NOT LISTED FOR SALE

2503 40th Ave Long Island City, NY 11101

Long Island City Neighborhood

Estimated Value: $2,131,299

-- Bed
-- Bath
4,576 Sq Ft
$466/Sq Ft Est. Value

About This Home

This home is located at 2503 40th Ave, Long Island City, NY 11101 and is currently estimated at $2,131,299, approximately $465 per square foot. 2503 40th Ave is a home located in Queens County with nearby schools including P.S. 112 - Dutch Kills, I.S. 204 Oliver W. Holmes, and Long Island City High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 26, 2019
Sold by
Stathes Milton and Stathis Michael
Bought by
2503 Lic Inc
Current Estimated Value
$2,131,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,665,000
Outstanding Balance
$1,465,998
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$688,156

Purchase Details

Closed on
Jul 10, 2003
Sold by
Reich David and Reich Lourdes
Bought by
Stathes Milton and Stathis Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 1999
Sold by
Ryan John J
Bought by
Reich David and Reich Lourdes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.88%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
2503 Lic Inc $1,850,000 --
2503 Lic Inc $1,850,000 --
Stathes Milton $365,000 --
Stathes Milton $365,000 --
Reich David $125,000 Fidelity National Title Ins
Reich David $125,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2503 Lic Inc $1,665,000
Closed 2503 Lic Inc $1,665,000
Previous Owner Stathes Milton $265,000
Previous Owner Reich David $110,000
Source: Public Records

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 $31,552 $147,460 $27,563 $119,897
2024 $30,099 $297,882 $44,622 $253,260
2023 $26,688 $251,965 $35,245 $216,720
2022 $15,002 $338,850 $54,000 $284,850
2021 $17,307 $355,950 $54,000 $301,950
2020 $13,005 $415,800 $26,100 $389,700
2019 $13,848 $378,000 $26,100 $351,900
2018 $12,931 $101,666 $1,900 $99,766
2017 $11,973 $94,136 $1,935 $92,201
2016 $11,237 $94,136 $1,935 $92,201
2015 $7,295 $87,165 $1,690 $85,475
2014 $7,295 $84,462 $1,964 $82,498
Source: Public Records

Map

New York Queens County Long Island City 11101 Long Island City

2503 40th Ave, Long Island City, NY

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