NOT LISTED FOR SALE

1583 E 16th St Brooklyn, NY 11230

Midwood Neighborhood

Estimated Value: $856,000 - $1,111,534

3 Beds
2 Baths
1,408 Sq Ft
$734/Sq Ft Est. Value

Last Sold October 05, 2020

Last sale price $725,000 $515 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,269/month

Highlights

  • Wood Flooring
  • 2-minute walk to Kings Highway (B,Q Line)
  • Private Driveway
  • P.S. 197 Kings Highway Academy (The) Rated A-
  • Heating System Uses Steam
  • Back Yard

About This Home

As of October 2020

Midwood - East 16th Street / Avenue P. 1 Family Detached. 7 Large Rooms, 3 Beds, 2 Full Baths + Finished Basement and Driveway. House Needs Renovation but in a Great Location Only a Few Short Blocks to the Kings Highway Retail Corridor and MTA "Q" and "B" trains and B82 Bus Line.

Last Agent to Sell the Property

George Clark

George L Clark Inc Listed on: 06/11/2020

Last Buyer's Agent

George Clark

George L Clark Inc Listed on: 06/11/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,706

Year Built

  • Built in 1920

Lot Details

  • 1,950 Sq Ft Lot
  • Lot Dimensions are 25' x 78'
  • Irregular Lot
  • Back Yard
  • Property is zoned R4-1

Home Design

  • Block Foundation
  • Pitched Roof
  • Siding

Interior Spaces

  • 1,408 Sq Ft Home
  • Wood Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Private Driveway
  • Parking Lot

Utilities

  • Heating System Uses Steam
  • Heating System Uses Oil
  • Oil Water Heater

Listing and Financial Details

  • Tax Block 6763

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,706

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Basement Amenities: Full, Semi-Finished
  • Total Bathrooms: 2.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Beds Total Level2: 3
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 640
  • Building Length: 40.00
  • Building Width: 16.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue P
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 1
  • Parking Attributes: Parking Area
  • Parking Feature Single: Private Drive
  • Property Sub Type: Single Family
  • Prop. Type: Residential
  • Residential Features: None
  • Rooms Total Level1: 4
  • Rooms Total Level2: 3
  • Fill Sq Ft Total: 1408
  • Street Name I D X: 16
  • Street Number I D X: 1583
  • Building Style: Other
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Hardwood
  • Lot Sq Ft: 1950
  • Room Count: 9
  • Total Rooms: 7

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Exterior: Siding
  • Foundation Details: Block
  • Lot Number: 62
  • Roof: Pitched

Utilities

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

Lot Info

  • Lot Dimensions: 25' x 78'
  • Lot Size Irregular: Yes
  • Lot Size Length: 78
  • Lot Size Width: 25
  • Zoning: R4-1

Tax Info

  • Flip Tax Amount: 6706.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Oct 5, 2020
Sold by
Peter A Policarpo Trustee and Rosemarie Chirdo Trustee
Bought by
Xu Chao Min
Seller's Agent
George Clark
George L Clark Inc
Buyer's Agent
George Clark
George L Clark Inc
Sold Price
$725,000
Current Estimated Value
$1,033,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,884
Avg. Annual Appreciation
7.53%
Original Mortgage
$471,000
Outstanding Balance
$420,078
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$613,806

Purchase Details

Closed on
Nov 7, 2011
Sold by
Policarpo Peter A
Bought by
Patricia Antonelli and Trustee U/A 1/11

Purchase Details

Closed on
May 26, 1994
Sold by
Policarpo Nicodemo E
Bought by
Policarpo Peter A
Source: Public Records

Range of Values:

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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
Xu Chao Min $725,000 --
Xu Chao Min $725,000 --
Patricia Antonelli -- --
Antonelli Patricia -- --
Policarpo Peter A -- Commonwealth Land Title Ins
Policarpo Peter A -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xu Chao Min $471,000
Closed Xu Chao Min $471,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2020 10/05/20 Sold $725,000 -- $515 / Sq Ft
06/11/2020 06/11/20 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 $7,636 $58,980 $16,020 $42,960
2024 $7,636 $53,160 $16,020 $37,140
2023 $7,284 $56,160 $16,020 $40,140
2022 $6,755 $52,920 $16,020 $36,900
2021 $7,122 $44,340 $16,020 $28,320
2020 $3,365 $45,540 $16,020 $29,520
2019 $6,335 $45,540 $16,020 $29,520
2018 $5,795 $29,890 $10,814 $19,076
2017 $5,449 $28,200 $11,820 $16,380
2016 $5,328 $28,200 $12,144 $16,056
2015 $2,989 $27,986 $15,893 $12,093
2014 $2,989 $26,403 $16,614 $9,789
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2020

    George Clark

    George L Clark Inc

    (718) 490-4866

    3 in this area

    97 Total Sales

    George Clark
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 438360

Brooklyn Board of REALTORS®

APN: 06763-0062

New York Kings County Brooklyn 11230 Midwood

1583 E 16th St, Brooklyn, NY

This home is located at 1583 E 16th St, Brooklyn, NY 11230 since 11 June 2020 and is currently estimated at $1,033,884, approximately $734 per square foot. This property was built in 1920. 1583 E 16th St is a home located in Kings County with nearby schools including P.S. 197 Kings Highway Academy (The), Jhs 234 Arthur W Cunningham, and Yeshiva Toras Emes Kaminetz Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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