NOT LISTED FOR SALE

1224 E 87th St Brooklyn, NY 11236

Canarsie Neighborhood

Estimated Value: $503,000 - $862,450

4 Beds
2 Baths
1,120 Sq Ft
$626/Sq Ft Est. Value

Last Sold September 28, 2022

Last sale price $410,000 $366 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $4,121/month

Highlights

  • Wood Flooring
  • Back, Front, and Side Yard
  • Heating System Uses Steam
  • 6 Car Attached Garage

About This Home

As of September 2022

REO BANK-OWNED PROPERTY FOR SALE. OPPORTUNITY TO BUILD YOUR CUSTOM DREAM HOME or INVESTMENT OPPORTUNITY. First 20 days of being on market can only be sold to End-Users with signed affidavit. Come see this Fully Detached Single-Family Home in Canarsie, Brooklyn. This property features a Living Room, Dining Room, Kitchen, 2 Full Bathrooms, 4 Bedrooms, Full Basement, with an Extra Long Driveway and Attached Garage. In Close Proximity to the BM2, B6, B17, B42, B82, B102 buses. A Must See, Present All Offers! REO BANK-OWNED PROPERTY FOR SALE. OPPORTUNITY TO BUILD YOUR CUSTOM DREAM HOME or INVESTMENT OPPORTUNITY. First 20 days of being on market can only be sold to End-Users with signed affidavit.

Last Agent to Sell the Property

Ruslan Mingazov

RE/MAX Edge License #10301217779 Listed on: 08/08/2022

RE/MAX Edge

Last Buyer's Agent

Ruslan Mingazov

RE/MAX Edge License #10301217779 Listed on: 08/08/2022

RE/MAX Edge

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,963

Year Built

  • Built in 1935

Lot Details

  • 3,333 Sq Ft Lot
  • Lot Dimensions are 100 x 33
  • Back, Front, and Side Yard
  • Property is zoned R4A

Home Design

  • Poured Concrete
  • Wood Frame Construction
  • Pitched Roof
  • Aluminum Siding

Interior Spaces

  • 1,120 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 6 Car Attached Garage
  • Shared Driveway

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 8065

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,963

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Basement Amenities: Full, Semi-Finished, Separate Entrance
  • Total Bathrooms: 2.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Borough: Brooklyn
  • Building Length: 32.00
  • Building Width: 20.00
  • Co List Office Mls Id: 118210
  • Co List Office Phone: (718) 612-3088
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue L
  • Cross Street Name2: Avenue M
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 1
  • Parking Attributes: 6+ Spaces, Attached Garage
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Single Family
  • Prop. Type: Residential
  • Residential Features: None
  • Fill Sq Ft Total: 1120
  • Building Stories: 2
  • Street Name I D X: 87th
  • Building Style: Other
  • Waterfront Present: No
  • Year Built: 1935
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 3333

Exterior Features

  • Yard: Back, Front, Side
  • Exterior Building Type: Detached
  • Construction Type: Wood Frame
  • Exterior: Aluminum Siding
  • Foundation Details: Poured Concrete
  • Lot Number: 50
  • Roof: Pitched

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V, 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 33
  • Zoning: R4A

Tax Info

  • Flip Tax Amount: 4963.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 20, 2023
Sold by
1224 E87 Property Llc
Bought by
Best Debbie and Phillips Jason
Current Estimated Value
$701,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$785,510
Outstanding Balance
$759,723
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$58,360

Purchase Details

Listed on
Aug 8, 2022
Closed on
Sep 23, 2022
Sold by
21St Mortgage Corporation
Bought by
1224 E87 Property Llc
Seller's Agent
Ruslan Mingazov
RE/MAX Edge
Buyer's Agent
Ruslan Mingazov
RE/MAX Edge
Sold Price
$410,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.96%

Purchase Details

Closed on
Sep 21, 2017
Sold by
Laspina Esq Gregory
Bought by
21St Mortgage Corporation

Purchase Details

Closed on
Oct 27, 2004
Sold by
Lipchik Jennifer and Lipchik Martin
Bought by
Thomas Edward and Thomas Leslie Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Best Debbie $800,000 --
1224 E87 Property Llc $415,740 --
21St Mortgage Corporation $351,912 --
Thomas Edward $425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Best Debbie $785,510
Previous Owner Thomas Edward $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2022 09/28/22 Sold $410,000 -- $366 / Sq Ft
08/08/2022 08/08/22 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 $5,362 $37,560 $10,920 $26,640
2024 $5,362 $39,480 $10,920 $28,560
2023 $5,381 $38,700 $10,920 $27,780
2022 $4,736 $31,680 $10,920 $20,760
2021 $4,936 $34,740 $10,920 $23,820
2020 $4,709 $29,400 $10,920 $18,480
2019 $4,654 $31,200 $10,920 $20,280
2018 $4,501 $22,080 $8,514 $13,566
2017 $4,246 $20,831 $7,522 $13,309
2016 $3,929 $19,652 $9,101 $10,551
2015 $2,182 $18,540 $9,120 $9,420
2014 $2,182 $18,540 $9,120 $9,420
Source: Public Records

Agents Affiliated with this Home

  • Ruslan Mingazov

    Seller's Agent in 2022

    Ruslan Mingazov

    RE/MAX Edge

    (646) 241-8842

    14 in this area

    239 Total Sales

    Ruslan Mingazov
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 465879

Brooklyn Board of REALTORS®

APN: 08065-0050

New York Kings County Brooklyn 11236 Canarsie

1224 E 87th St, Brooklyn, NY

Not Listed for Sale

Detached

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