NOT LISTED FOR SALE

38 Wilson Ave Unit 4C Brooklyn, NY 11237

Bushwick Neighborhood

Estimated Value: $649,558 - $753,000

1 Bed
1 Bath
593 Sq Ft
$599/mo HOA Fee

Last Sold December 02, 2021

Last sale price $620,000 $1,046 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,279/month

25 Days on Market

Highlights

  • City View
  • Laundry Facilities
  • 4-minute walk to Green Central Knoll Playground
  • Eat-In Kitchen

About This Home

As of December 2021

Covered

PARKING INCLUDED!

14 Year Tax Abatement Remaining!

Welcome to 38 Wilson Ave, 4C located in prime Bushwick / East Williamsburg.

This bright and spacious apartment, which has been converted to a two bedroom to maximize the layout, is a perfect option for those working at home or anyone that is looking for an extra bedroom at a great price. The open, dine-in kitchen features stainless steel appliances and plentiful prep space for the aspiring chef. In the modern bathroom, you will find a rain shower enclosed in glass and awash in marble mosaic tile.

The extra-large primary bedroom is spacious enough for a king-sized bed, side tables, and additional furniture. The bedroom is overflowing with light from CitiQuiet windows that afford the room the most relaxing quiet and tranquility. The equally bright flex bedroom comfortably fits a queen-size bed or makes the perfect at-home office with space to lounge.

Additional features include bamboo hardwood flooring, in-unit laundry, and a 421A tax abatement until 2035!

Previously rented at a 4.2% Cap Rate with a net income of $26,208.

38 Wilson Avenue is a modern, boutique condominium featuring an elevator, shared roofdeck with panoramic city views, and a parking garage. Located in the heart of prime Bushwick / East Williamsburg, you have all the bars, restaurants, coffee shops, and additional attractions the neighborhood has to offer just outside your door (Roberta's, Brooklyn Mirage, Elsewhere, Mission, and Syndicated Bar & Theater, etc.) It is also easily accessible from the JMZ and L trains.

Seller reserves right to withhold deeded parking spot for offers below ask.

Last Agent to Sell the Property

Jonathan Andrew

Corcoran Group License #10401319102 Listed on: 09/08/2021

Corcoran Group

Co-Listed By

Elaine Mayers

Corcoran Group License #10301200590

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $216

Year Built

  • Built in 2009

HOA Fees

  • $599 Monthly HOA Fees

Home Design

  • Entry on the 5th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • City Views
  • Eat-In Kitchen

Listing and Financial Details

  • Tax Block 3157

Community Details

Overview

  • 15 Units
  • Bushwick Subdivision
  • 5-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$216

Year Built

Built in 2009

Lot Details

0

HOA Fees

$599 per month

Listing Details

  • Cross Street: GEORGE STREET and MELROSE STREET
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Bushwick
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Interior Features: Eat-in Kitchen
  • Appliances: Dryer, Washer
  • Rooms (Total): 4

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 599.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Units: 15
  • Total Stories: 5
  • Year Built: 2009

Tax Info

  • Tax Block: 3157
  • Tax Annual: 216.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2021
Closed on
Nov 30, 2021
Sold by
Thompson Adam Mcgill
Bought by
Rising Scott
Seller's Agent
Jonathan Andrew
Corcoran Group
List Price
$625,000
Sold Price
$620,000
Premium/Discount to List
-$5,000
-0.8%
Current Estimated Value
$693,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,140
Avg. Annual Appreciation
2.30%
Original Mortgage
$496,000
Outstanding Balance
$457,186
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$218,737

Purchase Details

Listed on
Jan 17, 2014
Closed on
Jun 3, 2014
Sold by
Ccm Ventures 4 Llc
Bought by
Thompson Adam Mcgill
List Price
$455,000
Sold Price
$455,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.21%
Original Mortgage
$364,000
Interest Rate
4.33%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Rising Scott $620,000 --
Thompson Adam Mcgill $455,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rising Scott $496,000
Previous Owner Adam Mcgill Thompson $137,500
Previous Owner Mcgill Thompson Adam $50,000
Previous Owner Thompson Adam Mcgill $364,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2021 12/02/21 Sold $620,000 -0.8% $1,046 / Sq Ft
10/04/2021 10/04/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $625,000 +37.4% $1,054 / Sq Ft
06/05/2014 06/05/14 Sold $455,000 0.0% --
05/06/2014 05/06/14 Pending -- -- --
01/17/2014 01/17/14 For Sale $455,000 -- --
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 $224 $96,311 $11,540 $84,771
2024 $224 $94,259 $11,540 $82,719
2023 $224 $83,711 $11,540 $72,171
2022 $220 $80,730 $11,540 $69,190
2021 $217 $67,777 $11,540 $56,237
2020 $222 $74,479 $11,540 $62,939
2019 $225 $74,479 $11,540 $62,939
2018 $228 $68,291 $11,541 $56,750
2017 $228 $61,622 $11,540 $50,082
2016 $231 $58,416 $11,540 $46,876
2015 $181 $56,911 $16,708 $40,203
2014 $181 $53,895 $11,540 $42,355
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10740466

Real Estate Board of New York (REBNY)

APN: 03157-1011