NOT LISTED FOR SALE

Estimated Value: $911,000 - $986,000

1 Bed
1 Bath
895 Sq Ft
$761/mo HOA Fee

Last Sold April 09, 2021

Last sale price $775,000 $866 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,929/month

33 Days on Market

Highlights

  • Pre War Building
  • 4-minute walk to 4 Avenue-9 Street (D,M,N,R Line)
  • 1-minute walk to Washington Park Dog Run
  • Balcony
  • Garage

About This Home

As of April 2021

Welcome to The Novo, a rare tax-abated and pet friendly, full service condo building in a great part of Park Slope. Unit 4M is an oversized, west facing one bedroom that's attractively priced for end users or investors. As you enter you are welcomed into a spacious foyer that allows you to settle in and relax before entering into the living space. Along the right side of the foyer you'll find a an impressive amount of storage plus a vented, in unit washer and dryer. Walk past the entryway to find an area perfectly suited to be a home office. Just ahead, the kitchen features imported Italian cabinetry, a stone countertop, tiled backsplash, Fisher & Paykel refrigerator along with a JennAir stove, dishwasher, and microwave. At almost 30 ft in depth, the living area can easily accommodate a large dining table and still have plenty of room for all of your living room furniture. A very usable Juliette balcony anchors the opposite end of the living area. The bedroom measures 162 sq ft, allowing for multiple large furniture pieces and has a full size closet. Rounding out the package, the bathroom boasts Grohe fixtures and Kohler deep soaker tub.

The Novo, built in 2007, is tax abated until 2033. The building features a 24 hour concierge along with an enormous resident's lounge, a fully equipped gym + yoga room, a landscaped courtyard, newly renovated lobby and children's playroom. There is indoor valet parking (additional cost) that is conveniently accessible from inside the building. Located near the R train at Union, Whole Foods, JJ Byrne Park, a dog run, some of the best dining in the Slope (Al di la, Stone Park Caf?, Benchmark, Haenyeo-just to name a few!) plus all the fabulous shops along 5th and 7th Ave, you will be hard pressed to find a better value in this location.

Last Agent to Sell the Property

Aran Scott

Douglas Elliman Real Estate License #40SC1156403 Listed on: 01/19/2021

Douglas Elliman Real Estate

Co-Listed By

Peter Perez

Douglas Elliman Real Estate License #10401260855

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $168

Year Built

  • Built in 2006

HOA Fees

  • $761 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 895 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Balcony
  • No Cooling

Community Details

  • Parkslop Subdivision
  • 12-Story Property

Listing and Financial Details

  • Tax Block 981

Property Details

Home Type

Condominium

Est. Annual Taxes

$168

Year Built

Built in 2006

Lot Details

0

HOA Fees

$761 per month

Listing Details

  • Cross Street: 3rd & 5th Streets
  • Exposures: North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: PARKSLOP
  • Architectural Style: Prewar
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 12

Interior Features

  • Living Area: 895.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 761.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Total Stories: 12
  • Year Built: 2006

Tax Info

  • Tax Block: 981
  • Tax Annual: 168.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2021
Closed on
Apr 9, 2021
Sold by
Basith Shanawaz A
Bought by
Lin Tiffany and Spielmann Chad Joseph
Seller's Agent
Aran Scott
Douglas Elliman Real Estate
List Price
$775,000
Sold Price
$775,000
Current Estimated Value
$947,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,585
Avg. Annual Appreciation
4.68%
Original Mortgage
$648,125
Outstanding Balance
$588,160
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$359,425

Purchase Details

Closed on
Sep 28, 2012
Sold by
Kear David E
Bought by
Basith Shanawaz A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2009
Sold by
343 Llc
Bought by
Kear David E and Kear Nicole C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
5.58%
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
Lin Tiffany $762,500 --
Basith Shanawaz A $530,000 --
Kear David E $460,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Tiffany $648,125
Previous Owner Basith Shanawaz A $397,500
Previous Owner Kear David E $368,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $775,000 0.0% $866 / Sq Ft
01/19/2021 01/19/21 For Sale $775,000 0.0% $866 / Sq Ft
07/12/2018 07/12/18 For Rent $3,100 -- --
07/12/2018 07/12/18 Rented -- -- --
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 $182 $88,476 $2,214 $86,262
2024 $182 $83,354 $2,214 $81,140
2023 $178 $74,003 $2,214 $71,789
2022 $178 $83,659 $2,214 $81,445
2021 $178 $70,875 $2,214 $68,661
2020 $88 $79,280 $2,214 $77,066
2019 $183 $77,724 $2,214 $75,510
2018 $185 $71,989 $2,214 $69,775
2017 $185 $67,246 $2,214 $65,032
2016 $187 $55,212 $2,214 $52,998
2015 $146 $50,111 $2,214 $47,897
2014 $146 $44,163 $2,214 $41,949
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10693703

Real Estate Board of New York (REBNY)

APN: 00981-1040