NOT LISTED FOR SALE

62 Summit Ave Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $508,000 - $589,000

-- Bed
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Last Sold November 15, 2016

Last sale price $95,000

Est. 487% increase in value since last sale

Current estimated payment $3,542/month

46 Days on Market

About This Home

As of November 2016

This home is located at 62 Summit Ave, Newark, NJ 07112 since 28 July 2016 and is currently estimated at $557,778. This property was built in 1927. 62 Summit Ave 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

RALPH BARONE

NJ REO ASSET MANAGEMENT & REALTY Brokerage Phone: 973-429-0990 Listed on: 07/28/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,319

Year Built

  • Built in 1927

Lot Details

  • 3,485 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,319

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Year Built: 1927
  • County Name: Essex
  • Street Number Display: 62
  • I D: 4646295
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 973-429-0990
  • 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

Closed on
Jun 27, 2015
Sold by
Castle Peak 2012 1 Loan Trust and Fontoura Armando B
Bought by
Brown Stephanie
Current Estimated Value
$557,778

Purchase Details

Closed on
Jun 21, 2006
Sold by
Grier Charles
Bought by
Brown Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
9.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Brown Stephanie -- None Available
Brown Stephanie $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Stephanie $256,500
Previous Owner Brown Stephanie $225,000
Previous Owner Grier Charles $0
Closed Brown Stephanie --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2016 11/15/16 Sold $95,000 -4.9% --
09/12/2016 09/12/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $99,900 -- --
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 $6,319 $169,500 $27,300 $142,200
2024 $6,319 $169,500 $27,300 $142,200
2022 $6,333 $169,500 $27,300 $142,200
2021 $6,329 $169,500 $27,300 $142,200
2020 $6,441 $169,500 $27,300 $142,200
2019 $6,375 $169,500 $27,300 $142,200
2018 $6,260 $169,500 $27,300 $142,200
2017 $6,034 $169,500 $27,300 $142,200
2016 $5,831 $169,500 $27,300 $142,200
2015 $5,609 $169,500 $27,300 $142,200
2014 $5,256 $169,500 $27,300 $142,200
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    RALPH BARONE

    NJ REO ASSET MANAGEMENT & REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3325587

Garden State MLS

APN: 14-03728-0000-00014

New Jersey Essex County Newark 07112 Weequahic

62 Summit Ave, Newark, NJ

This home is located at 62 Summit Ave, Newark, NJ 07112 since 28 July 2016 and is currently estimated at $557,778. This property was built in 1927. 62 Summit Ave 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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