NOT LISTED FOR SALE

197 Spencer St Unit 1A Brooklyn, NY 11205

Bed-Stuy Neighborhood

Estimated Value: $978,318 - $1,126,000

2 Beds
2.5 Baths
1,675 Sq Ft
$635/mo HOA Fee

Last Sold December 30, 2019

Last sale price $999,000 $596 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,198/month

305 Days on Market

Highlights

  • Rooftop Deck
  • Entrance Foyer
  • Central Air

About This Home

As of December 2019

Seller pays for mansion tax!!

This stunning two-bedroom, convertible three-bedroom, Bed-Stuy duplex provides retreat-like living in heart of the city with great sunlight, expansive living spaces and a glorious 500 sq ft of private yard.

Abundant light and airiness welcome you home in this 1,675-square-foot home's expansive upper level. In the spacious living/dining room, chic wide-plank hardwood paves the floors and exposed brick adds warmth. Entertainers and cooks will love the flexibility and convenience of the spacious open kitchen where glass-front cabinetry, stone counters, a moveable center island and stainless steel appliances provide effortless ease. A powder room and home office line the hallway of the sprawling 65-foot-long upper floor, and at the rear, you'll find a large and tranquil bedroom beautifully outfitted with a large closet and a wall of custom floor-to-ceiling built-ins. Enjoy direct access to the spacious rear yard and a well-appointed marble full bathroom just next door.

Downstairs, a sprawling tiled bedroom suite provides more delightful backyard views, a private full bath, an enormous walk-in closet and convenient in-unit washer-dryer. Just outside, covered in pavers and bordered by fencing and flower beds, the lovely private yard delivers an ideal space for outdoor lounging and entertaining. Either level of this roomy home could easily accommodate a third oversized bedroom without sacrificing space. And, tax abatement in effect until 2030 makes this stunning, expansive home an especially attractive opportunity in the heart of residential Brooklyn.

197 Spencer Street is a handsome limestone and brick boutique condominium building set on a tree-lined street. Residents of the pet-friendly building enjoy virtual doorman service, live-in superintendent and storage. Located at the intersection of Bedford-Stuyvesant and Clinton Hill, you're at the heart of exciting Brooklyn living. Local favorite dining spots Speedy Romeo, Peaches, Mekelberg's, Sugarhill and Rustik Tavern are all nearby, and abundant local parks and playgrounds provide lush outdoor space, including Herbert Von King and Fort Greene parks and the lovely Pratt Institute Sculpture Garden. The G train is just minutes from your door and A/C service is less than a mile away, providing easy access to the rest of the city.

Assessment of $600

Last Agent to Sell the Property

Susie Park

Compass License #30PA1016394 Listed on: 09/25/2018

Compass

Co-Listed By

Andrew Chung

Compass License #10401214288

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20

Year Built

  • Built in 2004

Lot Details

  • 4,008

HOA Fees

  • $635 Monthly HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,675 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7503 / 1763

Community Details

Overview

  • Bedford Stuyvesant Subdivision
  • 9-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$20

Year Built

Built in 2004

Lot Details

0

HOA Fees

$635 per month

Listing Details

  • Cross Street: Willoughby Avenue/De Kalb Avenue
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 9

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 1675.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 635.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 9
  • Year Built: 2004

Tax Info

  • Tax Block: 1763
  • Tax Lot: 7503
  • Tax Annual: 60.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2018
Closed on
Dec 30, 2019
Sold by
Camarena Christopher and Meyerson Stephanie
Bought by
Buonanno Michael and Sklut Katherine
Seller's Agent
Susie Park
Compass
List Price
$999,000
Sold Price
$999,000
Current Estimated Value
$1,048,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,830
Avg. Annual Appreciation
0.84%
Original Mortgage
$549,000
Outstanding Balance
$485,063
Interest Rate
3.6%
Mortgage Type
Unknown
Estimated Equity
$563,767

Purchase Details

Closed on
Nov 15, 2004
Sold by
189 Spencer Llc
Bought by
Camarena Christopher and Meyerson Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.75%
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
Buonanno Michael $999,000 --
Camarena Christopher $430,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buonanno Michael $549,000
Previous Owner Camarena Christopher $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2019 12/30/19 Sold $999,000 0.0% $596 / Sq Ft
11/26/2019 11/26/19 Pending -- -- --
01/24/2019 01/24/19 For Sale $999,000 -- $596 / 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 $20 $122,061 $3,367 $118,694
2024 $20 $117,993 $3,367 $114,626
2023 $20 $107,610 $3,367 $104,243
2022 $20 $104,524 $3,367 $101,157
2021 $20 $98,098 $3,367 $94,731
2020 $10 $110,192 $3,367 $106,825
2019 $20 $106,348 $3,367 $102,981
2018 $21 $104,608 $3,367 $101,241
2017 $21 $96,751 $3,367 $93,384
2016 $21 $101,354 $3,368 $97,986
2015 $16 $91,168 $3,368 $87,800
2014 $16 $87,099 $3,367 $83,732
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10580350

Real Estate Board of New York (REBNY)

APN: 01763-1201