NOT LISTED FOR SALE

1240 Bedford Ave Unit 6B Brooklyn, NY 11216

Bed-Stuy Neighborhood

Estimated Value: $614,000 - $789,704

1 Bed
1 Bath
800 Sq Ft
$302/mo HOA Fee

Last Sold September 28, 2016

Last sale price $525,000 $656 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,022/month

117 Days on Market

Highlights

  • Laundry Facilities
  • 3-minute walk to Franklin Avenue (A,C,S Line)
  • 1-minute walk to John Hancock Playground

About This Home

As of September 2016

Rarely available Penthouse one bedroom condo with massive 400 sq. ft. private deck! Available now at sought after 1240 Bedford Avenue in red hot Bed Stuy.The first of only four units in the Penthouse, so here is your lucky chance to purchase.The fully renovated apartment has been tastefully upgraded with beautiful wood flooring through out the space, high-end chef's kitchen, new bathroom with Jacuzzi tub, and excellent storage space.It doesn't stop here, there is common outdoor space, a central laundry room, onsite Superintendent, and a tax abatement in place until 2030.Enjoy the Juliet balcony just off of your sundrenched living room or take in the amazing views of the neighborhood from your private rooftop deck!The location is excellent. You are a stone's throw from a host of amazing restaurants, cafes, and amenities along Bedford Avenue, Franklin Avenue, Fulton Street, and Nostrand Avenue. You are minutes from NYC via the A/C trains, there is also the Franklin Avenue shuttle, the L.I.R.R nearby, and a number of bus lines.What are you waiting for? Come get the keys to your new home! FIRST SHOWING WILL BE MAY 31ST, 2016, TIME WILL BE POSTED SHORTLY.

Last Agent to Sell the Property

Marsha Yarde

Douglas Elliman Real Estate License #30YA1044526 Listed on: 04/18/2016

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $311

Year Built

  • Built in 2003

HOA Fees

  • $302 Monthly HOA Fees

Home Design

  • 800 Sq Ft Home
  • Entry on the 99th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • No Cooling

Community Details

Overview

  • 43 Units
  • Bed Stuy Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$311

Year Built

Built in 2003

Lot Details

0

HOA Fees

$302 per month

Listing Details

  • Cross Street: Hancock St. / Fulton St.
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: BED-STUY
  • Entry Level: 99
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Living Area: 800.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

  • Bathrooms Integer: 1
  • Bedrooms: 1

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 302.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Units: 43
  • Year Built: 2003

Tax Info

  • Tax Block: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2016
Closed on
Sep 27, 2016
Sold by
Inokon Uduak
Bought by
Li Ting
Seller's Agent
Marsha Yarde
Douglas Elliman Real Estate
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$693,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,176
Avg. Annual Appreciation
3.63%
Original Mortgage
$371,800
Outstanding Balance
$298,585
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$424,217

Purchase Details

Closed on
May 3, 2006
Sold by
You Byung An
Bought by
Inokon Uduak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
6.42%

Purchase Details

Closed on
Sep 16, 2004
Sold by
Gooch Greg P
Bought by
You Byung An

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Li Ting $572,000 --
Inokon Uduak -- --
Inokon Uduak -- --
You Byung An $250,000 --
You Byung An $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Ting $371,800
Previous Owner Inokon Uduak $4,681
Previous Owner Inokon Uduak $59,509
Previous Owner Inokon Uduak $284,000
Previous Owner You Byung An $200,000
Previous Owner Gooch Greg P $29,000
Closed Inokon Uduak $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2016 09/28/16 Sold $525,000 0.0% $656 / Sq Ft
08/29/2016 08/29/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $525,000 0.0% $656 / Sq Ft
06/16/2014 06/16/14 Rented -- -- --
05/17/2014 05/17/14 Under Contract -- -- --
04/26/2014 04/26/14 For Rent $2,200 -- --
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 $311 $42,070 $2,258 $39,812
2024 $311 $42,995 $2,258 $40,737
2023 $305 $39,533 $2,258 $37,275
2022 $304 $37,644 $2,258 $35,386
2021 $3,750 $32,391 $2,258 $30,133
2020 $3,537 $37,268 $2,258 $35,010
2019 $311 $36,305 $2,258 $34,047
2018 $316 $30,419 $2,258 $28,161
2017 $316 $23,879 $2,257 $21,622
2016 $321 $23,699 $2,258 $21,441
2015 $251 $22,592 $2,257 $20,335
2014 $251 $20,817 $2,258 $18,559
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10077152

Real Estate Board of New York (REBNY)

APN: 02000-1041