NOT LISTED FOR SALE

51 Summit Ave Unit B4 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $854,000 - $2,675,977

1 Bed
1 Bath
-- Sq Ft
6,360 Sq Ft Lot

About This Home

This home is located at 51 Summit Ave Unit B4, Newark, NJ 07112 and is currently estimated at $1,795,992. 51 Summit Ave Unit B4 is a home located in Essex County with nearby schools including Chancellor Avenue School, Hawthorne Avenue Elementary School, and Peshine Avenue Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2022
Sold by
Newark Holdings Tic 2 Llc
Bought by
Chws Estates Llc
Current Estimated Value
$1,795,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,006,250
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2015
Sold by
Osher Llc
Bought by
51 Summit Partners Llc

Purchase Details

Closed on
Jun 29, 2006
Sold by
Davis Philip
Bought by
Osher Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 1989
Sold by
Kaplan Lewis and Kaplan Elsa
Bought by
Davis Philip R and Davis Jeanette
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
Chws Estates Llc -- None Listed On Document
Newark Holdings Tic 2 Llc -- None Listed On Document
51 Summit Partners Llc -- None Available
Osher Llc $700,000 --
Davis Philip R $245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chws Estates Llc $6,495,000
Closed Ch Ws Estates Llc $2,006,250
Previous Owner 51 Summit Partners Llc $1,000,000
Previous Owner Osher Llc $525,000
Closed 51 Summit Partners Llc --
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 $19,386 $520,000 $320,000 $200,000
2024 $19,386 $520,000 $320,000 $200,000
2023 $19,427 $520,000 $320,000 $200,000
2022 $19,427 $520,000 $320,000 $200,000
2021 $19,417 $520,000 $320,000 $200,000
2020 $19,760 $520,000 $320,000 $200,000
2019 $19,557 $520,000 $320,000 $200,000
2018 $19,204 $520,000 $320,000 $200,000
2017 $24,742 $695,000 $320,000 $375,000
2016 $23,908 $695,000 $320,000 $375,000
2015 $22,998 $695,000 $320,000 $375,000
2014 $21,552 $695,000 $320,000 $375,000
Source: Public Records

Map

New Jersey Essex County Newark 07112 Weequahic

51 Summit Ave Unit B4, Newark, NJ

This home is located at 51 Summit Ave Unit B4, Newark, NJ 07112 and is currently estimated at $1,795,992. 51 Summit Ave Unit B4 is a home located in Essex County with nearby schools including Chancellor Avenue School, Hawthorne Avenue Elementary School, and Peshine Avenue 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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