$700,000
SOLD MAY 16, 2025
-- Bed
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Recently Sold

12% Below List Price

591 Days on Market

About This Home

As of May 2025

This home is located at 539 Summer Ave, Newark, NJ 07104 and is currently priced at $700,000. This property was built in 1920. 539 Summer Ave 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

ELIZABETH GABRIEL

JEREMIAH'S REALTY Brokerage Phone: 201-773-8977 Listed on: 09/09/2023

Last Buyer's Agent

KIMBERLY A SOLOMON

LIFESTYLE INTERNATIONAL REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,001

Year Built

  • Built in 1920

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,001

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Year Built: 1920
  • County Name: Essex
  • Street Number Display: 539
  • I D: 5243964
  • Modified: 2025-05-16
  • Number Images: 0
  • Attribution Contact: 201-773-8977
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 34X100
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2023
Closed on
May 15, 2025
Sold by
Cardona Barrios Fecunda Virgilia
Bought by
Harris Floyd and Lewis Tannin
Seller's Agent
ELIZABETH GABRIEL
JEREMIAH'S REALTY
Buyer's Agent
KIMBERLY A SOLOMON
LIFESTYLE INTERNATIONAL REALTY
List Price
$800,000
Sold Price
$700,000
Premium/Discount to List
-$100,000
-12.5%
Views
130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.44%
Original Mortgage
$560,000
Outstanding Balance
$559,507
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$125,231

Purchase Details

Listed on
Sep 9, 2023
Closed on
May 12, 2025
Sold by
Ortiz Maria A
Bought by
Harris Floyd and Lewis Tannin
Seller's Agent
ELIZABETH GABRIEL
JEREMIAH'S REALTY
Buyer's Agent
KIMBERLY A SOLOMON
LIFESTYLE INTERNATIONAL REALTY
List Price
$800,000
Sold Price
$700,000
Premium/Discount to List
-$100,000
-12.5%
Views
130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Outstanding Balance
$559,507
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$125,231

Purchase Details

Closed on
Aug 4, 2023
Sold by
Ortiz Maria A and Cardona Hector A
Bought by
Ortiz Maria A

Purchase Details

Closed on
Feb 15, 2022
Sold by
Gregorio Cardona Victor
Bought by
Ortiz Maria A and Cardona Hector A

Purchase Details

Closed on
Jul 19, 2016
Sold by
Flores Josefa Toro and Ruiz Josefa
Bought by
Cardona Victor Gregorio

Purchase Details

Closed on
Apr 17, 1986
Bought by
Toro Josefa Flores
Source: Public Records

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Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed -- Surety Title
Bargain Sale Deed $700,000 Surety Title
Deed -- None Listed On Document
Deed -- None Listed On Document
Deed -- None Available
Deed $4,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $560,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Sold $700,000 0.0% --
04/28/2025 04/28/25 Pending -- -- --
02/14/2025 02/14/25 Price Changed $700,000 -12.5% --
01/24/2025 01/24/25 For Sale $800,000 0.0% --
11/10/2024 11/10/24 Off Market $800,000 -- --
11/07/2024 11/07/24 Price Changed $800,000 0.0% --
11/07/2024 11/07/24 For Sale $800,000 +34.5% --
10/02/2023 10/02/23 Pending -- -- --
09/15/2023 09/15/23 For Sale $595,000 -- --
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
2024 $7,001 $187,800 $28,300 $159,500
2022 $7,016 $187,800 $28,300 $159,500
2021 $7,012 $187,800 $28,300 $159,500
2020 $7,136 $187,800 $28,300 $159,500
2019 $7,063 $187,800 $28,300 $159,500
2018 $6,935 $187,800 $28,300 $159,500
2017 $6,686 $187,800 $28,300 $159,500
2016 $6,460 $187,800 $28,300 $159,500
2015 $6,214 $187,800 $28,300 $159,500
2014 $5,824 $187,800 $28,300 $159,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3863943

Garden State MLS

APN: 14-00680-0000-00060