387 Summer Ave
Newark, NJ 07104
5 bd 4 ba 19,998 sqft Lot 3,049 sqft multi_family
Most recent sale
$480,000
Oct 14, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 14, 2022 | Sold | $480,000 | Public Record |
| Sep 30, 2022 | Sold | $480,000 | GardenState |
| Jul 15, 2022 | Listed | $450,000 | MLS #3796414 |
| Dec 17, 2021 | Listed | $599,000 | MLS #21048028 |
| Oct 18, 2021 | Sold | $285,000 | Public Record |
| Feb 19, 2021 | Listed | $300,000 | MLS #21005713 |
| Feb 18, 2021 | Listed | $300,000 | MLS #3692972 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $160,000 | $28,900 | $188,900 | $7,554 |
| 2024 | $160,000 | $28,900 | $188,900 | $7,183 |
| 2023 | $160,000 | $28,900 | $188,900 | $7,042 |
| 2022 | $160,000 | $28,900 | $188,900 | $7,057 |
| 2021 | $160,000 | $28,900 | $188,900 | $7,053 |
| 2020 | $160,000 | $28,900 | $188,900 | $7,178 |
| 2019 | $160,000 | $28,900 | $188,900 | $7,105 |
| 2018 | $160,000 | $28,900 | $188,900 | $6,976 |
| 2017 | $160,000 | $28,900 | $188,900 | $6,725 |
| 2016 | $160,000 | $28,900 | $188,900 | $6,498 |
| 2015 | $160,000 | $28,900 | $188,900 | $6,251 |
| 2014 | $160,000 | $28,900 | $188,900 | $5,858 |
| 2013 | $266,600 | $28,900 | $295,500 | $8,726 |
| 2012 | $22,200 | $68,900 | $91,100 | $3,145 |
| 2010 | $22,200 | $68,900 | $91,100 | $2,897 |
| 2009 | $22,200 | $68,900 | $91,100 | $2,245 |
| 2008 | $22,200 | $68,900 | $91,100 | $2,118 |
| 2007 | $22,200 | $68,900 | $91,100 | $2,018 |
Property facts
Year built
—
Property type
multi_family
Stories
2
Beds
5
Baths
4
Living area
19,998 sqft
Lot size
3,049 sqft
ZIP code
07104
City
Newark
Street
Summer Ave
Coordinates
40.76479, -74.16832
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,880
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 387 Summer Ave last sell?
387 Summer Ave most recently sold on Oct 14, 2022 for $480,000.
What is the current tax assessment for 387 Summer Ave?
The most recent total assessment for 387 Summer Ave (year 2025) is $188,900 with $7,554 in property tax.
How does 387 Summer Ave's assessment compare to its last sale price?
The current assessment is 60.6% below the last sale price of $480,000.
When was 387 Summer Ave built?
The year built for 387 Summer Ave is not in our records.
How does 387 Summer Ave compare to others on Summer Ave?
We track 8 other properties on Summer Ave. Browse the list under "Other properties on Summer Ave" to compare beds, baths, and sale history.
What are the property facts for 387 Summer Ave?
387 Summer Ave is a 5 bed, 4 bath, 19,998 sqft, 3,049 sqft lot multi_family.
Is 387 Summer Ave a flip candidate?
Yes — 387 Summer Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 387 Summer Ave a tax-appeal candidate?
No — 387 Summer Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.0%
Implied 1-yr
-8.0%
2026 Q3
$448.5K
2026 Q4
$438.2K
ZIP 07104 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Summer Ave