NOT LISTED FOR SALE

16-71 Summerfield St Unit 4 B Ridgewood, NY 11385

Ridgewood Neighborhood

Estimated Value: $501,000 - $591,000

1 Bed
1 Bath
661 Sq Ft
2021 Built

Last Sold June 03, 2024

Last sale price $525,000 $794 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,543/month

Highlights

  • Wood Flooring
  • 4-minute walk to Halsey Street (L Line)
  • Laundry Facilities
  • No HOA
  • Central Air
  • No Heating

About This Home

As of July 2024

Welcome to this stunning, totally renovated 1-bedroom, 1-bathroom condo located at 16-71 Summerfield St in Ridgewood.
This modern home offers a total of 661 square feet of living space, featuring oversized windows that flood the space with natural light.

As you step inside, you'll be greeted by the warmth of the hardwood floors that flow throughout the property. The open layout seamlessly connects the living, dining, and kitchen areas, creating a perfect space for both relaxation and entertainment.

The kitchen is equipped with high-end appliances and sleek cabinetry, making it a chef's dream. The bedroom is spacious and boasts ample closet space, while the bathroom features modern fixtures and finishes.

This condo also offers access to fantastic building amenities, including a gym, common roof deck, and remote doorman service for added convenience and security. The building also features a video intercom system and an elevator for easy access.

For those in need of parking, on-site parking is available for rent. Central AC ensures year-round comfort, and laundry facilities are conveniently located within the building.

Don't miss the opportunity to make this stylish condo your new home. Ridgewood has been named one of the hottest areas for restaurants and cafes. Some favorites include The Footlight, Ridgewood Chocolate, Nowadays, Queens Brewery, Rolo and Evil Twin Brewing, to name a few, and there’s plenty more to explore. The 1671 Summerfield Street Condominium is located within close proximity to the L train at Halsey St and near a handful of bus routes.

Last Agent to Rent the Property

Susan Molloy

Compass License #10401257923 Listed on: 06/07/2024

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,034

Year Built

  • Built in 2021

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 661 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Property Available on 6/15/24

Community Details

Overview

  • No Home Owners Association
  • 28 Units
  • Ridgewood Subdivision
  • 5-Story Property

Amenities

  • Laundry Facilities

Condo Details

Home Type

Condominium

Est. Annual Taxes

$10,034

Year Built

Built in 2021

Lot Details

0

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2024-06-15

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Ridgewood
  • Entry Level: 4
  • Structure Type: Multi Family
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 661.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: Common On Floor, Common Area
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Association: No
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 0.000000x0.000000

Building Info

  • New Construction: No
  • Units: 28
  • Total Stories: 5
  • Year Built: 2021

Tax Info

  • Tax Block: 00000
  • Tax Lot: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2024
Closed on
Jun 4, 2024
Sold by
Summerfield Group Ventures Llc
Bought by
Haldipur Vrushali and Marballi Gaurav
Seller's Agent
Susan Molloy
Compass
Sold Price
$3,000
Views
6
Current Estimated Value
$516,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$513,069
Avg. Annual Appreciation
2.20%
Original Mortgage
$341,250
Outstanding Balance
$337,059
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$204,180
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
Haldipur Vrushali $525,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haldipur Vrushali $341,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/04/2024 07/04/24 Rented $3,000 0.0% --
07/03/2024 07/03/24 Under Contract -- -- --
06/22/2024 06/22/24 Price Changed $3,000 -6.3% $5 / Sq Ft
06/07/2024 06/07/24 For Rent $3,200 0.0% --
06/03/2024 06/03/24 Sold $525,000 -1.9% $794 / Sq Ft View Prior Sale
04/04/2024 04/04/24 Pending -- -- --
01/24/2024 01/24/24 For Sale $535,000 -- $809 / 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 $10,034 $83,294 $5,427 $77,867
2024 $10,034 $80,260 $3,807 $76,453
2023 $9,739 $77,897 $2,187 $75,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10979159

Real Estate Board of New York (REBNY)

APN: 03554-1118