702 Summer Avenue

Local assessors in Newark, NJ have categorized 702 Summer Avenue as a residential type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 4,657 square feet. The linear feet between the front and back of the lot was measured at 1,239 ft and the front of the lot was measured at 376 ft. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 702 Summer Avenue has a total of 3,202 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in Jun 24, 1994 for $113,000. That's $35.29 per sqft. 702 Summer Avenue was last assessed in 2022. The total value of the property was assessed at $209,900. Specifically, the land the property is located on was valued at $29,700. While improvements on the property were assessed at a total of $180,200. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $7,842. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.