NOT LISTED FOR SALE

Estimated Value: $1,243,521 - $1,557,000

5 Beds
3 Baths
2,508 Sq Ft
$572/Sq Ft Est. Value

Last Sold June 21, 2023

Last sale price $1,522,500 $607 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $8,120/month

211 Days on Market

About This Home

As of June 2023

Here is your chance to purchase one of the few limestone townhouses in Sunset Park and on one of the most gorgeous tree-lined and picturesque blocks in the area.

Lovingly cared for over the years and home to three generations of one family, 429 55th Street is a classic 2-family Sunset Park townhouse that provides a perfect blend of turn-of-the-century Renaissance Revival/ Neo-Greco town house. Built in 1903 by architect Thomas W. Edwards and located in the Sunset Park historic district this home exemplifies the best of the era with a grand high stoop with robust and regal wrought iron bannisters, full-height bay windows on all levels, and just the right amount of exterior ornamentation.

This wonderful home offers you a garden & parlor level duplex with 1,100 square feet of outdoor space and a bright and spacious top floor 2-bedroom rental unit.

The home's garden entry hall leads you to a cozy living room with bay windows that look out into the serene and sunny front yard. Just beyond the living room is the dining room, a large eat-in kitchen and bathroom, as well as access to an entire flexible basement level suited for any of several uses such as a home gym, home office or hobby space, den or playroom. Let's not forget about the generous amounts of private outdoor space, which include a lush and well-cared for rear backyard and garden with annuals and perennials or your sunny front yard. Enjoy your morning coffee or an evening cocktail in one of your garden areas or host a get together.

The parlor floor greets you with 10' high ceilings and features three bedrooms and another updated bathroom. The primary bedroom suite which looks out over the front garden area includes a tremendous dressing area and draws magnificent soft southern light all day. The spacious second bedroom features views of plush greenery from the rear garden. The third bedroom with views of the rear garden area can also be used as a home office.

On the third floor is a bright & spacious 2 bedroom full bath rental unit with a formal living room, dining room or home office and kitchen with original hardwood floors throughout - all in move-in condition.

This home's features include original wrought iron work, decorative carved wood banisters, fireplace and wood moldings, gorgeous inlaid parquet and hardwood floors throughout, updated kitchen and baths and a prominent parlor level enframement consisting of round, free-standing stone columns surmounted by stone capitals, heavy fluted brackets, and a projecting lintel above a foliated panel with a face.

South and north facing this home's perfect elevation allows sunlight to flood each floor all throughout the day and into the evening and is without a doubt a splendid place to make your home.

Don't miss this opportunity to own a home of this quality in burgeoning Sunset Park, with its recently designated Historic Districts and renowned namesake park with famous NYC skyline views, as well as Industry City and its own vibrant local communities. Subway, dining and shopping just around the corner! Only 30 minutes to Manhattan by subway and close to the Brooklyn Army Terminal Ferry landing at 58th Street.

Don't let this opportunity pass you by!

Property sold as is and delivered vacant.

This home qualifies for the First Republic Eagle program-take advantage of low rates! Call today for more information.

Last Agent to Sell the Property

Joseph Corda

Brown Harris Stevens Residential Sales LLC License #10401226449 Listed on: 09/17/2022

Brown Harris Stevens Residential Sales LLC

Home Details

Home Type

  • Single Family

Lot Details

  • 2,004

Interior Spaces

  • 2,508 Sq Ft Home
  • 4-Story Property
  • Decorative Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Community Details

  • Sunset Park Subdivision

Listing and Financial Details

  • Tax Block 00823

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Sunset Park
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Living Area: 2508.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Building Info

  • Units: 1
  • Total Stories: 4

Tax Info

  • Tax Block: 00823

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2022
Closed on
Jun 21, 2023
Sold by
Burgess Irrevocable Trust and Helen Poracky Trustee
Bought by
Cao Wencui and Jiang Dian Feng
Seller's Agent
Joseph Corda
Brown Harris Stevens Residential Sales LLC
List Price
$1,582,000
Sold Price
$1,522,500
Premium/Discount to List
-$59,500
-3.76%
Views
104
Current Estimated Value
$1,425,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$96,995
Avg. Annual Appreciation
-2.27%
Original Mortgage
$823,000
Outstanding Balance
$801,707
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$633,923

Purchase Details

Closed on
Mar 13, 2020
Sold by
Burgess Jr. Deceased Basil S and Burgess Burgess
Bought by
Helen Poracky and Helen Kathleen Vega
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Cao Wencui $1,522,500 --
Helen Poracky -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cao Wencui $823,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2023 06/21/23 Sold $1,522,500 -3.8% $607 / Sq Ft
03/17/2023 03/17/23 For Sale $1,582,000 +3.9% $631 / Sq Ft
03/17/2023 03/17/23 Off Market $1,522,500 -- --
01/06/2023 01/06/23 For Sale $1,582,000 +3.9% $631 / Sq Ft
01/05/2023 01/05/23 Off Market $1,522,500 -- --
09/17/2022 09/17/22 For Sale $1,582,000 -- $631 / 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 $7,996 $71,940 $16,380 $55,560
2024 $7,996 $71,040 $16,380 $54,660
2023 $7,801 $75,900 $16,380 $59,520
2022 $7,266 $62,100 $16,380 $45,720
2021 $7,341 $67,440 $16,380 $51,060
2019 $6,647 $62,760 $16,380 $46,380
2018 $6,465 $33,177 $9,103 $24,074
2017 $6,128 $31,530 $7,904 $23,626
2016 $5,736 $30,242 $8,718 $21,524
2015 $3,368 $28,531 $10,046 $18,485
2014 $3,368 $27,648 $11,675 $15,973
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10860693

Real Estate Board of New York (REBNY)

APN: 00823-0069