NOT LISTED FOR SALE

58 Summit Ave Unit 60 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $549,000 - $618,000

4 Beds
3 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold May 03, 2022

Last sale price $370,000

Est. 56% increase in value since last sale

Current estimated payment $3,919/month

32 Days on Market

About This Home

As of May 2022

This home is located at 58 Summit Ave Unit 60, Newark, NJ 07112 since 04 November 2021 and is currently estimated at $575,512. This property was built in 1929. 58 Summit Ave Unit 60 is a home located in Essex County with nearby schools including Chancellor Avenue School, Hawthorne Avenue Elementary School, and Peshine Avenue Elementary School.

Last Agent to Sell the Property

Gordon Crawford

KELLER WILLIAMS METROPOLITAN Brokerage Phone: 973-539-1120 Listed on: 11/04/2021

KELLER WILLIAMS METROPOLITAN

Last Buyer's Agent

CAROLYN CRAWFORD

1-888-NJ-REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,697

Year Built

  • Built in 1929

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,697

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Year Built: 1929
  • County Name: Essex
  • Street Number Display: 58
  • I D: 5112993
  • Modified: 2023-05-04
  • Number Images: 1
  • Attribution Contact: 973-539-1120
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 35X100
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
May 10, 2022
Sold by
Uzo Okafor
Bought by
Senatus Jimson J
Seller's Agent
Gordon Crawford
KELLER WILLIAMS METROPOLITAN
Buyer's Agent
CAROLYN CRAWFORD
1-888-NJ-REALTY
List Price
$360,000
Sold Price
$370,000
Premium/Discount to List
$10,000
2.78%
Current Estimated Value
$575,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,512
Avg. Annual Appreciation
13.59%
Original Mortgage
$296,000
Outstanding Balance
$282,045
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$285,737

Purchase Details

Listed on
Nov 4, 2021
Closed on
May 2, 2022
Sold by
Uzo Okafor
Bought by
Senatus Jimson J
Seller's Agent
Gordon Crawford
KELLER WILLIAMS METROPOLITAN
Buyer's Agent
CAROLYN CRAWFORD
1-888-NJ-REALTY
List Price
$360,000
Sold Price
$370,000
Premium/Discount to List
$10,000
2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Outstanding Balance
$282,045
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$285,737

Purchase Details

Closed on
Jul 1, 1988
Sold by
Howard Fields C
Bought by
Okafor Uzo
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
Senatus Jimson J $370,000 Seltzer Joel C
Senatus Jimson J $370,000 Seltzer Joel C
Okafor Uzo $75,000 --
Okafor Uzo $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Senatus Jimson J $296,000
Closed Senatus Jimson J $296,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2022 05/03/22 Sold $370,000 +2.8% --
12/06/2021 12/06/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $360,000 -- --
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 $9,697 $260,100 $27,300 $232,800
2024 $9,697 $260,100 $27,300 $232,800
2022 $6,437 $172,300 $27,300 $145,000
2021 $6,434 $172,300 $27,300 $145,000
2020 $6,547 $172,300 $27,300 $145,000
2019 $6,480 $172,300 $27,300 $145,000
2018 $6,363 $172,300 $27,300 $145,000
2017 $6,134 $172,300 $27,300 $145,000
2016 $5,927 $172,300 $27,300 $145,000
2015 $5,701 $172,300 $27,300 $145,000
2014 $5,343 $172,300 $27,300 $145,000
Source: Public Records

Agents Affiliated with this Home

  • Gordon Crawford

    Seller's Agent in 2022

    Gordon Crawford

    KELLER WILLIAMS METROPOLITAN

    (973) 615-1567

    1 in this area

    302 Total Sales

    Gordon Crawford
    Section Image

  • C

    Buyer's Agent in 2022

    CAROLYN CRAWFORD

    1-888-NJ-REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3750302

Garden State MLS

APN: 14-03728-0000-00013

New Jersey Essex County Newark 07112 Weequahic

58 Summit Ave Unit 60, Newark, NJ

This home is located at 58 Summit Ave Unit 60, Newark, NJ 07112 since 04 November 2021 and is currently estimated at $575,512. This property was built in 1929. 58 Summit Ave Unit 60 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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