2 months on rocket

245 Summer Ave, Newark, NJ, 07104

$389,000

Home List Price

$4,619*

Closing Credit

3 Bedrooms
1 Full Bath
Multi

Location

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245 Summer Ave, Newark$389,000

Buyer Closing Credits

$4,619*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingNone
HeatingNatural Gas
CoolingWall/Window Unit(s)
BasementYes
WaterfrontNone
FireplaceNone
ViewNone
MLS #24029625
StatusActive
(ACTIVE)

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex

Listing Office:

  • Office Name: Top Quality Realty, LLC
  • Listing Agent: Mohamed H. Amin

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: None
  • View: None
  • Exterior: Other, None

Parking Information:

  • Attached Garage: No
  • Parking: None

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Wall/Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $389,000

Tax Information:

  • Annual Amount: $2,871
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Newark, NJ.

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Newark, NJ

City

Med. Sold Price

$396.1K

Med. Price/SqFt

$204

Avg. Days On Market

75

# of Sold Homes

34

245 Summer Ave vs Newark

70 DAYS ON ROCKET

-5 Days

$389,000

-$7.1K Less

KEY TAKEAWAY

This property is $7.1K less than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24029625

Listing Office:

  • Office Name: Top Quality Realty, LLC
  • Listing Agent: Mohamed H. Amin

IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2024 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 11:55:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 18, 2005Home Sold
$155,000
Feb 10, 2005Home Sold
$85,000
Feb 10, 2005Home Sold
$85,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,871$102,000
2019$3,766$102,000
2018$3,631$102,000
2017$3,631$102,000

History based on county public records data.

Payment Calculator

$2,009

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,233

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-764573
4
/10

  • Roberto Clemente Elementary School

  • 257 Summer Ave

  • 0.05 miles

  • Public District Grades PK-4

school-card-donut-764574
4
/10

  • Franklin Elementary School

  • 42 Park Ave

  • 0.40 miles

  • Public District Grades PK-4

school-card-donut-764575
5
/10

  • Washington Elementary School

  • 80 Belgrove Dr

  • 0.70 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,211. Residents of Newark, NJ typically earn less than $35k each year. The majority of families are single, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07104›245 Summer Ave

This home is located at 245 Summer Ave in Newark, NJ and zip code 07104 in the North Ward neighborhood. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $389,000.

While more than 24 listings in Newark, NJ in October 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 7 were sold below. The inventory of homes for sale in Newark, NJ between September 2024 and October 2024 increased by 25.4%. In October 2024, listings were on the market for 75 days. During the same period, the median list price in this real estate market was $396,125.

From Rocket Homes Real Estate and based on county public records data.

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