NOT LISTED FOR SALE

388 Madison St Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,544,012 - $2,610,000

-- Bed
-- Bath
2,700 Sq Ft
$791/Sq Ft Est. Value

About This Home

This home is located at 388 Madison St, Brooklyn, NY 11221 and is currently estimated at $2,136,503, approximately $791 per square foot. 388 Madison St is a home located in Kings County with nearby schools including P.S. 44 Marcus Garvey, Brooklyn East Collegiate Charter School, and Unity Preparatory Charter School of Brooklyn.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2020
Sold by
Ekema Emma
Bought by
Derby Daniel V and Ekema Emma
Current Estimated Value
$2,136,503

Purchase Details

Closed on
Dec 12, 2017
Sold by
Shearin Richard and Walker Samarity
Bought by
Ekema Emma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Outstanding Balance
$881,934
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,254,569

Purchase Details

Closed on
Dec 9, 2008
Sold by
Jewish Association For Services For The and As The Guardian
Bought by
Shearin Richard and Walker Samarity

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2008
Sold by
Balan Elsie and Sorkin Neuphemia
Bought by
Sorkin Neuphemia

Purchase Details

Closed on
Nov 7, 2000
Sold by
Brown Gerald E and Downie Yousef S
Bought by
Balan Elsie and Sorkin Neuphemia
Source: Public Records

Range of Values:

Collateral Analytics

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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.

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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.

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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.

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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
Derby Daniel V -- --
Ekema Emma $1,400,000 --
Shearin Richard $490,000 --
Shearin Richard $490,000 --
Sorkin Neuphemia -- --
Sorkin Neuphemia -- --
Balan Elsie -- --
Balan Elsie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ekema Emma $1,050,000
Previous Owner Shearin Richard $290,000
Source: Public Records

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 $7,007 $95,700 $15,840 $79,860
2024 $7,007 $99,180 $15,840 $83,340
2023 $5,765 $89,460 $15,840 $73,620
2022 $4,434 $85,320 $15,840 $69,480
2021 $4,410 $74,100 $15,840 $58,260
2020 $2,192 $89,880 $15,840 $74,040
2019 $4,347 $82,560 $15,840 $66,720
2018 $3,999 $19,615 $3,579 $16,036
2017 $3,474 $18,511 $4,340 $14,171
2016 $3,181 $17,464 $5,528 $11,936
2015 $1,886 $17,464 $6,217 $11,247
2014 $1,886 $17,317 $7,397 $9,920
Source: Public Records

Map

New York Kings County Brooklyn 11221 Bed-Stuy

388 Madison St, Brooklyn, NY

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