NOT LISTED FOR SALE

499 Summer Ave Unit 503 Newark, NJ 07104

North Broadway Neighborhood

Estimated Value: $608,107 - $836,000

1 Bed
1 Bath
900 Sq Ft
$791/Sq Ft Est. Value

About This Home

This home is located at 499 Summer Ave Unit 503, Newark, NJ 07104 and is currently estimated at $712,027, approximately $791 per square foot. 499 Summer Ave Unit 503 is a home located in Essex County with nearby schools including Elliott Street Elementary School, Rafael Hernandez School, and Ridge Street Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2020
Sold by
Damanda Eaterprises Llc
Bought by
Chalas Rafael
Current Estimated Value
$712,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,211
Outstanding Balance
$377,007
Interest Rate
3.6%
Mortgage Type
FHA
Estimated Equity
$361,273

Purchase Details

Closed on
Feb 21, 2017
Sold by
U S Bank National Assn
Bought by
Damanda Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.19%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 21, 2005
Sold by
Brito Esthela
Bought by
Turner Rauhn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.47%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 3, 2003
Sold by
Mena Eugenio
Bought by
Brito Esthela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,243
Interest Rate
5.86%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 21, 2002
Sold by
Marques Manuel
Bought by
Mena Eugenio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,552
Interest Rate
7.18%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 6, 2001
Sold by
Hud
Bought by
Marques Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.21%

Purchase Details

Closed on
Mar 31, 1998
Sold by
Star Housing Inc
Bought by
Dishmey Moises L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
7.04%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 22, 1998
Sold by
Emc Mtg
Bought by
Star Housing
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
Chalas Rafael $430,000 Sunnyside Title
Damanda Enterprises Llc $120,750 None Available
Turner Rauhn $310,000 --
Brito Esthela $189,000 --
Mena Eugenio $148,000 --
Marques Manuel $85,000 --
Dishmey Moises L $139,000 --
Star Housing $49,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chalas Rafael J $21,632
Open Chalas Rafael $422,211
Previous Owner Damanda Enterprises Llc $247,500
Previous Owner Damanda Enterprises Llc $200,000
Previous Owner Turner Rauhn $376,000
Previous Owner Turner Rauhn $47,000
Previous Owner Turner Rauhn $248,000
Previous Owner Turner Rauhn $62,000
Previous Owner Brito Esthela $182,243
Previous Owner Mena Eugenio $145,552
Previous Owner Marques Manuel $85,000
Previous Owner Dishmey Moises L $138,000
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 $13,406 $359,600 $17,700 $341,900
2024 $13,406 $359,600 $17,700 $341,900
2022 $13,435 $359,600 $17,700 $341,900
2021 $13,427 $359,600 $17,700 $341,900
2020 $10,024 $263,800 $17,700 $246,100
2019 $9,922 $263,800 $17,700 $246,100
2018 $4,557 $123,400 $17,700 $105,700
2017 $4,393 $123,400 $17,700 $105,700
2016 $4,245 $123,400 $17,700 $105,700
2015 $4,083 $123,400 $17,700 $105,700
2014 $3,827 $123,400 $17,700 $105,700
Source: Public Records

Map

New Jersey Essex County Newark 07104 North Broadway

499 Summer Ave Unit 503, Newark, NJ

This home is located at 499 Summer Ave Unit 503, Newark, NJ 07104 and is currently estimated at $712,027, approximately $791 per square foot. 499 Summer Ave Unit 503 is a home located in Essex County with nearby schools including Elliott Street Elementary School, Rafael Hernandez 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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