NOT LISTED FOR SALE

Estimated Value: $705,000 - $842,000

3 Beds
2 Baths
1,627 Sq Ft
$479/Sq Ft Est. Value

Last Sold September 22, 2020

Last sale price $692,000 $425 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,566/month

29 Days on Market

Highlights

  • Pre War Building
  • 1-Story Property
  • 4-minute walk to Railroad Park

About This Home

As of September 2020

Welcome to 167 East 89th Street. About the space:This beautiful legal two-family home includes a spacious and updated two-bedroom owners unit on top, a large finished one-bedroom rental unit in a partially sunken lower level, and an amazing brick paved backyard with wrapping garden where you can relax and enjoy your morning coffee or bbq and entertain on sunny days. To cap everything off, you will also have your own driveway, and garage! No more double parking to unload groceries, staying home because you do not want to lose your spot, or paying for tickets because you forgot to move your car for alternate side street cleaning days. Throughout this home you will find tons of natural light in both units, pride in ownership and attention to character all around. Starting with the owners unit, youll experience the perfect blend of industrial and organic elements with a charming open concept kitchen composed of freshly finished butcher block counter tops contrasted against a stainless steel refrigerator, and a huge stainless steel industrial farm sink and faucet set. Moving past the kitchen the entire home greets you with warm original hardwood floors, a gigantic king-sized master bedroom, and a well sized second bedroom, currently being used as an office and day room. In the rental unit, high ceilings and large windows keep air flowing and sun shining. Ceramic tiles and adjustable track lights throughout the space set the mood for any occasion be it working from home or enjoying an evening movie. This unit also has a completely remodeled full bath with water efficient two flush toilet, floating sink and tiled shower, enormous studio style bedroom and separate living area as well as 3 points of egress. Conveniently located in the heart of East Flatbush, 167 East 89th Street is located on quiet and well-maintained street surrounded by a ton of neighborhood amenities for shopping and dining, all within walking distance, or a short drive. From here you also have access to the 2,3,4 trains at Utica Ave, or access to the L train, both a 30 minute walk or 15 minute bus ride away. Conveniently located near local schools as well, you are close enough to walk your kids in the mornings, but not close enough to notice when school is in session. In addition to Aesthetic updates, this home has completed a roof rebuild in 2019 by local company Royal Renovators and comes with a 20-year guarantee. The roof is coated with an energy efficient reflective surface that will keep your home cooler in the summer, and warmer in the winters saving you money on heating and cooling costs. The unit also has fully separated electric meters.

Last Agent to Sell the Property

Mark Buford

Corcoran Group License #10401238090 Listed on: 07/05/2020

Corcoran Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 1-Story Property
  • Lot Dimensions are 100.0 x 21.0

Community Details

  • 2 Units
  • East Flatbush Subdivision

Listing and Financial Details

  • Tax Block 4749

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Cross Street: Avenue A & Avenue B
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: East Flatbush
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Beds/Baths

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

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 100.0 x 21.0

Building Info

  • Units: 2
  • Total Stories: 1
  • Year Built: 1935

Tax Info

  • Tax Block: 4749

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2020
Closed on
Sep 22, 2020
Sold by
Chao Robert and Kwon Jee Hye
Bought by
Grose David and Grose Suzette A
Seller's Agent
Mark Buford
Corcoran Group
List Price
$689,000
Sold Price
$692,000
Premium/Discount to List
$3,000
0.44%
Current Estimated Value
$779,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,634
Avg. Annual Appreciation
2.28%
Original Mortgage
$664,987
Outstanding Balance
$588,790
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$190,844

Purchase Details

Closed on
Dec 21, 2018
Sold by
Mcketty Charmaine L and % : Zinkovetsky Law Firm
Bought by
Chao Robert and Kwon Jee Hye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,040
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2006
Sold by
Mcketty Carlyle E and Mcketty Charmaine L
Bought by
Mcketty Charmaine L
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
Grose David $692,000 --
Grose David $692,000 --
Chao Robert $560,000 --
Chao Robert $560,000 --
Mcketty Charmaine L -- --
Mcketty Charmaine L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grose David $664,987
Closed Grose David $664,987
Previous Owner Chao Robert $572,040
Closed Mcketty Charmaine L $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2020 09/22/20 Sold $692,000 +0.4% $425 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
06/22/2020 06/22/20 For Sale $689,000 -- $423 / 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 $5,914 $42,120 $13,320 $28,800
2024 $5,914 $38,640 $13,320 $25,320
2023 $5,642 $42,540 $13,320 $29,220
2022 $5,232 $34,860 $13,320 $21,540
2021 $5,515 $33,420 $13,320 $20,100
2020 $2,856 $31,800 $13,320 $18,480
2019 $4,531 $31,800 $13,320 $18,480
2018 $4,421 $23,150 $10,157 $12,993
2017 $4,152 $21,840 $13,320 $8,520
2016 $4,152 $22,320 $12,357 $9,963
2015 $2,328 $21,398 $12,378 $9,020
2014 $2,328 $20,733 $13,878 $6,855
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10644540

Real Estate Board of New York (REBNY)

APN: 04749-0012