NOT LISTED FOR SALE

Estimated Value: $433,592 - $656,000

1 Bed
1 Bath
675 Sq Ft
$389/mo HOA Fee

Last Sold January 26, 2022

Last sale price $461,000 $683 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,515/month

221 Days on Market

About This Home

As of January 2022

Sunset Park/Bay Ridge 1 bedroom 1 bath Condo in a well-maintained 2-elevator high-rise building. This 675SF corner unit on the 6th floor is currently being used as 1 bedroom + office and can be easily restored to its original 1 bedroom layout. It has been recently renovated with gas cooktop, the original dishwasher plumbing still behind the cabinet, owner can restore the dishwasher and gas range in the kitchen. Hardwood floors, and new boiler have been replaced. Low monthly maintenance of $388 and RE Taxes of $188..

Building has laundry in the basement, evening doorman and is conveniently located close to major transportation (Subway: N/R Buses: B9, B63, B64, X27). 20 minutes to Manhattan and easy transportation access to Belt Pkwy, and the BQE. It is also close to 8th Avenue shops, restaurants, local parks and waterfront promenade nearby.

Last Agent to Sell the Property

Anita Luo

Brown Harris Stevens Brooklyn LLC License #10301200469 Listed on: 04/20/2021

Brown Harris Stevens Brooklyn LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,256

Year Built

  • Built in 1990

HOA Fees

  • $389 Monthly HOA Fees

Home Design

  • 675 Sq Ft Home
  • Entry on the 6th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Community Details

  • 77 Units
  • Bay Royal Towers Co Condos
  • Sunset Park Subdivision
  • 14-Story Property

Listing and Financial Details

  • Tax Block 05818

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,256

Year Built

Built in 1990

Lot Details

0

HOA Fees

$389 per month

Listing Details

  • Cross Street: 4 AVENUE and 5 AVENUE
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Sunset Park
  • Entry Level: 6
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 14

Interior Features

  • Living Area: 675.0
  • Living Area Units: Square Feet

Beds/Baths

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

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 389.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: Bay Royal Towers Co
  • Units: 77
  • Total Stories: 14
  • Year Built: 1990

Tax Info

  • Tax Block: 05818
  • Tax Annual: 2256.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2021
Closed on
Jan 26, 2022
Sold by
Lin Shaoqun and Zheng Deqiang
Bought by
Poon Shing
Seller's Agent
Anita Luo
Brown Harris Stevens Brooklyn LLC
List Price
$488,000
Sold Price
$461,000
Premium/Discount to List
-$27,000
-5.53%
Current Estimated Value
$542,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,648
Avg. Annual Appreciation
4.16%
Original Mortgage
$233,000
Outstanding Balance
$215,559
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$327,089

Purchase Details

Listed on
Feb 17, 2016
Closed on
Sep 29, 2016
Sold by
Aziz Odette and Boulos Laila
Bought by
Lin Shaoqun and Zheng Deqiang
Seller's Agent
Abdalla Soliman
Our Island Real Estate, Inc.
Buyer's Agent
Broker Non-MLS
MLS
List Price
$425,000
Sold Price
$370,000
Premium/Discount to List
-$55,000
-12.94%

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
$220,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2005
Sold by
Bay Royal Towers Ltd
Bought by
Aziz Odette and Boulos Laila
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Poon Shing $461,000 --
Poon Shing $461,000 --
Poon Shing $461,000 --
Lin Shaoqun $370,000 --
Lin Shaoqun $370,000 --
Lin Shaoqun $370,000 --
Aziz Odette -- --
Aziz Odette -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poon Shing $233,000
Closed Poon Shing $233,000
Previous Owner Lin Shaoqun $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/26/2022 01/26/22 Sold $461,000 -5.5% $683 / Sq Ft
04/20/2021 04/20/21 For Sale $488,000 +31.9% $723 / Sq Ft
09/29/2016 09/29/16 Sold $370,000 -12.9% $548 / Sq Ft View Prior Sale
05/16/2016 05/16/16 Pending -- -- --
02/17/2016 02/17/16 For Sale $425,000 -- $630 / 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 $3,701 $31,147 $1,442 $29,705
2024 $3,701 $34,336 $1,442 $32,894
2023 $3,413 $29,913 $1,442 $28,471
2022 $3,291 $29,521 $1,442 $28,079
2021 $3,079 $25,103 $1,442 $23,661
2020 $1,105 $25,426 $1,442 $23,984
2019 $2,250 $25,426 $1,442 $23,984
2018 $3,132 $25,282 $1,442 $23,840
2017 $3,108 $24,435 $1,443 $22,992
2016 $2,983 $23,137 $1,442 $21,695
2015 $633 $25,818 $1,442 $24,376
2014 $633 $24,451 $1,442 $23,009
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10812851

Real Estate Board of New York (REBNY)

APN: 05818-1038