Essex County  »  07104  »  Summer Ave  »  523-525 Summer Ave

523-525 Summer Avenue, Newark, NJ 07104 - Property report

Also known as: 523-525 Summer Ave

Property image for 523-525 Summer Avenue, Newark, NJ 07104
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Property type

Commercial-Other (100)

Year built

1940

Acreage

0.244

Sale price

$65,000

General information

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Address
Primary address
523-525 Summer Avenue
ZIP code
07104
County
Essex
Block
680
Lot
52
Neighborhood
North Broadway
Municipality
714
Qualifier
Parcel ID
680-52

Owner

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Sales
Sale date
11/12/1999
Sale price
$65,000
Arm's length
Tax
Tax year
2026
Base tax
$17,692
Building
Property type
Commercial-Other (100)
Stories
2.5
Year built
1940
Exterior structural material
Lot
Acreage
0.244
Zoning & Use
Zoning
Qualified opportunity zone

Area overview

Walk score
74 /100.  Very Walkable
Transit score
62 /100.  Good Transit
Bike score
46 /100.  Somewhat Bikeable
Broadband internet providers and speed map
Types of broadband connections

Ownership information for 523-525 Summer Avenue, Newark, NJ

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 523-525 Summer Avenue, Newark, NJ 07104

Sale date Sale price Buyer name Seller name
11/12/1999 $65,000

*Most recent sale on record for this property.

More about Essex County property records.

Title documents

Date Type Amount Party 1 Party 2 Doc #
08/09/2024 - R Mortgage XXXXXX XXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXX,XXXXXXXXXX XX XXX XXXXXX
04/11/2024 - R Mortgage XXXXXX XXXXX XXXXXXXXX XXXXXXX,XXXXXXXXXX XX XXX XXXXXX
05/17/2023 - R
05/15/2023 - D
Deed and Realty Tax Fees X.X.X. XXXXXXXXXXX, XXX XXXXXX XXXXXXXXX XXXXXXXXXXX
05/28/2021 - R Mortgage X.X.X. XXXXXXXXXXX XXX XXXXXX XXXX
05/28/2021 - R Mortgage X.X.X. XXXXXXXXXXX XXX XXXXXX XXXX
06/06/2019 - R
05/14/2019 - D
Deed and Realty Tax Fees XXX X.X.X. XXXXXXXXXXX, XXX
11/12/1999 - D Deed and Realty Tax Fees

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 523-525 Summer Avenue, Newark, NJ

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2026
Base tax
$17,692
Recent tax assessments
Market value
$442,400
Land value
$42,200
Building value
$400,200

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Tax rate Property tax Y-o-Y change
2025 $442,400 $442,400 3.999 $17,692 +5.15%
2024 $442,400 $442,400 3.803 $16,824 +2.01%
2023 $442,400 $442,400 3.728 $16,493 -0.21%
2022 $442,400 $442,400 3.736 $16,528 +0.05%
2021 $442,400 $442,400 3.734 $16,519 -1.74%
2020 $442,400 $442,400 3.8 $16,811 -12.87%
2019 $513,000 $513,000 3.761 $19,294 +1.84%
2018 $513,000 $513,000 3.693 $18,945 +3.74%
2017 $513,000 $513,000 3.56 $18,263 +3.49%
2016 $513,000 $513,000 3.44 $17,647 +3.96%

Permit information for 523-525 Summer Avenue, Newark, NJ

No recently recorded permits for this property.

Demographics by ZIP code

Total population
52,266
Median age
36.5
Average household income
$74,052
Family households
60.7%
People per household (average)
2.55
Occupied housing units
20,207
Owner-occupied units
28.4%
Median year structure built
1964
Median value mortgaged units
$409,400
Median value unmortgaged units
$265,700

Risk

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FEMA flood zones

FEMA flood zones
X

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map

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Frequently asked questions

What is the year built for 523-525 Summer Avenue, Newark, NJ 07104?

The development at 523-525 Summer Avenue, Newark, NJ 07104 was built in 1940.

When was 523-525 Summer Avenue, Newark, NJ 07104 last sold and what was the sale price?

523-525 Summer Avenue, Newark, NJ 07104 was last sold on 11/12/1999 for $65,000.

What is the assessed value of 523-525 Summer Avenue, Newark, NJ 07104?

523-525 Summer Avenue, Newark, NJ 07104 is currently assessed at $442,400.

What are the property taxes for 523-525 Summer Avenue, Newark, NJ 07104?

The property taxes for 523-525 Summer Avenue, Newark, NJ 07104 total $17,691.

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