NOT LISTED FOR SALE

94 Summer Ave Newark, NJ 07104

Seventh Avenue Neighborhood

Estimated Value: $511,000 - $568,000

5 Beds
3 Baths
2,176 Sq Ft
$247/Sq Ft Est. Value

Last Sold March 09, 2023

Last sale price $435,000 $200 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,321/month

21 Days on Market

About This Home

As of March 2023

A wonderful investment opportunity. Unit 1 has separate side entrance. 2 Bed 1 Bath, in unit washer/dryer. Unit 2 is on 2nd floor. 3 Bed 1 Bath with storage and balcony. 5 parking spaces available including an attached garage. Close to train direct to NYC, schools and places of worship and more. 25% down buyers ONLY. Fully occupied. Email offers to shawn@thechaconasgroup.com.

Last Agent to Sell the Property

Shawn Chaconas

Compass New Jersey, LLC-Montclair Listed on: 01/10/2023

Compass New Jersey, LLC-Montclair

Last Buyer's Agent

Lilian Lundy

RE/MAX SELECT - Rockaway

RE/MAX SELECT - Rockaway

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,075

Lot Details

  • 2,448

Parking

  • 1 Car Garage

Home Design

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Laundry in unit
  • 2,448 Sq Ft Lot

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00060 / 00485

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,075

Lot Details

0

Parking

1

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Unit, None
  • Co List Office Phone: 973-310-7360
  • MLS Status: Sold - Sold
  • Directions: Park Ave, turn left on Summer Ave
  • Architectural Style: 2 Family
  • Year Built Details: 1990's
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 5

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 2448.0

Tax Info

  • Tax Annual Amount: 6075.0
  • Tax Block: 00485
  • Tax Lot: 00060

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2023
Closed on
Mar 4, 2023
Sold by
Mehta Vicram
Bought by
Argudo Segundo and Argudo Sonia
Seller's Agent
Shawn Chaconas
Compass New Jersey, LLC-Montclair
Buyer's Agent
Lilian Lundy
RE/MAX SELECT - Rockaway
List Price
$435,000
Sold Price
$435,000
Views
80
Current Estimated Value
$538,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,006
Avg. Annual Appreciation
8.38%
Original Mortgage
$326,250
Outstanding Balance
$314,550
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$223,456

Purchase Details

Closed on
Jul 18, 2011
Sold by
Fnbn I Llc
Bought by
Mehta Ashok

Purchase Details

Closed on
Mar 7, 2011
Sold by
Pennymac Loan Services Llc
Bought by
Fnbn 1 Llc

Purchase Details

Closed on
Dec 3, 2010
Sold by
Teixeira Nilva
Bought by
Pennymac Loan Services Llc

Purchase Details

Closed on
Jun 8, 2004
Sold by
Hud
Bought by
Teixeira Nilva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,600
Interest Rate
7.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 15, 2002
Sold by
Morris Ken
Bought by
Holland Silvester

Purchase Details

Closed on
Jul 15, 1999
Sold by
Abreu Armando
Bought by
Morris Ken

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,964
Interest Rate
7.83%
Mortgage Type
FHA
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
Argudo Segundo $435,000 Foundation Title
Mehta Ashok $135,000 --
Fnbn 1 Llc -- Fidelity Natl Title Ins Co
Pennymac Loan Services Llc -- Stewart Title Guaranty Co
Teixeira Nilva $228,010 --
Holland Silvester -- --
Morris Ken $163,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Argudo Segundo $326,250
Previous Owner Teixeira Nilva $216,600
Previous Owner Morris Ken $161,964
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2023 03/09/23 Sold $435,000 0.0% $200 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
01/24/2023 01/24/23 For Sale $435,000 0.0% $200 / Sq Ft
01/24/2023 01/24/23 Price Changed $435,000 +2.4% $200 / Sq Ft
01/17/2023 01/17/23 Pending -- -- --
01/10/2023 01/10/23 For Sale $425,000 -- $195 / Sq Ft
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 $6,062 $162,600 $19,800 $142,800
2024 $6,062 $162,600 $19,800 $142,800
2022 $6,075 $162,600 $19,800 $142,800
2021 $6,071 $162,600 $19,800 $142,800
2020 $6,179 $162,600 $19,800 $142,800
2019 $6,115 $162,600 $19,800 $142,800
2018 $6,005 $162,600 $19,800 $142,800
2017 $5,789 $162,600 $19,800 $142,800
2016 $5,593 $162,600 $19,800 $142,800
2015 $5,380 $162,600 $19,800 $142,800
2014 $5,042 $162,600 $19,800 $142,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Shawn Chaconas

    Compass New Jersey, LLC-Montclair

    (862) 246-9225

    1 in this area

    35 Total Sales

    Shawn Chaconas
    Section Image
  • Lilian Lundy

    Buyer's Agent in 2023

    Lilian Lundy

    RE/MAX

    (201) 618-7219

    1 in this area

    17 Total Sales

    Lilian Lundy
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 23000882

New Jersey MLS

APN: 14-00485-0000-00060

New Jersey Essex County Newark 07104 Seventh Avenue

94 Summer Ave, Newark, NJ

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