NOT LISTED FOR SALE

83 Summer Ave Newark, NJ 07104

Seventh Avenue Neighborhood

Estimated Value: $627,000 - $952,000

-- Bed
-- Bath
-- Sq Ft
25 Sq Ft Lot

Last Sold August 06, 2021

Last sale price $310,000

Est. 144% increase in value since last sale

Current estimated payment $4,675/month

About This Home

As of August 2021

This home is located at 83 Summer Ave, Newark, NJ 07104 since 09 June 2021 and is currently estimated at $756,789. This property was built in 1897. 83 Summer Ave is a home located in Essex County with nearby schools including Franklin School, Rafael Hernandez School, and McKinley School.

Last Agent to Sell the Property

Jeanmichel Sery

JD FRANCES REALTY & G.R. Brokerage Phone: 973-744-2700 Listed on: 06/09/2021

Last Buyer's Agent

LINDEN MOE

AMERICA'S ELITE GROUP LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,907

Year Built

  • Built in 1897

Lot Details

  • 25 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,907

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Year Built: 1897
  • County Name: Essex
  • Street Number Display: 83
  • I D: 5079081
  • Modified: 2022-08-07
  • Number Images: 1
  • Attribution Contact: 973-744-2700
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25.4X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2023
Sold by
Bah & Diallo Investments Llc
Bought by
80 Summer Ave Eo Llc
Total Days on Market
0
Current Estimated Value
$756,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$514,500
Outstanding Balance
$501,667
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$255,122

Purchase Details

Listed on
Jun 9, 2021
Closed on
Aug 4, 2021
Sold by
83 Summer Avenue Llc
Bought by
Bah & Diallo Investment Llc
Seller's Agent
Jeanmichel Sery
JD FRANCES REALTY & G.R.
Buyer's Agent
LINDEN MOE
AMERICA'S ELITE GROUP LLC.
List Price
$310,000
Sold Price
$310,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.32%
Original Mortgage
$427,500
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 29, 2019
Sold by
V & W Investment Group Llc
Bought by
83 Summer Avenue Llc

Purchase Details

Closed on
Jul 14, 2017
Sold by
Gonzalos Jose
Bought by
83 Summer Ave Newark Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
3.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 31, 2006
Sold by
Leonardo Ramon
Bought by
Gonzales Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 5, 2005
Sold by
Santana Lourdes
Bought by
Leonardo Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 29, 2004
Sold by
Martinez Jose
Bought by
Santana Lourdes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,265
Interest Rate
6.28%
Mortgage Type
FHA

Purchase Details

Closed on
May 12, 2003
Sold by
Emc Investments Inc
Bought by
Martinez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,214
Interest Rate
6.01%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 19, 2000
Sold by
Johnson Jaleem
Bought by
Greene Eric

Purchase Details

Closed on
Jul 17, 2000
Sold by
Estate Of Armando Abreu
Bought by
Johnson Jaleem
Source: Public Records

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Range of Values:

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Average Value
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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
80 Summer Ave Eo Llc $735,000 Old Republic National Title
Bah & Diallo Investment Llc $310,000 Riverside Title Agency Inc
83 Summer Avenue Llc $260,000 --
83 Summer Ave Newark Llc $74,000 None Available
Gonzales Jose $400,000 --
Leonardo Ramon $350,000 --
Santana Lourdes $249,000 --
Martinez Jose $160,000 --
Greene Eric $110,000 --
Greene Eric $110,000 --
Johnson Jaleem $70,000 --
Johnson Jaleem $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 80 Summer Ave Eo Llc $514,500
Previous Owner Bah & Diallo Investment Llc $427,500
Previous Owner Bah & Diallo Investment Llc $427,500
Previous Owner V & W Investment Group Llc $259,000
Previous Owner 83 Summer Ave Newark Llc $230,000
Previous Owner 83 Summer Ave Newark Llc $230,000
Previous Owner Gonzales Jose $103,000
Previous Owner Gonzales Jose $20,000
Previous Owner Gonzales Jose $80,000
Previous Owner Leonardo Ramon A $280,000
Previous Owner Leonardo Ramon A $70,000
Previous Owner Leonardo Ramon $359,200
Previous Owner Santana Lourdes $246,265
Previous Owner Martinez Jose $19,214
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2021 08/06/21 Sold $310,000 0.0% --
06/09/2021 06/09/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $310,000 -- --
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
2024 $7,907 $212,100 $20,200 $191,900
2022 $7,924 $212,100 $20,200 $191,900
2021 $7,920 $212,100 $20,200 $191,900
2020 $8,060 $212,100 $20,200 $191,900
2019 $6,006 $159,700 $20,200 $139,500
2018 $5,898 $159,700 $20,200 $139,500
2017 $5,685 $159,700 $20,200 $139,500
2016 $5,494 $159,700 $20,200 $139,500
2015 $5,284 $159,700 $20,200 $139,500
2014 $4,952 $159,700 $20,200 $139,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jeanmichel Sery

    JD FRANCES REALTY & G.R.

    (862) 201-9086

    1 in this area

    117 Total Sales

    Jeanmichel Sery
    Section Image

  • L

    Buyer's Agent in 2021

    LINDEN MOE

    AMERICA'S ELITE GROUP LLC.

See All Agents

Map

Source: Garden State MLS

MLS Number: 3718948

Garden State MLS

APN: 14-00484-0000-00049

New Jersey Essex County Newark 07104 Seventh Avenue

83 Summer Ave, Newark, NJ

This home is located at 83 Summer Ave, Newark, NJ 07104 since 09 June 2021 and is currently estimated at $756,789. This property was built in 1897. 83 Summer Ave is a home located in Essex County with nearby schools including Franklin School, Rafael Hernandez School, and McKinley School.

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