NOT LISTED FOR SALE

Estimated Value: $664,000 - $790,000

2 Beds
2 Baths
1,001 Sq Ft
$734/mo HOA Fee

Last Sold May 29, 2015

Last sale price $730,000 $729 Per Sq Ft

Current estimated payment $4,994/month

219 Days on Market

Highlights

  • Newly Remodeled
  • 3-minute walk to Harlem-148 Street
  • Garage
  • Pre War Building
  • Balcony
  • 3-minute walk to Jackie Robinson Park

About This Home

As of May 2015

No lengthly board approval process and no subletting restrictions! Here is your opportunity to invest in a newly constructed (2014), affordable 2BDR/2BTH CONDO in Manhattan's hottest emerging area. Located on a beautiful, tree-lined street, this bright and airy property offers a spacious and bright layout, bamboo floors, washer/dryer and private balcony. This is the first resale to take place in the building so sponsor closing costs do not apply!

Building amenities include a fitness center, storage, elevator and indoor parking for a nominal fee. Proximity to multiple subway and bus routes makes getting downtown a breeze.

With a 15 YEAR TAX ABATEMENT and low common charges, this a fabulous investment or primary residence. With a new generation of students, professionals and new businesses flocking to the area, Northern Manhattan has become an especially attractive place, with its mix of culture, history and affordability.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $492

Year Built

  • Built in 1930 | Newly Remodeled

HOA Fees

  • $734 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 1,001 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • No Cooling

Listing and Financial Details

  • Tax Block 2033

Community Details

Overview

  • Harlem Subdivision
  • 7-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$492

Year Built

Built in 1930 | Newly Remodeled

Lot Details

0

HOA Fees

$734 per month

Listing Details

  • Cross Street: Frederick Douglas Blvd
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: HARLEM
  • Architectural Style: Prewar
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1001.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 734.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Total Stories: 7
  • Year Built: 1930

Tax Info

  • Tax Block: 2033
  • Tax Annual: 492.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2014
Closed on
May 28, 2015
Sold by
Lane Suzanne
Bought by
Budescu Mia and Pelowski Brian
List Price
$849,900
Sold Price
$730,000
Premium/Discount to List
-$119,900
-14.11%
Current Estimated Value
$732,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,359
Avg. Annual Appreciation
-0.14%
Original Mortgage
$584,000
Outstanding Balance
$453,293
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$266,480

Purchase Details

Listed on
Dec 16, 2013
Closed on
Mar 27, 2014
Sold by
P & M 148 Llc
Bought by
Lane Suzanne
Seller's Agent
Rachel Altschuler
Sothebys International Realty
List Price
$671,000
Sold Price
$671,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.40%
Original Mortgage
$603,800
Interest Rate
4.4%
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
Budescu Mia $730,000 --
Lane Suzanne $671,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Budescu Mia $584,000
Previous Owner Lane Suzanne $603,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2015 05/29/15 Sold $730,000 -14.1% $729 / Sq Ft
04/29/2015 04/29/15 Pending -- -- --
09/21/2014 09/21/14 For Sale $849,900 +26.7% $849 / Sq Ft
03/26/2014 03/26/14 Sold $671,000 0.0% $670 / Sq Ft
02/24/2014 02/24/14 Pending -- -- --
12/17/2013 12/17/13 For Sale $671,000 -- $670 / 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 $3,240 $59,544 $5,414 $54,130
2024 $3,240 $57,195 $5,414 $51,781
2023 $1,824 $54,105 $5,414 $48,691
2022 $619 $57,390 $5,414 $51,976
2021 $620 $47,685 $5,414 $42,271
2020 $631 $52,803 $5,414 $47,389
2019 $638 $51,615 $5,414 $46,201
2018 $643 $48,755 $5,415 $43,340
2017 $643 $38,874 $5,415 $33,459
2016 $652 $32,758 $5,414 $27,344
2015 -- $31,866 $5,414 $26,452
2014 -- $32,390 $5,414 $26,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10072164

Real Estate Board of New York (REBNY)

APN: 2033-1119