818 Summer Avenue

818 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 2004 and is 20 years old. In addition, 818 Summer Avenue has 2,874 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,755 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. 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, 818 Summer Avenue sold most recently in Oct 23, 2020 for a total of $560,000. If you work out the math, that's approximately a cost of $194.85 per sqft. Before that, the property was also sold for $249,000 in Apr 26, 2016. 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 $10,154 in taxes each year. 818 Summer Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $271,800. If we break it down further, the land itself was valued at $28,400. Improvements to the property, however, were assessed at a total of $243,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.