NOT LISTED FOR SALE

Estimated Value: $2,531,000 - $3,905,000

2 Beds
2 Baths
2,109 Sq Ft
$7,321/mo HOA Fee

Last Sold January 19, 2023

Last sale price $3,400,000 $1,612 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $29,071/month

122 Days on Market

Highlights

  • 4,217 Sq Ft lot
  • 2-minute walk to 5 Avenue-59 Street
  • Views
  • East Side Elementary School, P.S. 267 Rated A
  • Pre War Building
  • 3-minute walk to Grand Army Plaza

About This Home

As of January 2023

Located steps from Fifth Ave, Madison Ave and Central Park, this Neo-French classic style mansion features old world elegance and European charm located in a full-service, White glove condominium building. This unique one-of-a-kind home with 16.4 high ceilings is available for the first time in more than 35 years. Three large French bay windows with original wrought iron balconies and a wood burning fireplace completes the expansive living room which adjoins a formal dining area with abundant space for entertaining-beyond there is a windowed kitchen with bar style seating and a bedroom that can also be used as a home office with a full bath, as well as a laundry room that completes the first floor of this unique duplex home. The primary bedroom suite with a Spa like bathroom and abundant closet space enjoys lush views of the historically remarkable mansions which the elegant tree-lined E 62nd St. is known for.

This magnificent Pre-War 42-foot-wide limestone facade mansion, designed by Horace Trumbauer, America's greatest classical revivalist architect, is one of the few remaining examples of Mr. Trumbauer's “Great Houses” in New York City. Originally built in 1903 for John R. Drexel and his wife, later converted into apartments in the 1930's when Ernest Hemingway lived in the mansion and wrote The Snows of Kilimanjaro. The Spencer condominium with its elaborate architectural detailed reception hall offers residents 24-hour doorman service.

Last Agent to Sell the Property

Lisa Maysonet

Sothebys International Realty License #30ma0506611 Listed on: 07/08/2022

Sothebys International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $30,900

Year Built

  • Built in 1903

HOA Fees

  • $7,321 Monthly HOA Fees

Home Design

  • Pre War Building

Interior Spaces

  • 2,109 Sq Ft Home
  • Wood Burning Fireplace
  • Property Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Utilities

  • Central Air

Community Details

  • 12 Units
  • Lenox Hill Subdivision
  • 6-Story Property

Property Details

Home Type

Condominium

Est. Annual Taxes

$30,900

Year Built

Built in 1903

Lot Details

0

HOA Fees

$7,321 per month

Listing Details

  • Exposures: North,South,West
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Lenox Hill
  • Architectural Style: Prewar
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Interior Features: Separate/Formal Dining Room
  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 2109.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • View: Park/Greenbelt
  • View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 7321.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Area: 4217.0
  • Lot Size Dimensions: 42.0 x 100.42

Building Info

  • New Construction: No
  • Units: 12
  • Total Stories: 6
  • Year Built: 1903

Tax Info

  • Tax Block: 0
  • Tax Annual: 30900.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Jan 19, 2023
Sold by
Ades Sylvia
Bought by
Rodriques Kelly
Seller's Agent
Lisa Maysonet
Sothebys International Realty
List Price
$3,999,000
Sold Price
$3,400,000
Premium/Discount to List
-$599,000
-14.98%
Views
2
Current Estimated Value
$3,282,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$117,242
Avg. Annual Appreciation
-2.82%
Original Mortgage
$2,000,000
Outstanding Balance
$1,947,884
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,224,344

Purchase Details

Closed on
May 18, 2020
Sold by
Ades Albert J
Bought by
Ades Albert J and Ades Sylvia
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rodriques Kelly $3,400,000 --
Ades Albert J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Kelly $380,000
Open Rodriques Kelly $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2023 01/19/23 Sold $3,400,000 -5.6% $1,612 / Sq Ft
11/08/2022 11/08/22 Pending -- -- --
09/14/2022 09/14/22 Price Changed $3,600,000 -10.0% $1,707 / Sq Ft
07/08/2022 07/08/22 For Sale $3,999,000 -- $1,896 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $41,550 $332,350 $116,035 $216,315
2023 $40,051 $326,494 $116,035 $210,459
2022 $32,750 $340,419 $116,035 $224,384
2021 $38,307 $312,280 $116,035 $196,245
2020 $32,728 $345,882 $116,035 $229,847
2019 $31,840 $338,098 $116,035 $222,063
2018 $37,371 $309,186 $116,036 $193,150
2017 $35,425 $308,509 $116,035 $192,474
2016 $33,568 $305,705 $116,035 $189,670
2015 $17,865 $281,048 $116,036 $165,012
2014 $17,865 $264,657 $116,035 $148,622
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10821062

Real Estate Board of New York (REBNY)

APN: 1377-1102