NOT LISTED FOR SALE

Estimated Value: $1,443,000 - $1,475,845

5 Beds
3 Baths
2,700 Sq Ft
$541/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $1,425,000 $528 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $8,726/month

22 Days on Market

About This Home

As of July 2024

Welcome home to 251 71st Street: the majestic, 20 foot wide, two family, barrel front limestone with three full floors you have been waiting for! This gracious home has preserved many of it's original details, including gorgeous woodwork and plaster molding throughout and several decorative mantels (that could potentially be made into working fireplaces). Soaring ceiling heights, and oversized bay windows create a light and airy feel throughout. Pristine hardwood floors are found in every room but the kitchen, and a full, dry, basement ensures you have plenty of room for storage (or finish out to fulfill your ultimate rec room fantasy!) In addition, the home has been updated with a renovated full bathroom on each floor, and a full laundry room. The large, 880 sqft backyard is fully decked for easy upkeep, and provides plenty of space for your next gathering with friends and family!

The home is currently configured as a single family home with a garden level kitchen walking out to the spacious backyard beyond, but could also be used as a two family home with a lower duplex and a top floor two bedroom rental or create a grand upper duplex with a parlor level kitchen and deck to the the backyard beyond with 4 bedrooms and 1 bath or 3 bedrooms and 2 baths upstairs, and a one bedroom rental below. Gas and water hookups exist in the back left room on both the parlor level and 3rd floor to make either of these conversions super easy.

251 71st Street is located on a picture perfect tree lined block, with PS 102 conveniently right down the street. The location is quiet and residential, but at the same time provides easy access to numerous neighborhood favorites on 3rd Avenue, as well a SuperFresh Grocery Store just two blocks away. The Narrows Botanical Gardens and offer peaceful harbor views just three blocks away, and Owls Head Park offers plenty of space for play and rest a mere 4 blocks away. Subway access is also easy, with the Bay Ridge Avenue R just three blocks away, which if you transfer to the N at 59th Street, makes Manhattan just 5 stops away.

Last Agent to Sell the Property

Bridget Applegate

Corcoran Group License #10301216099 Listed on: 06/28/2024

Corcoran Group

Co-Listed By

Charlie Pigott

Corcoran Group License #10301210078

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,408

Year Built

  • Built in 1910

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100.00x20.00

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property
  • Decorative Fireplace
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed
  • Washer Hookup

Utilities

  • No Cooling

Community Details

  • 2 Units
  • Bay Ridge Subdivision

Listing and Financial Details

  • Legal Lot and Block 0057 / 05886

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,408

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property SubType: Townhouse
  • Property Type: Residential
  • Neighborhood: Bay Ridge
  • Entry Level: 1
  • Structure Type: Townhouse
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace Features: Decorative
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 2700.0
  • Living Area Units: Square Feet
  • Rooms (Total): 13
  • Basement: Yes
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 5

Exterior Features

  • View: Other
  • View: No
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other, Washer Hookup, In Unit
  • Green Building Features: Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2000.0
  • Lot Size Dimensions: 100.00x20.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 2
  • Year Built: 1910

Tax Info

  • Tax Block: 05886
  • Tax Lot: 0057
  • Tax Annual: 9408.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2024
Closed on
Jul 15, 2024
Sold by
Kathleen J Gleavy As Trustee and Matthew J Mcentee As Trustee
Bought by
Teng Luke Zixi and Yu-Teng Bu Yun
Seller's Agent
Bridget Applegate
Corcoran Group
List Price
$1,350,000
Sold Price
$1,425,000
Premium/Discount to List
$75,000
5.56%
Current Estimated Value
$1,460,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,961
Avg. Annual Appreciation
2.19%
Original Mortgage
$700,000
Outstanding Balance
$692,821
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$768,140
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
Teng Luke Zixi $1,425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teng Luke Zixi $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2024 07/15/24 Sold $1,425,000 +5.6% $528 / Sq Ft
05/01/2024 05/01/24 For Sale $1,350,000 -- $500 / 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 $92,160 $14,940 $77,220
2024 $9,931 $88,080 $14,940 $73,140
2023 $9,518 $98,400 $14,940 $83,460
2022 $6,630 $104,040 $14,940 $89,100
2021 $9,320 $91,440 $14,940 $76,500
2020 $6,990 $81,480 $14,940 $66,540
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: RLS10988077

Real Estate Board of New York (REBNY)

APN: 05886-0057