NOT LISTED FOR SALE

Estimated Value: $1,883,000 - $2,827,000

3 Beds
2 Baths
1,250 Sq Ft
$231/mo HOA Fee

Last Sold November 15, 2022

Last sale price $2,400,000 $1,920 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $12,164/month

24 Days on Market

Highlights

  • Newly Remodeled
  • 5-minute walk to Bergen Street (F,G Line)
  • 4-minute walk to Boerum Playground
  • P.S. 29 John M. Harrigan Rated A
  • Pre War Building

About This Home

As of November 2022

The 38 Butler Street condominium is a limited offering of only two residences in a newly renovated three apartment, four story townhouse in beautiful Cobble Hill. With its generous 25ft of width, the comfortable layouts face south onto historic townhouses and quiet private gardens. All homes feature private outdoor spaces, oversized windows and deeded storage rooms in the basement. The carefully selected finishes include Canadian white oak floors by Mirage throughout, custom Birch kitchen and bathroom cabinets, heated bathroom floors and Toto, Koehler and Grohe fixtures. The kitchen features countertops by Caesarstone, under cabinet LED lighting and a complete appliance package by Viking that includes concealed fridges and dishwashers and 36 inch gas ranges. All units have recessed LED lighting by WAC and ceiling fixtures by West Elm and Worley. Exposed original wood beams complete the warm yet modern aesthetic of these homes.Residence number two is a comfortable three bedroom, two bathroom apartment with a generous setback terrace overlooking beautiful mature trees. A floor to ceiling double hinged glass door opens completely to the outdoor area creating a main space that blends indoor and outdoor living seamlessly. The three comfortable size bedrooms have all generous closets with door jamb light switches, plenty of light and individually control heating and cooling zones for each of them. The primary room has a large walk in closet and a jumbo sized en-suite bathroom with double sink vanity and a large walk in shower.Conveniently located between Court and Smith Streets, 38 Butler is just steps away from public transportation, Carroll Street and Cobble Hill Park, multiple schools within walking distance and some of the best restaurants and coffee shops in Brooklyn. With only three homes in the building, 38 Butler offers the most sought after amenity today: privacy. Low monthly CC and taxes complete this all around best three bedroom buy in the neighborhood.

Last Agent to Sell the Property

Carlos Saavedra

Park Property Advisors License #10311205130 Listed on: 02/14/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,072

Year Built

  • Built in 1901 | Newly Remodeled

Lot Details

  • 2,483

HOA Fees

  • $231 Monthly HOA Fees

Home Design

  • 1,250 Sq Ft Home
  • Pre War Building
  • Entry on the 2nd floor

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Community Details

  • 3 Units
  • Cobble Hill Subdivision
  • 5-Story Property

Listing and Financial Details

  • Tax Block 25x40

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,072

Year Built

Built in 1901 | Newly Remodeled

Lot Details

0

HOA Fees

$231 per month

Listing Details

  • Cross Street: COURT STREET and SMITH STREET
  • Exposures: North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Cobble Hill
  • Architectural Style: Prewar
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Living Area: 1250.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 231.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Units: 3
  • Total Stories: 5
  • Year Built: 1901

Tax Info

  • Tax Block: 25x40
  • Tax Annual: 6072.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2022
Closed on
Nov 15, 2022
Sold by
38 Butler Street Realty Llc
Bought by
El Khatib Khalid
Seller's Agent
Carlos Saavedra
Park Property Advisors
List Price
$2,195,000
Sold Price
$2,400,000
Premium/Discount to List
$205,000
9.34%
Current Estimated Value
$2,194,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$205,741
Avg. Annual Appreciation
-3.47%
Original Mortgage
$1,850,000
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2015
Sold by
El Khatib Khalid
Bought by
Khalid El Khatib Living Trust and Khalid El Khatib Trustee
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
El Khatib Khalid $2,443,800 --
Khalid El Khatib Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner El Khatib Khalid $1,850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2023 01/08/23 Off Market $2,400,000 -- --
11/15/2022 11/15/22 Sold $2,400,000 +9.3% $1,920 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $2,195,000 -- $1,756 / 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 $4,140 $77,772 $8,120 $69,652
2024 $4,140 $70,229 $8,120 $62,109
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10810198

Real Estate Board of New York (REBNY)

APN: 00408-1302