NOT LISTED FOR SALE

697 Summer Ave Newark, NJ 07104

North Broadway Neighborhood

Estimated Value: $862,942

-- Bed
-- Bath
-- Sq Ft
2,526 Sq Ft Lot

About This Home

This home is located at 697 Summer Ave, Newark, NJ 07104 and is currently estimated at $862,942. 697 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2022
Sold by
Chea Steven L
Bought by
697 Summer Ave Llc
Current Estimated Value
$862,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Outstanding Balance
$467,145
Interest Rate
4.99%
Mortgage Type
Construction
Estimated Equity
$395,797

Purchase Details

Closed on
Apr 8, 2016
Sold by
Delane Jerry E
Bought by
Chea Steven L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,654
Interest Rate
3.68%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 18, 2011
Sold by
Secretary Of Housing & Urban Development
Bought by
Delane Jerry E

Purchase Details

Closed on
Jul 13, 2010
Sold by
Polanco Ely S and Polanco Zaida E
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Dec 3, 2004
Sold by
Valladolid Santos
Bought by
Polanco Ely and Polanco Zaida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,550
Interest Rate
5.71%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 17, 1998
Sold by
Garcia Humberto
Bought by
Sarango Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,250
Interest Rate
6.83%
Mortgage Type
FHA
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.

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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.

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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.

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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.

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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
697 Summer Ave Llc $700,000 First American Title
Chea Steven L $280,000 None Available
Delane Jerry E $76,000 None Available
Secretary Of Housing & Urban Development -- None Available
Polanco Ely $357,000 --
Sarango Jorge $142,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 697 Summer Ave Llc $490,000
Previous Owner Chea Steven L $281,654
Previous Owner Polanco Ely $356,550
Previous Owner Sarango Jorge $152,250
Source: Public Records

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 $7,478 $200,600 $42,500 $158,100
2024 $7,478 $200,600 $42,500 $158,100
2022 $7,494 $200,600 $42,500 $158,100
2021 $7,490 $200,600 $42,500 $158,100
2020 $8,683 $228,500 $42,500 $186,000
2019 $8,594 $228,500 $42,500 $186,000
2018 $8,439 $228,500 $42,500 $186,000
2017 $8,135 $228,500 $42,500 $186,000
2016 $7,860 $228,500 $42,500 $186,000
2015 $7,561 $228,500 $42,500 $186,000
2014 $7,086 $228,500 $42,500 $186,000
Source: Public Records

Map

New Jersey Essex County Newark 07104 North Broadway

697 Summer Ave, Newark, NJ

This home is located at 697 Summer Ave, Newark, NJ 07104 and is currently estimated at $862,942. 697 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.

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.

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