NOT LISTED FOR SALE

406 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $432,234 - $545,000

-- Bed
-- Bath
1,480 Sq Ft
$336/Sq Ft Est. Value

About This Home

This home is located at 406 Summer Ave, Newark, NJ 07104 and is currently estimated at $497,559, approximately $336 per square foot. 406 Summer Ave is a home located in Essex County with nearby schools including Rafael Hernandez School, Elliott Street Elementary School, and Ridge Street Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2024
Sold by
Fannie Mae and Federal National Mortgage Association
Bought by
Fred Justin
Current Estimated Value
$497,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,030
Outstanding Balance
$427,837
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$69,722

Purchase Details

Closed on
Jun 22, 2022
Sold by
Acosta Juan A and Acosta Celia R
Bought by
Gunga Jagdesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,300
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2022
Sold by
Cooper Mr
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,300
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2007
Sold by
Guevara Juan
Bought by
Salgado Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2005
Sold by
Michaelbarsoum
Bought by
Guevara Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
5.78%
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
Fred Justin $440,000 None Listed On Document
Gunga Jagdesh $290,000 Foundation Title
Federal National Mortgage Association -- Stead Jennifer
Salgado Jose $240,000 Multiple
Guevara Juan $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fred Justin $432,030
Previous Owner Gunga Jagdesh $281,300
Previous Owner Salgado Jose $0
Previous Owner Salgado Jose $228,000
Previous Owner Buevara Juan $168,000
Previous Owner Guevara Juan $130,500
Source: Public Records

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 $3,575 $95,900 $18,500 $77,400
2024 $3,575 $95,900 $18,500 $77,400
2022 $3,583 $95,900 $18,500 $77,400
2021 $3,581 $95,900 $18,500 $77,400
2020 $3,644 $95,900 $18,500 $77,400
2019 $3,607 $95,900 $18,500 $77,400
2018 $3,542 $95,900 $18,500 $77,400
2017 $3,414 $95,900 $18,500 $77,400
2016 $3,299 $95,900 $18,500 $77,400
2015 $3,173 $95,900 $18,500 $77,400
2014 $2,974 $95,900 $18,500 $77,400
Source: Public Records

Map

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

406 Summer Ave, Newark, NJ

This home is located at 406 Summer Ave, Newark, NJ 07104 and is currently estimated at $497,559, approximately $336 per square foot. 406 Summer Ave is a home located in Essex County with nearby schools including Rafael Hernandez School, Elliott Street Elementary School, and Ridge Street Elementary 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.

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