393 Summer Avenue

Newark, NJ 07104

$511,000
Last Sold Price
5
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to Newark! Great Multi-family Opportunity Awaits! Conveniently located near public transportation and easy NYC access. This Two-family home may be the perfect investment. Live in one unit, or rent both. 393 Summer Ave. was renovated in 2021 and is move in ready. 1st Floor and 2nd Floor units have separate utilities. Top floor features 3 bed / 1 bath incl. an open concept living room & kitchen and hard wood flooring. 1st floor features an open floor plan w/ 2 beds and 1 bath, plus a flex space...Welcome to Newark! Great Multi-family Opportunity Awaits! Conveniently located near public transportation and easy NYC access. This Two-family home may be the perfect investment. Live in one unit, or rent both. 393 Summer Ave. was renovated in 2021 and is move in ready. 1st Floor and 2nd Floor units have separate utilities. Top floor features 3 bed / 1 bath incl. an open concept living room & kitchen and hard wood flooring. 1st floor features an open floor plan w/ 2 beds and 1 bath, plus a flex space w/ an additional bathroom and flex space. The full basement is unfinished and offers room for storage. Fenced in backyard has plenty of space to relax & enjoy. Don't wait. Make this home your own!
  1. Listed by ALLEN D. JONES • COLDWELL BANKER REALTY
  2. Listed by JAAYSYN HICKS

Property Details for 393 Summer Avenue

Directions
Bloomfield Avenue to Summer Avenue
Days On Market
23

Location

Add your commute
LISTING UPDATED: 01/23/2024 04:46 PM

Property Details for 393 Summer Avenue

StatusSold
MLS #3874684
Days on Market23
Taxes$11,772 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1857
Lot Size0.07 AC / 3,049 SF
CountyEssex County

Location

Add your commute

Building Information for 393 Summer Avenue

Stories-Residences2Year Built1857Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$3,770 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,789

Property Taxes

$981

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 393 Summer Avenue

Summary
Location and General Information
  • Active Days on Market: 23
  • Renovated Year: 2021
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 612
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 393.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Summer Ave
  • Zip Code: 07104-2813
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $11,772
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 315100.0
  • Tax ID For Property: 1614-00612-0000-00038-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2022
  • Tax Year: 2022
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width, Concrete, See Remarks
  • # Garage Spaces: 0
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 38
  • Approximate Lot Size: 25X115
  • Total Acres: 0.07
  • Construction Date/Year Built: 1857
  • Construction Date/Year Built Des: Renovated, Standing
Property and Assessments
  • Assessment Bldg: 287400.0
  • Assessment Land: 27700.0
Utilities
  • Cooling: 2 Units, Central Air
  • Utilities: All Underground
  • Water: Public Water
  • Heating: 2 Units, Forced Hot Air
  • Fuel Type: Gas-Natural
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: Privacy Fence
Interior Features
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Full, Unfinished
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 1 Baths: 2.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Lease Expiration: 10-31-2023
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 1 Rent: 1800.0
  • Unit 1 Room Description: Bedrooms, Kitchen, Living Room, See Remarks
  • Unit 1 Rooms: 6.0
  • Unit 1 Security Deposit: 9999.0
  • Unit 1 Sq Ft: 9999.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 03-31-2024
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 2100.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 3150.0
  • Unit 2 Sq Ft: 9999.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $9,999.00
  • Net Operating Income: $9,999.00
  • Gross Operating Income: $9,999.00

Property History for 393 Summer Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 393 Summer Avenue

Taxable ValueLand$27,700Additions$287,400Total$315,100
Tax Record2022$11,772 ($981 / month)
Home Facts
Beds0Total Finished SqFt2,334 SqFtAbove Grade Finished SqFt2,334 SqFtStories2Lot Size2,875 SqFtStyleSingle Family ResidenceYear Built1857CountyESSEXAPN14 00612-0000-00038

Schools near 393 Summer Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 6
Public - PK to 8
Rating
School
Distance
First Avenue Elementary School
PublicPK to 8

Technology High School
Public9 to 12

Franklin Elementary School
PublicPK to 6

Luis Munoz Marin Ele
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COLDWELL BANKER REALTY, ALLEN D. JONES

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/06/2024 07:15 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.