NOT LISTED FOR SALE

2503 Ocean Ave Unit 2D Brooklyn, NY 11229

Madison Neighborhood

Estimated Value: $496,407

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

Sale Details

Date Sold: August 16, 2024

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

Est. 6% increase in value since last sale

Current estimated payment $3,218 / mo

Highlights

  • Intercom to Front Desk
  • On-Site Manager or Management
  • 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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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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

  • On-Site Manager or Management

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,175

Year Built

Built in 2019

Lot Details

8,233 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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
$496,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,407
Avg. Annual Appreciation
2.65%
Original Mortgage
$352,000
Outstanding Balance
$344,265
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$152,142
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Madison, NY

  • Thomas Dalcamo Real Estate Agent - Real Broker NY LLC

    Thomas Dalcamo

    Real Broker NY LLC

    (551) 203-9501

    45 Total Sales

    1 in Madison

    $769,000 Price

    Thomas Dalcamo
     Section Image
  • Danny Chung Real Estate Agent

    Danny Chung

    (866) 968-7198

    96 Total Sales

    6 in Madison

    $235K - $882K Price Range

    Danny Chung
     Section Image
  • Gregory Valvo Real Estate Agent - Revived Residential

    Gregory Valvo

    Revived Residential

    (914) 775-7428

    63 Total Sales

    2 in Madison

    $910,000 Price Range

    Gregory Valvo
     Section Image
  • Dazhi Simon Su Real Estate Agent - Re/Max Edge

    Dazhi Simon Su

    Re/Max Edge

    (646) 718-5880

    69 Total Sales

    1 in Madison

    $1,850,000 Price

    Dazhi Simon Su
     Section Image
  • Madeline Caudiano Real Estate Agent - RE/MAX Elite

    Madeline Caudiano

    RE/MAX Elite

    (844) 643-0562

    40 Total Sales

    2 in Madison

    $970K - $1.2M Price Range

    Madeline Caudiano
     Section Image
  • Brian Cutrone Real Estate Agent - Exit Realty Achieve

    Brian Cutrone

    Exit Realty Achieve

    (855) 616-1277

    30 Total Sales

    1 in Madison

    $755,000 Price

    Brian Cutrone
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$476,580 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open -- $352,000
Previous Owner Begonia Garden Llc $3,578,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,992 $61,748 $9,542 $52,206
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

  • HC

    Seller's Agent in 2024

    Hui Xin Chen

    RE/MAX

    (917) 669-5808

    11 in this area

    65 Total Sales

    Hui Xin Chen
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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

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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