NOT LISTED FOR SALE

Estimated Value: $1,124,000 - $1,270,000

2 Beds
2 Baths
927 Sq Ft
$897/mo HOA Fee

Last Sold August 11, 2023

Last sale price $1,200,000 $1,294 Per Sq Ft

Current estimated payment $8,896/month

42 Days on Market

About This Home

As of August 2023

PRICE SLASHED! A blank canvas is yours to create to your own specifications a High floor corner, two bedroom and two bath home in the Upper East Side in the Continental Towers luxury condominium. Imagine coming home from work or a night on the town and seeing the Fabulous Northern twinkling lights of the city. Privacy galore with split bedrooms, two bathrooms(one windowed) and a large windowed kitchen with ample storage. There is a spacious dining area and the second bedroom can also be used as an office. Continental Towers has a full-time doorman and concierge, security guard, roof deck and roof garden and a fitness room for owners only($25 per month). You can put in your own washer & dryer or use the renovated lobby floor laundry room. There are over 27 staff to help you. There is a $305 monthly assessment for 18 months for elevator modernization. The location can't be beat with nearby transportation, restaurants and shopping - everything you would expect of an apartment of this caliber. As a long time resident/owner, I can tell you that this is a Fabulous building to live in. Low common charges! Don't miss out. You are welcome to bring your dogs and cats.

Last Listed By

Florence Sommer

Corcoran Group License #30SO0874570 Listed on: 04/25/2023

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,828

Year Built

  • Built in 1974

HOA Fees

  • $897 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 927 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Dishwasher
  • Washer Dryer Allowed

Community Details

  • 538 Units
  • Upper East Side Subdivision
  • 36-Story Property

Listing and Financial Details

  • Tax Block 01542

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,828

Year Built

Built in 1974

Lot Details

0

HOA Fees

$897 per month

Listing Details

  • Cross Street: 2 AVENUE and 1 AVENUE
  • Exposures: East,North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • Entry Level: 19
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 36

Interior Features

  • Appliances: Dishwasher, Washer Dryer Allowed
  • Living Area: 927.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

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

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 897.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Units: 538
  • Total Stories: 36
  • Year Built: 1974

Tax Info

  • Tax Block: 01542
  • Tax Annual: 12828.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2023
Closed on
Aug 11, 2023
Sold by
Palagate Pagamas P and Wolfing Peter
Bought by
Prakash Rangaiah Chytanya and Rangaiah Amanda
Seller's Agent
Florence Sommer
Corcoran Group
List Price
$1,325,000
Sold Price
$1,200,000
Premium/Discount to List
-$125,000
-9.43%
Total Days on Market
42
Views
68
Current Estimated Value
$1,203,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,755
Avg. Annual Appreciation
1.50%

Purchase Details

Closed on
Nov 15, 2004
Sold by
Ashby Geoffrey W and Ashby Thomas J
Bought by
Palagate Pagamas P and Wolfing Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

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
Prakash Rangaiah Chytanya $1,200,000 --
Palagate Pagamas P $867,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palagate Pagamas P $1,700
Previous Owner Palagate Pagamas P $160,000
Previous Owner Palagate Pagamas P $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2023 08/11/23 Sold $1,200,000 -1.6% $1,294 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
05/17/2023 05/17/23 Price Changed $1,220,000 -99.9% $1,316 / Sq Ft
05/16/2023 05/16/23 Price Changed $1,220,000,000 +94841.6% $1,316,073 / Sq Ft
05/05/2023 05/05/23 Price Changed $1,285,000 -3.0% $1,386 / Sq Ft
04/25/2023 04/25/23 For Sale $1,325,000 -- $1,429 / 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 $15,907 $127,232 $19,850 $107,382
2023 $12,872 $127,190 $19,850 $107,340
2022 $12,713 $125,951 $19,850 $106,101
2021 $15,110 $123,176 $19,850 $103,326
2020 $13,044 $136,373 $19,850 $116,523
2019 $12,581 $133,307 $19,850 $113,457
2018 $14,959 $136,319 $19,850 $116,469
2017 $13,866 $120,077 $19,850 $100,227
2016 $13,270 $119,298 $19,850 $99,448
2015 $6,500 $107,172 $19,850 $87,322
2014 $6,500 $105,228 $19,850 $85,378
Source: Public Records

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10911357

Real Estate Board of New York (REBNY)

APN: 1542-1254