NOT LISTED FOR SALE

Estimated Value: $1,409,056 - $1,855,000

7 Beds
3 Baths
2,676 Sq Ft
$612/Sq Ft Est. Value

Last Sold January 10, 2024

Last sale price $1,295,000 $484 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $8,825/month

24 Days on Market

Highlights

  • Property is near public transit
  • Park
  • Hot Water Heating System
  • Wood Flooring
  • Combination Dining and Living Room
  • 2-minute walk to Irving Square Park

About This Home

As of January 2024

Welcome to 248 Eldert Street, a stunning, two-family house, nestled in the vibrant, desired neighborhood of Bushwick Brooklyn. Introducing multi- family dwelling at its best, awaiting your special touch to make it uniquely yours! This well-maintained property presents an incredible opportunity for multigenerational families, investors, or those seeking a spacious home with income generating potential. This home exudes Brooklyn charm and stands amongst a row of similar situated well-maintained homes. With its spacious, layout and desirable location, it is an ideal choice for anyone looking to settle in the thriving community. The two-family townhouse boasts a first-floor duplex, with a full bathroom, a huge, living-room with a sitting and dining area, and a large eat-in kitchen flanked with lots of windows and natural light. The second floor boasts a large front room which can be used as a bedroom or sitting area with three additional bedrooms and a full bathroom. The upstairs apartment includes three bedrooms, a full bath and spacious kitchen overlooking the enclosed backyard. The lovely backyard can be transformed into a cozy patio space for entertaining, family and friends and is accessible through the first floor. Situated in the Bushwick, Section of Brooklyn, this house is prime! You will benefit from the range of amazing opportunities and variety of shops, cafes, restaurants, and entertainment that Brooklyn has to offer. Overall, this is a property you cannot miss! It represents the essence of Brooklyn and an opportunity to be a part of a vibrant neighborhood. Welcome home!

Last Agent to Sell the Property

Evette Ennis

Evette C Ennis Brokerage Phone: 516-561-7161 License #10351207710 Listed on: 09/29/2023

Last Buyer's Agent

Evette Ennis

Evette C Ennis Brokerage Phone: 516-561-7161 License #10351207710 Listed on: 09/29/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,048

Year Built

  • Built in 1910

Lot Details

  • 1,983 Sq Ft Lot
  • Lot Dimensions are 19.83x100
  • Two or More Common Walls

Parking

  • On-Street Parking

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • Combination Dining and Living Room
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • JHS 162 Willoughby Middle School
  • Bushwick Leaders Hs-Acad Excell High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 7 / 3418
  • Assessor Parcel Number 03418-0007

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,048

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Year Built: 1910
  • New Construction: No
  • Attribution Contact: 516-561-7161
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Living Room/Dining Room Combo
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: Finished, Full
  • Total Bedrooms: 7
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Frame, Vinyl Siding
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None, On Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 162 Willoughby (The)

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 19.83x100
  • Lot Size Sq Ft: 1983
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 03418-0007
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-10-06

Rental Info

  • Lease Considered: No

Multi Family

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

Tax Info

  • Tax Annual Amount: 3048
  • Tax Block: 3418
  • Tax Lot: 7
  • Tax Map Number: 03418-0007

MLS Schools

  • High School: Bushwick Leaders Hs-Acad Excell
  • Middle School District: Brooklyn 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2023
Closed on
Jan 9, 2024
Sold by
Harvard Simone D and Mccall-Watson Shameka
Bought by
Lawson Messan
Seller's Agent
Evette Ennis
Evette C Ennis
Buyer's Agent
Evette Ennis
Evette C Ennis
List Price
$1,274,999
Sold Price
$1,295,000
Premium/Discount to List
$20,001
1.57%
Views
39
Current Estimated Value
$1,638,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,514
Avg. Annual Appreciation
12.55%
Original Mortgage
$1,419,183
Outstanding Balance
$1,394,348
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$244,166
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lawson Messan $1,295,000 --
Lawson Messan $1,295,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lawson Messan $1,419,183
Closed Lawson Messan $1,419,183
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2024 01/10/24 Sold $1,295,000 +1.6% $484 / Sq Ft
11/01/2023 11/01/23 Pending -- -- --
10/07/2023 10/07/23 For Sale $1,274,999 -- $476 / 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 $3,195 $100,080 $10,500 $89,580
2024 $3,195 $95,700 $10,500 $85,200
2023 $3,048 $84,600 $10,500 $74,100
2022 $1,416 $69,240 $10,500 $58,740
2021 $1,410 $69,060 $10,500 $58,560
2020 $705 $75,000 $10,500 $64,500
2019 $2,773 $75,000 $10,500 $64,500
2018 $2,550 $12,507 $2,536 $9,971
2017 $1,611 $11,822 $2,205 $9,617
2016 $1,611 $11,164 $2,811 $8,353
2015 $906 $11,146 $2,932 $8,214
2014 $906 $11,046 $3,453 $7,593
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3507570

OneKey® MLS

APN: 03418-0007