NOT LISTED FOR SALE

574 Summer Ave Unit 576 Newark, NJ 07104

North Broadway Neighborhood

Estimated Value: $481,000 - $813,000

Studio
-- Baths
-- Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: August 19, 2025

Last sale price $510,000

Est. 22% increase in value since last sale

Current estimated payment $3,973 / mo

4 Days on Market

About This Home

As of August 2025

This home is located at 574 Summer Ave Unit 576, Newark, NJ 07104 since 31 January 2025 and is currently estimated at $620,860. 574 Summer Ave Unit 576 is a home located in Essex County with nearby schools including Elliott Street Elementary School, Rafael Hernandez School, and Franklin School.

Last Agent to Sell the Property

Francis Joissim

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

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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Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,534 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

6,534 Sq Ft Lot

Listing Details

  • County Name: Essex
  • I D: 5335650
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Seller's Agent
Francis Joissim
PEARL GATE REALTY
List Price
$510,000
Sold Price
$510,000
Views
8
Current Estimated Value
$620,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,860
Avg. Annual Appreciation
20.39%
Original Mortgage
$408,000
Outstanding Balance
$404,341
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$216,519

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in North Broadway, NJ

  • Fernando Leyva Real Estate Agent - Compass New Jersey, LLC-Ridgewood

    Fernando Leyva

    Compass New Jersey, LLC-Ridgewood

    (551) 303-7085

    93 Total Sales

    4 in North Broadway

    $210K - $625K Price Range

    Fernando Leyva
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  • Carlos Alex Jesus Real Estate Agent - CENTURY 21 VENTURE REAL ESTATE

    Carlos Alex Jesus

    Responds Quickly

    CENTURY 21 VENTURE REAL ESTATE

    (862) 352-7762

    69 Total Sales

    2 in North Broadway

    $528,000 Price Range

    Carlos Alex Jesus
     Section Image
  • Mario Aristizabal Real Estate Agent - Coldwell Banker Liberty

    Mario Aristizabal

    Coldwell Banker Liberty

    (908) 356-5772

    40 Total Sales

    1 in North Broadway

    $560,000 Price

    Mario Aristizabal
     Section Image
  • Jaime Feliz Real Estate Agent - United Real Estate

    Jaime Feliz

    United Real Estate

    (862) 319-8206

    17 Total Sales

    1 in North Broadway

    $620,000 Price

    Jaime Feliz
     Section Image
  • Mackenson Bonnet Real Estate Agent - WEICHERT REALTORS

    Mackenson Bonnet

    WEICHERT REALTORS

    (862) 272-3446

    62 Total Sales

    1 in North Broadway

    $665,000 Price

    Mackenson Bonnet
     Section Image
  • Stephen Buch Real Estate Agent - YALE KENT, LLC.

    Stephen Buch

    YALE KENT, LLC.

    (973) 604-2313

    11 Total Sales

    1 in North Broadway

    $615,000 Price

    Stephen Buch
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$510,000 New Horizon Abstract
Velez Cesar $40,000 --
Velez Cesar -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $408,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,578 $164,500 $35,900 $128,600
2025 $6,578 $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 Real Estate Agent - PEARL GATE REALTY

    Seller's Agent in 2025

    Francis Joissim

    PEARL GATE REALTY

    (973) 519-1200

    3 in this area

    44 Total Sales

    Francis Joissim
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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

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