NOT LISTED FOR SALE

2388 Ocean Ave Unit 8 Brooklyn, NY 11229

Homecrest Neighborhood

Estimated Value: $538,451 - $593,000

1 Bed
1 Bath
1,122 Sq Ft
-- Built

Last Sold September 14, 2017

Last sale price $475,000 $423 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,452/month

Highlights

  • Cooling Available
  • Jhs 234 Arthur W Cunningham Rated A-
  • Laundry Facilities

About This Home

As of September 2017

Luxury one bedroom + loft, 1 bathroom Condo, Condo features washer, Dryer and Laundry area. Elevator. Common Charge of $189. Parking is including. Conveniently located near shops, restaurants, shopping, schools (P.S. 255, I.S. 234), transportation (B49, BM3), and so much more!

Last Agent to Sell the Property

Raymond Ng

Ashford Homes LLC Listed on: 06/08/2017

Last Buyer's Agent

Alice Lee

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $266

Home Design

  • 1,122 Sq Ft Home
  • Entry on the 8th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Carport

Utilities

  • Cooling Available

Listing and Financial Details

  • Tax Block 7298

Community Details

Overview

  • 20 Units
  • Ocean Plaza Condo
  • Property managed by Condo

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$266

Lot Details

0

Listing Details

  • Total Bathrooms: 1.00
  • Baths Total Level1: 1.00
  • Beds Total Level1: 1
  • Borough: Brooklyn
  • 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: No
  • Maintenance Common Fee: 189.00
  • Negotiate Thru: Broker
  • Parking Attributes: 1 Space
  • Parking Feature Single: Carport
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: Dryer, Laundry Area, Washer
  • Rooms Total Level1: 5
  • Fill Sq Ft Total: 1122
  • Street Name I D X: Ocean
  • Street Number I D X: 2388
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Floor: 8
  • Room Count: 5
  • Total Rooms: 4
  • Basement Type: Apartment

Exterior Features

  • Lot Number: 1118

Utilities

  • Air Conditioning Units: 1
  • Utilities: Other

Condo/Co-op/Association

  • Management Company: Condo
  • Manager Phone: 000-000-0000
  • Units In Building: 20

Lot Info

  • Building Project Name: Ocean Plaza Condo

Tax Info

  • Tax Abatement: No
  • Flip Tax Amount: 266.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2017
Closed on
Sep 14, 2017
Sold by
Cho Samuel Churn
Bought by
Chu Wenny
Seller's Agent
Raymond Ng
Ashford Homes LLC
Buyer's Agent
Alice Lee
Sold Price
$475,000
Current Estimated Value
$564,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,113
Avg. Annual Appreciation
2.82%
Original Mortgage
$340,000
Outstanding Balance
$285,279
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$308,014

Purchase Details

Closed on
Feb 23, 2009
Sold by
Ocean Avenue Development Group Llc
Bought by
Cho Samuel Churn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
5.14%
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
Chu Wenny $475,000 --
Cho Samuel Churn $337,500 --
Cho Samuel Churn $337,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chu Wenny $340,000
Previous Owner Cho Samuel Churn $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2017 09/14/17 Sold $475,000 -- $423 / Sq Ft
06/08/2017 06/08/17 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 $5,364 $44,882 $4,523 $40,359
2024 $5,364 $53,223 $4,523 $48,700
2023 $3,998 $46,494 $4,523 $41,971
2022 $2,817 $43,616 $4,523 $39,093
2021 $1,725 $33,148 $4,523 $28,625
2020 $1,000 $36,620 $4,523 $32,097
2019 $195 $36,620 $4,523 $32,097
2018 $199 $35,507 $4,522 $30,985
2017 $199 $29,609 $4,523 $25,086
2016 $201 $29,642 $4,523 $25,119
2015 $157 $27,698 $4,523 $23,175
2014 $157 $27,432 $4,522 $22,910
Source: Public Records

Agents Affiliated with this Home

  • Raymond Ng

    Seller's Agent in 2017

    Raymond Ng

    Ashford Homes LLC

    (646) 996-7933

    1 in this area

    139 Total Sales

    Raymond Ng
    Section Image

  • A

    Buyer's Agent in 2017

    Alice Lee

    (646) 644-8862

    2 in this area

    85 Total Sales

    Alice Lee
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 411317

Brooklyn Board of REALTORS®

APN: 07298-1109

New York Kings County Brooklyn 11229 Homecrest

2388 Ocean Ave Unit 8, Brooklyn, NY

This home is located at 2388 Ocean Ave Unit 8, Brooklyn, NY 11229 since 08 June 2017 and is currently estimated at $564,113, approximately $502 per square foot. 2388 Ocean Ave Unit 8 is a home located in Kings County with nearby schools including P.S. 255 Barbara Reing School, Jhs 234 Arthur W Cunningham, and James Madison High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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