NOT LISTED FOR SALE

Estimated Value: $612,000 - $632,000

-- Bed
1 Bath
485 Sq Ft
$353/mo HOA Fee

Last Sold July 01, 2021

Last sale price $580,000 $1,196 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,154/month

34 Days on Market

Highlights

  • City View
  • Community Garden
  • Laundry Facilities
  • River School (The) Rated A
  • Garage
  • 4-minute walk to Vincent F Albano Jr Playground

About This Home

As of July 2021

Extra-large alcove studio at renowned I.M. Pei designed Kips Bay Towers condominium. This home features wall-to-wall windows allowing great light and sweeping open city views, a large living area, separate dining alcove or home office area, four closets, and a separate dressing area. All this, plus amazingly low common charges and taxes! There is currently an ongoing capital assessment of $77 per month. Kips Bay Towers is a full service condominium with many amenities including 24-hour concierge and doorman, live-in resident manager, live-in super, full staff of handymen and porters, on-site management office, newly renovated lobby, state of the art fitness center, bike room, storage and trunk rooms, community room, laundry room, on site valet with dry cleaning and housekeeping services, attached underground 24-hour parking, beautifully renovated lobby, and of course the magnificent 3+ acre private garden for residents (the largest in Manhattan!). The one of a kind garden is like having your own backyard. It features a landscaped lawn, areas for picnicking, lounging, herb garden, sports, ping pong tables, playground, and full-size basketball court. Conveniently located steps to Fairway, Trader Joes, Target, restaurants and shops, 6 train just three blocks west, M15 across the street, East River ferry, and two Citibike stations just outside. Cats are allowed. Sorry, no dogs.

Last Agent to Sell the Property

Jason Lee

Compass License #10401216147 Listed on: 03/09/2021

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,864

Year Built

  • Built in 1961

HOA Fees

  • $353 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 14th floor

Interior Spaces

  • 1 Full Bathroom
  • 485 Sq Ft Home

Listing and Financial Details

  • Legal Lot and Block 7501 / 936

Community Details

Overview

  • Kips Bay Subdivision
  • 21-Story Property

Amenities

  • Community Garden
  • Courtyard
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,864

Year Built

Built in 1961

Lot Details

0

HOA Fees

$353 per month

Listing Details

  • Cross Street: Second Avenue/First Avenue
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 14
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Living Area: 485.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Courtyard, Building Garden

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 353.0
  • 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: 21
  • Year Built: 1961

Tax Info

  • Tax Block: 936
  • Tax Lot: 7501
  • Tax Annual: 3864.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2021
Closed on
Jul 1, 2021
Sold by
Stecher Vera J
Bought by
Lu Anne
Seller's Agent
Jason Lee
Compass
List Price
$580,000
Sold Price
$580,000
Current Estimated Value
$625,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,972
Avg. Annual Appreciation
1.74%
Original Mortgage
$464,000
Outstanding Balance
$421,393
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$204,579
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
Lu Anne $580,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Anne $464,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2021 07/01/21 Sold $580,000 0.0% $1,196 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $580,000 -- $1,196 / 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 $6,064 $49,295 $9,481 $39,814
2024 $6,064 $48,504 $9,481 $39,023
2023 $4,870 $48,124 $9,481 $38,643
2022 $4,708 $48,791 $9,481 $39,310
2021 $5,464 $44,545 $9,481 $35,064
2020 $5,456 $49,337 $9,481 $39,856
2019 $5,173 $48,228 $9,481 $38,747
2018 $4,949 $42,309 $9,481 $32,828
2017 $4,826 $44,918 $9,481 $35,437
2016 $4,605 $37,122 $9,481 $27,641
2015 $2,525 $34,803 $9,481 $25,322
2014 $2,525 $34,749 $9,481 $25,268
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10703811

Real Estate Board of New York (REBNY)

APN: 0936-4175