$510,000
SOLD AUG 19, 2025

574 Summer Ave Unit 576 Newark, NJ 07104

North Broadway Neighborhood
-- Bed
-- Bath
-- Sq Ft
6,534 Sq Ft Lot

Recently Sold

4 Days on Market

About This Home

As of August 2025

This home is located at 574 Summer Ave Unit 576, Newark, NJ 07104 and is currently priced at $510,000. 574 Summer Ave Unit 576 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

Francis Joissim

PEARL GATE REALTY Brokerage Phone: 973-667-4100 Listed on: 01/31/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,133

Lot Details

  • 6,534 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,133

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 574
  • I D: 5335650
  • Modified: 2025-08-20
  • Number Images: 0
  • Attribution Contact: 973-667-4100
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 50X130.8
  • Total Acres: 0.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2025
Closed on
Aug 11, 2025
Sold by
Velez Cesar and Gavidia Carmen
Bought by
Moroc Ramon Eladio Felipe
Seller's Agent
Francis Joissim
PEARL GATE REALTY
List Price
$510,000
Sold Price
$510,000
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1153.36%
Original Mortgage
$408,000
Outstanding Balance
$407,643
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$216,690

Purchase Details

Closed on
Jun 22, 1993
Bought by
Velez Cesar and Velez Carmen

Purchase Details

Closed on
Jun 15, 1993
Sold by
Velez Cesar and Velez Carmen
Bought by
Velez Cesar and Velez Carmen
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bargain Sale Deed $510,000 New Horizon Abstract
Deed $40,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $408,000 New Conventional
Previous Owner $80,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 Sold $510,000 -8.9% --
05/22/2025 05/22/25 Price Changed $560,000 +9.8% --
02/04/2025 02/04/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $510,000 -- --
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 $6,133 $164,500 $35,900 $128,600
2024 $6,133 $164,500 $35,900 $128,600
2022 $6,146 $164,500 $35,900 $128,600
2021 $6,142 $164,500 $35,900 $128,600
2020 $6,251 $164,500 $35,900 $128,600
2019 $6,187 $164,500 $35,900 $128,600
2018 $6,075 $164,500 $35,900 $128,600
2017 $5,856 $164,500 $35,900 $128,600
2016 $5,659 $164,500 $35,900 $128,600
2015 $5,443 $164,500 $35,900 $128,600
2014 $5,101 $164,500 $35,900 $128,600
Source: Public Records

Agents Affiliated with this Home

  • Francis Joissim

    Seller's Agent in 2025

    Francis Joissim

    PEARL GATE REALTY

    (973) 519-1200

    3 in this area

    53 Total Sales

    Francis Joissim
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3943830

Garden State MLS

APN: 14-00718-0000-00030

New Jersey Essex County Newark 07104 North Broadway

574 Summer Ave Unit 576, Newark, NJ

This home is located at 574 Summer Ave Unit 576, Newark, NJ 07104 and is currently priced at $510,000. 574 Summer Ave Unit 576 is a home located in Essex County with nearby schools including Elliott Street Elementary School, Ridge Street Elementary School, and Rafael Hernandez 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.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes