NOT LISTED FOR SALE

3 Ridgewood Place Unit 1 Brooklyn, NY 11237

Bushwick Neighborhood

Estimated Value: $1,189,000 - $1,315,000

2 Beds
1.5 Baths
1,462 Sq Ft
$865/mo HOA Fee

Last Sold October 04, 2022

Last sale price $1,170,000 $800 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $8,770/month

77 Days on Market

Highlights

  • Rooftop Deck
  • 1-minute walk to Myrtle-Wyckoff Avenues
  • Central Air
  • Patio
  • Entrance Foyer

About This Home

As of October 2022

Rarely do form and function come together so perfectly, especially at this price point. The owner's obsession with quality, design and practical use is apparent at every turn. A completely renovated, Scandinavian inspired home, this two bed, two bath duplex offers 1470sf of gorgeous interior indoor and another 830sf of private patio and garden.

In addition to acquiring the most unique condo in Bushwick, qualified buyers can also tap First Republic's Eagle Community Loan for 3.28%, 30-year fixed mortgage with $7K in closing cost assistance to offset current rates.



The upper floor is comprised of a living/dining entertaining space with open kitchen, stunning tile bath and two generous bedrooms with built in closets. Hardwood floors, 11-foot ceilings, walls built for art, and Lutron dimmers create an open, calm and airy vibe.



The kitchen is a study in custom installation and incorporates handcrafted Reform cabinets from Denmark, Trueform concrete countertops conceived and made in Brooklyn, Wolf range hood and high-end Miele chef's appliances.



Down a minimalist staircase, you'll find a bright, open flexible space, currently configured with media, exercise and office areas. A powder room has been converted to a spa level bath. Tucked away are a full-size LG washer and dryer and thoughtfully redesigned mechanical room outfitted with extra storage. Important to the owners who love to cycle, they have also created vertical racks to store up to four bikes.



Outside, a reimagined patio features terra-cotta tile, vibrant storage shed and steel architectural beams. Beyond, a professionally landscaped garden incorporates Japanese Maple, River Birch, Tassel Fern, Switchgrass and a number of like plants, bushes and trees.. A floating deck with matching white Eos table and benches and Lollygagger Adirondack chairs offers an opportunity to entertain or simply relax, ideal for the start of summer.

3 Ridgewood Place is a quiet, self managed, boutique condominium building with four thoughtfully designed residences located on a tree-lined residential street in prime Bushwick-Ridgewood. It is located just steps from the Myrtle-Wyckoff stop with intersecting M and L subway lines, and close to some of the best restaurants, art, entertainment, and nightlife that Brooklyn has to offer including Ops Pizza, Variety Coffee Roasters, Nowadays, Queen's Brewery and Maria Hernandez Park.

Last Agent to Sell the Property

Steve Halpern

Compass License #10301217638 Listed on: 05/19/2022

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,600

Year Built

  • Built in 2016

Lot Details

  • 2,004

HOA Fees

  • $865 Monthly HOA Fees

Interior Spaces

  • 1,462 Sq Ft Home
  • 4-Story Property
  • Entrance Foyer

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Patio
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 8 / 3354

Community Details

Overview

  • Bushwick Subdivision

Amenities

  • Rooftop Deck
  • Community Garden

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,600

Year Built

Built in 2016

Lot Details

0

HOA Fees

$865 per month

Listing Details

  • Cross Street: Palmetto Street/Woodbine Street
  • Exposures: East,West
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Bushwick
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 1462.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

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

Exterior Features

  • Exterior Features: Building Garden, Building Roof Deck
  • Patio/Porch Features: Patio

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 865.0
  • 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
  • Year Built: 2016

Tax Info

  • Tax Block: 3354
  • Tax Lot: 8
  • Tax Annual: 9600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2022
Closed on
Sep 23, 2022
Sold by
Marino Addie and Sciandra Ryan
Bought by
Gers Jason
Seller's Agent
Steve Halpern
Compass
List Price
$1,125,000
Sold Price
$1,170,000
Premium/Discount to List
$45,000
4%
Views
5
Current Estimated Value
$1,231,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,037
Avg. Annual Appreciation
1.74%
Original Mortgage
$352,063
Outstanding Balance
$336,986
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$894,051

Purchase Details

Listed on
Nov 22, 2016
Closed on
Jan 11, 2018
Sold by
Ridgewood Pl Condo Llc
Bought by
Marino Addie and Sciandra Ryan
Seller's Agent
Jessica Peters
Douglas Elliman Real Estate
List Price
$895,000
Sold Price
$895,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.83%
Original Mortgage
$671,250
Interest Rate
3.94%
Mortgage Type
New Conventional
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
Gers Jason $1,170,000 --
Marino Addie $895,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gers Jason $352,063
Previous Owner Marino Addie $2,529
Previous Owner Marino Addie $671,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2022 10/04/22 Sold $1,170,000 +4.0% $800 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $1,125,000 +25.7% $769 / Sq Ft
01/12/2018 01/12/18 Sold $895,000 0.0% $990 / Sq Ft
12/13/2017 12/13/17 Pending -- -- --
11/23/2016 11/23/16 For Sale $895,000 -- $990 / 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 $14,985 $184,266 $11,765 $172,501
2024 $14,985 $165,148 $11,765 $153,383
2023 $11,232 $153,237 $11,765 $141,472
2022 $10,373 $150,590 $11,765 $138,825
2021 $9,629 $120,442 $11,765 $108,677
2020 $11,868 $109,942 $11,765 $98,177
2019 $12,000 $109,942 $11,765 $98,177
2018 $0 $91,618 $11,765 $79,853
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10799908

Real Estate Board of New York (REBNY)

APN: 03354-1001