NOT LISTED FOR SALE

1481 E 55th St Brooklyn, NY 11234

Flatlands Neighborhood

Estimated Value: $738,000 - $783,000

3 Beds
1 Bath
1,512 Sq Ft
$498/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $592,500 $392 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,600/month

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • Back Yard

About This Home

As of April 2022

Price Improved! Do not miss out! Great 1 Family Home. Currently used as a 1 Bedroom over 1 Bedroom, Finished Base, 3/4 bath, Share Drive, For 1-2 Cars. This home can easily be used as a 3 Bedroom Duplex, Fin Base, There is a Bath on every floor.
Please Follow all Covid Regulations. Agents, Must Escort.

Last Agent to Sell the Property

Barbara Horan

RE/MAX Edge Listed on: 03/09/2021

RE/MAX Edge

Last Buyer's Agent

Teresa Breen

Ben Bay Rlty of Marine Pk LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back Yard
  • Property is zoned r4

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,512 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Finished Basement

Kitchen

  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Shared Driveway

Utilities

  • Heating System Uses Steam
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 7880

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Total Bathrooms: 1.00
  • Baths Total Level1: 1.00
  • Borough: Brooklyn
  • Building Length: 48.00
  • Building Width: 13.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue N
  • Cross Street Name2: Ave M
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 1
  • Parking Attributes: 2 Spaces
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Single Family
  • Prop. Type: Residential
  • Residential Features: Microwave, Refrigerator, Stove, Other
  • Fill Sq Ft Total: 1512
  • Building Stories: 2
  • Street Name I D X: 55th
  • Building Style: Duplex
  • Waterfront Present: No
  • Withdrawal Type: Temporarily off Market
  • Year Built: 1925
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Hardwood
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Construction Type: Wood Frame
  • Exterior: Vinyl Siding
  • Foundation Details: Poured Concrete
  • Lot Number: 28
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: Circuit Breakers
  • Heating Fuel: Electric
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: r4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2021
Closed on
Apr 15, 2022
Sold by
Estate Of Ann M Cardello
Bought by
Chen Jin Mao and Zheng Cai Yun
Seller's Agent
Barbara Horan
RE/MAX Edge
Buyer's Agent
Teresa Breen
Ben Bay Rlty of Marine Pk LLC
Sold Price
$592,500
Current Estimated Value
$775,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,073
Avg. Annual Appreciation
6.54%
Original Mortgage
$420,000
Outstanding Balance
$397,488
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$355,873
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chen Jin Mao $592,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Jin Mao $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2022 04/15/22 Sold $592,500 -- $392 / Sq Ft
03/09/2021 03/09/21 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 $6,872 $41,820 $10,200 $31,620
2024 $6,872 $39,420 $10,200 $29,220
2023 $6,699 $41,220 $10,200 $31,020
2022 $6,398 $37,260 $10,200 $27,060
2021 $6,446 $34,680 $10,200 $24,480
2019 $5,672 $32,820 $10,200 $22,620
2018 $5,305 $27,486 $9,879 $17,607
2017 $5,145 $26,707 $9,400 $17,307
2016 $5,027 $26,698 $9,888 $16,810
2015 $2,819 $25,187 $10,794 $14,393
2014 $2,819 $23,762 $10,161 $13,601
Source: Public Records

Agents Affiliated with this Home

  • Barbara Horan

    Seller's Agent in 2022

    Barbara Horan

    RE/MAX

    (917) 922-2931

    29 in this area

    60 Total Sales

    Barbara Horan
    Section Image

  • T

    Buyer's Agent in 2022

    Teresa Breen

    Ben Bay Rlty of Marine Pk LLC

    (718) 208-6507

    2 in this area

    2 Total Sales

    Teresa Breen
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 449033

Brooklyn Board of REALTORS®

APN: 07880-0028

New York Kings County Brooklyn 11234 Flatlands

1481 E 55th St, Brooklyn, NY

Not Listed for Sale

Detached

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