NOT LISTED FOR SALE

1216 Locust Ave Brooklyn, NY 11230

Midwood Neighborhood

Estimated Value: $903,000 - $1,147,000

Studio
-- Bath
1,120 Sq Ft
$915/Sq Ft Est. Value

About This Home

This home is located at 1216 Locust Ave, Brooklyn, NY 11230 and is currently estimated at $1,024,715, approximately $914 per square foot. 1216 Locust Ave is a home located in Kings County with nearby schools including P.S. 199 - Frederick Wachtel, Andries Hudde School, and Bet Yaakov Orot Sarah.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2020
Sold by
Kareem Lubna and Kareem Zara
Bought by
Kareem Zara
Current Estimated Value
$1,024,715

Purchase Details

Closed on
Apr 25, 2014
Sold by
Chen Hogan Wei
Bought by
Kareem Lubna and Kareem Zara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,800
Outstanding Balance
$329,874
Interest Rate
4.41%
Mortgage Type
New Conventional
Estimated Equity
$694,841

Purchase Details

Closed on
Aug 4, 1999
Sold by
Lee Kin Ming
Bought by
Chen Hong Wei and Chen Ping

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,800
Interest Rate
7.61%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

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First American

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Quantarium

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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
Kareem Zara -- --
Kareem Lubna $541,000 --
Chen Hong Wei $211,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kareem Lubna $432,800
Previous Owner Chen Hong Wei $168,800
Source: Public Records

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 $6,217 $62,340 $14,280 $48,060
2024 $6,217 $50,280 $14,280 $36,000
2023 $5,938 $44,160 $14,280 $29,880
2022 $5,837 $36,120 $14,280 $21,840
2021 $6,092 $38,400 $14,280 $24,120
2020 $2,858 $45,420 $14,280 $31,140
2019 $5,396 $39,600 $14,280 $25,320
2018 $4,967 $24,364 $7,359 $17,005
2017 $4,967 $24,364 $9,060 $15,304
2016 $4,823 $24,124 $9,882 $14,242
2015 $2,552 $22,767 $11,602 $11,165
2014 $2,552 $21,496 $13,156 $8,340
Source: Public Records

Map

New York Kings County Brooklyn 11230 Midwood

1216 Locust Ave, Brooklyn, NY

Not Listed for Sale

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