NOT LISTED FOR SALE

Estimated Value: $1,214,000 - $1,262,000

8 Beds
3 Baths
-- Sq Ft
2,473 Sq Ft Lot

Last Sold June 06, 2024

Last sale price $1,220,000

Est. 1% increase in value since last sale

Current estimated payment $7,698/month

67 Days on Market

Highlights

  • Colonial Architecture
  • Window Unit Cooling System
  • 2-minute walk to Martin's Playground
  • P.S. 107 Thomas A Dooley Rated A-
  • Hot Water Heating System

About This Home

As of June 2024

this is the unique property in the area with legal three family house. great location close to downtown flushing, great for investors, high potential rental income, property features three bedrooms apt and two bedrooms apt on the first floor as well as three bedrooms apt on the second floor, driveway can park two cars.

Last Agent to Sell the Property

Xiao Zhong Chen

Charles Rutenberg Realty Inc Brokerage Phone: 516-708-5300 License #10401210493 Listed on: 12/26/2023

Charles Rutenberg Realty Inc

Last Buyer's Agent

Xiao Zhong Chen

Charles Rutenberg Realty Inc Brokerage Phone: 516-708-5300 License #10401210493 Listed on: 12/26/2023

Charles Rutenberg Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,501

Year Built

  • Built in 1920 | Remodeled in 2020

Lot Details

  • 2,473 Sq Ft Lot
  • Lot Dimensions are 30x82.42
  • No Common Walls

Home Design

  • Colonial Architecture
  • Frame Construction
  • Aluminum Siding

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Private Parking
  • Driveway

Schools

  • Is 25 Adrien Block Middle School
  • Francis Lewis High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Partially Finished Basement

Listing and Financial Details

  • Legal Lot and Block 21 / 5443
  • Assessor Parcel Number 05443-0021

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,501

Year Built

Built in 1920 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Property Condition: good
  • Year Built: 1920
  • New Construction: No
  • Year Built Effective: 2020
  • Attribution Contact: 516-708-5300
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Partially Finished
  • Total Bedrooms: 8
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Frame, Aluminum Siding
  • FloodZoneReportYN: 1

Garage/Parking

  • Total Parking Spaces: 2
  • Attached Garage: No
  • Garage: No
  • Parking Description: Private, Driveway

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 25 Adrien Block

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Dimensions: 30x82.42
  • Lot Size Sq Ft: 2473
  • Lot Size Units: Acres
  • Parcel Number: 05443-0021
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-12-27

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 9501
  • Tax Block: 5443
  • Tax Lot: 21
  • Tax Map Number: 05443-0021

MLS Schools

  • High School: Francis Lewis High School
  • Middle School District: Queens 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2023
Closed on
Jun 6, 2024
Sold by
Kong Li L and Kong Li Ling
Bought by
45-23 164St Llc
Seller's Agent
Xiao Zhong Chen
Charles Rutenberg Realty Inc
Buyer's Agent
Xiao Zhong Chen
Charles Rutenberg Realty Inc
List Price
$1,298,000
Sold Price
$1,220,000
Premium/Discount to List
-$78,000
-6.01%
Views
56
Current Estimated Value
$1,237,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,687
Avg. Annual Appreciation
1.37%
Original Mortgage
$854,000
Outstanding Balance
$845,224
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$392,463

Purchase Details

Listed on
Mar 18, 2013
Closed on
Sep 23, 2013
Sold by
Optimum Services Management Inc
Bought by
Kong Li L and Kong Ngan Sek
Seller's Agent
Yiyi Wu
East Coast REALTORS Inc
Buyer's Agent
Xiao Zhong Chen
Charles Rutenberg Realty Inc
List Price
$668,000
Sold Price
$639,500
Premium/Discount to List
-$28,500
-4.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%
Original Mortgage
$479,250
Interest Rate
4.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 1998
Sold by
Manessis George and Manessis Areti
Bought by
Optimim Services Management Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.5%
Source: Public Records

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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
45-23 164St Llc $1,220,000 --
Kong Li L $639,000 --
Kong Li L $639,000 --
Optimim Services Management Inc $255,000 First American Title Ins Co
Optimim Services Management Inc $255,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 45-23 164St Llc $854,000
Previous Owner Kong Li L $29,297
Previous Owner Kong Li L $263,026
Previous Owner Kong Li L $479,250
Previous Owner Optimim Services Management Inc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2024 06/06/24 Sold $1,220,000 -5.3% --
03/03/2024 03/03/24 Pending -- -- --
01/26/2024 01/26/24 Price Changed $1,288,000 -0.8% --
12/26/2023 12/26/23 For Sale $1,298,000 +103.0% --
09/23/2013 09/23/13 Sold $639,500 -4.3% --
06/11/2013 06/11/13 Pending -- -- --
03/18/2013 03/18/13 For Sale $668,000 -- --
Source: OneKey® MLS

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
2024 $9,959 $49,584 $14,024 $35,560
2023 $9,396 $46,780 $11,166 $35,614
2022 $9,339 $76,200 $21,840 $54,360
2021 $9,770 $81,480 $21,840 $59,640
2020 $9,271 $75,120 $21,840 $53,280
2019 $8,637 $64,320 $21,840 $42,480
2018 $7,947 $38,983 $13,425 $25,558
2017 $7,947 $38,983 $15,474 $23,509
2016 $7,734 $38,983 $15,474 $23,509
2015 $4,436 $36,499 $14,643 $21,856
2014 $4,436 $34,434 $15,613 $18,821
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3522376

OneKey® MLS

APN: 05443-0021