NOT LISTED FOR SALE

561 Summer Ave Newark, NJ 07104

North Broadway Neighborhood

Estimated Value: $646,105 - $800,000

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold January 31, 2019

Last sale price $380,000

Est. 87% increase in value since last sale

Current estimated payment $4,678/month

109 Days on Market

About This Home

As of January 2019

This home is located at 561 Summer Ave, Newark, NJ 07104 since 13 August 2018 and is currently estimated at $710,276. This property was built in 1997. 561 Summer Ave is a home located in Essex County with nearby schools including Elliott Street Elementary School, Ridge Street Elementary School, and Rafael Hernandez School.

Last Agent to Sell the Property

ROBERTA WOISKY

OPTION 1 REALTY GROUP, LLC Brokerage Phone: 973-623-1001 Listed on: 08/13/2018

Last Buyer's Agent

ROBERTA WOISKY

OPTION 1 REALTY GROUP, LLC Brokerage Phone: 973-623-1001 Listed on: 08/13/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,693

Year Built

  • Built in 1997

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,693

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Year Built: 1997
  • County Name: Essex
  • Street Number Display: 561
  • I D: 4829748
  • Modified: 2020-02-01
  • Number Images: 1
  • Attribution Contact: 973-623-1001
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2018
Closed on
Jan 31, 2019
Sold by
561 Summer Ave Llc
Bought by
Calcedo Danny
Seller's Agent
ROBERTA WOISKY
OPTION 1 REALTY GROUP, LLC
Buyer's Agent
ROBERTA WOISKY
OPTION 1 REALTY GROUP, LLC
List Price
$379,000
Sold Price
$380,000
Premium/Discount to List
$1,000
0.26%
Current Estimated Value
$710,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,276
Avg. Annual Appreciation
7.64%

Purchase Details

Closed on
Aug 6, 2018
Sold by
Homnebridge Financial Svc
Bought by
561 Summer Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,600
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2018
Sold by
Ceballos-Morales Rosemmil
Bought by
Homebnridge Financial Svc

Purchase Details

Closed on
May 4, 2006
Sold by
Ramos Fidel
Bought by
Velez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
6.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 26, 1997
Sold by
Abreau Armando
Bought by
Ramos Fidel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
7.47%

Purchase Details

Closed on
Dec 11, 1991
Sold by
City Of Newark
Bought by
Abreu Armando
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Homebnridge Financial Svc -- --
Velez Jose $420,000 --
Ramos Fidel $175,000 --
Abreu Armando $2,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 561 Summer Ave Llc $237,600
Previous Owner 561 Summer Ave Llc $237,600
Previous Owner Velez Jose $336,000
Previous Owner Ramos Fidel $184,700
Previous Owner Ramos Fidel $166,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2019 01/31/19 Sold $380,000 +0.3% --
11/30/2018 11/30/18 Pending -- -- --
08/13/2018 08/13/18 For Sale $379,000 -- --
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 $9,693 $260,000 $26,100 $233,900
2024 $9,693 $260,000 $26,100 $233,900
2022 $9,714 $260,000 $26,100 $233,900
2021 $9,708 $260,000 $26,100 $233,900
2020 $9,880 $260,000 $26,100 $233,900
2019 $8,726 $232,000 $26,100 $205,900
2018 $8,568 $232,000 $26,100 $205,900
2017 $8,259 $232,000 $26,100 $205,900
2016 $7,981 $232,000 $26,100 $205,900
2015 $7,677 $232,000 $26,100 $205,900
2014 $7,194 $232,000 $26,100 $205,900
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    ROBERTA WOISKY

    OPTION 1 REALTY GROUP, LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3494468

Garden State MLS

APN: 14-00680-0000-00071

New Jersey Essex County Newark 07104 North Broadway

561 Summer Ave, Newark, NJ

This home is located at 561 Summer Ave, Newark, NJ 07104 since 13 August 2018 and is currently estimated at $710,276. This property was built in 1997. 561 Summer Ave is a home located in Essex County with nearby schools including Elliott Street Elementary School, Ridge Street Elementary School, and Rafael Hernandez School.

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