NOT LISTED FOR SALE

72 Summer Ave Unit 2 Newark, NJ 07104

Seventh Avenue Neighborhood

Estimated Value: $481,000 - $625,000

-- Bed
3 Baths
-- Sq Ft
1,307 Sq Ft Lot

Last Sold July 27, 2021

Last sale price $425,000

Est. 28% increase in value since last sale

Current estimated payment $3,659/month

19 Days on Market

About This Home

As of July 2021

Beautiful and spacious apartment on Summer Ave with 2 bedrooms and a third space ideal for an office or storage, 1 bathroom, 1 living room, 1 large kitchen, and 1 balcony with an accessible backyard.
The rooms are located one after another. This layout is ideal for those looking for a home office, since the third space can be used as such.
Key Features:
•Modern Kitchen: Granite countertops, stainless steel microwave, and stove/oven.
•Elegant Wooden Floors: Warm and sophisticated throughout.
•Private Balcony & Shared Backyard: Perfect for relaxing or outdoor enjoyment.
•Functional Layout: Adjacent bedrooms provide a flexible arrangement, ideal for privacy or a work-from-home setup.
Details:
•Rent: $1,950/month (no real estate agent commission!).
•Move-in: 1st month + 1.5 months security deposit.
•Lease: 1 year.
•Income: Min. $55K/year household income (2.5x rent).
•Pets: Up to 2 small dogs or cats allowed (fee applies).
•Utilities: Owner covers cold water; tenants pay the rest.
Contact us today to schedule a tour or learn more!

Last Agent to Sell the Property

ZIAD AGEEB

KELLER WILLIAMS CITY LIFE REALTY Brokerage Phone: 201-659-8600 Listed on: 04/22/2021

Last Buyer's Agent

CELADAWN REID

KELLER WILLIAMS ELITE REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,063

Lot Details

  • 1,307 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,063

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 72 1/2
  • I D: 5065369
  • Modified: 2022-07-28
  • Number Images: 0
  • Attribution Contact: 201-659-8600
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 15X100
  • Total Acres: 0.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 7, 2021
Sold by
Marmora Anthony M and Marmora Merilyn
Bought by
Anapan-Lavalle Hector A
Current Estimated Value
$545,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Outstanding Balance
$237,406
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$308,185

Purchase Details

Closed on
May 13, 2019
Sold by
Yerkes Francesca
Bought by
J & E Smart Investments Llc

Purchase Details

Closed on
Aug 4, 2016
Sold by
Lbnj Llc
Bought by
Forest Hills Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Black Trident Investments Llc

Purchase Details

Closed on
Jul 15, 2009
Sold by
Ramos Luis A
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Jan 3, 2005
Sold by
Tigrero Sixto
Bought by
Ramos Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,925
Interest Rate
5.81%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 20, 2003
Sold by
Federal National Mortgage
Bought by
Mountain View Lakes Consul

Purchase Details

Closed on
Mar 8, 2001
Sold by
Persad Tara
Bought by
Faison Deborah Davy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,870
Interest Rate
6.93%

Purchase Details

Closed on
Jan 3, 1992
Sold by
Burgos June E and Burgos Mendez,Awilda
Bought by
Aleman Francis
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Anapan-Lavalle Hector A $280,000 Maguire Title
J & E Smart Investments Llc $176,000 --
Forest Hills Holdings Llc $62,000 Ctl Title Ins Agency Inc
Black Trident Investments Llc $51,500 Fidelity Natl Title Ins Co
Hsbc Bank Usa National Association -- None Available
Ramos Luis $199,000 --
Mountain View Lakes Consul $97,000 --
Faison Deborah Davy $114,600 --
Aleman Francis $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anapan-Lavalle Hector A $266,000
Previous Owner Forest Hills Holdings Llc $650,000
Previous Owner Ramos Luis $195,925
Previous Owner Faison Deborah Davy $108,870
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/20/2025 01/20/25 For Rent $1,950 0.0% --
07/27/2021 07/27/21 Sold $425,000 -0.2% --
05/11/2021 05/11/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $426,000 -- --
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 $9,063 $243,100 $19,800 $223,300
2024 $9,063 $243,100 $19,800 $223,300
2022 $9,082 $243,100 $19,800 $223,300
2021 $6,281 $168,200 $19,800 $148,400
2020 $6,392 $168,200 $19,800 $148,400
2019 $4,513 $120,000 $19,800 $100,200
2018 $4,432 $120,000 $19,800 $100,200
2017 $4,272 $120,000 $19,800 $100,200
2016 $4,128 $120,000 $19,800 $100,200
2015 $3,971 $120,000 $19,800 $100,200
2014 $3,721 $120,000 $19,800 $100,200
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2021

    ZIAD AGEEB

    KELLER WILLIAMS CITY LIFE REALTY

  • C

    Buyer's Agent in 2021

    CELADAWN REID

    KELLER WILLIAMS ELITE REALTORS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3706826

Garden State MLS

APN: 14-00485-0000-00042

New Jersey Essex County Newark 07104 Seventh Avenue

72 Summer Ave Unit 2, Newark, NJ

This home is located at 72 Summer Ave Unit 2, Newark, NJ 07104 since 22 April 2021 and is currently estimated at $545,591. 72 Summer Ave Unit 2 is a home located in Essex County with nearby schools including Franklin School, Rafael Hernandez School, and McKinley 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.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes