5 months on rocket

319 Summer Ave, Newark, NJ, 07104

$699,000

Home List Price

$8,301*

Closing Credit

11 Bedrooms
4 Full Baths
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

319 Summer Ave, Newark$699,000

Buyer Closing Credits

$8,301*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingNone
HeatingBaseboard, Natural Gas
CoolingGas
BasementYes
FireplaceNone
MLS #23031415
StatusActive
(ACTIVE)

About 319 Summer Ave

This property is a remarkable investment opportunity for savvy investors! Featuring a total of four units, this income-generating gem offers a diverse range of accommodation options. Each unit is set up with an eat-in kitchen, providing convenience and comfort for tenants. Additionally, all units also offer a living room to enjoy movie night. Unit one boasts 2 bedrooms, unit two offers an impressive 4 bedrooms, unit three provides 2 bedrooms, and unit four is equipped with 3 bedrooms, making a total of 11 bedrooms across the property. Currently, all tenants are on a month-to-month lease, presenting an excellent chance for strategic updates and enhancements to maximize the property's potential. The tenant responsibility for all utilities except water ensures a consistent cash flow for investors.Don't miss out on this golden opportunity to invest in a property with numerous possibilities and strong income potential.

Property Details

Property Features

Listing Office:

  • Office Name: Coldwell Banker, Wayne
  • Listing Agent: Lauren Turano

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 11

Exterior Features

Exterior Information:

  • Exterior: Aluminum, None

Parking Information:

  • Attached Garage: No
  • Parking: None

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: Gas

School Info

Assigned Schools Information:

  • Technology High School, Public District Grades 9-12
  • Barringer High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • Roberto Clemente Elementary School, Public District Grades PK-4

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,000

Tax Information:

  • Annual Amount: $6,325
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Newark, NJ

City

Med. List Price

$449.9K

Med. Price/SqFt

$234

Avg. Days On Market

97

# of Sold Homes

24

319 Summer Ave vs Newark

175 DAYS ON ROCKET

+78 Days

$699,000

+$249K More

KEY TAKEAWAY

This property is $249K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #23031415

Listing Office:

  • Office Name: Coldwell Banker, Wayne
  • Listing Agent: Lauren Turano

IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2024 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 7:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,325$224,700
2019$8,298$224,700
2018$7,999$224,700
2017$7,999$224,700

History based on county public records data.

Payment Calculator

$3,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,162

Powered By

Rocket Mortgage

Advertisement

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.

Elementary School

school-card-donut-1082904
2
/10

  • Roberto Clemente Elementary School

  • 257 Summer Ave

  • 0.15 miles

  • Public District Grades PK-4

High School

school-card-donut-1082905
8
/10

  • Technology High School

  • 223 Broadway

  • 0.37 miles

  • Public District Grades 9-12

school-card-donut-1082906
1
/10

  • Barringer High School

  • 90 Parker St

  • 0.74 miles

  • Public District Grades 9-12

school-card-donut-1082907
1
/10

  • Central High School

  • 250 18th Ave

  • 2.59 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,052. Most Newark, NJ residents have annual incomes between $35k-100k. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07104›319 Summer Ave

This home is located at 319 Summer Ave in Newark, NJ and zip code 07104 in the North Ward neighborhood. Features: 11 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 03, 2023 and is currently priced at $699,000.

The number of listings in Newark, NJ increased by 31.1% between February 2024 and March 2024. In March 2024 median list price was $449,995 and the average listing age was 97 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources