NOT LISTED FOR SALE

409 Summer Ave Unit 15 Newark, NJ 07104

Mount Pleasant-Lower Broadway Neighborhood

Estimated Value: $4,203,000

3 Beds
1 Bath
2,100 Sq Ft
$2,001/Sq Ft Est. Value

About This Home

This home is located at 409 Summer Ave Unit 15, Newark, NJ 07104 and is currently estimated at $4,203,000, approximately $2,001 per square foot. 409 Summer Ave Unit 15 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
Jul 3, 2023
Sold by
409-411 Summer Avenue Llc
Bought by
409 Bsd Llc
Current Estimated Value
$4,203,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,923,797
Interest Rate
6.67%
Mortgage Type
Construction
Estimated Equity
$1,279,203

Purchase Details

Closed on
Aug 12, 2021
Sold by
409 Summer Avenue Llc
Bought by
409 411 Summer Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,725,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 20, 1977
Bought by
M.C.M. Associates
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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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
409 Bsd Llc -- Cross Bridge Title
409 411 Summer Avenue Llc -- None Available
M.C.M. Associates $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 409 Bsd Llc $3,000,000
Previous Owner 409 411 Summer Avenue Llc $1,725,000
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 $41,940 $1,125,000 $340,000 $785,000
2024 $41,940 $1,125,000 $340,000 $785,000
2022 $42,030 $1,125,000 $340,000 $785,000
2021 $42,008 $1,125,000 $340,000 $785,000
2020 $58,900 $1,550,000 $340,000 $1,210,000
2019 $20,580 $547,200 $340,000 $207,200
2018 $20,208 $547,200 $340,000 $207,200
2017 $19,480 $547,200 $340,000 $207,200
2016 $18,824 $547,200 $340,000 $207,200
2015 $18,107 $547,200 $340,000 $207,200
2014 $16,969 $547,200 $340,000 $207,200
Source: Public Records

Map

New Jersey Essex County Newark 07104 Mount Pleasant-Lower Broadway

409 Summer Ave Unit 15, Newark, NJ

Not Listed for Sale

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