398 Summer Avenue

Newark, NJ 07104

$540,000
Last Sold Price
5
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Updated 3-family home in highly sought-after forest hills section of north newark! 1st floor has 2 bedrooms, 1 bath, eat-in kitchen and living room. 2nd floor has 2 bedrooms, 1 bath, eat-in kitchen, bonus room and living room. 3rd floor is 1 bed, 1 bath, eat-in kitchen and living room. Basement is unfinished, the length of the house at standing height. Home includes 3-car parking in front. Pictures are from FIRST and THIRD floors. House is fully occupied at $4,725 rent roll! Fantastic investment!...Updated 3-family home in highly sought-after forest hills section of north newark! 1st floor has 2 bedrooms, 1 bath, eat-in kitchen and living room. 2nd floor has 2 bedrooms, 1 bath, eat-in kitchen, bonus room and living room. 3rd floor is 1 bed, 1 bath, eat-in kitchen and living room. Basement is unfinished, the length of the house at standing height. Home includes 3-car parking in front. Pictures are from FIRST and THIRD floors. House is fully occupied at $4,725 rent roll! Fantastic investment! Home being sold entirely AS-IS, WHERE-IS! TAXES ADJUSTED to $7,500. Please submit offers by Wednesday afternoon. Best and Final.
  1. Listed by LARA ROLO • EXP REALTY, LLC

Property Details for 398 Summer Avenue

Directions
GPS.
Days On Market
43

Location

Add your commute
LISTING UPDATED: 09/20/2023 03:02 AM

Property Details for 398 Summer Avenue

StatusSold
MLS #3784712
Days on Market43
Taxes$5,764 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1889
Lot Size0.06 AC / 2,613 SF
CountyEssex County

Location

Add your commute

Building Information for 398 Summer Avenue

Stories-Residences3Year Built1889Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$3,427 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,947

Property Taxes

$480

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 398 Summer Avenue

Summary
Location and General Information
  • Active Days on Market: 43
  • Renovated Year: 2020
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 611
  • Listing Type: Exclusive Agency
  • Town #: 1614.0
  • Street # Display: 398.0
  • # Parking Spaces: 3
  • County Or Parish: Essex
  • Street Name: Summer Ave
  • Zip Code: 07104-2812
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $5,764
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 314600.0
  • Tax ID For Property: 1614-00611-0000-00004-0001-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year: 2021
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: Assigned, Blacktop, Driveway-Exclusive
  • # Garage Spaces: 0
Property
Lot Information
  • Lot Identifier: 4.01
  • Approximate Lot Size: 30X92.5 2774SF
  • Total Acres: 0.06
  • Construction Date/Year Built: 1889
  • Construction Date/Year Built Des: Historical
Property and Assessments
  • Assessment Bldg: 301400.0
  • Assessment Land: 13200.0
Utilities
  • Cooling: Window A/C(s)
  • Utilities: All Underground
  • Water: Public Water
  • Heating: Baseboard - Hotwater
  • Fuel Type: Gas-Natural
  • Sewer: Public Available
Interior and Exterior Features
Exterior Features
  • Exterior Description: Composition Siding
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Fire Alarm System, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • 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: 1850.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 2775.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Fire Alarm System, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 2 Rent: 1725.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks, Storage
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 1725.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Fire Alarm System, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 1
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 3.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 3 Rent: 1150.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room
  • Unit 3 Rooms: 3.0
  • Unit 3 Security Deposit: 1000.0
  • Unit 3 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $19,430.00
  • Expenses Include: All Utilities, Insurance, Taxes
  • Net Operating Income: $37,270.00
  • Gross Operating Income: $56,700.00

Property History for 398 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 398 Summer Avenue

Taxable ValueLand$13,200Additions$301,400Total$314,600
Tax Record2021$12,195 ($1,016 / month)
Home Facts
Beds0Total Finished SqFt2,459 SqFtAbove Grade Finished SqFt2,459 SqFtStories2Lot Size2,775 SqFtStyleSingle Family ResidenceYear Built1889CountyESSEXAPN14 00611-0000-00004- 01

Schools near 398 Summer Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 12
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Dr. E. Alma Flagg Elementary School
PublicK to 8

Eagle Academy for Young Men of Newark
Public6 to 12

New Park School
PublicPK to 8

McKinley Elementary School
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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 EXP REALTY, LLC, LARA ROLO

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 04/19/2024 11:11 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.