NOT LISTED FOR SALE

70 Summer Ave Newark, NJ 07104

Seventh Avenue Neighborhood

Estimated Value: $514,000 - $750,000

-- Bed
-- Bath
2,448 Sq Ft
$259/Sq Ft Est. Value

Last Sold June 15, 2016

Last sale price $85,000 $35 Per Sq Ft

Est. 645% increase in value since last sale

Current estimated payment $4,075/month

350 Days on Market

About This Home

As of June 2016

This home is located at 70 Summer Ave, Newark, NJ 07104 since 17 April 2015 and is currently estimated at $632,935, approximately $258 per square foot. This property was built in 1952. 70 Summer Ave is a home located in Essex County with nearby schools including Franklin School, Rafael Hernandez School, and McKinley School.

Last Listed By

RALPH BARONE

NJ REO ASSET MANAGEMENT & REALTY Brokerage Phone: 973-429-0990 Listed on: 04/17/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,386

Year Built

  • 1952

Lot Details

  • 3,049 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,386

Year Built

1952

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 70
  • I D: 4526056
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 973-429-0990
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Lot Info

  • Lot Size: 30X100
  • Total Acres: 0.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2024
Sold by
Hmo Capital Llc
Bought by
Engel Newark 2 Llc
Total Days on Market
350
Current Estimated Value
$632,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Outstanding Balance
$586,640
Interest Rate
6.62%
Mortgage Type
Construction
Estimated Equity
$21,243

Purchase Details

Closed on
Mar 2, 2017
Sold by
Urban Capital Development 5 Llc
Bought by
Hmo Capital Llc

Purchase Details

Listed on
Apr 17, 2015
Closed on
Apr 28, 2016
Sold by
Nrz Reo Iii Corp
Bought by
Urban Capital Development 5 Llc
Seller's Agent
RALPH BARONE
NJ REO ASSET MANAGEMENT & REALTY
List Price
$124,900
Sold Price
$85,000
Premium/Discount to List
-$39,900
-31.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.55%

Purchase Details

Listed on
Apr 17, 2015
Closed on
Apr 27, 2016
Sold by
New Residential Mortgage Loan Trust 2014
Bought by
Nrz Reo Iii Corp
Seller's Agent
RALPH BARONE
NJ REO ASSET MANAGEMENT & REALTY
List Price
$124,900
Sold Price
$85,000
Premium/Discount to List
-$39,900
-31.95%

Purchase Details

Closed on
Jun 6, 2014
Sold by
Sheriff Armando Fontoura
Bought by
New Residential Mortgage Loan Trust

Purchase Details

Closed on
Jan 15, 2010
Sold by
Summer Homes Llc
Bought by
Williams Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,747
Interest Rate
4.95%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 8, 2008
Sold by
Indymac Federal Bank Fsb
Bought by
Summer Homes Llc

Purchase Details

Closed on
Apr 11, 2008
Sold by
Loyola Michael and Loyola Milagro
Bought by
Indymac Bank Fsb

Purchase Details

Closed on
Sep 29, 2005
Sold by
Diaza Pedro
Bought by
Loyola Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
5.78%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 26, 2001
Sold by
Estate Of Enedina Arroyo
Bought by
Diaza Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,750
Interest Rate
7.13%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Engel Newark 2 Llc $740,000 Cross Bridge Title
Hmo Capital Llc $88,000 None Available
Urban Capital Development 5 Llc $88,000 None Available
Nrz Reo Iii Corp -- None Available
New Residential Mortgage Loan Trust $100 --
New Residential Mortgage Loan Trust $100 --
Williams Antonio $290,000 None Available
Summer Homes Llc $65,000 North American Title Agency
Indymac Federal Bank Fsb -- North American Title Agency
Indymac Bank Fsb -- None Available
Loyola Michael $355,000 --
Diaza Pedro $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Engel Newark 2 Llc $592,000
Previous Owner 212 South Tenth Capital Llc $8,000,000
Previous Owner Williams Antonio $284,747
Previous Owner Loyola Michael $71,000
Previous Owner Loyola Michael $284,000
Previous Owner Diaza Pedro $142,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2016 06/15/16 Sold $85,000 -31.9% $35 / Sq Ft
04/01/2016 04/01/16 Pending -- -- --
04/17/2015 04/17/15 For Sale $124,900 -- $51 / Sq Ft
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
2024 $6,386 $171,300 $22,300 $149,000
2022 $6,400 $171,300 $22,300 $149,000
2021 $6,396 $171,300 $22,300 $149,000
2020 $6,509 $171,300 $22,300 $149,000
2019 $6,443 $171,300 $22,300 $149,000
2018 $6,326 $171,300 $22,300 $149,000
2017 $6,098 $171,300 $22,300 $149,000
2016 $5,893 $171,300 $22,300 $149,000
2015 $5,668 $171,300 $22,300 $149,000
2014 $5,312 $171,300 $22,300 $149,000
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: 3213844

Garden State MLS

APN: 14-00485-0000-00041

New Jersey Essex County Newark 07104 Seventh Avenue

70 Summer Ave, Newark, NJ

This home is located at 70 Summer Ave, Newark, NJ 07104 since 17 April 2015 and is currently estimated at $632,935, approximately $258 per square foot. This property was built in 1952. 70 Summer Ave is a home located in Essex County with nearby schools including Franklin School, Rafael Hernandez School, and McKinley School.

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