741 Summer Ave, Newark City, NJ, 07104

Location

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741 Summer Ave, Newark$539,000

Buyer Closing Credits

$6,401^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeMulti Family

ParkingOn-Street Parking

Year Built9999

HeatingMulti Unit(s), Forced Air, Natural Gas

CoolingMulti Unit(s), Central Air

BasementYes

MLS #3932556

Lot Size0.06 Acres

StatusActive

About 741 Summer Ave

Just Listed! Two-Family Home Perfect for Investors or Homeowners! Two-family home featuring two spacious units, each with 3 bedrooms and 1 bath, offering strong rental potential in a high-demand area. Ideal for investors or homeowners looking to offset costs by renting one unit, with separate utilities for each apartment. Conveniently located near shopping, schools, recreational areas, and major transit options for an easy NYC commute.

Property Details

Property Features

Property Information:

Architectural Style: 2-Two Story
Year Built: 9999

Listing Office:

Office Name: NIGITO REAL ESTATE LLC
Office Phone: (201) 261-2100

Interior Features

Interior Information:

Basement: Yes

Bedroom and Bathroom Information:

Full Bathrooms: 2
Total Bedroom Count: 6

Exterior Features

Exterior Information:

Exterior: Deck

Parking Information:

Parking: On-Street Parking

Lot Features

Lot Information:

Lot Size: 0.06 Acres

Utilities

Utilities Information:

Heating: Multi Unit(s), Forced Air, Natural Gas
Cooling: Multi Unit(s), Central Air

Other

Directions Information:

Directions: GRAFTON AVE TO SUMMER AVE

Price Information

Listing Price Info

Price Summary:

List Price: $539,000

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Housing Market Comparison

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

Newark, NJ

City

Med. Sold Price

$396.1K

Med. Price/SqFt

$204

Avg. Days On Market

# of Sold Homes

741 Summer Ave vs Newark

8 DAYS ON ROCKET

-67 Days

$539,000

+$142.8K More

KEY TAKEAWAY

This property is $142.8K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

MLS Number: #3932556

Listing Office:

Office Name: NIGITO REAL ESTATE LLC
Office Phone: (201) 261-2100

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Last updated on: 11/14/2024, 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.

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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

/10

Elliott Street Elementary School
721 Summer Ave
Distance between this listing and this school0.06 miles
Public District Grades PK-4

/10

Belleville Ps8
183 Union Ave
Distance between this listing and this school0.92 miles
Public District Grades KG-6

/10

Garfield Elementary School
360 Belgrove Dr
Distance between this listing and this school0.98 miles
Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

43%

<35k

44%

35k-100k

10%

100k-200k

200k+

What level of education do the neighbors have?

High School: 59%
Post Secondary: 37%
Masters: 4%

What types of families live nearby?

46%

Single, No Kids

27%

Single, with Kids

12%

Married, No Kids

15%

Married, with Kids

Are the neighbors home owners or renters?

Renters: 78%
Home Owners: 22%

How old are people in this area?

19%

<11 yrs old

12-17 yrs old

31%

18-34 yrs old

35%

35-64 yrs old

65+ yrs old

What do the neighbors do for fun?

Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)

Where do the neighbors shop?

H&M
Burlington
Ross Dress For Less

Where do the neighbors go to eat?

Boston Market
White Castle
Jack In The Box

What do the neighbors drive?

Honda
Kia
Nissan

What do the neighbors listen to?

Rhythmic Contemporary Hits
Urban Adult Contemporary

The neighbors living near this home have an average income of $41,786. The majority of Newark, NJ residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07104›741 Summer Ave

This home is located at 741 Summer Ave in Newark City, NJ and zip code 07104 in the North Ward neighborhood. This home, which was built in 9999, sits on a 0.06 acre lot. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 05, 2024 and is currently priced at $539,000.

Newark, NJ housing market in October 2024 saw over 24 listings sold above listed price, more than 3 sold at listed price and over 7 sold below. The inventory of homes for sale in Newark, NJ between September 2024 and October 2024 increased by 25.4%. The median list price of listings available in October 2024 was $396,125, while the average time on the real estate market was 75 days.

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Lot Features

Utilities

Other

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

More Resources

More Homes For Sale in Newark

Homes For Sale in Nearby Cities

Housing Market Reports in Essex County