NOT LISTED FOR SALE

Estimated Value: $1,069,000 - $1,569,000

-- Bed
3 Baths
3,120 Sq Ft
$425/Sq Ft Est. Value

Last Sold September 26, 2023

Last sale price $997,000 $320 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $7,597/month

Highlights

  • Wood Flooring
  • 4-minute walk to Kings Highway (B,Q Line)
  • Heating System Uses Steam
  • P.S. 197 Kings Highway Academy (The) Rated A-
  • Multiple cooling system units
  • 4-minute walk to Kelly Playground

About This Home

As of September 2023

Conveniently located in prime Homecrest, sits a fantastic solid brick 2 family home, bay front with private front yard. A spacious 3 bedrooms unit over 2, potentially 3, bedrooms, 2 full and 1 3/4 bathrooms. A full finished basement with high ceilings with front exterior entrance, ideal home office and family rec room. Enjoy your private back yard, perfect for gardening and entertaining. This home also has a new roof. Fully vacant at closing. Amazing location near King Hwy shopping, restaurants, health clinics, the B & Q train, the B7, B82, B31 & B100, and a block away from Kelly Park. Just a short distance away from shopping and restaurants on Avenue U, too!

Last Agent to Sell the Property

Mee Loon Lee

Century 21 Homefront Realty Listed on: 04/01/2023

Last Buyer's Agent

Mee Loon Lee

Century 21 Homefront Realty Listed on: 04/01/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,863

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Limestone

Interior Spaces

  • 3,120 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Laminate

Utilities

  • Multiple cooling system units
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6797

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $4,500
  • Insurance Expense $2,240
  • Utility Expense $686

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,863

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Length: 50.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Kings Hwy
  • Cross Street Name2: Avenue R
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Seller
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Fill Sq Ft Total: 3120
  • Street Name I D X: 14th
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Flooring: Hardwood, Laminate
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick, Limestone
  • Foundation Details: Poured Concrete
  • Lot Number: 61
  • Roof: Flat

Utilities

  • Air Conditioning Units: 2
  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 4500.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20

Multi Family

  • Insurance Expense: 2240.00
  • Unit Count: 2
  • Annual Utility Expenses: 686.00

Tax Info

  • Flip Tax Amount: 6863.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2023
Closed on
Sep 26, 2023
Sold by
Eng Trustee Shun Bik and Eng Trustee Yut Chew
Bought by
Larm Tou Lap and Lee Pui Yan
Seller's Agent
Mee Loon Lee
Century 21 Homefront Realty
Buyer's Agent
Mee Loon Lee
Century 21 Homefront Realty
List Price
$1,188,000
Sold Price
$997,000
Premium/Discount to List
-$191,000
-16.08%
Current Estimated Value
$1,326,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,257
Avg. Annual Appreciation
13.46%
Original Mortgage
$700,000
Outstanding Balance
$686,235
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$640,022

Purchase Details

Closed on
Dec 4, 2017
Sold by
Eng Shun Bik and Eng Yut Chew
Bought by
Shun Bik Eng As Trustee and Shun Bik Eng Living Trust
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
Larm Tou Lap $997,000 --
Shun Bik Eng As Trustee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Larm Tou Lap $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2023 09/26/23 Sold $997,000 -11.8% $320 / Sq Ft
05/04/2023 05/04/23 Price Changed $1,130,000 -4.9% $362 / Sq Ft
04/01/2023 04/01/23 For Sale $1,188,000 -- $381 / Sq Ft
03/30/2023 03/30/23 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 $7,772 $82,920 $12,300 $70,620
2024 $7,772 $79,260 $12,300 $66,960
2023 $7,422 $87,480 $12,300 $75,180
2022 $6,863 $80,580 $12,300 $68,280
2021 $7,152 $62,220 $12,300 $49,920
2020 $7,152 $67,080 $12,300 $54,780
2019 $6,746 $67,080 $12,300 $54,780
2018 $6,208 $30,456 $6,194 $24,262
2017 $6,153 $30,184 $6,090 $24,094
2016 $5,694 $28,483 $5,922 $22,561
2015 $3,434 $28,464 $8,072 $20,392
2014 $3,434 $26,872 $8,944 $17,928
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 472868

Brooklyn Board of REALTORS®

APN: 06797-0061