NOT LISTED FOR SALE

825 Summer Ave Unit 3 Newark, NJ 07104

North Broadway Neighborhood

Estimated Value: $740,802 - $1,051,000

-- Bed
3 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold December 03, 2021

Last sale price $530,000

Est. 54% increase in value since last sale

Current estimated payment $5,624/month

34 Days on Market

About This Home

As of December 2021

This home is located at 825 Summer Ave Unit 3, Newark, NJ 07104 since 18 August 2021 and is currently estimated at $832,451. 825 Summer Ave Unit 3 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

Alfredo Silva

KELLER WILLIAMS PARK VIEWS Brokerage Phone: 201-939-0050 Listed on: 08/18/2021

KELLER WILLIAMS PARK VIEWS

Last Buyer's Agent

Raysa Castro

KELLER WILLIAMS CITY VIEWS REALTY

KELLER WILLIAMS CITY VIEWS REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,025

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,025

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 825
  • I D: 5097580
  • Modified: 2022-12-04
  • Number Images: 1
  • Attribution Contact: 201-939-0050
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Dec 1, 2021
Sold by
City Home Properties Llc
Bought by
Garcia Jose Ventura
Seller's Agent
Alfredo Silva
KELLER WILLIAMS PARK VIEWS
Buyer's Agent
Raysa Castro
KELLER WILLIAMS CITY VIEWS REALTY
List Price
$485,000
Sold Price
$530,000
Premium/Discount to List
$45,000
9.28%
Current Estimated Value
$817,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,688
Avg. Annual Appreciation
11.98%
Original Mortgage
$520,400
Interest Rate
3.22%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 4, 2013
Sold by
400 1 2 Summer Avenu
Bought by
City Home Properties

Purchase Details

Closed on
Jul 31, 2012
Sold by
Milano Dianne and Estate Of Pasquale Milano
Bought by
400 Summer Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
12%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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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
Garcia Jose Ventura $530,000 New Title Company Name
City Home Properties $87,500 --
400 Summer Avenue Llc $30,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Jose Ventura $520,400
Previous Owner City Home Properties Llc $500,000
Previous Owner City Home Properties Llc $0
Previous Owner 400 Summer Avenue Llc $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2021 12/03/21 Sold $530,000 +9.3% --
09/21/2021 09/21/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $485,000 -- --
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 $14,025 $376,200 $28,600 $347,600
2024 $14,025 $376,200 $28,600 $347,600
2022 $9,583 $256,500 $28,600 $227,900
2021 $9,578 $256,500 $28,600 $227,900
2020 $9,747 $256,500 $28,600 $227,900
2019 $9,647 $256,500 $28,600 $227,900
2018 $2,002 $54,200 $44,200 $10,000
2017 $1,930 $54,200 $44,200 $10,000
2016 $1,864 $54,200 $44,200 $10,000
2015 $1,793 $54,200 $44,200 $10,000
2014 $1,681 $54,200 $44,200 $10,000
Source: Public Records

Agents Affiliated with this Home

  • Alfredo Silva

    Seller's Agent in 2021

    Alfredo Silva

    KELLER WILLIAMS PARK VIEWS

    (973) 715-4254

    3 in this area

    46 Total Sales

    Section Image

  • R

    Buyer's Agent in 2021

    Raysa Castro

    KELLER WILLIAMS CITY VIEWS REALTY

    (973) 390-2828

    5 in this area

    36 Total Sales

    Section Image
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Map

Source: Garden State MLS

MLS Number: 3735583

Garden State MLS

APN: 14-00817-0000-00006

New Jersey Essex County Newark 07104 North Broadway

825 Summer Ave Unit 3, Newark, NJ

This home is located at 825 Summer Ave Unit 3, Newark, NJ 07104 since 18 August 2021 and is currently estimated at $832,451. 825 Summer Ave Unit 3 is a home located in Essex County with nearby schools including Elliott Street Elementary School, Ridge Street Elementary School, and Rafael Hernandez School.

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