NOT LISTED FOR SALE

393 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $568,000 - $701,000

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

Last Sold January 23, 2024

Last sale price $511,000

Est. 16% increase in value since last sale

Current estimated payment $4,232/month

19 Days on Market

About This Home

As of January 2024

This home is located at 393 Summer Ave, Newark, NJ 07104 since 15 November 2023 and is currently estimated at $623,991. This property was built in 1857. 393 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

ALLEN D. JONES

COLDWELL BANKER REALTY Brokerage Phone: 973-378-8300 Listed on: 11/15/2023

Co-Listed By

JAAYSYN HICKS

COLDWELL BANKER REALTY Brokerage Phone: 973-378-8300

Last Buyer's Agent

WALES H. CRUZ

NEW AND MODERN GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,747

Year Built

  • Built in 1857

Lot Details

  • 3,049 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,747

Year Built

Built in 1857

Lot Details

0

Listing Details

  • Year Built: 1857
  • County Name: Essex
  • Street Number Display: 393
  • I D: 5256145
  • Modified: 2025-01-24
  • Number Images: 25
  • Attribution Contact: 973-378-8300
  • 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
Nov 15, 2023
Closed on
Jan 23, 2024
Sold by
Voorhees Khari
Bought by
Navas Victor Gaona and Cedeno Joselin
Seller's Agent
ALLEN D. JONES
COLDWELL BANKER REALTY
Buyer's Agent
WALES H. CRUZ
NEW AND MODERN GROUP
List Price
$485,000
Sold Price
$511,000
Premium/Discount to List
$26,000
5.36%
Views
42
Current Estimated Value
$594,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,151
Avg. Annual Appreciation
13.66%
Original Mortgage
$499,144
Outstanding Balance
$491,329
Interest Rate
6.95%
Mortgage Type
FHA
Estimated Equity
$132,662

Purchase Details

Listed on
Nov 3, 2020
Closed on
Jan 14, 2021
Sold by
Hamlett Management Llc
Bought by
Voorhees Khari
Buyer's Agent
ALLEN D. JONES
COLDWELL BANKER REALTY
List Price
$385,000
Sold Price
$390,000
Premium/Discount to List
$5,000
1.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.36%
Original Mortgage
$382,936
Interest Rate
2.6%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 15, 2019
Sold by
Fnma
Bought by
Hamlett Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,437
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2019
Sold by
Bank Of America Na
Bought by
Fnma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,437
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2007
Sold by
Pimentel Aurora and Garcia Carmen
Bought by
Pimentel Aurora

Purchase Details

Closed on
Mar 5, 2007
Sold by
Torres Pedro
Bought by
Pimentel Aurora and Garcia Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2005
Sold by
Rivera Rafael
Bought by
Torres Pedro and Torres Yahira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.85%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 9, 1994
Sold by
Rivera Rafael
Bought by
Rivera Rafael
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
Navas Victor Gaona $511,000 None Listed On Document
Voorhees Khari $390,000 Foundation Title Llc
Hamlett Management Llc $200,000 Misc Company
Fnma -- --
Pimentel Aurora -- Chicago Title Insurance Comp
Pimentel Aurora $460,000 --
Torres Pedro $250,000 --
Rivera Rafael $18,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Navas Victor Gaona $499,144
Previous Owner Voorhees Khari $382,936
Previous Owner Hamlett Management Llc $221,437
Previous Owner Pimentel Aurora $368,000
Previous Owner Torres Pedro A $310,500
Previous Owner Torres Pedro $200,000
Previous Owner Zelaya Salvador $43,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2024 01/23/24 Sold $511,000 +5.4% --
12/08/2023 12/08/23 Pending -- -- --
11/18/2023 11/18/23 For Sale $485,000 +24.4% --
01/15/2021 01/15/21 Sold $390,000 +1.3% --
11/22/2020 11/22/20 Pending -- -- --
11/03/2020 11/03/20 For Sale $385,000 +92.5% --
11/27/2019 11/27/19 Sold $200,000 0.0% --
11/27/2019 11/27/19 Pending -- -- --
11/27/2019 11/27/19 For Sale $200,000 -- --
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 $11,747 $315,100 $27,700 $287,400
2024 $11,747 $315,100 $27,700 $287,400
2022 $11,772 $315,100 $27,700 $287,400
2021 $6,150 $164,700 $27,400 $137,300
2020 $6,259 $164,700 $27,400 $137,300
2019 $6,194 $164,700 $27,400 $137,300
2018 $6,082 $164,700 $27,400 $137,300
2017 $5,863 $164,700 $27,400 $137,300
2016 $5,666 $164,700 $27,400 $137,300
2015 $5,450 $164,700 $27,400 $137,300
2014 $5,107 $164,700 $27,400 $137,300
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    ALLEN D. JONES

    COLDWELL BANKER REALTY

  • J

    Seller Co-Listing Agent in 2024

    JAAYSYN HICKS

    COLDWELL BANKER REALTY

  • W

    Buyer's Agent in 2024

    WALES H. CRUZ

    NEW AND MODERN GROUP

  • M

    Seller's Agent in 2019

    MANUEL ROSA JR

    ROSA AGENCY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3874684

Garden State MLS

APN: 14-00612-0000-00038

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

393 Summer Ave, Newark, NJ

This home is located at 393 Summer Ave, Newark, NJ 07104 since 15 November 2023 and is currently estimated at $623,991. This property was built in 1857. 393 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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