NOT LISTED FOR SALE

Estimated Value: $1,456,000 - $1,850,000

-- Bed
-- Bath
2,012 Sq Ft
$845/Sq Ft Est. Value

Last Sold July 17, 2019

Last sale price $1,550,000 $770 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $9,930/month

118 Days on Market

About This Home

As of July 2019

Live large in your very own townhouse in a 3 bedroom duplex, with a private garden,two parking spaces, and pay only $3600/month with 20% down ($320,000).Dont miss this unique opportunity to live in one of Brooklyns most exciting up and coming historic neighborhoods and enjoy loads of green space, fantastic public transportation, and TWO PRIVATE PARKING SPACES! 383 Midwood offers an affordable option to live comfortably AND collect rent, or purchase it as a long-term investment with great upside potential and rent out both units, each with their own parking space. Watch your investment grow in tandem with this culturally vibrant and historically significant community, and enjoy more space and independence than you could ever enjoy or afford in a condo.Built as a two-family townhouse with an owners three-bedroom garden duplex, and an upstairs three-bedroom rental with a $3,000/month projected rent, this home has been renovated and is ready for you to pull up in your car, unpack, and make yourself at home. Enjoy a duplex with a full floor of open loft-like living space, a spacious dining and living area, incredible storage, a renovated eat-in kitchen that flows to the large garden, and a powder room. This floor has been renovated to perfection and includes white-washed oak floors, recessed lighting, and a chefs kitchen with marble Caesarstone countertops, a Samsung appliance suite (including dishwasher), and a full-sized vented washer and dryer. Enjoy loads of counter and storage space and a garden for dining al fresco right outside your kitchen. A charming powder room includes gray and white Moroccan tiles and all new fixtures.Head upstairs to three large bedrooms, including an ensuite master bedroom with two large closets, plus two additional bedrooms and a second full bath. Great light, privacy and space make this owners duplex a win-win as either your primary residence, or an investment property with an estimated rent of $5000 per month. Live in more space than a condo, enjoy lower monthly costs, better space, light and outdoor, and dont forget the free parking!Upstairs is a full-floor three-bedroom apartment complete with a newly renovated kitchen and stainless steel appliances, amazing light, skylights, and great storage. Estimated rent is $3000/month. House is vacant.Parks, restaurants, cafes and every amenity you can imagine in every direction. Subways include the 2/5/B/Q, with express lines into the city for a super easy commute. A rare opportunity that just makes financial sense.

Last Agent to Sell the Property

Deborah Rieders

Corcoran Group License #30RI0955004 Listed on: 02/18/2019

Corcoran Group

Co-Listed By

Sarah Shuken

Corcoran Group License #10301210822

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,965

Year Built

  • Built in 2006

Lot Details

  • 1,830

Additional Features

  • 3-Story Property
  • Lot Dimensions are 78.0 x 20.0

Community Details

  • 2 Units
  • Lefferts Gardens Subdivision

Listing and Financial Details

  • Legal Lot and Block 0048 / 4796

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,965

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Cross Street: Nostrand Avenue & New York Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Lefferts Gardens
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 78.0 x 20.0

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 2006

Tax Info

  • Tax Block: 4796
  • Tax Lot: 0048

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2019
Closed on
Jul 18, 2019
Sold by
Bran-Trav Llc Retirement Plan
Bought by
Richardson Lauren Panging
Seller's Agent
Deborah Rieders
Corcoran Group
List Price
$1,595,000
Sold Price
$1,550,000
Premium/Discount to List
-$45,000
-2.82%
Current Estimated Value
$1,700,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,607
Avg. Annual Appreciation
1.30%

Purchase Details

Closed on
Aug 30, 2018
Sold by
Angel Vanessa
Bought by
Bran-Trav Llc Retirement Plan

Purchase Details

Closed on
Nov 29, 2001
Sold by
Melody Development Inc
Bought by
Angel Beatrice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,100
Interest Rate
7.04%

Purchase Details

Closed on
Oct 18, 1999
Sold by
Florival Edriss and Frazier Harry
Bought by
Melody Development Inc
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
Richardson Lauren Panging $1,550,000 --
Bran-Trav Llc Retirement Plan $1,200,000 --
Angel Vanessa -- --
Angel Beatrice -- --
Melody Development Inc $78,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Angel Beatrice $332,717
Previous Owner Angel Beatrice $308,812
Previous Owner Angel Beatrice $296,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2019 07/17/19 Sold $1,550,000 -2.8% $770 / Sq Ft
06/17/2019 06/17/19 Pending -- -- --
02/18/2019 02/18/19 For Sale $1,595,000 -- $793 / 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 $7,965 $70,500 $18,600 $51,900
2024 $7,965 $82,920 $18,600 $64,320
2023 $7,598 $73,020 $18,600 $54,420
2022 $7,405 $59,280 $18,600 $40,680
2021 $7,608 $56,940 $18,600 $38,340
2020 $7,608 $52,800 $18,600 $34,200
2019 $6,254 $52,800 $18,600 $34,200
2018 $5,696 $31,176 $11,961 $19,215
2017 $5,548 $30,384 $13,118 $17,266
2016 $2,416 $30,384 $15,646 $14,738
2015 $1,290 $29,190 $14,314 $14,876
2014 $1,290 $27,538 $16,205 $11,333
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10542010

Real Estate Board of New York (REBNY)

APN: 04796-0050