NOT LISTED FOR SALE

2388 Ocean Ave Unit 20 Brooklyn, NY 11229

Homecrest Neighborhood

Estimated Value: $658,000 - $688,000

1 Bed
2 Baths
1,166 Sq Ft
2006 Built

Last Sold August 21, 2018

Last sale price $500,000 $429 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,254/month

Highlights

  • Terrace
  • Cooling Available
  • Community Storage Space
  • Jhs 234 Arthur W Cunningham Rated A-
  • Laundry Facilities
  • Secure Lobby

About This Home

As of August 2018

Gorgeous, 2-level, lofted-condo apartment with its own enormous terrace, just coming to market overlooking Ocean Avenue in Homecrest! This is an extraordinary apartment with more than 1,100 square feet of livable space as well as a private rooftop terrace with more than 700 square feet for outdoor activities, like barbecuing, entertaining or simply relaxing in the sunshine! The first floor is an enormous, open-concept living space, with spacious living room, dining room area and high-end kitchen, complete with stainless steel appliances and granite counter tops! This floor also has a beautiful master bedroom with full bathroom en-suite. This great home has lovely hardwood floors throughout, loads of closet space and a washer and dryer in the apartment for added convenience! Up a fashionable flight of stairs is the loft, which can serve as an additional bedroom or an office space! The entire home is flooded with natural light through wide-open windows, making it warm and inviting and flowing out through glass doors and onto the impressive outside rooftop terrace! This is a very impressive place, with an opulent elevator and more than 5 years of tax abatement left! The neighborhood is terrific too, very peaceful and quiet and you’re right on Ocean Avenue and Avenue S; just perfect! Call today!

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $265

Year Built

  • Built in 2006

Interior Spaces

  • 1,166 Sq Ft Home
  • Parquet Flooring

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Terrace

Utilities

  • Cooling Available
  • Gas Available

Listing and Financial Details

  • Tax Block 7298
  • Property eligible for a tax abatement

Community Details

Overview

  • 23 Units
  • Association Phone (646) 732-7382
  • Ocean Plaza Condo
  • Property managed by Ocean Plaza Condo

Amenities

  • Laundry Facilities
  • Secure Lobby
  • Community Storage Space

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$265

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Total Bathrooms: 2.00
  • Baths Total Level1: 2.00
  • Beds Total Level1: 1
  • Borough: Brooklyn
  • Co List Office Mls Id: 117790
  • Co List Office Phone: (718) 942-5952
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue S
  • Cross Street Name2: Avenue T
  • Down Payment Required: 20
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Unknown
  • Maintenance Common Fee: 218.00
  • Negotiate Thru: Broker
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: Dishwasher, Dryer, Laundry Area, Refrigerator, Stove, Terrace, Washer
  • Rooms Total Level1: 4
  • Fill Sq Ft Total: 1166
  • Street Name I D X: Ocean
  • Street Number I D X: 2388
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 1
  • Flooring: Parquet
  • Entry Floor: 6
  • Pets Allowed: No
  • Room Count: 6
  • Total Rooms: 4
  • Basement Type: Loft

Exterior Features

  • Exterior Building Type: Attached
  • Lot Number: 1121

Utilities

  • Air Conditioning Units: 1
  • Utilities: Gas, Heat

Condo/Co-op/Association

  • Management Company: Ocean Plaza Condo
  • Manager Phone: 646-732-7382
  • Units In Building: 23

Lot Info

  • Building Project Name: Ocean Plaza Condo

Tax Info

  • Tax Abatement: Yes
  • Flip Tax Amount: 265.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2018
Closed on
Aug 21, 2018
Sold by
Sherman Eugene and Sherman Kathleen
Bought by
Chen Liyi and Dai Anni
Sold Price
$500,000
Current Estimated Value
$672,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,703
Avg. Annual Appreciation
4.30%
Original Mortgage
$250,000
Outstanding Balance
$218,479
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$454,224

Purchase Details

Closed on
Apr 20, 2012
Sold by
Ocean Avenue Development Group Llc
Bought by
Sherman Eugene and Sherman Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,500
Interest Rate
4.08%
Mortgage Type
New Conventional
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
Chen Liyi $500,000 --
Sherman Eugene $415,740 --
Sherman Eugene $415,740 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Liyi $250,000
Previous Owner Sherman Eugene $348,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2018 08/21/18 Sold $500,000 -- $429 / Sq Ft
04/12/2018 04/12/18 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $7,152 $59,842 $6,030 $53,812
2024 $7,152 $70,963 $6,030 $64,933
2023 $5,231 $61,991 $6,030 $55,961
2022 $3,762 $58,154 $6,030 $52,124
2021 $2,322 $44,197 $6,030 $38,167
2020 $1,335 $50,755 $6,030 $44,725
2019 $197 $48,827 $6,030 $42,797
Source: Public Records

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 419269

Brooklyn Board of REALTORS®

APN: 07298-1121