NOT LISTED FOR SALE

2533 Ocean Ave Unit 3A Brooklyn, NY 11229

Madison Neighborhood

Estimated Value: $454,450

1 Bed
1 Bath
575 Sq Ft
2017 Built

Sale Details

Date Sold: August 24, 2024

Last sale price $440,000 $765 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,432 / mo

About This Home

As of August 2024

Welcome to this recently constructed luxury condominium located in Brooklyn's Sheepshead Bay. Currently, this building has a 15-year property tax abatement, with 8 years left. There is an elevator in the building, as well as 24-hour security monitoring. The apartment consists of one bedroom and 1 bathroom. A modern kitchen with granite countertops and a built- in washer machine. Beautiful hardwood floors for all the rooms. .. A short distance from Avenue U Chinatown and the Q train. Don't miss it!

Last Agent to Sell the Property

Hui Xin Chen

RE/MAX Edge Listed on: 05/23/2024

RE/MAX Edge

Last Buyer's Agent

NON MEMBER

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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $250

Year Built

  • Built in 2017

Home Design

  • 575 Sq Ft Home
  • Entry on the 3rd floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Microwave
  • Washer
  • Handicap Accessible
  • Septic System

Listing and Financial Details

  • Tax Block 7325

Community Details

Overview

  • 23 Units
  • Association Phone (347) 662-9370
  • Ocean Palace Condominium Condos
  • Property managed by Ocean Palace Condomium

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$250

Year Built

Built in 2017

Lot Details

0 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: Ave U
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Yes
  • Maintenance Common Fee: 284.00
  • Parking Attributes: None
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Wall, Alarm, Elevator, Microwave, Refrigerator, Washer
  • Fill Sq Ft Total: 575
  • Street Name I D X: Ocean
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Floor: 3
  • Basement Type: Apartment

Exterior Features

  • Lot Number: 7507

Utilities

  • Air Conditioning Units: 0
  • Utilities: Septic, Sewer

Condo/Co-op/Association

  • Management Company: Ocean Palace Condomium
  • Manager Phone: 347-662-9370
  • Units In Building: 23

Lot Info

  • Building Project Name: Ocean Palace Condominium

Tax Info

  • Tax Abatement: No
  • Flip Tax Amount: 250.00

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 23, 2024
Closed on
Aug 22, 2024
Sold by
Bought by
Seller's Agent
Hui Xin Chen
RE/MAX Edge
Buyer's Agent
NON MEMBER
List Price
$458,000
Sold Price
$440,000
Premium/Discount to List
-$18,000
-3.93%
Views
35
Current Estimated Value
$454,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,450
Avg. Annual Appreciation
1.68%

Purchase Details

Closed on
Mar 19, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.38%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$442,000 --
$329,550 --
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
Previous Owner $210,000
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 Prior Sale
08/24/2024 08/24/24 Sold $440,000 -3.9% $765 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
05/23/2024 05/23/24 For Sale $458,000 +6.6% $797 / Sq Ft
04/20/2022 04/20/22 Off Market $429,500 -- --
05/14/2021 05/14/21 Sold $429,500 0.0% $747 / Sq Ft View Prior Sale
10/21/2020 10/21/20 Pending -- -- --
09/21/2020 09/21/20 For Sale $429,500 -- $747 / 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 $237 $74,645 $10,863 $63,782
2025 $237 $67,095 $10,863 $56,232
2024 $237 $64,619 $10,863 $53,756
2023 $232 $64,740 $10,863 $53,877
2022 $232 $59,341 $10,864 $48,477
2021 $232 $48,898 $10,864 $38,034
2020 $236 $53,929 $10,864 $43,065
2019 $239 $53,929 $10,864 $43,065
2018 $7,142 $60,909 $10,864 $50,045
Source: Public Records

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 482311

Brooklyn Board of REALTORS®

APN: 07325-1508

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