NOT LISTED FOR SALE

Estimated Value: $1,445,000 - $1,899,982

7 Beds
2 Baths
2,175 Sq Ft
$760/Sq Ft Est. Value

Last Sold August 21, 2018

Last sale price $1,100,000 $506 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $9,586/month

71 Days on Market

About This Home

As of August 2018

NO LONGER AVAILABLE. IN CONTRACT. Charming two-family brick house with parking! This large, semi-detached house measures 20 feet wide by 57 feet deep with windows all down the side to let the sun pour in. The lower apartment has three good-sized bedrooms and could be connected to the semi-finished basement to add a recreation room and more. The upper apartment has three bedrooms plus a study or nursery. The driveway is shared and there is a private garage in the back, along with a back yard. The house needs some updating but is solidly built and was kept up very well. The owner has been actively maintaining all systems as needed, so you could move in with just a few cosmetic changes.The rental income from 1 unit would go a long ways towards helping out with your mortgage, or if you prefer, the house could be very easily converted to a huge single family home where you could really spread out. This house has incredible potential and offers considerable value for the price. Don't miss this chance to create your perfect home here!Chester Avenue is a charming, quiet street close to the commercial activity of Church avenue and only three blocks from the F and G trains.

Last Agent to Sell the Property

Leah Solomon

Compass License #10401247798 Listed on: 05/11/2018

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,292

Year Built

  • Built in 1920

Lot Details

  • 2,483

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Bathrooms

Community Details

  • 2 Units
  • Kensington Subdivision

Listing and Financial Details

  • Tax Block 5313

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,292

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Kensington
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Rooms (Total): 9

Beds/Baths

  • Bathrooms Integer: 2
  • Bedrooms: 7

Building Info

  • Units: 2
  • Year Built: 1920

Tax Info

  • Tax Block: 5313

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2018
Closed on
Aug 21, 2018
Sold by
Wallace Deborah A
Bought by
Rahman Monir A
Seller's Agent
Leah Solomon
Compass
List Price
$1,100,000
Sold Price
$1,100,000
Current Estimated Value
$1,653,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$553,996
Avg. Annual Appreciation
5.10%
Original Mortgage
$932,000
Outstanding Balance
$812,759
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$751,309

Purchase Details

Closed on
Aug 6, 2002
Sold by
Wallace Michael
Bought by
Wallace Deborah A
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
Rahman Monir A $1,165,500 --
Wallace Deborah A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rahman Monir A $932,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2018 08/21/18 Sold $1,100,000 0.0% $506 / Sq Ft
07/22/2018 07/22/18 Pending -- -- --
05/12/2018 05/12/18 For Sale $1,100,000 -- $506 / 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 $9,292 $98,520 $23,580 $74,940
2024 $9,292 $92,760 $23,580 $69,180
2023 $9,355 $86,160 $23,580 $62,580
2022 $9,021 $72,120 $23,580 $48,540
2021 $8,733 $70,740 $23,580 $47,160
2020 $6,550 $78,660 $23,580 $55,080
2019 $7,758 $66,600 $23,580 $43,020
2018 $7,514 $38,319 $11,683 $26,636
2017 $7,369 $37,621 $14,653 $22,968
2016 $6,837 $35,752 $15,681 $20,071
2015 $4,061 $33,729 $18,356 $15,373
2014 $4,061 $32,071 $19,042 $13,029
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10058711

Real Estate Board of New York (REBNY)

APN: 05313-0005