NOT LISTED FOR SALE

289 Troutman St Unit 2B Brooklyn, NY 11237

Bushwick Neighborhood

Estimated Value: $715,000 - $946,000

2 Beds
1 Bath
-- Sq Ft
$242/mo HOA Fee

Last Sold February 27, 2023

Last sale price $775,000

Est. 13% increase in value since last sale

Current estimated payment $5,131/month

24 Days on Market

Highlights

  • Terrace
  • 4-minute walk to Jefferson Street
  • 2-minute walk to Maria Hernandez Park
  • Intercom

About This Home

As of February 2023

This property qualifies for a 30-year fixed 3.79% loan with up to $4K towards closing costs with First Republic's Eagle Community Program.

Making owning cheaper than renting!

Thoughtfully laid out and impeccably maintained, this two-bed one-bath with a private terrace overlooking a peaceful garden is the perfect blend of chic and charm. Situated in a pre-war boutique Condo and offering an open floor plan, perfect for a quiet night in or entertaining, the spacious living and dining area have East facing windows that flood the space with light. Adjacent to the living and dining is an intelligently updated kitchen featuring high-end appliances including a dishwasher. Just down the hall is a relaxing bathroom with a deep soaking tub and plenty of storage. Across from the bath is the in-unit washer and dryer. Situated at the rear of the home the serenely quiet bedroom wing awaits. The first bedroom offers a custom closet and a built-in office with additional room for a queen size bed. Just beyond is the tranquil and well-sized primary bedroom with abundant built-in closet space and direct access to the private terrace. Conveniently located just a block from the Jefferson Ave L train or a short walk to the Central Ave M. This location has everything you need, from cafes and restaurants to galleries and breweries as well as Maria Hernandez Park and dog run. It is all right here.

This is a great opportunity to own for the price of renting or purchase as an investment in this rapidly growing area for professionals, artists, and new businesses.

Last Agent to Sell the Property

Sarah Riegle

Compass License #10301213860 Listed on: 11/10/2022

Compass

Co-Listed By

Nora McGuire

Compass License #10401321899

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,412

HOA Fees

  • $242 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 4-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Terrace
  • Window Unit Cooling System

Community Details

  • Bushwick Subdivision

Listing and Financial Details

  • Legal Lot and Block 49 / 3175

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,412

Lot Details

0

HOA Fees

$242 per month

Listing Details

  • Cross Street: Knickerbocker Avenue/Irving Avenue
  • Exposures: East,North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Bushwick
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Features: Dining Area
  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 2

Exterior Features

  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Window Unit(s)

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 242.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 4

Tax Info

  • Tax Block: 3175
  • Tax Lot: 49
  • Tax Annual: 2412.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2022
Closed on
Feb 22, 2023
Sold by
Monaghan Alexander and Monaghan Monica
Bought by
Mao Shijia
Seller's Agent
Sarah Riegle
Compass
List Price
$775,000
Sold Price
$775,000
Views
25
Current Estimated Value
$872,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,342
Avg. Annual Appreciation
1.77%
Original Mortgage
$120,917
Outstanding Balance
$117,123
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$695,101

Purchase Details

Listed on
Aug 18, 2020
Closed on
Nov 3, 2020
Sold by
Nelson Jackson Sarah and Nelson Sarah
Bought by
Monaghan Alexander and Monaghan Monica
Seller's Agent
Behzad Amiri
Corcoran Group
List Price
$699,000
Sold Price
$653,750
Premium/Discount to List
-$45,250
-6.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.20%
Original Mortgage
$520,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2008
Sold by
289 Troutman Llc
Bought by
Nelson Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,600
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage
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
Mao Shijia $775,000 --
Monaghan Alexander $653,750 --
Nelson Sarah $312,000 --
Nelson Sarah $312,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mao Shijia $120,917
Previous Owner Monaghan Alexander $520,000
Previous Owner Nelson Sarah $249,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/27/2023 02/27/23 Sold $775,000 0.0% --
12/09/2022 12/09/22 Pending -- -- --
11/14/2022 11/14/22 For Sale $775,000 +18.5% --
01/01/2021 01/01/21 Sold $653,750 -6.5% $853 / Sq Ft View Prior Sale
10/01/2020 10/01/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $699,000 -- $913 / 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 $3,765 $101,952 $3,402 $98,550
2024 $3,765 $84,942 $3,402 $81,540
2023 $2,957 $95,688 $3,402 $92,286
2022 $1,807 $94,014 $3,402 $90,612
2021 $1,854 $84,888 $3,402 $81,486
2020 $111 $88,398 $3,402 $84,996
2019 $58 $73,678 $3,402 $70,276
2018 $916 $21,451 $1,188 $20,263
2017 $893 $20,779 $1,219 $19,560
2016 $904 $20,153 $1,478 $18,675
2015 -- $19,246 $1,693 $17,553
2014 -- $17,821 $1,881 $15,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10834904

Real Estate Board of New York (REBNY)

APN: 03175-1004