NOT LISTED FOR SALE

506 Summer Ave Unit 2 Newark, NJ 07104

North Broadway Neighborhood

Estimated Value: $532,000 - $708,000

-- Bed
4 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold November 23, 2018

Last sale price $165,000

Est. 278% increase in value since last sale

Current estimated payment $4,064/month

44 Days on Market

About This Home

As of November 2018

This home is located at 506 Summer Ave Unit 2, Newark, NJ 07104 since 19 July 2018 and is currently estimated at $624,351. 506 Summer Ave Unit 2 is a home located in Essex County with nearby schools including Elliott Street Elementary School, Rafael Hernandez School, and Ridge Street Elementary School.

Last Agent to Sell the Property

ESTHER LEE

UNITED REAL ESTATE Brokerage Phone: 973-623-1001 Listed on: 07/19/2018

Last Buyer's Agent

ESTHER LEE

UNITED REAL ESTATE Brokerage Phone: 973-623-1001 Listed on: 07/19/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,197

Lot Details

  • 3,920 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,197

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 506
  • I D: 4823333
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 973-623-1001
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 30X125
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2018
Closed on
Oct 26, 2018
Sold by
Rojas Emily and Rojas Byron S
Bought by
Properties Plus Llc
Seller's Agent
ESTHER LEE
UNITED REAL ESTATE
Buyer's Agent
ESTHER LEE
UNITED REAL ESTATE
List Price
$219,000
Sold Price
$165,000
Premium/Discount to List
-$54,000
-24.66%
Current Estimated Value
$624,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$459,351
Avg. Annual Appreciation
21.54%
Original Mortgage
$240,800
Outstanding Balance
$211,722
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$414,693
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
Properties Plus Llc $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Properties Plus Llc $240,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2018 11/23/18 Sold $165,000 -24.7% --
09/01/2018 09/01/18 Pending -- -- --
07/19/2018 07/19/18 For Sale $219,000 -- --
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 $9,197 $246,700 $31,200 $215,500
2024 $9,197 $246,700 $31,200 $215,500
2022 $9,217 $246,700 $31,200 $215,500
2021 $9,212 $246,700 $31,200 $215,500
2020 $9,375 $246,700 $31,200 $215,500
2019 $5,863 $155,900 $31,100 $124,800
2018 $5,757 $155,900 $31,100 $124,800
2017 $5,550 $155,900 $31,100 $124,800
2016 $5,363 $155,900 $31,100 $124,800
2015 $5,159 $155,900 $31,100 $124,800
2014 $4,834 $155,900 $31,100 $124,800
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    ESTHER LEE

    UNITED REAL ESTATE

See All Agents

Map

Source: Garden State MLS

MLS Number: 3488574

Garden State MLS

APN: 14-00681-0000-00029

New Jersey Essex County Newark 07104 North Broadway

506 Summer Ave Unit 2, Newark, NJ

This home is located at 506 Summer Ave Unit 2, Newark, NJ 07104 since 19 July 2018 and is currently estimated at $624,351. 506 Summer Ave Unit 2 is a home located in Essex County with nearby schools including Elliott Street Elementary School, Rafael Hernandez School, and Ridge Street Elementary School.

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