NOT LISTED FOR SALE

98 Summit Ave Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $706,000 - $815,000

10 Beds
3 Baths
-- Sq Ft
4,008 Sq Ft Lot

Last Sold July 20, 2022

Last sale price $525,000

Est. 43% increase in value since last sale

Current estimated payment $4,758/month

48 Days on Market

Highlights

  • Detached Garage
  • Tandem Parking
  • Living Room

About This Home

As of July 2022

wonderful 2 family cashflow investment opportunity, this is a three-story house located close to major transportation schools and major highways like RT78, RT280, and GSP. This property offers a layout of 4 bedrooms 1 bath on the 1st floor, 5 bedroom 1 bath on the second floor, and 1 bedroom 1 bath in the attic, that could be used as a duplex. 1st floor is currently rented. Detach garage for 2 cars in the back and parking space for two additional cars.

Last Agent to Sell the Property

Kelian Estevez

PROVIDENT LEGACY REAL ESTATE SERVICES LLC License #2190737 Listed on: 03/29/2022

Last Buyer's Agent

USER1 USER1

HUDSON COUNTY MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,470

Lot Details

  • 4,008

Home Design

  • Aluminum Siding

Interior Spaces

  • Multi-Level Property
  • Living Room
  • Unfinished Basement

Bedrooms and Bathrooms

  • 10 Bedrooms | 4 Main Level Bedrooms

Parking

  • Detached Garage
  • Tandem Parking

Utilities

  • Window Unit Cooling System
  • Radiator

Listing and Financial Details

  • Exclusions: All personal Items.
  • Legal Lot and Block 00007 / 03728 01
  • Assessor Parcel Number 40609

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,470

Lot Details

0

Listing Details

  • Class: 2 FAMILY
  • Type: 2 Family
  • Building Style: Multi-Level
  • Exclusions: All personal Items.
  • Inclusions: Appliances and installed fixtures.
  • Lead Paint Form: Yes
  • Assessor Parcel Number: 40609
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3
  • Total Full Baths: 3
  • Total Bedrooms: 10
  • Basement: Unfinished
  • Total Living Rooms: 3
  • First Floor Bedrooms: 4
  • First Full Floor Bathrooms: 1
  • Floor 1 Living Rooms: 1
  • Floor 1 Rent: 1680
  • Floor 2 Full Bathrooms: 1
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Rent: vacant
  • Third Floor Bedrooms: 1
  • Floor 3 Full Bathrooms: 1
  • Floor3 Kitchens: 1
  • Floor 3 Living Rooms: 1

Exterior Features

  • Exterior Finish: Aluminum/Vinyl

Garage/Parking

  • Parking Available: Garage, Tandem-Private, Detached

Utilities

  • Heating/Cooling: A/C Window, Radiators

Lot Info

  • Geo Address Line: 98 Summit Ave
  • Geo Primary City: Newark
  • Geo Quality: 0.95
  • Lot: 00007

Tax Info

  • Taxes: 10470

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2022
Closed on
Jun 30, 2022
Sold by
Tejeda Gabriel
Bought by
Cannady Kieran
Seller's Agent
Kelian Estevez
PROVIDENT LEGACY REAL ESTATE SERVICES LLC
Buyer's Agent
USER1 USER1
HUDSON COUNTY MLS
List Price
$499,000
Sold Price
$525,000
Premium/Discount to List
$26,000
5.21%
Current Estimated Value
$750,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,698
Avg. Annual Appreciation
10.76%
Original Mortgage
$500,000
Outstanding Balance
$476,265
Interest Rate
5.23%
Mortgage Type
VA
Estimated Equity
$274,433

Purchase Details

Closed on
May 13, 2019
Sold by
Wilmington Na
Bought by
98100 Summit Llc

Purchase Details

Closed on
Aug 22, 1997
Sold by
Moore Altina
Bought by
Lane Leroy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
7.47%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cannady Kieran $525,000 Rms Title Services
98100 Summit Llc $138,734 First American Title
Lane Leroy $119,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cannady Kieran $500,000
Previous Owner Lane Leroy $119,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/20/2022 07/20/22 Sold $525,000 0.0% --
07/20/2022 07/20/22 Sold $525,000 +5.2% -- View Prior Sale
05/16/2022 05/16/22 Pending -- -- --
05/16/2022 05/16/22 Pending -- -- --
03/29/2022 03/29/22 For Sale $499,000 0.0% --
03/10/2022 03/10/22 For Sale $499,000 0.0% --
03/06/2022 03/06/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $499,000 -- --
Source: Hudson County 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 $10,453 $280,400 $28,500 $251,900
2024 $10,453 $280,400 $28,500 $251,900
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kelian Estevez

    PROVIDENT LEGACY REAL ESTATE SERVICES LLC

    Section Image

  • U

    Buyer's Agent in 2022

    USER1 USER1

    HUDSON COUNTY MLS

  • Robin Stepeney

    Buyer's Agent in 2022

    Robin Stepeney

    United Real Estate

    (973) 580-8045

    1 in this area

    29 Total Sales

    Robin Stepeney
    Section Image
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Map

Source: Hudson County MLS

MLS Number: 220005339

Hudson County MLS

APN: 14-03728-01-00007

New Jersey Essex County Newark 07112 Weequahic

98 Summit Ave, Newark, NJ

Not Listed for Sale

MultiFamily

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