NOT LISTED FOR SALE

98 Summit Ave Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $725,000 - $763,000

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

Sale Details

Date Sold: July 20, 2022

Last sale price $525,000

Est. 42% increase in value since last sale

Current estimated payment $5,036 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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

4,008 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2022
Closed on
Jun 30, 2022
Sold by
Tejeda Gabriel
Bought by
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
$743,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,578
Avg. Annual Appreciation
8.77%
Original Mortgage
$500,000
Outstanding Balance
$469,339
Interest Rate
5.23%
Mortgage Type
VA
Estimated Equity
$274,239

Purchase Details

Closed on
Oct 30, 2019
Sold by
98 & 100 Summit I Llc
Bought by
Tejeda Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,479
Interest Rate
3.62%
Mortgage Type
FHA

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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Weequahic, NJ

  • SYDNEY WHITE Real Estate Agent - IDENTITY PROPERTIES

    SYDNEY WHITE

    IDENTITY PROPERTIES

    (866) 823-4679

    15 Total Sales

    1 in Weequahic

    $452,000 Price

    SYDNEY WHITE
     Section Image
  • Holland Mack 3rd Real Estate Agent - Real

    Holland Mack 3rd

    Real

    (973) 791-6478

    18 Total Sales

    2 in Weequahic

    $220,000 Price Range

    Holland Mack 3rd
     Section Image
  • Mackenson Bonnet Real Estate Agent - WEICHERT REALTORS

    Mackenson Bonnet

    WEICHERT REALTORS

    (862) 272-3446

    62 Total Sales

    1 in Weequahic

    $407,000 Price

    Mackenson Bonnet
     Section Image
  • Stephen Buch Real Estate Agent - YALE KENT, LLC.

    Stephen Buch

    YALE KENT, LLC.

    (973) 604-2313

    11 Total Sales

    2 in Weequahic

    $364K - $900K Price Range

    Stephen Buch
     Section Image
  • Yesenia Alcivar Real Estate Agent - Serhant New Jersey LLC

    Yesenia Alcivar

    Serhant New Jersey LLC

    (908) 460-1784

    48 Total Sales

    2 in Weequahic

    $360,000 Price Range

    Yesenia Alcivar
     Section Image
  • Patrick Dwyer Real Estate Agent - EXIT REALTY LUCKY ASSOCIATES

    Patrick Dwyer

    EXIT REALTY LUCKY ASSOCIATES

    (908) 503-5926

    40 Total Sales

    3 in Weequahic

    $360K - $900K Price Range

    Patrick Dwyer
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$525,000 Rms Title Services
Tejeda Gabriel $360,000 Genuine Title Agency
98100 Summit Llc $138,734 First American Title
Lane Leroy $119,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $500,000
Previous Owner Tejeda Gabriel $353,479
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $11,213 $280,400 $28,500 $251,900
2025 $11,213 $280,400 $28,500 $251,900
2024 $10,453 $280,400 $28,500 $251,900
2022 $10,476 $280,400 $28,500 $251,900
2021 $10,470 $280,400 $28,500 $251,900
2020 $10,655 $280,400 $28,500 $251,900
2019 $6,702 $178,200 $28,500 $149,700
2018 $6,581 $178,200 $28,500 $149,700
2017 $6,344 $178,200 $28,500 $149,700
2016 $6,130 $178,200 $28,500 $149,700
2015 $5,897 $178,200 $28,500 $149,700
2014 $5,526 $178,200 $28,500 $149,700
Source: Public Records

Agents Affiliated with this Home

  • KE

    Seller's Agent in 2022

    Kelian Estevez

    PROVIDENT LEGACY REAL ESTATE SERVICES LLC

    Section Image

  • UU

    Buyer's Agent in 2022

    USER1 USER1

    HUDSON COUNTY MLS

  • Robin Stepeney Real Estate Agent - United Real Estate

    Buyer's Agent in 2022

    Robin Stepeney

    United Real Estate

    (973) 580-8045

    1 in this area

    31 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

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.

Hudson County MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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