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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
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    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#: 22315698MLS Logo

    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

    DateEventPrice
    2/10/2025Listing removed$695,000$295/sqft
    Source: GSMLS #3944012
    2/9/2025Listed for sale$695,000+39%$295/sqft
    Source: GSMLS #3944012
    9/5/2023Sold$500,000$212/sqft
    Source: MoreMLS #22315698
    6/29/2023Pending sale$500,000$212/sqft
    Source: NJMLS #23017668
    6/9/2023Listed for sale$500,000$212/sqft
    Source: NJMLS #23017668

    Public tax history

    YearProperty taxesTax 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
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    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