NOT LISTED FOR SALE

385 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $534,000 - $746,000

Studio
-- Bath
-- Sq Ft
3,049 Sq Ft Lot

Last Sold August 29, 2012

Last sale price $175,000

Est. 264% increase in value since last sale

Current estimated payment $3,907/month

About This Home

As of August 2012

This home is located at 385 Summer Ave, Newark, NJ 07104 since 29 August 2012 and is currently estimated at $637,115. 385 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 Listed on: 08/29/2012

RE/MAX PROFESSIONALS I

Last Buyer's Agent

Anna Avila Escobar

BHHS FOX & ROACH

BHHS FOX & ROACH

Property Details

Home Type

  • Multi-Family

Lot Details

  • 3,049 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • County Name: Essex
  • I D: 4203634
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X115
  • Total Acres: 0.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2012
Closed on
Aug 27, 2012
Sold by
Rodriguez Jose and Rodriguez Edelmira
Bought by
Marrero William
Seller's Agent
Carmen Jimenez
RE/MAX PROFESSIONALS I
Buyer's Agent
Anna Avila Escobar
BHHS FOX & ROACH
Sold Price
$175,000
Current Estimated Value
$637,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$462,115
Avg. Annual Appreciation
10.11%
Original Mortgage
$171,830
Outstanding Balance
$119,904
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$517,211
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Marrero William $175,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marrero William $171,830
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2012 08/29/12 Sold $175,000 -- --
Source: Garden State 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 $6,312 $169,300 $26,100 $143,200
2024 $6,312 $169,300 $26,100 $143,200
2022 $6,325 $169,300 $26,100 $143,200
2021 $6,322 $169,300 $26,100 $143,200
2020 $6,433 $169,300 $26,100 $143,200
2019 $6,367 $169,300 $26,100 $143,200
2018 $6,252 $169,300 $26,100 $143,200
2017 $6,027 $169,300 $26,100 $143,200
2016 $5,824 $169,300 $26,100 $143,200
2015 $5,602 $169,300 $26,100 $143,200
2014 $5,250 $169,300 $26,100 $143,200
Source: Public Records

Agents Affiliated with this Home

  • Carmen Jimenez

    Seller's Agent in 2012

    Carmen Jimenez

    RE/MAX

    (201) 919-2878

    1 in this area

    101 Total Sales

    Carmen Jimenez
    Section Image

  • A

    Buyer's Agent in 2012

    Anna Avila Escobar

    BHHS FOX & ROACH

    (973) 207-7564

    34 Total Sales

    Anna Avila Escobar
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 2913321

Garden State MLS

APN: 14-00612-0000-00034

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

385 Summer Ave, Newark, NJ

Not Listed for Sale

MultiFamily

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.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes