NOT LISTED FOR SALE

746 Summer Ave Newark, NJ 07104

North Broadway Neighborhood

Estimated Value: $629,000 - $851,000

6 Beds
2 Baths
-- Sq Ft
3,223 Sq Ft Lot

Last Sold July 22, 2022

Last sale price $550,000

Est. 28% increase in value since last sale

Current estimated payment $4,442/month

178 Days on Market

About This Home

As of July 2022

This home is located at 746 Summer Ave, Newark, NJ 07104 since 11 January 2022 and is currently estimated at $704,122. 746 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

Luis Leiva

EXP Realty, LLC Listed on: 01/11/2022

EXP Realty, LLC

Last Buyer's Agent

Michael Tejada

RE/MAX SELECT - Montclair

RE/MAX SELECT - Montclair

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,501

Lot Details

  • 3,223 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00049 / 00777

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,501

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 866-201-6210
  • MLS Status: Sold - Sold
  • Directions: Google Maps
  • Architectural Style: 2 Family
  • Year Built Details: 1990's,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 6

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Utilities

  • Utilities: Natural Gas Connected

Lot Info

  • Lot Size Sq Ft: 3223.0

Tax Info

  • Tax Annual Amount: 7501.0
  • Tax Block: 00777
  • Tax Lot: 00049

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2022
Closed on
Jul 7, 2022
Sold by
Leiva-Martinez Luis O
Bought by
Murray Tafari
Seller's Agent
Luis Leiva
EXP Realty, LLC
Buyer's Agent
Michael Tejada
RE/MAX SELECT - Montclair
List Price
$510,000
Sold Price
$550,000
Premium/Discount to List
$40,000
7.84%
Current Estimated Value
$704,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,122
Avg. Annual Appreciation
8.27%
Original Mortgage
$540,038
Outstanding Balance
$515,274
Interest Rate
5.09%
Mortgage Type
FHA
Estimated Equity
$188,848

Purchase Details

Closed on
Jun 29, 2020
Sold by
Summer Ventures Llc
Bought by
Leiva Martinez Luis O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2018
Closed on
Mar 13, 2019
Sold by
Fiejoo Freddy and Feijo Freddy
Bought by
Summer Ventures Llc
Seller's Agent
LUIS LEIVA
EXP REALTY, LLC
Buyer's Agent
SOPHY RAMIREZ
EXP REALTY, LLC
List Price
$399,999
Sold Price
$225,000
Premium/Discount to List
-$174,999
-43.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.45%

Purchase Details

Closed on
Oct 13, 2006
Sold by
Vargas Juan
Bought by
Feijoo Freddy and Feijoo Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,550
Interest Rate
6.47%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 5, 2004
Sold by
Danraj Dusrat
Bought by
Vargas Juan and Vargas Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.94%

Purchase Details

Closed on
May 27, 1999
Sold by
Santiago Eugenio
Bought by
Ranraj Dasrat and Ranraj Indrawattie
Source: Public Records

Range of Values:

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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
Murray Tafari $550,000 Foundation Title
Leiva Martinez Luis O -- Hometown Title Ins Agcy Llc
Summer Ventures Llc $225,000 --
Feijoo Freddy $442,750 --
-- $442,800 --
Vargas Juan $175,000 --
Ranraj Dasrat $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murray Tafari $154,984
Open Murray Tafari $540,038
Previous Owner Leiva Martinez Luis O $311,250
Previous Owner Feijoo Freddy $373,700
Previous Owner Feijoo Freddy $88,550
Previous Owner -- $354,200
Previous Owner Vargas Juan $225,000
Previous Owner Vargas Juan $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2022 07/22/22 Sold $550,000 +7.8% --
01/11/2022 01/11/22 For Sale $510,000 +126.7% --
03/29/2019 03/29/19 Sold $225,000 -43.7% --
07/16/2018 07/16/18 Pending -- -- --
07/13/2018 07/13/18 For Sale $399,999 -- --
Source: New Jersey 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 $7,359 $197,400 $28,700 $168,700
2024 $7,359 $197,400 $28,700 $168,700
2022 $7,375 $197,400 $28,700 $168,700
2021 $7,371 $197,400 $28,700 $168,700
2020 $7,501 $197,400 $28,700 $168,700
2019 $7,424 $197,400 $28,700 $168,700
2018 $7,290 $197,400 $28,700 $168,700
2017 $7,027 $197,400 $28,700 $168,700
2016 $6,791 $197,400 $28,700 $168,700
2015 $6,532 $197,400 $28,700 $168,700
2014 $6,121 $197,400 $28,700 $168,700
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Luis Leiva

    EXP Realty, LLC

    Section Image
  • Michael Tejada

    Buyer's Agent in 2022

    Michael Tejada

    RE/MAX

    (908) 514-3466

    1 in this area

    33 Total Sales

    Michael Tejada
    Section Image

  • S

    Buyer's Agent in 2019

    SOPHY RAMIREZ

    EXP REALTY, LLC

See All Agents

Map

Source: New Jersey MLS

MLS Number: 22001068

New Jersey MLS

APN: 14-00777-0000-00049

New Jersey Essex County Newark 07104 North Broadway

746 Summer Ave, Newark, NJ

This home is located at 746 Summer Ave, Newark, NJ 07104 since 11 January 2022 and is currently estimated at $704,122. 746 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.

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.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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