NOT LISTED FOR SALE

16-62 Cornelia St Ridgewood, NY 11385

Ridgewood Neighborhood

Estimated Value: $1,097,000 - $1,189,112

5 Beds
2.5 Baths
-- Sq Ft
1,184 Sq Ft Lot

Last Sold January 14, 2022

Last sale price $905,000

Est. 26% increase in value since last sale

Current estimated payment $6,477/month

31 Days on Market

About This Home

As of January 2022

great two family house located at the heart of Ridgewood. Hardwood floor, skylight, high ceiling basement with separated entrance. walking distant to stores, banks, subway M train and L train, Q55, Q58, B26, B52

Last Agent to Sell the Property

Jamie Zheng

Jamie Realty Group License #10491212408 Listed on: 09/30/2021

Last Buyer's Agent

Jamie Zheng

Jamie Realty Group License #10491212408 Listed on: 09/30/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,092

Year Built

  • Built in 1910

Lot Details

  • 1,184 Sq Ft Lot
  • Lot Dimensions are 19x62.33
  • Two or More Common Walls

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

  • Is 77 Middle School
  • Grover Cleveland High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Heating System Uses Oil
  • Natural Gas Water Heater

Additional Features

  • 2-Story Property
  • Home Energy Rating Service (HERS) Rated Property
  • Finished Basement

Listing and Financial Details

  • Legal Lot and Block 40 / 3547

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,092

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: 2 Story
  • Property SubType: Multi Family
  • Year Built: 1910
  • New Construction: No
  • Attribution Contact: 718-886-0668
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Finished
  • Total Bedrooms: 5
  • Kitchens: 2

Exterior Features

  • Construction Materials: Brick
  • Flood Zone Report: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Baseboard
  • Hot Water: Gas Stand Alone
  • Sewer: Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 77

Lot Info

  • Lot Size Acres: 0.0300
  • Lot Dimensions: 19x62.33
  • Lot Size Sq Ft: 1184.00
  • Lot Size Units: Acres
  • Zoning Description: R6B
  • Property Attached: Yes

Green Features

  • Green Building Verification Type: HERS Index Score

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-01-14
  • Tax Annual Amount: 6092.00
  • Tax Block: 3547
  • Tax Lot: 40

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

MLS Schools

  • High School: Grover Cleveland High School
  • Middle School District: Queens 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2022
Sold by
Chortani Erika
Bought by
Chortani Erika and Chortani Lotfi
Current Estimated Value
$1,139,528

Purchase Details

Listed on
Sep 30, 2021
Closed on
Jan 14, 2022
Sold by
Hernandez Bertha
Bought by
Chortani Erika
Seller's Agent
Jamie Zheng
Jamie Realty Group
Buyer's Agent
Jamie Zheng
Jamie Realty Group
List Price
$998,000
Sold Price
$905,000
Premium/Discount to List
-$93,000
-9.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%
Original Mortgage
$692,250
Outstanding Balance
$638,908
Interest Rate
3.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$500,620
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
Chortani Erika -- --
Chortani Erika $923,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chortani Erika $692,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2022 01/14/22 Sold $905,000 -9.3% --
11/01/2021 11/01/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $998,000 -- --
Source: OneKey® MLS

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 $6,217 $32,784 $3,589 $29,195
2024 $6,217 $30,954 $3,211 $27,743
2023 $6,217 $30,954 $3,545 $27,409
2022 $6,122 $69,420 $8,520 $60,900
2021 $5,796 $57,540 $8,520 $49,020
2020 $5,487 $55,080 $8,520 $46,560
2019 $5,103 $52,200 $8,520 $43,680
2018 $4,961 $25,795 $4,413 $21,382
2017 $4,910 $25,557 $5,148 $20,409
2016 $4,513 $25,557 $5,148 $20,409
2015 $2,688 $22,767 $5,840 $16,927
2014 $2,688 $21,496 $6,623 $14,873
Source: Public Records

Agents Affiliated with this Home

  • Jamie Zheng

    Seller's Agent in 2022

    Jamie Zheng

    Jamie Realty Group

    (718) 309-2982

    2 in this area

    232 Total Sales

    Jamie Zheng
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Map

Source: OneKey® MLS

MLS Number: KEY3346082

OneKey® MLS

APN: 03547-0040

New York Queens County Ridgewood 11385 Ridgewood

16-62 Cornelia St, Ridgewood, NY

Not Listed for Sale

MultiFamily

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