NOT LISTED FOR SALE

Park Lane Tower 116-24 Grosvenor Ln Unit 16B Richmond Hill, NY 11418

Kew Gardens Neighborhood

Estimated Value: $429,000 - $511,000

1 Bed
1 Bath
761 Sq Ft
$625/mo HOA Fee

Last Sold June 30, 2021

Last sale price $490,000 $644 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,668/month

12 Days on Market

About This Home

As of June 2021

This bright 1 bedroom/1 bathroom condo in amenity laden Park Lane Condominiums boasts a chef's kitchen with stainless steel appliances, granite counter tops, maple cabinetry, and an eat-in breakfast bar. Additional features include oversized windows, hardwood floors and marble tiled bathroom. Concierge, live-in super, laundry center, gym, valet parking, common meeting room, common roof deck and nearby shopping all add to the convenience of living in this well maintained building.

Last Agent to Sell the Property

Jose Nunez

Daniel Gale of Brooklyn LLC License #10301220721 Listed on: 04/25/2021

Daniel Gale of Brooklyn LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,744

Year Built

  • Built in 2006

Lot Details

  • 0.45

HOA Fees

  • $625 Monthly HOA Fees

Home Design

  • 761 Sq Ft Home
  • Entry on the 16th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Community Details

  • 59 Units
  • Kew Gardens Subdivision
  • 17-Story Property

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,744

Year Built

Built in 2006

Lot Details

0

HOA Fees

$625 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kew Gardens
  • Entry Level: 16
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 17

Interior Features

  • Living Area: 761.0
  • Living Area Units: Square Feet
  • Rooms (Total): 2

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 625.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Area: 19503.0
  • Lot Size Dimensions: 80.31 x 200.0

Building Info

  • New Construction: No
  • Units: 59
  • Total Stories: 17
  • Year Built: 2006

Tax Info

  • Tax Block: 0
  • Tax Annual: 3744.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2021
Closed on
Jun 29, 2021
Sold by
Arkhipova Vera
Bought by
Lewis Taylor
Seller's Agent
Jose Nunez
Daniel Gale of Brooklyn LLC
List Price
$495,000
Sold Price
$490,000
Premium/Discount to List
-$5,000
-1.01%
Current Estimated Value
$468,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,436
Avg. Annual Appreciation
-1.05%
Original Mortgage
$392,000
Outstanding Balance
$356,449
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$112,115

Purchase Details

Closed on
May 7, 2014
Sold by
Aranbayev Alik and Simko Simko
Bought by
Arkhipova Vera

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,411
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2006
Sold by
Park Lane Assocaites L P
Bought by
Aranbayev Alik and Aranbayev Simkho

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lewis Taylor $490,000 --
Arkhipova Vera $420,000 --
Aranbayev Alik $521,344 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Taylor $392,000
Previous Owner Arkhipova Vera $63,411
Previous Owner Aranbayev Alik $384,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $490,000 -1.0% $644 / Sq Ft
05/07/2021 05/07/21 Pending -- -- --
04/25/2021 04/25/21 For Sale $495,000 -- $650 / 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
2025 $6,563 $53,489 $3,655 $49,834
2024 $6,563 $52,495 $3,655 $48,840
2023 $6,506 $52,039 $3,655 $48,384
2022 $6,179 $56,297 $3,655 $52,642
2021 $4,811 $48,136 $3,655 $44,481
2020 $3,833 $55,787 $3,655 $52,132
2019 $2,764 $51,824 $3,655 $48,169
2018 $1,763 $44,705 $3,655 $41,050
2017 $782 $42,157 $3,655 $38,502
2016 $793 $42,157 $3,655 $38,502
2015 $619 $39,598 $3,655 $35,943
2014 $619 $37,631 $3,655 $33,976
Source: Public Records

Agents Affiliated with this Home

  • Jose Nunez

    Seller's Agent in 2021

    Jose Nunez

    Daniel Gale of Brooklyn LLC

    (516) 650-5339

    1 in this area

    70 Total Sales

    Jose Nunez
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About Park Lane Tower

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10807669

Real Estate Board of New York (REBNY)

APN: 03321-1359

New York Queens County Richmond Hill 11415 Kew Gardens

116-24 Grosvenor Ln Unit 16B, Richmond Hill, NY

This home is located at 116-24 Grosvenor Ln Unit 16B, Richmond Hill, NY 11418 since 25 April 2021 and is currently estimated at $468,564, approximately $615 per square foot. This property was built in 2006. 116-24 Grosvenor Ln Unit 16B is a home located in Queens County with nearby schools including P.S. 51, P.S. 56 - Harry Eichler, and M.S.137 America's School of Heroes.

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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