NOT LISTED FOR SALE

Estimated Value: $888,378

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold December 22, 2021

Last sale price $640,000

Est. 39% increase in value since last sale

Current estimated payment $5,598/month

About This Home

As of December 2021

This home is located at 731 Summer Ave, Newark, NJ 07104 since 21 December 2021 and is currently estimated at $888,378. This property was built in 2021. 731 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.

Last Agent to Sell the Property

JULIANA GIBBS

RE/MAX SELECT Brokerage Phone: 973-762-5400 Listed on: 12/21/2021

Co-Listed By

PAUL TEIXEIRA

RE/MAX SELECT Brokerage Phone: 973-762-5400

Last Buyer's Agent

JULIANA GIBBS

RE/MAX SELECT Brokerage Phone: 973-762-5400 Listed on: 12/21/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2021

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Year Built: 2021
  • County Name: Essex
  • Street Number Display: 731
  • I D: 5079312
  • Modified: 2022-12-23
  • Number Images: 12
  • Attribution Contact: 973-762-5400
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2021
Closed on
Oct 28, 2021
Sold by
731 Summer Avenue Llc
Bought by
Humphreys Danielle
Seller's Agent
JULIANA GIBBS
RE/MAX SELECT
Buyer's Agent
JULIANA GIBBS
RE/MAX SELECT
List Price
$417,000
Sold Price
$640,000
Premium/Discount to List
$223,000
53.48%
Current Estimated Value
$888,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,378
Avg. Annual Appreciation
9.06%
Original Mortgage
$544,000
Outstanding Balance
$498,482
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$389,896

Purchase Details

Closed on
Sep 22, 2020
Sold by
City Of Newark
Bought by
731 Summer Avenue Llc

Purchase Details

Closed on
Jul 18, 2000
Sold by
Homecomings Financial Network
Bought by
Homebuying Center Of America

Purchase Details

Closed on
Jun 13, 1997
Sold by
Mclaughlin Mary Mc
Bought by
Whitehead Jessie and Whitehead Lamont

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.86%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Humphreys Danielle $640,000 Old Republic National
731 Summer Avenue Llc $10,000 Foundation Title Llc
Homebuying Center Of America $80,000 --
Homebuying Center Of America $80,000 --
Whitehead Jessie $82,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Humphreys Danielle $544,000
Previous Owner Whitehead Jessie $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $640,000 0.0% --
12/21/2021 12/21/21 Price Changed $640,000 +53.5% --
12/21/2021 12/21/21 Pending -- -- --
12/21/2021 12/21/21 For Sale $417,000 -- --
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 -- $424,200 $24,800 $399,400
2024 -- $424,200 $24,800 $399,400
2022 $926 $424,200 $24,800 $399,400
2021 $926 $24,800 $24,800 $0
2020 $0 $43,300 $24,800 $18,500
2019 $0 $43,300 $24,800 $18,500
2018 $0 $43,300 $24,800 $18,500
2017 $0 $43,300 $24,800 $18,500
2016 $0 $43,300 $24,800 $18,500
2015 $1,433 $43,300 $24,800 $18,500
2014 $1,343 $43,300 $24,800 $18,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3756571

Garden State MLS

APN: 14-00775-0000-00002