NOT LISTED FOR SALE

197 Bay 47th St Unit 7 Brooklyn, NY 11214

Gravesend Neighborhood

Estimated Value: $779,000 - $1,261,000

2 Beds
3 Baths
1,622 Sq Ft
2003 Built

Last Sold April 26, 2023

Last sale price $770,000 $475 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,768/month

Highlights

  • Penthouse
  • Terrace
  • Secure Lobby
  • Rooftop Deck
  • Central Air

About This Home

As of April 2023

STUNNING and STYLISH modern 1622 sq ft DUPLEX Penthouse (2 large bedrooms, 3 full baths) with two separate entrances, 9 ft. ceiling, Two Master Suites with bathrooms (both featuring Jacuzzi tubs), WALK-IN CLOSETS and private balconies, modern open concept kitchen with stainless steel appliances with skylight, oversized laundry closet. 500 SQ. FT. TERRACE, where you can enjoy views of Manhattan Skyline and stunning sunsets, with fireworks every Friday during the summer, and a fresh breeze from the ocean - an oasis of comfort and tranquility. You won’t have any problem parking each family member's car in a PRIVATE DRIVEWAY which easily FITS THREE CARS and the 4th can be parked without a problem. This building is conveniently located close to the HWY exit, Bay 50 train station, City busses, Good School, and an array of Shopping options. OPEN HOUSES WEDNESDAY (5PM-7PM), FRIDAY (3PM-5PM), SATURDAY (12PM-2PM) AND SUNDAY (12PM-2PM) BY APPOINTMENT ONLY!

Last Agent to Sell the Property

Olga Loshakova Milis

RE/MAX Edge License #10301215999 Listed on: 10/31/2022

RE/MAX Edge

Last Buyer's Agent

Anna Soboleva

RE/MAX Edge License #10401366828

RE/MAX Edge

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,993

Year Built

  • Built in 2003

Parking

  • Deeded Parking

Home Design

  • 1,622 Sq Ft Home
  • Penthouse
  • Entry on the 3rd floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Septic System

Additional Features

  • Dishwasher
  • Terrace
  • Sprinkler System

Listing and Financial Details

  • Tax Block 6915

Community Details

Overview

  • 7 Units
  • 197 Bay 47Th Street Condos

Amenities

  • Rooftop Deck
  • Secure Lobby

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,993

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Total Bathrooms: 3.00
  • Baths Total Level1: 3.00
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: Cropsey Ave
  • Fee Includes Assessment Y N: Yes
  • Handicap Access Y N U: No
  • Maintenance Common Fee: 416.62
  • Negotiate Thru: Broker
  • Parking Attributes: Deeded
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: Central Air, Dishwasher, Dryer, Refrigerator, Terrace, Washer
  • Fill Sq Ft Total: 1622
  • Street Name I D X: Bay 47th
  • Year Built: 2003
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 2
  • Entry Floor: 3
  • Pets Allowed: Yes
  • Basement Type: Penthouse

Exterior Features

  • Exterior Building Type: Detached
  • Lot Number: 1007

Utilities

  • Air Conditioning Units: 0
  • Utilities: Parking, Septic, Sewer, Sprinkler System, Water

Condo/Co-op/Association

  • Management Company: Self managed
  • Manager Phone: 000-000-0000
  • Pets Allowed: Both Cats & Dogs
  • Units In Building: 7

Lot Info

  • Building Project Name: 197 Bay 47th Street

Tax Info

  • Tax Abatement: No
  • Flip Tax Amount: 6993.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2022
Closed on
Apr 26, 2023
Sold by
Arthur Baskakov As Trustee Of and Baskakov Family Trust
Bought by
Ivanov Ilya
Seller's Agent
Olga Loshakova Milis
RE/MAX Edge
Buyer's Agent
Anna Soboleva
RE/MAX Edge
List Price
$968,000
Sold Price
$770,000
Premium/Discount to List
-$198,000
-20.45%
Current Estimated Value
$982,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,989
Avg. Annual Appreciation
9.29%

Purchase Details

Closed on
May 18, 2022
Sold by
Baskakov Arthur and Baskakova Ivanna
Bought by
Arthur Baskakov As Trustee and Baskakov Family Trust

Purchase Details

Closed on
Oct 8, 2004
Sold by
Jasmine-Ray Holding Corp
Bought by
Baskakov Arthur and Baskakova Ivanna
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
Ivanov Ilya $770,000 --
Arthur Baskakov As Trustee -- --
Baskakov Arthur $529,490 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2023 04/26/23 Sold $770,000 -7.2% $475 / Sq Ft
02/27/2023 02/27/23 Price Changed $829,999 -7.7% $512 / Sq Ft
01/16/2023 01/16/23 Price Changed $899,000 -7.1% $554 / Sq Ft
10/31/2022 10/31/22 For Sale $968,000 -- $597 / Sq Ft
10/31/2022 10/31/22 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $7,905 $106,540 $1,948 $104,592
2024 $7,905 $84,156 $1,948 $82,208
2023 $7,541 $74,381 $1,948 $72,433
2022 $5,245 $68,574 $1,948 $66,626
2021 $6,955 $62,505 $1,948 $60,557
2020 $3,457 $42,432 $1,948 $40,484
2019 $5,651 $42,432 $1,948 $40,484
2018 $4,100 $30,943 $1,207 $29,736
2017 $2,854 $29,192 $1,229 $27,963
2016 $1,721 $27,541 $1,357 $26,184
2015 $529 $27,541 $1,388 $26,153
2014 $529 $27,333 $1,378 $25,955
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2023

    Olga Loshakova Milis

    RE/MAX Edge

    6 in this area

    37 Total Sales

    Olga Loshakova Milis
    Section Image
  • Anna Soboleva

    Buyer's Agent in 2023

    Anna Soboleva

    RE/MAX Edge

    (347) 488-6474

    3 in this area

    12 Total Sales

    Anna Soboleva
    Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 468768

Brooklyn Board of REALTORS®

APN: 06915-1007

New York Kings County Brooklyn 11214 Gravesend

197 Bay 47th St Unit 7, Brooklyn, NY

Not Listed for Sale

Condos

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