NOT LISTED FOR SALE

2588 Gerritsen Ave Brooklyn, NY 11229

Gerritsen Beach Neighborhood

Estimated Value: $730,653 - $958,000

3 Beds
1.5 Baths
1,360 Sq Ft
$589/Sq Ft Est. Value

Last Sold June 15, 2018

Last sale price $600,000 $441 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,775/month

36 Days on Market

Highlights

  • Colonial Architecture
  • Formal Dining Room
  • Heating System Uses Steam
  • P.S. 277 Gerritsen Beach Rated A-
  • Eat-In Kitchen

About This Home

As of June 2018

Corner Lot, Indoor 1Car Parking Spots. 3 Bright Bedrooms, Bright Lr/Dr Kitchen With Lots Of Sunshine. From Kitchen You Can Access The Backyard / Parking Lot. Beautiful Full Finished Basement. Near Shopping Centers, Stores, And Transportation.

Last Agent to Sell the Property

Okkyung Chung

Promise Realty LLC License #40CH1010025 Listed on: 03/14/2018

Last Buyer's Agent

Okkyung Chung

Promise Realty LLC License #40CH1010025 Listed on: 03/14/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,933

Year Built

  • Built in 1965

Lot Details

  • 1,129 Sq Ft Lot

Parking

  • Private Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Formal Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 800 / 08946

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,933

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Colonial
  • Property SubType: Single Family Residence
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Interior Amenities: Eat-in Kitchen, Formal Dining
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Full
  • Total Bedrooms: 3
  • Fireplace: No
  • Basement YN: No

Exterior Features

  • Construction Materials: Brick
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking Description: Private

Utilities

  • Heating: Natural Gas, Steam

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Dimensions: 1129
  • Lot Size Sq Ft: 1129
  • Property Attached: No

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 1

Tax Info

  • Tax Annual Amount: 3933
  • Tax Block: 08946
  • Tax Lot: 800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2018
Closed on
Jun 15, 2018
Sold by
Yi Hyon Suk and Yi Kye Myong
Bought by
Lin Yufeng and Zheng Jieying
Seller's Agent
Okkyung Chung
Promise Realty LLC
Buyer's Agent
Okkyung Chung
Promise Realty LLC
List Price
$618,000
Sold Price
$600,000
Premium/Discount to List
-$18,000
-2.91%
Current Estimated Value
$800,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,413
Avg. Annual Appreciation
4.08%
Original Mortgage
$360,000
Outstanding Balance
$312,645
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$487,768

Purchase Details

Closed on
Oct 18, 2004
Sold by
Park Yoon Chul
Bought by
Yi Hyon Suk and Yi Kye Myong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2000
Sold by
Vazquez Ramon and Vazquez Evelyn S
Bought by
Park Yoon Chul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.88%
Source: Public Records

Range of Values:

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Average Value
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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
Lin Yufeng $600,000 --
Yi Hyon Suk $390,000 --
Park Yoon Chul $225,000 Washington Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Yufeng $360,000
Previous Owner Yi Hyon Suk $39,800
Previous Owner Yi Hyon Suk $4,260
Previous Owner Yi Hyon Suk $312,000
Previous Owner Park Yoon Chul $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2024 12/09/24 Off Market $600,000 -- --
06/15/2018 06/15/18 Sold $600,000 -2.9% $441 / Sq Ft
04/19/2018 04/19/18 Pending -- -- --
03/14/2018 03/14/18 For Sale $618,000 -- $454 / Sq Ft
Source: OneKey® MLS

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 $5,064 $48,720 $6,180 $42,540
2024 $5,064 $43,980 $6,180 $37,800
2023 $5,079 $44,460 $6,180 $38,280
2022 $4,687 $40,380 $6,180 $34,200
2021 $4,651 $32,100 $6,180 $25,920
2020 $2,172 $31,260 $6,180 $25,080
2019 $4,346 $29,880 $6,180 $23,700
2018 $4,189 $22,008 $4,607 $17,401
2017 $3,933 $20,763 $4,763 $16,000
2016 $3,606 $19,588 $4,850 $14,738
2015 $2,168 $18,480 $6,900 $11,580
2014 $2,168 $18,480 $6,900 $11,580
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2018

    Okkyung Chung

    Promise Realty LLC

    1 in this area

    2 Total Sales

    Okkyung Chung
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Map

Source: OneKey® MLS

MLS Number: L3012133

OneKey® MLS

APN: 08946-0800

New York Kings County Brooklyn 11229 Gerritsen Beach

2588 Gerritsen Ave, Brooklyn, NY

This home is located at 2588 Gerritsen Ave, Brooklyn, NY 11229 since 14 March 2018 and is currently estimated at $800,413, approximately $588 per square foot. This property was built in 1965. 2588 Gerritsen Ave is a home located in Kings County with nearby schools including P.S. 277 Gerritsen Beach, J.H.S. 278 Marine Park, and New Visions Charter High School for Advanced Math/ Science.

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