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384 Summer Avenue

384 Summer Avenue, Newark, NJ 07104
Property in North Broadway
Sold Dec 15, 1999
$116,000
Buyer
Seller
$115,031 by Main Street Mtg
Mortgage
384 Summer Avenue has been categorized by the local assessors in Newark, NJ as a residential type of property. The building on the property was first built in 1910 and is 114 years old. The building has a total of 3 stories. In addition, 384 Summer Avenue has 2,428 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,850 ft and across the front of the lot is 300 ft. The area measurement of the land has been determined as 5,550 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 3 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 384 Summer Avenue sold most recently in Dec 3, 1999 for a total of $116,000. If you work out the math, that's approximately a cost of $47.78 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,989 in taxes each year. 384 Summer Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $160,300. If we break it down further, the land itself was valued at $28,000. Improvements to the property, however, were assessed at a total of $132,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 3
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 5,550
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,428
  • Building Area: 2,428
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,428
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.127
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PEREZ NURY
  • Previous Owner : PAULINO WERMA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Newark City School District
  • Census Tract: 009300

Geography

  • Assessors Map Reference: TAX MAP 16
  • District: 14
  • Parcel: 14 00611-0000-00011
  • Block: 611
  • Lot: 11
  • Municipality: NEWARK CITY
  • Latitude: 40.7649
  • Longitude: -74.169

    Address

  • Full Address: 384 Summer Ave
  • Address - House Number: 384
  • Address - Street Name: Summer
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Newark
  • Carrier Code: C036
  • 4-Digit Zip Code: 2812
  • Zip Code: 07104

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,989

    Appraisal Valuation

  • Standard Deviation: 0.2144
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 70
  • Final Value: 473,961
  • High Value: 575,612
  • Low Value: 372,310

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $115,031
  • First Open Lien Mortgage Lender: MAIN STREET MTG
  • First Open Lien Mortgage Recording Date: Dec 15, 1999
  • First Open Lien Mortgage Loan Amount: $115,031
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA

    Market Valuation

  • Market Total Value: $160,300
  • Market Land Value: $28,000
  • Market Improvement Value: $132,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $160,300
  • Assessed Land Value: $28,000
  • Assessed Improvements Value: $132,300

    Sales

  • Current Sale Contract Date: Dec 03, 1999
  • Current Sale Recording Date: Dec 15, 1999
  • Current Sale Transaction ID: 1095451600
  • Current Sale Price: $116,000
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MAIN STREET MTG
  • First Mortgage Transaction Date: Dec 15, 1999
  • First Mortgage Loan Amount: $115,031
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

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Frequently Asked Questions

What neighborhood is 384 Summer Avenue located in?
The 384 Summer Avenue is a located in the neighborhood of North Broadway in North Broadway, Newark.
What is the average sales price for listings in 384 Summer Avenue?
The average sales price for units in 384 Summer Avenue is $0 currently.

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