NOT LISTED FOR SALE

56 Summit Ave Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $528,000 - $592,000

-- Bed
-- Bath
2,710 Sq Ft
$208/Sq Ft Est. Value

About This Home

This home is located at 56 Summit Ave, Newark, NJ 07112 and is currently estimated at $563,790, approximately $208 per square foot. 56 Summit Ave 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
Nov 23, 2022
Sold by
Pb3 Renovations & Management Llc
Bought by
Wallace Erika
Current Estimated Value
$563,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
7.08%
Mortgage Type
VA
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Wallace Erika $450,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallace Ericka $427,213
Closed Wallace Erika $427,500
Previous Owner Gardner Gustine $225,000
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 $6,341 $170,100 $27,300 $142,800
2024 $6,341 $170,100 $27,300 $142,800
2022 $6,355 $170,100 $27,300 $142,800
2021 $6,352 $170,100 $27,300 $142,800
2020 $6,464 $170,100 $27,300 $142,800
2019 $6,397 $170,100 $27,300 $142,800
2018 $6,282 $170,100 $27,300 $142,800
2017 $6,056 $170,100 $27,300 $142,800
2016 $5,851 $170,100 $27,300 $142,800
2015 $5,629 $170,100 $27,300 $142,800
2014 $5,275 $170,100 $27,300 $142,800
Source: Public Records

Map

New Jersey Essex County Newark 07112 Weequahic

56 Summit Ave, Newark, NJ

This home is located at 56 Summit Ave, Newark, NJ 07112 and is currently estimated at $563,790, approximately $208 per square foot. 56 Summit Ave is a home located in Essex County with nearby schools including Chancellor Avenue School, Hawthorne Avenue Elementary School, and Peshine Avenue Elementary School.

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