NOT LISTED FOR SALE

70 Summer Ave Newark, NJ 07104

Seventh Avenue Neighborhood

Estimated Value: $466,000 - $787,615

Studio
-- Bath
2,448 Sq Ft
$282/Sq Ft Est. Value

Sale Details

Date Sold: June 15, 2016

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

Est. 712% increase in value since last sale

Current estimated payment $4,321 / mo

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 $690,154, approximately $281 per square foot. 70 Summer Ave is a home located in Essex County with nearby schools including Franklin School, Rafael Hernandez School, and McKinley School.

Last Agent to Sell the Property

RALPH BARONE

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

Property Details

Home Type

  • Multi-Family

Lot Details

  • 3,049 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

3,049 Sq Ft Lot

Listing Details

  • County Name: Essex
  • I D: 4526056
  • Attribution Contact: 973-429-0990
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 30X100
  • Total Acres: 0.07

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

Closed on
Jan 16, 2024
Sold by
Bought by
Current Estimated Value
$690,154

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
Interest Rate
0.0662%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 2, 2017
Sold by
Bought by

Purchase Details

Listed on
Apr 17, 2015
Closed on
Apr 28, 2016
Sold by
Bought by
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
23.02%

Purchase Details

Listed on
Apr 17, 2015
Closed on
Apr 27, 2016
Sold by
Bought by
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
Bought by

Purchase Details

Closed on
Jan 15, 2010
Sold by
Bought by

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
0.0537%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 8, 2008
Sold by
Bought by

Purchase Details

Closed on
Apr 11, 2008
Sold by
Bought by

Purchase Details

Closed on
Sep 29, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
0.0628%

Purchase Details

Closed on
Jan 26, 2001
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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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

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
$740,000 Cross Bridge Title
$88,000 None Available
$88,000 None Available
-- None Available
$100 --
$100 --
$290,000 None Available
-- North American Title Agency
$65,000 North American Title Agency
-- None Available
$355,000 --
$145,000 --
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 $592,000
Previous Owner $284,747
Previous Owner $284,000
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
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

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 $6,850 $171,300 $22,300 $149,000
2025 $6,850 $171,300 $22,300 $149,000
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

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