3 months on rocket

431 Summer Ave, Newark City, NJ, 07104

$610,000

Home List Price

$7,244*

Closing Credit

8 Bedrooms
4 Full Baths
Multi

Location

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431 Summer Ave, Newark$610,000

Buyer Closing Credits

$7,244*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDriveway-Exclusive, Off-Street Parking, See Remarks
Year Built1940
HeatingOther, Electric, Natural Gas
CoolingMulti Unit(s), Other
BasementYes
MLS #3922309
Lot Size0.07 Acres
StatusActive

About 431 Summer Ave

Excellent Location with PARKING! Best Tenants on leases in this Turn Key Impeccable investment property. Professionally Managed, Carefully Qualified and Paying Residents, Meticulous Maintenance and improvements. Seller Financing is Negotiable; Showings preferred on weekends

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story, Triplex
  • Year Built: 1940

Listing Office:

  • Office Name: YALE KENT, LLC.
  • Office Phone: (908) 624-1222

Interior Features

Interior Information:

  • Appliances: Other
  • Basement: Yes
  • Interior: Carbon Monoxide Detector, Drapes, High Ceilings, Smoke Detector, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Curbs, Open Porch(es), See Remarks, Sidewalk, Storm Door(s), Storm Window(s), Thermal Windows/Doors

Parking Information:

  • Parking: Driveway-Exclusive, Off-Street Parking, See Remarks

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Other, Electric, Natural Gas
  • Cooling: Multi Unit(s), Other

Other

Directions Information:

  • Directions: PARK IN FRONT OF THE PROPERTY , but NOT in the driveway

Price Information

Listing Price Info

Price Summary:

  • List Price: $610,000
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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

$400K

Med. Price/SqFt

$220

Avg. Days On Market

14

# of Sold Homes

30

431 Summer Ave vs Newark

95 DAYS ON ROCKET

+81 Days

$610,000

+$210K More

KEY TAKEAWAY

This property is $210K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3922309

Listing Office:

  • Office Name: YALE KENT, LLC.
  • Office Phone: (908) 624-1222

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: 12/18/2024, 9:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$3,112

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,895

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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-4477905
4
/10

  • Roberto Clemente Elementary School

  • 257 Summer Ave

  • 0.42 miles

  • Public District Grades PK-4

school-card-donut-4477906
3
/10

  • Elliott Street Elementary School

  • 721 Summer Ave

  • 0.73 miles

  • Public District Grades PK-4

school-card-donut-4477907
3
/10

  • Garfield Elementary School

  • 360 Belgrove Dr

  • 0.75 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 $32,844. Residents of Newark, NJ typically earn less than $35k each year. Residents typically live in single, no kids family. 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›431 Summer Ave

This home is located at 431 Summer Ave in Newark City, NJ and zip code 07104 in the North Ward neighborhood. This home, which was built in 1940, sits on a 0.07 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 14, 2024 and is currently priced at $610,000.

Over 22 listings were sold over their listed price in November 2024 in Newark, NJ. In the same period over 7 listings were sold below the listed price and 1 listings were sold for the listed price. The number of listings in Newark, NJ increased by 13.5% between October 2024 and November 2024. In November 2024 median list price was $400,000 and the average listing age was 14 days.

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

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