NOT LISTED FOR SALE

Estimated Value: $1,326,000 - $2,607,000

-- Bed
-- Bath
2,500 Sq Ft
$706/Sq Ft Est. Value

Last Sold January 02, 2018

Last sale price $1,825,000 $730 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $10,093/month

78 Days on Market

Highlights

  • Pre War Building
  • Ditmas Junior High school Rated A-
  • 2-minute walk to Cortelyou Road

About This Home

As of January 2018

This two-family Victorian in Ditmas Park sprawls over three floors and includes seven bedrooms, three full bathrooms, two kitchens and two laundry rooms. Original details abound, including hardwood floors, stained glass windows, pocket doors, fireplaces, and four separate outdoor porches. Lovingly cared for by the same family for over 25 years, this home is well-maintained and in excellent mechanical condition. The full basement provides extra square footage for storage as well as a workshop or flex-space, while the 4000 square foot lot includes a beautifully landscaped back garden, highlighted by a large, solidly-built, free-standing gazebo that seats more than a dozen people. In addition, there is ample room along the side of the house to add a curb-cut and driveway for private off-street parking. Conveniently located on a lovely tree-lined block just steps from trendy Cortelyou Road, the property is a short stroll from many shops, cafés and restaurants, including Brooklyn Industries, The Purple Yam, The Farm on Adderley, Mimi's Hummus, Lea, Catskill Bagel Company, Costello Plan and the Flatbush Coop. The Cortelyou Road B/Q stop is also less than a block away, allowing an easy 20 minute commute into Manhattan. With low property taxes, two legal apartments that can be rented from day one and a cap rate over 4.5%, this property would also make an excellent investment. Ditmas Park is one of Brooklyn's hidden gems and has been getting more and more attention in recent years. With its tree-lined streets, stately Victorian homes and convenience to both Prospect Park and Manhattan, it is sure to increase in popularity for years to come. Call or email us today for an appointment to view this stunning property.

Last Agent to Sell the Property

Peter Gumas

Berkshire Hathaway HomeServices New York Properties License #10301218170 Listed on: 09/12/2017

Berkshire Hathaway HomeServices New York Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,997

Year Built

  • Built in 1915

Lot Details

  • 4,008

Home Design

  • Pre War Building

Interior Spaces

  • 2,500 Sq Ft Home
  • 3-Story Property

Community Details

  • 2 Units
  • Ditmaspk Subdivision

Listing and Financial Details

  • Tax Block 5157

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,997

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Cross Street: Cortelyou Road
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: DITMASPK
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Living Area: 2500.0
  • Living Area Units: Square Feet

Utilities

  • Cooling: Building Cooling

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 1915

Tax Info

  • Tax Block: 5157

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2017
Closed on
Dec 27, 2017
Sold by
Kramer Ilene M
Bought by
Garman Raedel
Seller's Agent
Peter Gumas
Berkshire Hathaway HomeServices New York Properties
List Price
$1,750,000
Sold Price
$1,825,000
Premium/Discount to List
$75,000
4.29%
Current Estimated Value
$1,764,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$60,905
Avg. Annual Appreciation
-0.44%
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
Garman Raedel $1,825,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kramer Ilene M $120,000
Previous Owner Mastanduno Joseph $11,596
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2018 01/02/18 Sold $1,825,000 +4.3% $730 / Sq Ft
12/03/2017 12/03/17 Pending -- -- --
09/15/2017 09/15/17 For Sale $1,750,000 -- $700 / 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 $5,997 $104,340 $26,460 $77,880
2024 $5,997 $110,160 $26,460 $83,700
2023 $6,064 $135,180 $26,460 $108,720
2022 $5,915 $110,760 $26,460 $84,300
2021 $5,883 $103,800 $26,460 $77,340
2020 $4,412 $103,980 $26,460 $77,520
2019 $5,205 $99,120 $26,460 $72,660
2018 $5,072 $24,883 $6,134 $18,749
2017 $4,734 $24,693 $6,170 $18,523
2016 $4,347 $23,296 $7,124 $16,172
2015 $2,590 $21,979 $10,084 $11,895
2014 $2,590 $20,736 $10,171 $10,565
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10029974

Real Estate Board of New York (REBNY)

APN: 05157-0028