$750,000
SOLD DEC 26, 2024

372-374 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood
6 Beds
4 Baths
-- Sq Ft
9,004 Sq Ft Lot

Recently Sold

28% Above List Price

18 Days on Market

About This Home

As of December 2024

Buy one house and get two lots in the process! An incredible opportunity to purchase a fabulous 2-Family w/ a bonus 3rd floor unit on a Double Lot. Welcome 372 Summer Ave, a rare find in the sought-after Forest Hills section of Newark! Each unit boasts spacious living areas, high ceilings, hardwood floors, and loads of natural light. Both units feature 2 bedrms, 1 bath. The third-floor unit is a delightful bonus featuring 2 bedrooms, 1 bathroom, a cozy living area, and a kitchen-area. Fully finished basement offers an in-law suite with bonus rm, kitchenette, and full bath. The expansive double lot offers endless possibilities. The empty back lot is flanked on each side by newly constructed multifamily homes that are examples of what can be built. While the front lot is accessed from Summer Ave, the back lot has an entrance of its own on Woodside Ave. This property is perfect for a homeowner seeking a spacious residence on a large lot with rental income or a savvy investor.

Last Agent to Sell the Property

DEBORAH LEOW

Weichert Realtors, Kinnelon Listed on: 08/06/2024

Weichert Realtors, Kinnelon

Last Buyer's Agent

Sebastian Taco

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,948

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Laundry in unit
  • 9,004 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00016 / 00611

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,948

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Unit
  • Co List Office Phone: (973) 838-6200
  • MLS Status: Sold - Sold
  • Directions: Second Ave or Arlington Ave to Summer Ave
  • Architectural Style: 2 Family
  • Year Built Details: Pre 1900,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Remarks: In-law suite w/ a bonus room, a kitchenette, and a full bath

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: See Remarks, Electricity Connected, Natural Gas Connected, Sep Heat, Water Connected

Lot Info

  • Lot Size Sq Ft: 9004.0

Tax Info

  • Tax Annual Amount: 6948.0
  • Tax Block: 00611
  • Tax Lot: 00016

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
12/26/2024 12/26/24 Sold $750,000 +28.2% --
08/27/2024 08/27/24 Pending -- -- --
08/09/2024 08/09/24 For Sale $585,000 -- --
Source: New Jersey MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    DEBORAH LEOW

    Weichert Corporate

    (973) 508-4635

    1 in this area

    18 Total Sales

    DEBORAH LEOW
    Section Image

  • S

    Buyer's Agent in 2024

    Sebastian Taco

    (908) 325-5300

    1 in this area

    36 Total Sales

    Sebastian Taco
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 24025924

New Jersey MLS
New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

372-374 Summer Ave, Newark, NJ

This home is located at 372-374 Summer Ave, Newark, NJ 07104 and is currently priced at $750,000. 372-374 Summer Ave is a home located in Essex County with nearby schools including Rafael Hernandez School, Elliott Street Elementary School, and Franklin School.

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.

New Jersey MLS 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.

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