NOT LISTED FOR SALE

1824 Summerfield St Ridgewood, NY 11385

Ridgewood Neighborhood

Estimated Value: $842,000 - $1,306,000

4 Beds
2 Baths
-- Sq Ft
2,500 Sq Ft Lot

Last Sold January 11, 2023

Last sale price $690,000

Est. 51% increase in value since last sale

Current estimated payment $6,247/month

56 Days on Market

Highlights

  • Property is near public transit
  • Hot Water Heating System
  • 4-minute walk to Evergreen Park
  • 1 Car Attached Garage

About This Home

As of January 2023

Legal, two family Tudor home in the heart of Ridgewood. Two bedroom unit over two bedroom unit. First floor features huge yard with basement (there is a separate entrance.) House features a driveway, garage, gas heat and close proximity to the M train. Roof was redone within the last few years. Home can be sold with or without tenants. Top floor tenant has been there for five years and has consistently paid rent, even during the pandemic. First floor tenant has been there for 12 years and has consistently paid rent, even during the pandemic. Quiet block close to shopping and restaurants.

Last Agent to Sell the Property

Thomas Caramanno

Compass Greater NY LLC License #10401284464 Listed on: 08/03/2022

Compass Greater NY LLC

Co-Listed By

Jessica Akde Elmazi

Compass Greater NY LLC License #10301218395

Last Buyer's Agent

Thomas Caramanno

Compass Greater NY LLC License #10401284464 Listed on: 08/03/2022

Compass Greater NY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,259

Year Built

  • Built in 1940

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25x100
  • No Common Walls

Parking

  • 1 Car Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Oven

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Is 77 Middle School
  • Flushing High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 82 / 3578
  • Assessor Parcel Number 03578-0082

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,259

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story
  • Property SubType: Multi Family
  • Year Built: 1940
  • New Construction: No
  • Co List Office Mls Id: ONECMPA02
  • Co List Office Phone: 718-423-7700
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven, Refrigerator
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Full
  • Inclusions: Refrigerator
  • Total Bedrooms: 4
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Private, Attached, 1 Car Attached

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water
  • Sewer: Sewer
  • Water Source: Public
  • Hot Water: On Demand

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 77

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Dimensions: 25x100
  • Lot Size Sq Ft: 2500
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 03578-0082
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2022-08-05

Rental Info

  • Lease Considered: No
  • Available Date: 2022-11-28

Multi Family

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

Tax Info

  • Tax Annual Amount: 6259
  • Tax Block: 3578
  • Tax Lot: 82
  • Tax Map Number: 03578-0082
  • IncludedInTaxes: Sewer

MLS Schools

  • High School: Flushing High School
  • Middle School District: Queens 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2022
Closed on
Jan 11, 2023
Sold by
Lee Amy Y and Lee Ben H
Bought by
Summerfield Cfa Llc
Seller's Agent
Thomas Caramanno
Compass Greater NY LLC
Buyer's Agent
Thomas Caramanno
Compass Greater NY LLC
List Price
$849,888
Sold Price
$690,000
Premium/Discount to List
-$159,888
-18.81%
Views
6
Current Estimated Value
$1,040,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,194
Avg. Annual Appreciation
16.96%
Original Mortgage
$656,000
Outstanding Balance
$636,703
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$403,491
Source: Public Records

Range of Values:

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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
Summerfield Cfa Llc $690,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Summerfield Cfa Llc $656,000
Previous Owner Lee Ben H $4,061
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2023 01/11/23 Sold $690,000 -7.9% --
09/28/2022 09/28/22 Pending -- -- --
09/27/2022 09/27/22 Price Changed $749,000 -11.9% --
08/03/2022 08/03/22 For Sale $849,888 -- --
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 $7,075 $36,202 $6,426 $29,776
2024 $7,075 $35,225 $6,583 $28,642
2023 $6,675 $33,232 $6,099 $27,133
2022 $6,259 $58,920 $11,640 $47,280
2021 $6,598 $48,840 $11,640 $37,200
2020 $6,386 $49,920 $11,640 $38,280
2019 $6,141 $49,980 $11,640 $38,340
2018 $5,645 $27,693 $6,003 $21,690
2017 $5,326 $26,126 $7,509 $18,617
2016 $5,223 $26,126 $7,509 $18,617
2015 $2,973 $25,140 $9,720 $15,420
2014 $2,973 $24,462 $9,458 $15,004
Source: Public Records

Agents Affiliated with this Home

  • Thomas Caramanno

    Seller's Agent in 2023

    Thomas Caramanno

    Compass Greater NY LLC

    (347) 776-8697

    2 in this area

    68 Total Sales

    Thomas Caramanno
    Section Image
  • Jessica Akde Elmazi

    Seller Co-Listing Agent in 2023

    Jessica Akde Elmazi

    Compass Greater NY LLC

    (718) 423-7700

    2 in this area

    223 Total Sales

    Jessica Akde Elmazi
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3420865

OneKey® MLS

APN: 03578-0082

New York Queens County Ridgewood 11385 Ridgewood

1824 Summerfield St, Ridgewood, NY

This home is located at 1824 Summerfield St, Ridgewood, NY 11385 since 03 August 2022 and is currently estimated at $1,040,194. This property was built in 1940. 1824 Summerfield St is a home located in Queens County with nearby schools including P.S. 68 - Cambridge, Joseph F. Quinn Intermediate School 77, and Sacred Heart School.

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