NOT LISTED FOR SALE

71 Summit Ave Unit 3 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $565,000 - $632,000

Studio
3 Baths
-- Sq Ft
4,356 Sq Ft Lot Lot

Sale Details

Date Sold: February 16, 2024

Last sale price $505,000

Est. 20% increase in value since last sale

Current estimated payment $3,900 / mo

41 Days on Market

About This Home

As of February 2024

This home is located at 71 Summit Ave Unit 3, Newark, NJ 07112 since 21 September 2023 and is currently estimated at $606,682. 71 Summit Ave Unit 3 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

RICHARD OVEDHE

RE/MAX NEW MILLENNIUM GROUP Brokerage Phone: 908-282-1234 Listed on: 09/21/2023

RE/MAX NEW MILLENNIUM GROUP

Last Buyer's Agent

Bree'lyn McDowell

KELLER WILLIAMS - NJ METRO GROUP

KELLER WILLIAMS - NJ METRO GROUP

Property Details

Home Type

  • Multi-Family

Lot Details

  • 4,356 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

4,356 Sq Ft Lot

Listing Details

  • County Name: Essex
  • I D: 5245875
  • Attribution Contact: 908-282-1234
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 40X104
  • Total Acres: 0.10

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

Listed on
Sep 21, 2023
Closed on
Jan 26, 2024
Sold by
Bought by
Seller's Agent
RICHARD OVEDHE
RE/MAX NEW MILLENNIUM GROUP
Buyer's Agent
Bree'lyn McDowell
KELLER WILLIAMS - NJ METRO GROUP
List Price
$509,999
Sold Price
$505,000
Premium/Discount to List
-$4,999
-0.98%
Views
100
Current Estimated Value
$606,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,682
Avg. Annual Appreciation
8.30%
Original Mortgage
$567,042
Outstanding Balance
$557,115
Interest Rate
6.66%
Estimated Equity
$49,567

Purchase Details

Closed on
Oct 30, 2021
Sold by
Bought by

Purchase Details

Closed on
Aug 26, 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
$200,000
Interest Rate
5.92%
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
$520,000 Atlantic Title & Settlement
-- None Available
$250,000 --
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 $567,042
Closed $567,042
Previous Owner $200,000
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
02/16/2024 02/16/24 Sold $505,000 -1.0% --
11/01/2023 11/01/23 Pending -- -- --
09/21/2023 09/21/23 For Sale $509,999 -- --
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
2025 $7,519 $197,700 $28,500 $169,200
2024 $7,370 $197,700 $28,500 $169,200
2022 $7,386 $197,700 $28,500 $169,200
2021 $7,382 $197,700 $28,500 $169,200
2020 $7,513 $197,700 $28,500 $169,200
2019 $7,436 $197,700 $28,500 $169,200
2018 $7,301 $197,700 $28,500 $169,200
2017 $7,038 $197,700 $28,500 $169,200
2016 $6,801 $197,700 $28,500 $169,200
2015 $6,542 $197,700 $28,500 $169,200
2014 $6,131 $197,700 $28,500 $169,200
Source: Public Records

Agents Affiliated with this Home

  • RICHARD OVEDHE

    Seller's Agent in 2024

    RICHARD OVEDHE

    RE/MAX

    (862) 241-7231

    3 in this area

    28 Total Sales

    RICHARD OVEDHE
    Section Image

  • B

    Buyer's Agent in 2024

    Bree'lyn McDowell

    KELLER WILLIAMS - NJ METRO GROUP

    (908) 616-4562

    1 in this area

    15 Total Sales

    Bree'lyn McDowell
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3865999

Garden State MLS

APN: 14-03721-0000-00026

New Jersey Essex County Newark 07112 Weequahic

71 Summit Ave Unit 3, Newark, NJ

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