NOT LISTED FOR SALE

1040 Elton St Unit 18 Brooklyn, NY 11208

East New York Neighborhood

Estimated Value: $343,326 - $446,000

3 Beds
1.5 Baths
1,054 Sq Ft
2.23 Acres

Last Sold December 04, 2020

Last sale price $275,000 $261 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,406/month

About This Home

As of December 2020

Large 3 bedroom, 1.5 bath condo unit located on first floor with a terrace. Spacious living and dining combo. Located in MeadowWood @ Gateway condominium complex in the Spring Creek section of Brooklyn. Parking spot available for $50 per month. Needs significant TLC. Property sold AS IS with no representations or warranties and the buyer paying the transfer taxes. Selling Agent to submit the offer to the Listing Agent for review. Listing agent will submit offer to seller via RES.net. Buyer’s agent will be responsible to pay $150 Res.Net Offer Submission Fee on accepted offers at closing. Buyer to provide supporting documents, such as proof of funds, lender prequalification letter, LLC documents, etc.

Last Agent to Sell the Property

Christopher King

Listed on: 03/04/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,865

Year Built

  • Built in 1965

Lot Details

  • 2.23

Parking

  • Parking Lot

Home Design

  • 1,054 Sq Ft Home
  • Garden Apartment

Kitchen

  • Stove

Bedrooms and Bathrooms

  • 3 Bedrooms

Community Details

  • 4 Units
  • Association Phone (718) 649-9400
  • Meadowwood @ Gateway Condos
  • Property managed by Douglass Elliman
  • On-Site Maintenance

Listing and Financial Details

  • Tax Block 4423
  • Property eligible for a tax abatement

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,865

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Additional Fee Includes: Parking
  • Total Bathrooms: 1.50
  • Baths Total Level1: 2.00
  • Beds Total Level1: 3
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: Flatlands
  • Down Payment Required: 10
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: No
  • Maintenance Common Fee: 697.60
  • Negotiate Thru: Broker
  • Parking Attributes: Parking Area
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Rooms Total Level1: 5
  • Fill Sq Ft Total: 1054
  • Street Name I D X: Elton
  • Street Number I D X: 1040
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 1
  • Basement Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Floor: 1
  • Room Count: 7
  • Total Rooms: 5
  • Basement Type: Garden Apartment

Exterior Features

  • Exterior Building Type: Semi-Detached
  • Lot Number: 1522

Utilities

  • Air Conditioning Units: 0
  • Utilities: Heat, Water

Condo/Co-op/Association

  • Management Company: Douglass Elliman
  • Manager Phone: 718-649-9400
  • Units In Building: 4

Lot Info

  • Building Project Name: MeadowWood @ Gateway

Tax Info

  • Tax Abatement: Yes
  • Flip Tax Amount: 3865.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2019
Sold by
Sylvester Layne
Bought by
Brown Tawanda
Current Estimated Value
$374,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,512
Outstanding Balance
$283,791
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$111,291

Purchase Details

Closed on
Jan 7, 2015
Sold by
Hp Meadowwood Housing Development Fund C
Bought by
Layne-Sylvester Ingrid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,726
Interest Rate
3.81%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Brown Tawanda $350,000 --
Layne-Sylvester Ingrid $267,189 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Tawanda $320,512
Closed Brown Tawanda $320,512
Previous Owner Layne-Sylvester Ingrid $258,726
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2020 12/04/20 Sold $275,000 -- $261 / Sq Ft
03/04/2020 03/04/20 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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
2025 $4,068 $38,418 $11,247 $27,171
2024 $4,068 $37,004 $11,247 $25,757
2023 $2,750 $35,382 $11,247 $24,135
2022 $2,497 $32,227 $11,247 $20,980
2021 $2,141 $26,403 $11,247 $15,156
2020 $1,606 $31,672 $11,247 $20,425
2019 $2,015 $30,510 $11,247 $19,263
2018 $2,683 $29,444 $11,248 $18,196
2017 $1,849 $27,638 $11,248 $16,390
2016 $1,849 $19,016 $157 $18,859
2015 $651 $14,835 $156 $14,679
2014 $651 $14,538 $3,343 $11,195
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Christopher King

    (718) 857-3400

    3 in this area

    37 Total Sales

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 437294

Brooklyn Board of REALTORS®

APN: 04423-1529

New York Kings County Brooklyn 11207 East New York

1040 Elton St Unit 18, Brooklyn, NY

This home is located at 1040 Elton St Unit 18, Brooklyn, NY 11208 since 04 March 2020 and is currently estimated at $395,082, approximately $374 per square foot. This property was built in 1965. 1040 Elton St Unit 18 is a home located in Kings County with nearby schools including P.S. 273 Wortman, Van Siclen Community Middle School, and Imagine Me Leadership Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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