NOT LISTED FOR SALE

2503 Ocean Ave Unit 2D Brooklyn, NY 11229

Madison Neighborhood

Estimated Value: $473,598 - $491,000

1 Bed
1 Bath
646 Sq Ft
8,233 Sq Ft Lot

Last Sold August 16, 2024

Last sale price $470,000 $728 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,211/month

Highlights

  • Intercom to Front Desk
  • Resident Manager or Management On Site
  • Multiple cooling system units
  • Jhs 234 Arthur W Cunningham Rated A-
  • Handicap Accessible
  • Laundry Facilities

About This Home

As of August 2024

Discover the pinnacle of contemporary living in our immaculate condominiums, nestled in the vibrant enclave of Sheepshead Bay, ideally situated near Ocean Avenue and Avenue U. Our one bedroom and one-bathroom residences offer state-of-the-art kitchens with sleek Steelwell appliances and exquisite solid wood flooring throughout. Expand your living space with a spacious recreation room, perfect for entertaining guests. Secure parking is available for purchase at additional cost, providing convenience and peace of mind.

Embrace the ease of a quick five-minute walk to the Q train station, as well as nearby shopping destinations, supermarkets, and more. The condo boasts 588 sqft of interior space plus a 56 sqft balcony. Benefit from a unique 6 years real estate tax reimbursement, reducing current annual property taxes to $3100.

Seize this unparalleled opportunity—schedule your viewing today!

Last Agent to Sell the Property

Hui Xin Chen

RE/MAX Edge Listed on: 05/02/2024

RE/MAX Edge

Last Buyer's Agent

Hui Xin Chen

RE/MAX Edge Listed on: 05/02/2024

RE/MAX Edge

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,175

Year Built

  • Built in 2019

Lot Details

  • 8,233

Home Design

  • 646 Sq Ft Home
  • Entry on the 2nd floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Multiple cooling system units
  • Septic System

Additional Features

  • Stove
  • Handicap Accessible
  • Sprinkler System

Listing and Financial Details

  • Tax Block 7325

Community Details

Overview

  • 29 Units
  • Association Phone (347) 662-9370
  • Begonia Garden Condominium Condos
  • Property managed by BEGONIA GARDEN CONDOMINIUM

Amenities

  • Laundry Facilities
  • Intercom to Front Desk
  • Elevator

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,175

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Total Bathrooms: 1.00
  • Baths Total Level1: 1.00
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue T
  • Cross Street Name2: East 21st St
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Yes
  • Maintenance Common Fee: 258.00
  • Negotiate Thru: Broker
  • Parking Attributes: Other
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Wall, Elevator, Laundry Area, Refrigerator, Stove
  • Fill Sq Ft Total: 646
  • Street Name I D X: Ocean
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Floor: 2
  • Basement Type: Apartment

Exterior Features

  • Lot Number: 1705

Utilities

  • Air Conditioning Units: 2
  • Utilities: Septic, Sewer, Sprinkler System, Water

Condo/Co-op/Association

  • Management Company: BEGONIA GARDEN CONDOMINIUM
  • Manager Phone: 347-662-9370
  • Units In Building: 29

Lot Info

  • Building Project Name: BEGONIA GARDEN CONDOMINIUM

Tax Info

  • Tax Abatement: No
  • Flip Tax Amount: 7175.24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
Aug 16, 2024
Sold by
Begonia Garden Llc
Bought by
Li Qifu
Seller's Agent
Hui Xin Chen
RE/MAX Edge
Buyer's Agent
Hui Xin Chen
RE/MAX Edge
List Price
$485,000
Sold Price
$470,000
Premium/Discount to List
-$15,000
-3.09%
Views
52
Current Estimated Value
$504,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,686
Avg. Annual Appreciation
1.59%
Original Mortgage
$352,000
Outstanding Balance
$347,289
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$133,611
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Li Qifu $476,580 --
Li Qifu $476,580 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Qifu $352,000
Closed Li Qifu $352,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2024 08/16/24 Sold $470,000 -3.1% $728 / Sq Ft
05/02/2024 05/02/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $485,000 -- $751 / Sq Ft
Source: Brooklyn Board of REALTORS®

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 $7,077 $59,498 $9,542 $49,956
2024 $7,077 $58,488 $9,542 $48,946
2023 $6,911 $56,334 $9,542 $46,792
2022 $6,544 $53,485 $9,542 $43,943
2021 $6,364 $51,879 $9,542 $42,337
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2024

    Hui Xin Chen

    RE/MAX

    (917) 669-5808

    10 in this area

    63 Total Sales

    Hui Xin Chen
    Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 481775

Brooklyn Board of REALTORS®

APN: 07325-1705

New York Kings County Brooklyn 11229 Madison

2503 Ocean Ave Unit 2D, Brooklyn, NY

Not Listed for Sale

Condos

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.

Nearby Homes