NOT LISTED FOR SALE

Estimated Value: $1,388,000 - $1,605,000

5 Beds
3 Baths
2,796 Sq Ft
$546/Sq Ft Est. Value

Last Sold March 03, 2020

Last sale price $1,400,000 $501 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $9,087/month

49 Days on Market

About This Home

As of March 2020

This beautiful two-family home is on a tree lined street in Bay Ridge and is comprised of a Garden & Parlor floor duplex with an separate apartment on the 3rd floor as well as a semi-finished basement.



Enter the Garden floor through an inviting vestibule into a spacious Living room with gas fireplace and Dining room; all with hardwood flooring. The open kitchen has a separate dining area, center island, several pantry closets and tile flooring. There is also a full tiled bathroom next to the kitchen. Glass sliding doors off the kitchen leads to a serene backyard, perfect for entertaining with two outdoor decks and paving stone area in between.



Up the stairs to the Parlor floor is 3 bedrooms, office and a full bathroom. The front & rear bedrooms are large in size with an office area in between with 2 closets and is separated by pocket doors. The 3rd bedroom has a closet and is also in the rear of the house. Other Parlor floor features include 10' ceilings, hardwood flooring and tiled decorative fireplace.



The 3rd floor apartment has 2 bedrooms, living room, office, kitchen and full bathroom. There is a semi-finished basement with a recreation room, meter/storage room, and rear storage/boiler room which also has a laundry area. You can also access the rear yard from the basement.



Excellent location with all the conveniences that Bay Ridge has to offer and many transportation options with the 'R' subway, express bus to NYC and easy access to nearby highways only a few blocks away

Last Agent to Sell the Property

Kurt Vikki

Compass License #10401239518 Listed on: 10/03/2019

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,931

Year Built

  • Built in 1910

Lot Details

  • 2,000

Interior Spaces

  • 3-Story Property

Listing and Financial Details

  • Legal Lot and Block 58 / 5886

Community Details

Overview

  • 2 Units
  • Bayridge Subdivision

Amenities

  • Community Garden

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,931

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Cross Street: Ridge Blvd to 3rd Ave
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: BAYRIDGE
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Exterior Features

  • Exterior Features: Building Garden

Garage/Parking

  • Garage: No

Utilities

  • Heating: Building Oil

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 1910

Tax Info

  • Tax Block: 5886
  • Tax Lot: 58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2019
Closed on
Mar 3, 2020
Sold by
Fallon Jacqueline and Golden Maureen F
Bought by
Armstrong Adam C and Jackson Danielle E
Seller's Agent
Kurt Vikki
Compass
List Price
$1,498,000
Sold Price
$1,400,000
Premium/Discount to List
-$98,000
-6.54%
Current Estimated Value
$1,527,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,491
Avg. Annual Appreciation
1.41%
Original Mortgage
$757,500
Outstanding Balance
$673,751
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$838,763

Purchase Details

Closed on
Oct 7, 2004
Sold by
Coughlin Frances and Coughlin Pennington
Bought by
Pennington Premises Trust By Jacqueline Fallo and Pennington Premises Trust By Maureen F Golden
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
Armstrong Adam C $1,400,000 --
Armstrong Adam C $1,400,000 --
Pennington Premises Trust By Jacqueline Fallo -- --
Pennington Premises Trust By Jacqueline Fallo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armstrong Adam C $757,500
Closed Armstrong Adam C $757,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2020 03/03/20 Sold $1,400,000 -6.5% $501 / Sq Ft
11/27/2019 11/27/19 Pending -- -- --
10/08/2019 10/08/19 For Sale $1,498,000 -- $536 / 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 $9,931 $85,320 $14,940 $70,380
2024 $9,931 $88,080 $14,940 $73,140
2023 $9,518 $98,400 $14,940 $83,460
2022 $8,840 $104,040 $14,940 $89,100
2021 $9,320 $91,440 $14,940 $76,500
2020 $4,567 $70,080 $14,940 $55,140
2019 $8,620 $70,080 $14,940 $55,140
2018 $7,961 $39,055 $6,500 $32,555
2017 $7,523 $36,903 $7,908 $28,995
2016 $7,377 $36,903 $8,392 $28,511
2015 $4,199 $36,376 $12,424 $23,952
2014 $4,199 $34,338 $12,565 $21,773
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10597522

Real Estate Board of New York (REBNY)

APN: 05886-0058