NOT LISTED FOR SALE

Estimated Value: $948,000 - $1,012,000

5 Beds
3 Baths
2,040 Sq Ft
$477/Sq Ft Est. Value

Last Sold August 06, 2024

Last sale price $990,000 $485 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,931/month

25 Days on Market

Highlights

  • City View
  • 2 Car Detached Garage
  • Hot Water Heating System
  • J.H.S. 278 Marine Park Rated A-
  • Central Air

About This Home

As of August 2024

Introducing a stunning attached 2-family brick house located in the desirable neighborhood of Sheepshead Bay/Marine Park. This property is well-maintained and has two stories above a walk-in level. Enter the walk-in level to discover a charming duplex layout. The ground level comprises a generous living space with new floors, a newly renovated kitchen, a dining area, and a new full bathroom. Ascend the stairs to the first floor and find 3 bedrooms and another full bathroom. The second floor features a spacious unit with 2 bedrooms, a living room, a well-appointed kitchen, and a full bathroom. Enjoy the comfort of having split central air conditioning. There is a laundry area with a washer and dryer available for convenience. Step outside from the walk-in level into the backyard, offering outdoor space for relaxation and entertainment. The home is complemented by a community driveway and a double detached garage, providing ample parking and storage space. Building size 18*40 over lot size 18*100. Annual tax of $7,558. Just minutes away from the bustling Avenue U business district, this property offers convenience and accessibility to a plethora of shops, restaurants, and amenities. Public transportation options are also readily available, with the Q Train, B3, B31,B36, B100 and B44-SBS buses nearby.

Last Agent to Sell the Property

Kelly Wu

RE/MAX Edge Brokerage Phone: 718-288-3835 License #10401268467 Listed on: 04/12/2024

RE/MAX Edge

Last Buyer's Agent

Kelly Wu

RE/MAX Edge Brokerage Phone: 718-288-3835 License #10401268467 Listed on: 04/12/2024

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,558

Year Built

  • Built in 1930

Lot Details

  • 1,800 Sq Ft Lot
  • Lot Dimensions are 17.67x100
  • Two or More Common Walls

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2,040 Sq Ft Home
  • City Views
  • Dishwasher
  • Finished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Ps 194 Raoul Wallenberg Elementary School
  • JHS 278 Marine Park Middle School
  • Professional Pathways High School

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 57 / 7340
  • Assessor Parcel Number 07340-0057

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,558

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Multi Family
  • Year Built: 1930
  • New Construction: No
  • Attribution Contact: 718-288-3835
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: Finished
  • Inclusions: A/C Units,Dishwasher,Dryer,Refrigerator,Washer
  • Total Bedrooms: 5
  • Living Area: 2040
  • SquareFootage: 2040.00
  • SquareFootageSource: Floor Plan
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • View: City
  • View YN: Yes
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Description: Detached, 2 Car Detached

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Sewer: Other
  • Water Source: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 278 Marine Park

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Dimensions: 17.67x100
  • Lot Size Sq Ft: 1800
  • Lot Size Units: Acres
  • Parcel Number: 07340-0057
  • Zoning Description: R4
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2024-04-19

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 7558
  • Tax Block: 7340
  • Tax Lot: 57
  • Tax Map Number: 07340-0057

MLS Schools

  • Elementary School: Ps 194 Raoul Wallenberg
  • High School: Professional Pathways High School
  • Middle School District: Brooklyn 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
Aug 6, 2024
Sold by
Varrone Charles
Bought by
Lu Christopher and Lu Shuyuan
Seller's Agent
Kelly Wu
RE/MAX Edge
Buyer's Agent
Kelly Wu
RE/MAX Edge
List Price
$999,000
Sold Price
$990,000
Premium/Discount to List
-$9,000
-0.9%
Views
67
Current Estimated Value
$973,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,774
Avg. Annual Appreciation
0.23%
Original Mortgage
$630,000
Outstanding Balance
$624,468
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$367,933

Purchase Details

Closed on
Nov 2, 2005
Sold by
Varrone Charles
Bought by
Varrone Charles and Varrone Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.07%

Purchase Details

Closed on
Aug 19, 2005
Sold by
Donnell Elena
Bought by
Varrone Charles

Purchase Details

Closed on
Feb 10, 2002
Sold by
Varrone Charles
Bought by
Donnell Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
6.85%

Purchase Details

Closed on
May 1, 2001
Sold by
Donnell Elena
Bought by
Varrone Charles

Purchase Details

Closed on
Aug 4, 1998
Sold by
Varcoyle Partnership
Bought by
Donnell Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
6.49%

Purchase Details

Closed on
Apr 3, 1996
Sold by
Varrone Charles
Bought by
The Varcoyle Partnership
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lu Christopher $990,000 --
Varrone Charles -- --
Varrone Charles -- --
Varrone Charles -- --
Varrone Charles $440,000 --
Varrone Charles $440,000 --
Donnell Elena -- --
Donnell Elena -- --
Varrone Charles -- --
Varrone Charles -- --
Donnell Elena -- Titleserv
Donnell Elena -- Titleserv
The Varcoyle Partnership -- Commonwealth Land Title Ins
The Varcoyle Partnership -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Christopher $630,000
Previous Owner Varrone Charles $300,000
Previous Owner Donnell Elena T $35,000
Previous Owner Donnell Elena $268,000
Previous Owner Donnell Elena $139,000
Closed Varrone Charles $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2024 08/06/24 Sold $990,000 -0.9% $485 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
04/12/2024 04/12/24 For Sale $999,000 -- $490 / Sq Ft
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 $7,531 $55,080 $9,540 $45,540
2024 $7,531 $47,460 $9,540 $37,920
2023 $7,558 $52,620 $9,540 $43,080
2022 $6,737 $49,980 $9,540 $40,440
2021 $6,971 $51,720 $9,540 $42,180
2020 $3,256 $47,460 $9,540 $37,920
2019 $6,537 $47,460 $9,540 $37,920
2018 $6,322 $31,013 $7,753 $23,260
2017 $5,964 $29,258 $6,194 $23,064
2016 $5,518 $27,602 $7,593 $20,009
2015 $3,623 $26,040 $10,620 $15,420
2014 $3,623 $26,040 $10,620 $15,420
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY3544266

OneKey® MLS

APN: 07340-0057