NOT LISTED FOR SALE

Estimated Value: $1,618,000 - $2,310,000

3 Beds
2.5 Baths
2,223 Sq Ft
$895/Sq Ft Est. Value

Last Sold July 11, 2019

Last sale price $1,880,750 $846 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $10,699/month

66 Days on Market

Highlights

  • Pre War Building
  • 4-minute walk to Franklin Avenue (A,C,S Line)
  • Wood Burning Fireplace
  • Intercom
  • Garden
  • 4-minute walk to John Hancock Playground

About This Home

As of July 2019

Are you looking for that special house that gives you everything you
already need and everything that you may want in a few years? Well then
427 Franklin Avenue is the home for you now. This terrific house on the
Bedford Stuyvesant and Clinton Hill border, close to all that you desire, has
A.I.R of over 2,600 square feet. In other words, this home has enormous
potential. Currently, a duplex over a lovely garden rental, an ideal set-up,
with East and West exposures ensure that you wake up to the sun in the
rear of the house and watch the setting sun in the evening on the facade.
The home has been renovated and has a wonderful open loft feeling and
vibe. Radiant heat floors throughout, including the fully-finished basement,
new wood floors, several original mantels, two wood burning fireplaces, for
those chilly days, high ceilings, floor to ceiling windows in the living room, a
lovely and inviting entry, a plethora of light and many original details make
this house a home. Off of the large airy kitchen there are stairs leading to a
secluded garden oasis filled with hydrangea and even a tree house.
Upstairs there are two bedrooms and a large lovely bathroom. Stairs have
already been installed when you choose to add an extra floor or add a
decked lovely roof-top sanctuary. On the second floor there is also laundry.
The rental apartment commands $2,700 a month but could also be
incorporated into the duplex for a nice single use home. (It will be delivered
vacant.) The options are obviously bountiful. Close to transportation, the A,
C, G and S trains, B25 and B26, buses, along with grocery stores, cafés,
bars and restaurants, this home is almost perfect, all it needs is you to
make it home!

Co-Listed By

Jean Manon

Compass License #40MA0901217

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 19.0 x 35.0
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 2,223 Sq Ft Home
  • 3-Story Property
  • Wood Burning Fireplace
  • Intercom

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Heating System Uses Natural Gas

Community Details

  • Bedford Stuyvesant Subdivision
  • Water Sewer Expense $500

Listing and Financial Details

  • Legal Lot and Block 4 / 1988

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

1,655 Sq Ft Lot

Listing Details

  • Cross Street: Madison Street/Monroe Street
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Equipment (Other): Intercom
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 2223.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Garden

Garage/Parking

  • Garage: No

Utilities

  • Heating: Building Natural Gas, Natural Gas
  • Heating: Yes

Fee Information

  • Annual Water Sewer Expense: 500.0

Lot Info

  • Lot Size Dimensions: 19.0 x 35.0

Building Info

  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 1988
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2019
Closed on
Jul 11, 2019
Sold by
Farrell Sonya M and Hong Joan M
Bought by
Beitler Alejandro B and Wang Wen
List Price
$1,880,750
Sold Price
$1,880,750
Current Estimated Value
$1,990,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,821
Avg. Annual Appreciation
0.85%
Original Mortgage
$356,665
Outstanding Balance
$312,470
Interest Rate
3.82%
Mortgage Type
Unknown
Estimated Equity
$1,678,101

Purchase Details

Closed on
Aug 20, 2018
Sold by
Carver Farrell Sonya and Carver Farrell Woodman
Bought by
Farrell Sonya M and Hong Joan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,163,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 13, 2018
Sold by
Farrell Woodman Carver
Bought by
Carver Farrell Sonya and Carver Farrell Woodman

Purchase Details

Closed on
Jun 9, 2006
Sold by
Cooper Elaine
Bought by
Farrell Woodman Carver

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
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
Beitler Alejandro B $1,880,750 --
Farrell Sonya M -- --
Carver Farrell Sonya -- --
Farrell Woodman Carver $540,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beitler Alejandro B $356,665
Previous Owner Farrell Sonya M $1,163,000
Previous Owner Farrell Woodman Carver $432,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2019 07/11/19 Sold $1,880,750 0.0% $846 / Sq Ft
04/19/2019 04/19/19 Pending -- -- --
02/11/2019 02/11/19 For Sale $1,880,750 -- $846 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $4,109 $92,940 $20,460 $72,480
2024 $4,109 $99,780 $20,460 $79,320
2023 $4,118 $122,400 $20,460 $101,940
2022 $3,819 $105,540 $20,460 $85,080
2021 $3,799 $81,480 $20,460 $61,020
2020 $1,783 $92,640 $20,460 $72,180
2019 $3,566 $86,640 $20,460 $66,180
2017 $3,250 $15,942 $4,893 $11,049
2016 $3,008 $15,045 $6,234 $8,811
2015 $1,814 $14,206 $6,579 $7,627
2014 $1,814 $14,206 $7,895 $6,311
Source: Public Records

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10019658

Real Estate Board of New York (REBNY)

APN: 01988-0004

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