4 months on rocket

416 Summer Ave, Newark, NJ, 07104

$399,000

Home List Price

$4,738*

Closing Credit

3 Bedrooms
3 Full Baths
1,402 SqFt
$285/SqFt
House

Location

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416 Summer Ave, Newark$399,000

Buyer Closing Credits

$4,738*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingSee Remarks
Year Built1905
CoolingCentral Air
MLS #2500168R
Lot Size0.04 Acres
StatusActive

About 416 Summer Ave

An opportunity is here to live in a nice colonial 1/2 Duplex style home. Lots of living space. 3 levels. 3 bedrooms and 3 full baths. Each floor has a full bath and living room. Well maintained and renovated. Inside and outside entrance to the basement, lots of storage and decent backyard.

Property Details

Property Features

Property Information:

  • Architectural Style: 1/2 Duplex
  • Year Built: 1905
  • Stories: 3
  • Living Area: 1,402 SqFt

Listing Office:

  • Office Name: LEGACY REALTY GROUP

Interior Features

Interior Information:

  • Appliances: Other, Gas Water Heater
  • Flooring Type: Laminate
  • Interior: 1 Bedroom, Bath Full, Dining Room, Kitchen, Attic

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: See Remarks

Lot Features

Lot Information:

  • Lot: See Remarks
  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,000
  • Price Per SqFt: $285/SqFt

Tax Information:

  • Annual Amount: $1,934
  • 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

416 Summer Ave vs Newark

140 DAYS ON ROCKET

+65 Days

$399,000

+$2.8K More

$285/SqFt

+$81 More

KEY TAKEAWAY

This property is $2.8K more than the Median Sold Price and $81/SqFt more than other homes in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CJMLS API
  • MLS Number: #2500168R

Listing Office:

  • Office Name: LEGACY REALTY GROUP

IDX The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
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, 11:55:48 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

Aug 14, 2012Home Sold
$42,786
Aug 21, 2007Home Sold
$320,000
Mar 31, 2005Home Sold
$180,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,934$68,700
2019$2,537$68,700
2018$2,446$68,700
2017$2,446$68,700

History based on county public records data.

Payment Calculator

$2,059

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,263

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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-764607
4
/10

  • Roberto Clemente Elementary School

  • 257 Summer Ave

  • 0.37 miles

  • Public District Grades PK-4

school-card-donut-764608
3
/10

  • Elliott Street Elementary School

  • 721 Summer Ave

  • 0.78 miles

  • Public District Grades PK-4

school-card-donut-764609
3
/10

  • Garfield Elementary School

  • 360 Belgrove Dr

  • 0.79 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. The most common annual income of people living in Newark, NJ is between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 416 Summer Ave

What is the listing price of this property?

The listing price of 416 Summer Ave property is $399,000.

What type of property is this?

The property 416 Summer Ave is a house located in Newark, New Jersey, 07104.

Is this property for sale now?

Active Listing: 416 Summer Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,934 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 14, 2012 for $42,786. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 416 Summer Ave has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 416 Summer Ave is 1,402 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 416 Summer Ave is 1905.

Rocket Homes›New Jersey›Essex County›Newark›07104›416 Summer Ave

This home is located at 416 Summer Ave in Newark, NJ and zip code 07104 in the North Ward neighborhood. This 1,402 square foot home, which was built in 1905, sits on a 0.04 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 05, 2024 and is currently priced at $399,000.

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. Between September 2024 and October 2024, Newark, NJ real estate market has seen increase in the number of listings by 25.4%. 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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