Sold for $500,000 on 09/05/23
$500,000
162 Summer Avenue, Newark, NJ 07104
7beds
2,357sqft
Duplex
Built in 1892
-- sqft lot
$711,200 Zestimate®
$212/sqft
$2,418 Estimated rent
Home value
$711,200
$647,000 - $782,000
$2,418/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
INCOME PRODUCING DETACHED MULTI-FAMILY WITH LOW PROPERTY TAXES WITH LOTS OF POTENTIAL AND CONVENIENTLY LOCATED. Rent received was below market value. Major components replaced in the last 2 years include roof, furnace, hot water heater and removal of oil tank. Property is fenced, has a porch and 2,357 square feet per tax records. 1st floor apartment is tenant occupied, on a month-to-month lease and features 2 bedrooms, a living room, eat-in-kitchen, full bath and an area with slop sink. 2nd floor apartment, is vacant and features a living room, eat-in kitchen, 3 bedrooms and full bath. There is a 3rd full bath on the 2nd floor hall. There is a private access to the finished attic and another access from the 2nd floor apartment. SEE MORE SECTION Unit 3 aka as level 3 is the ATTIC. The 2nd floor hall bathroom was intended to be used by those in the attic. Unit 4 aka as level 0 is the basement. Agent is related to owner.
Zillow last checked: 8 hours ago
Listing updated: February 14, 2025 at 07:21pm
Listed by:
Blanca I Merced 732-284-6241,
Coldwell Banker Realty
Bought with:
NON MEMBER MORR
NON MEMBER
Source: MoreMLS,MLS#: 22315698
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- See Remarks
Cooling
- Other
Features
- Flooring: Wood, Laminate
- Basement: Finished,Partial
- Attic: Walk-up
- Number of fireplaces: 1
Interior area
- Total structure area: 2,357
- Total interior livable area: 2,357 sqft
Property
Parking
- Parking features: Off Street, None
Features
- Stories: 2
- Exterior features: Lighting
Lot
- Size: 2,613 sqft
- Dimensions: 25 x 100
- Features: Level
Details
- Parcel number: 1400518000000007
- Zoning description: Multi-Family, Mixed
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Roof: Wood
Condition
- New construction: No
- Year built: 1892
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Newark
- Subdivision: None
Price history
| Date | Event | Price |
|---|---|---|
| 2/10/2025 | Listing removed | $695,000$295/sqft |
Source: | ||
| 2/9/2025 | Listed for sale | $695,000+39%$295/sqft |
Source: | ||
| 9/5/2023 | Sold | $500,000$212/sqft |
Source: | ||
| 6/29/2023 | Pending sale | $500,000$212/sqft |
Source: | ||
| 6/9/2023 | Listed for sale | $500,000$212/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,047 | $159,000 |
| 2024 | $6,047 +0.1% | $159,000 |
| 2023 | $6,042 | $159,000 |
Find assessor info on the county website
Neighborhood: Mount Pleasant
Nearby schools
GreatSchools rating
- 4/10Franklin Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 8/10Technology High SchoolGrades: 9-12Distance: 0.2 mi
- 1/10Barringer High SchoolGrades: 9-12Distance: 0.3 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$711,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$711,200

