NOT LISTED FOR SALE

Estimated Value: $950,000 - $1,169,000

2 Beds
2 Baths
1,217 Sq Ft
$757/mo HOA Fee

Last Sold November 21, 2022

Last sale price $1,180,000 $970 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $6,850/month

35 Days on Market

About This Home

As of November 2022

Comfortable is the best way to describe this 2 bedroom 2 bathroom home at The Palomar Condominium in Harlem.



With over 1200sqft of living space this is the perfect home for entertaining or an expanding family. The oversized living room has a "loft like" feel featuring: dual exposures, French doors and a Juliet balcony. There is plenty of space for creative formal dining and dinner parties. The open kitchen is large and has a window, plus a pantry for extra storage. Modern cabinetry is paired with stone countertops, a mosaic tile backsplash and top of the line stainless appliances. All grand enough to keep any chef happy. The primary bedroom has an en-suite bathroom and will easily accommodate a king sized bedroom set and more. Both bedrooms are quiet and located in the rear of the home away from the street. Of course, a full sized washer / dryer is located in the unit. The apartment has just been updated, is move in ready with no work required. Additional finishing touches include Bamboo flooring, high ceilings, and recessed lighting featured throughout the home. When not in your apartment enjoy the common garden located on the lobby level. Well priced and low common charges with a tax abatement ending in 2033 make this property a real find!



The Palomar Condominium is an intimate boutique style 15 unit building. Best of all there are only 2 apartments per floor. The Palomar is an only five blocks from Central Park. Harlem's Restaurant Row: Frederick Douglass Boulevard is one-half block west, and the Columbia University campus is just beyond that. The B/C subway lines, which will take you to Downtown, are one block away

Last Agent to Sell the Property

Kevin McNeill

Corcoran Group License #30MC0719037 Listed on: 08/11/2022

Corcoran Group

Co-Listed By

Antoinette McNeill

Corcoran Group License #40MC0789818

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $492

Year Built

  • Built in 2007

Lot Details

  • 2,526

HOA Fees

  • $757 Monthly HOA Fees

Home Design

  • 1,217 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Community Details

  • 15 Units
  • The Palomar Condos
  • Central Harlem Subdivision
  • 8-Story Property

Property Details

Home Type

Condominium

Est. Annual Taxes

$492

Year Built

Built in 2007

Lot Details

0

HOA Fees

$757 per month

Listing Details

  • Cross Street: ADAM CLAYTON POWELL JR BOULEVARD and FREDERICK DOU
  • Exposures: North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Central Harlem
  • Entry Level: 6
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1217.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 757.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: THE PALOMAR
  • Units: 15
  • Total Stories: 8
  • Year Built: 2007

Tax Info

  • Tax Block: NA
  • Tax Annual: 492.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Nov 21, 2022
Sold by
Forrest Tomlinson John and Li Qinghua
Bought by
Charlton Carla and Weissflog Thilo
Seller's Agent
Kevin McNeill
Corcoran Group
List Price
$1,195,000
Sold Price
$1,180,000
Premium/Discount to List
-$15,000
-1.26%
Views
12
Current Estimated Value
$1,097,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$82,794
Avg. Annual Appreciation
-2.77%
Original Mortgage
$885,000
Outstanding Balance
$860,201
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$237,005

Purchase Details

Closed on
Jun 20, 2008
Sold by
266 West 115Th Street Llc
Bought by
Li Qinghua and Tomlinson John Forrest

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Charlton Carla $1,180,000 --
Li Qinghua $690,000 --
Li Qinghua $690,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Charlton Carla $885,000
Previous Owner Li Qinghua $2,960
Previous Owner Li Qinghua $410,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2023 02/19/23 Off Market $1,180,000 -- --
11/21/2022 11/21/22 Sold $1,180,000 -1.3% $970 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
08/11/2022 08/11/22 For Sale $1,195,000 -- $982 / 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
2024 $43 $93,934 $35,159 $58,775
2023 $42 $100,428 $35,159 $65,269
2022 $42 $94,406 $35,159 $59,247
2021 $42 $87,085 $35,159 $51,926
2020 $42 $98,775 $35,159 $63,616
2019 $43 $92,457 $35,159 $57,298
2018 $43 $89,239 $35,158 $54,081
2017 $43 $83,896 $35,158 $48,738
2016 $44 $79,468 $35,158 $44,310
2015 $34 $73,948 $35,159 $38,789
2014 $34 $69,638 $35,159 $34,479
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10809796

Real Estate Board of New York (REBNY)

APN: 1830-1111