NOT LISTED FOR SALE

779 Summer Ave Newark, NJ 07104

North Broadway Neighborhood

Estimated Value: $402,000 - $473,000

6 Beds
2 Baths
-- Sq Ft
3,006 Sq Ft Lot Lot

Sale Details

Date Sold: December 12, 2022

Last sale price $325,000

Est. 34% increase in value since last sale

Current estimated payment $2,710 / mo

67 Days on Market

About This Home

As of December 2022

GREAT OPPORTUNITY WITH THIS 2 UNIT COLONIAL IN A GREAT AREA OF NORTH NEWARK. FIN ATTIC, LOTS OF POTENTIAL

Last Agent to Sell the Property

Ruben Cunas

Realty One Group Living Listed on: 07/14/2022

Last Buyer's Agent

Ruben Cunas

Realty One Group Living Listed on: 07/14/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,807

Lot Details

  • 3,006 Sq Ft Lot
  • Lot Dimensions are 28.9x104

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00015 / 00776

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,807

Lot Details

3,006 Sq Ft Lot

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 201-636-2280
  • MLS Status: Sold - Sold
  • Directions: MAPQUEST
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Remarks: FULL

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Dimensions: 28.9X104
  • Lot Size Sq Ft: 3006.0

Tax Info

  • Tax Annual Amount: 4807.0
  • Tax Block: 00776
  • Tax Lot: 00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2022
Closed on
Nov 18, 2022
Sold by
Gutierrez Elizabeth Gavilanes
Bought by
Gutierrez Luis O and Paskes Cheskel
Seller's Agent
Ruben Cunas
Realty One Group Living
Buyer's Agent
Ruben Cunas
Realty One Group Living
List Price
$410,000
Sold Price
$325,000
Premium/Discount to List
-$85,000
-20.73%
Views
25
Current Estimated Value
$435,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,225
Avg. Annual Appreciation
9.11%
Original Mortgage
$350,000
Outstanding Balance
$339,147
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$96,078

Purchase Details

Closed on
Dec 5, 2005
Sold by
Veliz Timoteo
Bought by
Gavilanes Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,300
Interest Rate
6.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 1994
Sold by
Siljee Daniel
Bought by
Veliz Timoteo and Veliz Blanca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
7%

Purchase Details

Closed on
Oct 19, 1990
Sold by
Rakauckas Sr Edward A and Rakauckas Florence C
Bought by
Siljee Daniel
Source: Public Records
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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
Gutierrez Luis O $325,000 Old Republic National Title
Gavilanes Elizabeth $236,500 --
-- $238,500 --
Veliz Timoteo $79,000 --
Siljee Daniel $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutierrez Luis O $350,000
Previous Owner -- $47,300
Previous Owner -- $189,200
Previous Owner Veliz Timoteo $69,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2022 12/12/22 Sold $325,000 -7.1% --
09/19/2022 09/19/22 Pending -- -- --
08/22/2022 08/22/22 Price Changed $350,000 -9.1% --
08/07/2022 08/07/22 Price Changed $385,000 -6.1% --
07/14/2022 07/14/22 For Sale $410,000 -- --
Source: New Jersey MLS

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 $4,811 $126,500 $26,400 $100,100
2024 $4,716 $126,500 $26,400 $100,100
2022 $4,726 $126,500 $26,400 $100,100
2021 $4,724 $126,500 $26,400 $100,100
2020 $4,807 $126,500 $26,400 $100,100
2019 $4,758 $126,500 $26,400 $100,100
2018 $4,672 $126,500 $26,400 $100,100
2017 $4,503 $126,500 $26,400 $100,100
2016 $4,352 $126,500 $26,400 $100,100
2015 $4,186 $126,500 $26,400 $100,100
2014 $3,923 $126,500 $26,400 $100,100
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Ruben Cunas

    Realty One Group Living

    3 in this area

    4 Total Sales

    Ruben Cunas
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Map

Source: New Jersey MLS

MLS Number: 22026424

New Jersey MLS

APN: 14-00776-0000-00015

New Jersey Essex County Newark 07104 North Broadway

779 Summer Ave, Newark, NJ

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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