1 month on rocket

316 Summer Ave, Newark, NJ, 07104

$799,000

Home List Price

$9,488*

Closing Credit

6 Bedrooms
3 Full Baths
Multi

Location

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316 Summer Ave, Newark$799,000

Buyer Closing Credits

$9,488*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Garage2 spaces
MLS #24037596
StatusActive

About 316 Summer Ave

3 FAMILY NORTH NEWARK, MINUTES TO PUBLIC TRANS, MAJOR HIGHWAYS, SHOPS, SCHOOLS, COMPLETELY GUTTED & RENOVATED 7 YEARS AGO. ABSOLUTELY NOTHING TO DO BUT MOVE IN!

Property Details

Property Features

Listing Office:

  • Office Name: RE/MAX Professionals 1
  • Office Phone: (973) 450-4000
  • Listing Agent: Jorge Velasquez

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Garage Space: 2 spaces

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,000

Tax Information:

  • Annual Amount: $5,709
  • 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

$440K

Med. Price/SqFt

$214

Avg. Days On Market

31

# of Sold Homes

31

316 Summer Ave vs Newark

41 DAYS ON ROCKET

+10 Days

$799,000

+$359K More

KEY TAKEAWAY

This property is $359K more than the Median Sold Price in Newark, NJ.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #24037596

Listing Office:

  • Office Name: RE/MAX Professionals 1
  • Office Phone: (973) 450-4000
  • Listing Agent: Jorge Velasquez

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© 2025 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: 1/7/2025, 2:21:04 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 13, 2016Home Sold
$220,000
Dec 09, 2014Home Sold
$45,000
Apr 16, 2004Home Sold
$262,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,709$202,800
2019$7,489$202,800
2018$7,220$202,800
2017$7,220$202,800

History based on county public records data.

Payment Calculator

$4,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,462

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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-770170
4
/10

  • Roberto Clemente Elementary School

  • 257 Summer Ave

  • 0.14 miles

  • Public District Grades PK-4

school-card-donut-770171
4
/10

  • Franklin Elementary School

  • 42 Park Ave

  • 0.58 miles

  • Public District Grades PK-4

school-card-donut-770172
5
/10

  • Washington Elementary School

  • 80 Belgrove Dr

  • 0.77 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 $39,052. Typical income of Newark, NJ residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07104›316 Summer Ave

This home is located at 316 Summer Ave in Newark, NJ and zip code 07104 in the North Ward neighborhood. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 26, 2024 and is currently priced at $799,000.

While more than 17 listings in Newark, NJ in December 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 8 were sold below. The number of homes for sale in Newark, NJ increased by 10.8% between November 2024 and December 2024. While the average time on the market in December 2024 was 31 days, the median list price was $440,000.

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

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