13 days on rocket

368 Summer Ave, Newark City, NJ, 07104

$748,888

0.10 Acres
Land

Location

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Property Highlights

Home TypeVacant Land
MLS #3930407
Lot Size0.10 Acres
StatusActive

About 368 Summer Ave

Investment opportunity in North Newark! Licensed rooming house with 18 units near Branch Brook Park. Grossing $133k/year and 8.4 cap rate. Ideal for steady cash flow and appreciation!

Property Details

Property Features

Listing Office:

  • Office Name: REAL
  • Office Phone: (347) 439-1807

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

School Info

Assigned Schools Information:

  • Technology High School, Public District Grades 9-12
  • Barringer High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • Roberto Clemente Elementary School, Public District Grades PK-4

Other

Directions Information:

  • Directions: Bloomfield Ave to Summer Ave Rt 21 South to Exit 4

Price Information

Listing Price Info

Price Summary:

  • List Price: $748,888
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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

368 Summer Ave vs Newark

13 DAYS ON ROCKET

-62 Days

$748,888

+$352.7K More

KEY TAKEAWAY

This property is $352.7K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3930407

Listing Office:

  • Office Name: REAL
  • Office Phone: (347) 439-1807

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 12:55:46 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,805

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,312

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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.

Elementary School

school-card-donut-1864248
2
/10

  • Roberto Clemente Elementary School

  • 257 Summer Ave

  • 0.27 miles

  • Public District Grades PK-4

High School

school-card-donut-1864249
8
/10

  • Technology High School

  • 223 Broadway

  • 0.48 miles

  • Public District Grades 9-12

school-card-donut-1864250
1
/10

  • Barringer High School

  • 90 Parker St

  • 0.85 miles

  • Public District Grades 9-12

school-card-donut-1864251
1
/10

  • Central High School

  • 250 18th Ave

  • 2.71 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,052. The majority of Newark, NJ residents have income between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 368 Summer Ave

What is the listing price of this property?

The listing price of 368 Summer Ave property is $748,888.

What type of property is this?

The property 368 Summer Ave is land located in Newark City, New Jersey, 07104.

Is this property for sale now?

Active Listing: 368 Summer Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 368 Summer Ave are:
Roberto Clemente Elementary School: GreatSchools Rating 2/10
Technology High School: GreatSchools Rating 8/10
Barringer High School: GreatSchools Rating 1/10
Central High School: GreatSchools Rating 1/10

How much acreage is this property?

The property 368 Summer Ave is 0.10 acres.
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Rocket Homes›New Jersey›Essex County›Newark›07104›368 Summer Ave

This home is located at 368 Summer Ave in Newark City, NJ and zip code 07104 in the North Ward neighborhood. This home sits on a 0.10 acre lot. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $748,888.

Over 24 listings were sold over their listed price in October 2024 in Newark, NJ. In the same period over 7 listings were sold below the listed price and 3 listings were sold for the listed price. The number of homes for sale in Newark, NJ increased by 25.4% between September 2024 and October 2024. Listings spent 75 days on the market in October 2024, and had a median list price of $396,125 during the same period.

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

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