NOT LISTED FOR SALE

Estimated Value: $1,160,000 - $1,701,000

3 Beds
2 Baths
1,116 Sq Ft
$567/mo HOA Fee

Last Sold May 16, 2023

Last sale price $1,650,000 $1,478 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $8,171/month

Highlights

  • Garage
  • Magnet School of Math Science & Design Technology Rated A
  • 5-minute walk to Detective Joseph Mayrose Park

About This Home

As of May 2023

Welcome to apartment 2F at 1638 8th Street in South Park Slope. This South facing home boasts 1,116 square feet, 3 bedrooms, 2 full bathrooms, and your own garage parking space. The expansive layout offers the comforts of suburban living in the heart of Brooklyn. With 8 closets, storage is no issue in 2F, but also included is a 380 cubic foot private storage unit. Low monthlies of $TBC and a tax abatement running through 2036 TBC make luxury living in Park Slope affordable. The building offers common outdoor spaces, including a rooftop area and a 2,700 square foot common backyard.

Prepare your favorite meal in the separate kitchen complete with dishwasher, stainless steel appliances, and plenty of counter space. Enjoy those meals with guests in your intimate dining room just off the kitchen. In a city where large spaces are hard to come by apartment 2F provides you, not only, with copious outdoor space but room to spread out indoors, as well. The primary suite boasts a large 12' 6" by 12' 4" footprint as well as a 42 square foot dressing area and ensuite bathroom with frameless glass shower stall. You'll also be bathed in natural sunlight by the primary suite's large South facing windows. In addition to the kitchen and dining room the North wing of the apartment also hosts two additional bedrooms and the second full bath, complete with a wide soaking tub, and a home office space. A stone's throw from the F & G at Prospect Park - 15 St. and the R at Prospect Ave the city is just minutes away. 1638 8th Street is also surrounded by fantastic food and shopping. Being just two blocks from Nighthawk Cinema and, of course, Prospect Park means you'll have something exciting to do no matter the weather, right around the corner from your new home.

Last Agent to Sell the Property

Gillian Anderson-Mann

Serhant License #10301220676 Listed on: 04/01/2023

Serhant

Co-Listed By

Sephrah Towbin

Corcoran Group License #10401286451

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,304

Year Built

  • Built in 2010

HOA Fees

  • $567 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,116 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

  • 27 Units
  • The Prospect Terrac Condos

Listing and Financial Details

  • Tax Block 01112

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,304

Year Built

Built in 2010

Lot Details

0

HOA Fees

$567 per month

Listing Details

  • Cross Street: WINDSOR PLACE and PROSPECT AVENUE
  • Property SubType: Apartment
  • Property Type: Residential
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 1116.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Garage/Parking

  • Garage: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 567.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: THE PROSPECT TERRAC
  • Units: 27
  • Total Stories: 4
  • Year Built: 2010

Tax Info

  • Tax Block: 01112
  • Tax Annual: 5304.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2023
Closed on
May 16, 2023
Sold by
Colberg Eugene and Colberg Kelly
Bought by
Im Angela and Skobac Kevin
Seller's Agent
Gillian Anderson-Mann
Serhant
List Price
$100,000
Sold Price
$1,650,000
Premium/Discount to List
$1,550,000
1550%
Current Estimated Value
$1,431,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$218,323
Avg. Annual Appreciation
-5.74%
Original Mortgage
$730,000
Outstanding Balance
$709,702
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$721,975

Purchase Details

Closed on
Mar 23, 2011
Sold by
Prospect Terrace Llc
Bought by
Colberg Eugene and Colberg Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,950
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage
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
Im Angela $1,650,000 --
Colberg Eugene $700,000 --
Colberg Eugene $700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Im Angela $730,000
Previous Owner Colberg Eugene $600,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2023 05/16/23 Sold $1,650,000 +1550.0% $1,478 / Sq Ft
04/01/2023 04/01/23 For Sale $100,000 -- $90 / Sq Ft
03/31/2023 03/31/23 Pending -- -- --
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 $431 $108,209 $13,997 $94,212
2024 $431 $109,970 $13,997 $95,973
2023 $422 $100,650 $13,997 $86,653
2022 $421 $97,319 $13,997 $83,322
2021 $422 $78,758 $13,997 $64,761
2020 $208 $88,959 $13,997 $74,962
2019 $434 $86,221 $13,997 $72,224
2018 $438 $83,210 $13,997 $69,213
2017 $438 $80,487 $13,996 $66,491
2016 $444 $74,274 $13,997 $60,277
2015 $347 $69,822 $13,997 $55,825
2014 $347 $67,676 $13,997 $53,679
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10879834

Real Estate Board of New York (REBNY)

APN: 01112-1123