NOT LISTED FOR SALE

401 Summer Ave Unit 403 Newark, NJ 07104

Mount Pleasant Neighborhood

Estimated Value: $596,000 - $980,000

9 Beds
5 Baths
-- Sq Ft
4,887 Sq Ft Lot

Last Sold March 04, 2021

Last sale price $617,500

Est. 36% increase in value since last sale

Current estimated payment $6,012/month

16 Days on Market

Highlights

  • 4,887 Sq Ft lot
  • Stairway
  • Rectangular Lot
  • Attached Garage
  • Central Air

About This Home

As of March 2021

Welcome to this magnificent newer construction three family located in the desirable North Newark section with convenient access to shops, restaurants, and mins from NYC Train and Bus transportation. This is a rare opportunity to live for free or enjoy strong positive cash flow. This property offers HVAC, separate utilities, bedrooms and master baths. This is an investor or owner occupant special. Come grab up this property ASAP for it will not LAST in this low interest low inventory market.

Last Listed By

Alberto Wells

UBIREAL LLC Listed on: 12/29/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,072

Year Built

  • 2004

Lot Details

  • 4,887 Sq Ft Lot
  • Rectangular Lot

Parking

  • Attached Garage

Home Design

  • Built in the 2000s
  • Brick Exterior Construction
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Central Air
  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • Laundry in unit
  • Stairway
  • Finished Basement

Listing and Financial Details

  • Assessor Parcel Number 071400612 00042

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,072

Year Built

2004

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 3 Family
  • Lifestyle: None
  • Views/Exposure: None
  • Year Built (Public Record): 2000's
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 26
  • Fireplace: None
  • Bedrooms: 9
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Basement: Finished, Grd Lv Acces
  • Laundry: In Unit

Exterior Features

  • Waterfront: None
  • Exterior Finish: Brick, Vinyl

Garage/Parking

  • Garage: Attached

Utilities

  • Heating: Gas, Hot Air
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Cooling: Central Air

Lot Info

  • County Name: ESSEX
  • Locale: 400
  • Lot: 00042
  • Estimated Lot Sq Ft: 4887
  • Lot Description: Regular

Tax Info

  • Tax: 11072
  • Assessor Parcel Number: 071400612 00042

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2020
Closed on
Feb 26, 2021
Sold by
Rosendo Pedro and Rosendo Alejandra
Bought by
Williams Bryon N
Seller's Agent
Alberto Wells
UBIREAL LLC
Buyer's Agent
Outside Agent
Outside Office
List Price
$599,900
Sold Price
$617,500
Premium/Discount to List
$17,600
2.93%
Total Days on Market
16
Current Estimated Value
$838,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,067
Avg. Annual Appreciation
7.60%
Original Mortgage
$558,607
Outstanding Balance
$506,641
Interest Rate
2.73%
Mortgage Type
FHA
Estimated Equity
$331,926

Purchase Details

Closed on
Jun 17, 2005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,000
Interest Rate
5.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2002
Sold by
Roma Daniel
Bought by
Dar Dev Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
6.61%

Purchase Details

Closed on
Jul 19, 2002
Sold by
Dar Dev Corp
Bought by
Rosendo Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
6.61%

Range of Values:

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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
Williams Bryon N $617,500 Foundation Title Llc
-- -- --
Dar Dev Corp -- --
Rosendo Pedro $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Bryon N $558,607
Previous Owner Rosendo Alejandra $268,600
Previous Owner Rosendo Hermelindo $70,000
Previous Owner Rosendo Pedro $334,000
Previous Owner Rosendo Pedro $332,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2021 03/04/21 Sold $617,500 +2.9% --
01/14/2021 01/14/21 Pending -- -- --
12/29/2020 12/29/20 For Sale $599,900 -- --
Source: New Jersey 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
2024 $16,355 $438,700 $30,400 $408,300
2022 $16,390 $438,700 $30,400 $408,300
2021 $10,993 $294,400 $30,100 $264,300
2020 $11,187 $294,400 $30,100 $264,300
2019 $11,072 $294,400 $30,100 $264,300
2018 $10,872 $294,400 $30,100 $264,300
2017 $10,481 $294,400 $30,100 $264,300
2016 $10,127 $294,400 $30,100 $264,300
2015 $9,742 $294,400 $30,100 $264,300
2014 $9,129 $294,400 $30,100 $264,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 20052467

New Jersey MLS

APN: 14-00612-0000-00042