2907
1 in this area
15 Total Sales
369 Summer Ave Newark, NJ 07104
Mount Pleasant-Lower Broadway NeighborhoodEstimated Value: $572,000 - $778,000
6
Beds
3
Baths
--
Sq Ft
3,058
Sq Ft Lot
About This Home
As of June 2022BACK ON MARKET!! FRESH INVENTORY FOR YOUR BUYERS! Well maintained 3 Family Investment Opportunity! Located just ONE block away from the highly desirable FOREST HILLS SECTION. Live in one unit and rent out the other to help pay for the mortgage! FULLY rented and generating income! Each spacious apartment comes with 2 beds and 1 bath. Current gross income is $4,450 with the potential to go above $6k a month! 5....that's right.... FIVE car garage with each garage being rented for $200 each! VERY LOW TAXES. Full finished basement with full bath, kitchenette, and 2 bedrooms - you thinking what I'm thinking?? All tenants are current. Close to shops, restaurants, places of worship, and schools. Set up an appointment today! This definitely won't last long at all!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,897
Lot Details
- 3,058
Parking
- 5 Car Garage
Home Design
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Additional Features
- Laundry in Basement
- 3,058 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 00026 / 00612
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 17, 2021
Closed on
May 11, 2022
Sold by
Penubolu Sriharsha and Yadala Venkata S
Bought by
Redacted Upon Request
Seller's Agent
Austin Smith Real Estate
EXP Realty, LLC
Buyer's Agent
Derwin Blanco
EXP Realty, LLC
List Price
$579,000
Sold Price
$625,000
Premium/Discount to List
$46,000
7.94%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,652
Avg. Annual Appreciation
2.11%
Original Mortgage
$611,644
Interest Rate
4.75%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 29, 2017
Sold by
Rajo Jose G and Rajo Milda
Bought by
Penubolu Sriharsha and Yadala Venkata S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
3.42%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 31, 1995
Sold by
Vasquez Maximino
Bought by
Rajo Jose and Nunez Federico
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
8.34%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Redacted Upon Request | $625,000 | Sunnyside Title | |
| Penubolu Sriharsha | $260,000 | None Available | |
| Rajo Jose | $133,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Redacted Upon Request | $611,644 | |
| Previous Owner | Penubolu Sriharsha | $156,000 | |
| Previous Owner | Rajo Jose | $126,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/23/2022 06/23/22 | Sold | $625,000 | +7.9% | -- |
| 05/20/2022 05/20/22 | Pending | -- | -- | -- |
| 11/17/2021 11/17/21 | For Sale | $579,000 | -- | -- |
Source: New Jersey 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 | $5,786 | $155,200 | $27,700 | $127,500 |
| 2024 | $5,786 | $155,200 | $27,700 | $127,500 |
| 2022 | $5,798 | $155,200 | $27,700 | $127,500 |
| 2021 | $5,795 | $155,200 | $27,700 | $127,500 |
| 2020 | $5,898 | $155,200 | $27,700 | $127,500 |
| 2019 | $5,837 | $155,200 | $27,700 | $127,500 |
| 2018 | $5,732 | $155,200 | $27,700 | $127,500 |
| 2017 | $5,525 | $155,200 | $27,700 | $127,500 |
| 2016 | $5,339 | $155,200 | $27,700 | $127,500 |
| 2015 | $5,136 | $155,200 | $27,700 | $127,500 |
| 2014 | $4,813 | $155,200 | $27,700 | $127,500 |
Source: Public Records
Agents Affiliated with this Home
-
Austin Smith Real Estate
-
Derwin Blanco
D
Buyer's Agent in 2022
Derwin Blanco
EXP Realty, LLC
(866) 201-6210
1 in this area
9 Total Sales
Map
Source: New Jersey MLS
MLS Number: 21045343
APN: 14-00612-0000-00026
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2026 New Jersey Multiple Listing Service Inc. All rights reserved.
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