NOT LISTED FOR SALE

431 Summer Ave Newark, NJ 07104

North Broadway Neighborhood

Estimated Value: $492,000 - $670,034

Studio
-- Bath
-- Sq Ft
27 Sq Ft Lot Lot

Sale Details

Date Sold: January 10, 2025

Last sale price $615,000

Est. 3% decrease in value since last sale

Current estimated payment $3,581 / mo

127 Days on Market

About This Home

As of January 2025

This home is located at 431 Summer Ave, Newark, NJ 07104 since 05 September 2024 and is currently estimated at $595,759. 431 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

Stephen Buch

YALE KENT, LLC. Brokerage Phone: 908-624-1222 Listed on: 09/05/2024

Last Buyer's Agent

Stephen Buch

YALE KENT, LLC. Brokerage Phone: 908-624-1222 Listed on: 09/05/2024

Property Details

Home Type

  • Multi-Family

Lot Details

  • 27 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

27 Sq Ft Lot

Listing Details

  • County Name: Essex
  • I D: 5311006
  • Attribution Contact: 908-624-1222
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 27.11X116.6
  • Total Acres: 0.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2024
Closed on
Dec 26, 2024
Sold by
431 Summer Ave Associates Llc
Bought by
Basquendano Iris J Cadenas and Llangari-Daquilema Luis P
Seller's Agent
Stephen Buch
YALE KENT, LLC.
Buyer's Agent
Stephen Buch
YALE KENT, LLC.
List Price
$600,000
Sold Price
$615,000
Premium/Discount to List
$15,000
2.5%
Views
62
Current Estimated Value
$595,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,241
Avg. Annual Appreciation
-2.47%
Original Mortgage
$600,732
Outstanding Balance
$596,560
Interest Rate
6.81%
Mortgage Type
FHA
Estimated Equity
-$801

Purchase Details

Listed on
Jan 24, 2020
Closed on
Dec 19, 2019
Sold by
Us Bank Na
Bought by
431 Sumer Ave Associates
Seller's Agent
Anthony Verrilli
CENTURY 21 PREFERRED REALTY, INC
Buyer's Agent
JASON ALAN AMENDOLIA
CENTURY 21 PREFERRED REALTY, INC
List Price
$151,300
Sold Price
$143,000
Premium/Discount to List
-$8,300
-5.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.27%

Purchase Details

Closed on
Apr 16, 1992
Sold by
Somoes Fausto
Bought by
Guevara Manuel Antonio and Guevara Deiva
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Basquendano Iris J Cadenas $615,000 Stewart Title
431 Sumer Ave Associates $143,000 Misc Company
Guevara Manuel Antonio $99,500 --
Guevara Manuel A $99,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Basquendano Iris J Cadenas $600,732
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/10/2025 01/10/25 Sold $615,000 +0.8% --
10/02/2024 10/02/24 Price Changed $610,000 +1.7% --
09/05/2024 09/05/24 For Sale $600,000 +319.6% --
01/30/2020 01/30/20 Sold $143,000 -5.5% -- View Prior Sale
01/27/2020 01/27/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $151,300 -- --
Source: Garden State MLS

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 $5,324 $140,000 $26,400 $113,600
2024 $5,219 $140,000 $26,400 $113,600
2022 $5,230 $140,000 $26,400 $113,600
2021 $5,228 $140,000 $26,400 $113,600
2020 $6,300 $165,800 $26,400 $139,400
2019 $6,236 $165,800 $26,400 $139,400
2018 $6,123 $165,800 $26,400 $139,400
2017 $5,902 $165,800 $26,400 $139,400
2016 $5,704 $165,800 $26,400 $139,400
2015 $5,486 $165,800 $26,400 $139,400
2014 $5,141 $165,800 $26,400 $139,400
Source: Public Records

Agents Affiliated with this Home

  • Stephen Buch

    Seller's Agent in 2025

    Stephen Buch

    YALE KENT, LLC.

    (973) 985-7192

    1 in this area

    11 Total Sales

    Stephen Buch
    Section Image

  • A

    Seller's Agent in 2020

    Anthony Verrilli

    CENTURY 21 PREFERRED REALTY, INC

    (973) 513-3792

    3 Total Sales

    Anthony Verrilli
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    JASON ALAN AMENDOLIA

    CENTURY 21 PREFERRED REALTY, INC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3922309

Garden State MLS

APN: 14-00623-0000-00023

New Jersey Essex County Newark 07104 North Broadway

431 Summer Ave, Newark, NJ

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