NOT LISTED FOR SALE

Estimated Value: $1,558,000 - $1,921,000

5 Beds
3.5 Baths
2,643 Sq Ft
$670/Sq Ft Est. Value

Sale Details

Date Sold: May 14, 2021

Last sale price $1,375,000 $520 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $10,466 / mo

49 Days on Market

About This Home

As of May 2021

284 Patchen Ave is a 24-(TWENTY-FOUR!) foot-wide, 2-unit town home with 3 stories, built in 2017. This ultra-chic modern home has a total of 5 bedrooms, 4 bathrooms, large basement, and a backyard, with central heat and air throughout and a washer & dryer in each unit. Each unit is a large duplex with its own separate entrance, giving you the experience of living in a single-family home with extra income to offset your mortgage costs. Perched on the home?s top two floors is an approximately 1,440 sq.ft. 3-bedroom, 3-bathroom owner?s duplex. A beautifully-lit entry foyer welcomes you with space to keep all your shoes, coats and umbrellas close at hand but out of sight. Ascend the stairs and spread out in the immense great room where a wall of oversized windows with Eastern exposure fills the space with beautiful light throughout the day. Here is ample space for multiple seating areas, augmented with a huge closet, full bathroom, and smart-home features including Sonos, Bluetooth ceiling speakers in the ceiling, an electric fireplace, multiple lighting options, infrared security cameras, and an alarm system, all controlled from a wall-mounted touchscreen. Cooking is a dream in the oversized kitchen that has a large window and a door leading to the west-facing balcony. Featuring full-size stainless-steel appliances including a Bosch dishwasher, Fisher Paykel 5 burner gas stove with a hood, Fisher Paykel French door refrigerator, a large wine fridge, and a microwave. The generous marble counter space provides a massive amount of prep space, plus a breakfast bar! With more cabinets than you can count, you have plenty of space to keep your kitchen well-stocked and clutter-free. The kitchen flows seamlessly into the dining area with room space for a table that seats 6 or more. Step right out onto balcony for morning coffee, and then descend stairs leading to your PRIVATE, tree-lined backyard, complete with lush sectional seating and a gas barbecue. Up the floating staircase, you will find 3 large bedrooms, 2 full bathrooms, and a washer & dryer. Every room has a window and deep, tall closets, with space for multiple pieces of furniture. The spacious master bedroom has an en-suite bathroom and 2 large closets, and room for a king-size bed. The roomy second and third bedrooms could double as home offices, home gyms, or guest rooms. Each bathroom has a tub/shower combo with rain shower head, temperature display and multiple flow options. Downstairs, a 2-bedroom, 1-bathroom apartment comes complete with tenants paying market rent! Just one block to the speedy and reliable A/C trains at Utica Avenue, with easy street parking and Citi Bikes nearby. Tons of delicious local hot-spots such as Nana Ramen, Chez Oskar, Saraghina and Milk & Pull Café are just a few blocks away as are city playgrounds, basketball and tennis courts, and lovely Fulton and Saratoga Parks.

Last Agent to Sell the Property

Daniel Cohen

Corcoran Group License #10401261296 Listed on: 01/26/2021

Corcoran Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2017

Bedrooms and Bathrooms

  • 5 Bedrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 50.0 x 24.0

Community Details

  • 2 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Tax Block 1687

Property Details

Home Type

Multi-Family

Year Built

Built in 2017

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Bainbridge Street & Chauncey Street
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 50.0 x 24.0

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 2017

Tax Info

  • Tax Block: 1687

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2021
Closed on
May 13, 2021
Sold by
Bricklyn House Llc
Bought by
Desouza Katia and Desouza Nikhil
Seller's Agent
Daniel Cohen
Corcoran Group
List Price
$1,375,000
Sold Price
$1,375,000
Current Estimated Value
$1,824,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,119
Avg. Annual Appreciation
5.20%
Original Mortgage
$925,000
Outstanding Balance
$825,693
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$944,037

Purchase Details

Closed on
Jun 19, 2020
Sold by
Joseph Mckean Reed Trustee
Bought by
Bricklyn House Llc

Purchase Details

Closed on
Dec 20, 2019
Sold by
Patchen Llc
Bought by
Joseph Mckean Reed As Trustee and Kristina M Reed As Trustee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,197,000
Interest Rate
3.6%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Desouza Katia $1,375,000 --
Bricklyn House Llc -- --
Joseph Mckean Reed As Trustee $1,330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desouza Katia $925,000
Previous Owner Joseph Mckean Reed As Trustee $1,197,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/14/2021 05/14/21 Sold $1,375,000 0.0% $520 / Sq Ft
05/13/2021 05/13/21 Sold $1,375,000 0.0% $520 / Sq Ft View Prior Sale
01/26/2021 01/26/21 For Sale $1,375,000 -- $520 / Sq Ft
09/10/2019 09/10/19 Pending -- -- --
Source: Real Estate Board of New York (REBNY)

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
2026 $9,534 $123,600 $22,080 $101,520
2025 $9,113 $94,020 $22,080 $71,940
2024 $9,113 $89,880 $22,080 $67,800
2023 $8,693 $98,520 $22,080 $76,440
2022 $8,061 $90,840 $22,080 $68,760
2021 $8,430 $87,240 $22,080 $65,160
2020 $8,373 $73,200 $22,080 $51,120
2019 $8,176 $58,200 $22,080 $36,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10694370

Real Estate Board of New York (REBNY)

APN: 01687-0051

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