NOT LISTED FOR SALE

Estimated Value: $3,704,000 - $4,513,000

5 Beds
3 Baths
4,500 Sq Ft
$927/Sq Ft Est. Value

Last Sold February 23, 2023

Last sale price $4,025,000 $894 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $24,012/month

31 Days on Market

Highlights

  • Pre War Building
  • 4-minute walk to Grand Army Plaza
  • Laundry Facilities
  • P.S. 9 The Sarah Smith Garnet School Rated A
  • Garden
  • Courtyard

About This Home

As of February 2023

290 Park Place is located on a tree lined street in prime Prospect Heights, Brooklyn. This recently updated two-family townhouse is on the market for the first time in over 45 years, and is move-in ready for its next owners. Every inch of historic detail has been preserved and the bathrooms and kitchen were recently updated with a keen eye to preserving the original details of this historic home. The facade of this Renaissance Revival-style house has finely carved details, including an emblem motif. The house contains the unusual feature at the stoop level of evaporating single and paired columns supporting three rusticated arches. The layout of the two family home is rather ideal, with a one bedroom garden level apartment below an owner's triplex.

As you enter the main entrance on the parlor floor, one feels like time stands still. The house has retained its 1890s character, suffused with a warm, honey-toned aura of oak and cherry wood throughout. A bench is framed by twin mirrors at the entry which flows into the oak paneled hall which leads to the dining room with an impressive breakfront and onyx mantelpiece and working fireplace, one of two in the house. The eye continues beyond this room into a spacious, multi-windowed extension, originally the summer dining room, and now the eat-in kitchen with new countertops, stainless steel appliances including a gas range, dishwasher and fridge. On either side of its interior threshold, narrow doors contained a dumb waiter and stair access to the kitchen below. The front and center parlors are divided by an oak fretwork screen that adds to the old-world charm of the door.

As you head upstairs, the second floor and third floors each have two large bedrooms and a full bathroom. Historic details such as penny tile and claw foot tub and unusual stained glass windows in the hall bathroom add to the overall charm. Its cupid image is made of paper pressed between glass and was originally in a house across the street. The third floor features a beautiful stained glass skylight allowing natural light to flow into the house. The laundry room is located on this floor as well, containing plenty of space for folding clothes and storage of supplies.

The garden apartment, with access from the street level has a gas range and with a classic antique hood over the range, one full bathroom and access to the garden. This apartment allows you the flexibility to rent out the unit or take the entire house for yourself! The extra deep 131ft lot means that even with the extension, the garden at 290 Park Place offers ample space for entertaining and landscaping in all seasons!

290 Park Place is conveniently located in the heart of vibrant Prospect Heights, close to Vanderbilt Ave's premier shops and restaurants. Prospect Park, the Brooklyn Museum, Brooklyn Botanic Gardens, and the Brooklyn Public Library are all at your fingertips. The 2/3/B/Q subway lines are readily accessible, including the newly updated Eastern Parkway-Brooklyn Museum stop with elevators.

Last Agent to Sell the Property

Matthew KIRBY-SMITH

Compass License #10401329542 Listed on: 10/27/2022

Compass

Co-Listed By

Scott Klein

Compass License #30KL0922734

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,994

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 19.0 x 131.0
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 4,500 Sq Ft Home
  • 4-Story Property
  • Wood Burning Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 19 / 1165

Community Details

Overview

  • Prospect Heights Subdivision

Amenities

  • Courtyard
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,994

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Vanderbilt Avenue/Underhill Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Prospect Heights
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 4500.0
  • Living Area Units: Square Feet
  • Rooms (Total): 13

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Building Courtyard, Garden

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area

Lot Info

  • Lot Size Dimensions: 19.0 x 131.0

Building Info

  • Total Stories: 4
  • Year Built: 1899

Tax Info

  • Tax Block: 1165
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2022
Closed on
Feb 23, 2023
Sold by
290 Park Place Llc
Bought by
Gantner Vallejo
Seller's Agent
Matthew KIRBY-SMITH
Compass
List Price
$3,995,000
Sold Price
$4,025,000
Premium/Discount to List
$30,000
0.75%
Views
30
Current Estimated Value
$4,172,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,771
Avg. Annual Appreciation
2.04%

Purchase Details

Closed on
Sep 23, 2022
Sold by
Whitbeck David
Bought by
290 Park Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 1995
Sold by
Whitbeck Dorothy Sharp
Bought by
Whitbeck David
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gantner Vallejo $4,025,000 --
Gantner Vallejo $4,025,000 --
290 Park Place Llc -- --
Whitbeck David $176,000 First American Title Ins Co
Whitbeck David -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 290 Park Place Llc $600,000
Previous Owner Whitbeck David $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2023 02/23/23 Sold $4,025,000 +0.8% $894 / Sq Ft
11/28/2022 11/28/22 Pending -- -- --
10/27/2022 10/27/22 For Sale $3,995,000 -- $888 / 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 $13,994 $260,760 $54,000 $206,760
2024 $13,994 $251,340 $54,000 $197,340
2023 $13,290 $275,340 $54,000 $221,340
2022 $5,599 $225,360 $54,000 $171,360
2021 $5,565 $213,180 $54,000 $159,180
2020 $4,174 $215,400 $54,000 $161,400
2019 $5,414 $206,460 $54,000 $152,460
2018 $4,961 $55,140 $14,418 $40,722
2017 $10,005 $52,251 $12,955 $39,296
2016 $9,233 $49,294 $13,323 $35,971
2015 $5,400 $49,292 $19,980 $29,312
2014 $5,400 $48,384 $23,533 $24,851
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10851124

Real Estate Board of New York (REBNY)

APN: 01165-0019