NOT LISTED FOR SALE

385 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $506,702 - $718,000

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

Last Sold August 29, 2012

Last sale price $175,000

Est. 243% increase in value since last sale

Current estimated payment $3,773/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 $600,676. 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

Est. Annual Taxes

  • $6,312

Lot Details

  • 3,049 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,312

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 385
  • I D: 4203634
  • Modified: 2013-08-30
  • Number Images: 0
  • 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
$600,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$425,676
Avg. Annual Appreciation
9.94%
Original Mortgage
$171,830
Outstanding Balance
$120,323
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$480,353
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Marrero William $175,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marrero William $171,830
Previous Owner Rodriguez Jose A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2012 08/29/12 Sold $175,000 -- --
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
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

    109 Total Sales

    Carmen Jimenez
    Section Image

  • A

    Buyer's Agent in 2012

    Anna Avila Escobar

    BHHS FOX & ROACH

    (973) 207-7564

    40 Total Sales

    Anna Avila Escobar
    Section Image
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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

This home is located at 385 Summer Ave, Newark, NJ 07104 since 29 August 2012 and is currently estimated at $600,676. 385 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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