NOT LISTED FOR SALE

567 Summer Ave Newark, NJ 07104

North Broadway Neighborhood

Estimated Value: $674,466 - $758,000

6 Beds
3 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold February 25, 2022

Last sale price $540,000

Est. 35% increase in value since last sale

Current estimated payment $5,043/month

22 Days on Market

About This Home

As of February 2022

This home is located at 567 Summer Ave, Newark, NJ 07104 since 27 October 2021 and is currently estimated at $728,117. 567 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

AUSTIN SMITH

EXP REALTY, LLC Brokerage Phone: 866-201-6210 Listed on: 10/27/2021

Last Buyer's Agent

Gloria Castano

BHGRE ELITE

BHGRE ELITE

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • County Name: Essex
  • I D: 5111926
  • Attribution Contact: 866-201-6210
  • 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
Oct 27, 2021
Closed on
Feb 22, 2022
Sold by
Nelson Cecille C
Bought by
567 Summer Avenue Llc
Seller's Agent
AUSTIN SMITH
EXP REALTY, LLC
Buyer's Agent
Gloria Castano
BHGRE ELITE
List Price
$499,000
Sold Price
$540,000
Premium/Discount to List
$41,000
8.22%
Current Estimated Value
$728,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,117
Avg. Annual Appreciation
7.92%
Original Mortgage
$405,000
Outstanding Balance
$376,705
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$351,412

Purchase Details

Closed on
Apr 20, 2020
Sold by
New Triumph Llc
Bought by
Nelson Cecille C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,112
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 28, 2019
Sold by
Padilla Ana
Bought by
New Triumph Llc

Purchase Details

Closed on
May 9, 2008
Sold by
Padilla Adela and Padilla Ana
Bought by
Padilla Ana and Padilla Adela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 1992
Sold by
Padilla Celso Sr
Bought by
Padilla Celso Jr and Ana Concepcion
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
567 Summer Avenue Llc $540,000 Stewart Title
Nelson Cecille C $430,000 Fidelity National Ttl Ins Co
New Triumph Llc $168,000 None Available
Padilla Ana -- None Available
Padilla Celso Jr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 567 Summer Avenue Llc $405,000
Previous Owner Nelson Cecille C $422,112
Previous Owner Padilla Ana $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2022 02/25/22 Sold $540,000 +3.8% --
11/18/2021 11/18/21 Pending -- -- --
11/10/2021 11/10/21 Price Changed $520,000 +4.2% --
10/27/2021 10/27/21 For Sale $499,000 -- --
Source: Garden State MLS

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 $14,144 $379,400 $26,100 $353,300
2024 $14,144 $379,400 $26,100 $353,300
2022 $10,973 $293,700 $26,100 $267,600
2021 $10,967 $293,700 $26,100 $267,600
2020 $5,077 $133,600 $26,100 $107,500
2019 $5,025 $133,600 $26,100 $107,500
2018 $4,934 $133,600 $26,100 $107,500
2017 $4,756 $133,600 $26,100 $107,500
2016 $4,596 $133,600 $26,100 $107,500
2015 $4,421 $133,600 $26,100 $107,500
2014 $4,143 $133,600 $26,100 $107,500
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    AUSTIN SMITH

    EXP REALTY, LLC

  • Gloria Castano

    Buyer's Agent in 2022

    Gloria Castano

    BHGRE ELITE

    (908) 413-2293

    3 in this area

    55 Total Sales

    Gloria Castano
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Map

Source: Garden State MLS

MLS Number: 3748746

Garden State MLS

APN: 14-00719-0000-00038

New Jersey Essex County Newark 07104 North Broadway

567 Summer Ave, Newark, NJ

Not Listed for Sale

MultiFamily

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