NOT LISTED FOR SALE

408 Summer Ave Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $548,000 - $859,000

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold December 07, 2016

Last sale price $365,000

Est. 84% increase in value since last sale

Current estimated payment $4,220/month

9 Days on Market

About This Home

As of December 2016

This home is located at 408 Summer Ave, Newark, NJ 07104 since 03 October 2016 and is currently estimated at $678,746. 408 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.

Last Agent to Sell the Property

Patricia Grandison

COLDWELL BANKER REALTY Brokerage Phone: 908-322-2901 Listed on: 10/03/2016

COLDWELL BANKER REALTY

Last Buyer's Agent

SASHOIR WILLIAMS

OPTION 1 REALTY GROUP, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,572

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,572

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 408
  • I D: 4667111
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 908-322-2901
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2016
Closed on
Dec 9, 2016
Sold by
Kensington Property Investment Group Llc
Bought by
Gordon Dionne
Seller's Agent
Patricia Grandison
COLDWELL BANKER REALTY
Buyer's Agent
SASHOIR WILLIAMS
OPTION 1 REALTY GROUP, LLC
List Price
$379,900
Sold Price
$365,000
Premium/Discount to List
-$14,900
-3.92%
Current Estimated Value
$670,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,570
Avg. Annual Appreciation
7.40%
Original Mortgage
$358,388
Outstanding Balance
$291,790
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$386,956

Purchase Details

Listed on
Jun 19, 2015
Closed on
Mar 4, 2016
Sold by
Bank Of America Na
Bought by
Kenningston Property Investment Group Ll
Buyer's Agent
Shana Coelho
CENTURY 21 REAL ESTATE GROUP
List Price
$73,900
Sold Price
$87,000
Premium/Discount to List
$13,100
17.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
500.44%
Original Mortgage
$141,000
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2015
Sold by
Sheriff Of The County Of Essex
Bought by
Bank Of America Na

Purchase Details

Closed on
Sep 21, 2010
Sold by
Moya Maria Valdez
Bought by
Velocity Group Investments Llc

Purchase Details

Closed on
Aug 14, 2006
Sold by
Rosario Leyda
Bought by
Moya Maria Valdez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,300
Interest Rate
6.48%

Purchase Details

Closed on
Mar 29, 2004
Sold by
Amoros Peter
Bought by
Rosario Leyda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
5.99%

Purchase Details

Closed on
Nov 1, 2000
Sold by
Montalvo Bievenido
Bought by
Amoros Peter A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
7.83%

Purchase Details

Closed on
Mar 27, 2000
Sold by
Tree House
Bought by
Padilla Aida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
8.4%

Purchase Details

Closed on
Mar 24, 1993
Sold by
Fortanez Maria C
Bought by
Mantalvo Bienvenido

Purchase Details

Closed on
Jan 2, 1991
Sold by
Montalvao Montalvao B and Montalvao J
Bought by
Fontanez M C
Source: Public Records

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
Gordon Dionne $365,000 First American Title Insuran
Kenningston Property Investment Group Ll $87,000 Westcor Land Title
Bank Of America Na $588,530 None Listed On Document
Velocity Group Investments Llc -- None Available
Moya Maria Valdez $490,000 --
Rosario Leyda $375,000 --
Amoros Peter A $210,000 --
Padilla Aida $165,000 --
Mantalvo Bienvenido $100 --
Fontanez M C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gordon Dionne $358,388
Previous Owner Kenningston Property Investment Group Ll $141,000
Previous Owner Kensington Property Investment Group Llc $141,000
Previous Owner Moya Maria Valdez $475,300
Previous Owner Rosario Leyda $40,000
Previous Owner Rosario Leyda $356,250
Previous Owner Amoros Peter A $199,500
Previous Owner Padilla Aida $148,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2016 12/07/16 Sold $365,000 -3.9% --
10/12/2016 10/12/16 Pending -- -- --
10/03/2016 10/03/16 For Sale $379,900 +336.7% --
02/19/2016 02/19/16 Sold $87,000 +17.7% --
08/05/2015 08/05/15 Pending -- -- --
06/19/2015 06/19/15 For Sale $73,900 -- --
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 $6,572 $176,300 $21,400 $154,900
2024 $6,572 $176,300 $21,400 $154,900
2022 $6,587 $176,300 $21,400 $154,900
2021 $6,583 $176,300 $21,400 $154,900
2020 $6,699 $176,300 $21,400 $154,900
2019 $6,631 $176,300 $21,400 $154,900
2018 $6,511 $176,300 $21,400 $154,900
2017 $6,276 $176,300 $21,400 $154,900
2016 $6,065 $176,300 $21,400 $154,900
2015 $5,834 $176,300 $21,400 $154,900
2014 $5,467 $176,300 $21,400 $154,900
Source: Public Records

Agents Affiliated with this Home

  • Patricia Grandison

    Seller's Agent in 2016

    Patricia Grandison

    COLDWELL BANKER REALTY

    (908) 494-4865

    20 Total Sales

    Section Image

  • S

    Buyer's Agent in 2016

    SASHOIR WILLIAMS

    OPTION 1 REALTY GROUP, LLC

  • Shana Coelho

    Buyer's Agent in 2016

    Shana Coelho

    CENTURY 21 REAL ESTATE GROUP

    (908) 294-2388

    21 Total Sales

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Map

Source: Garden State MLS

MLS Number: 3344914

Garden State MLS

APN: 14-00626-01-00036

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

408 Summer Ave, Newark, NJ

This home is located at 408 Summer Ave, Newark, NJ 07104 since 03 October 2016 and is currently estimated at $678,746. 408 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.

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