NOT LISTED FOR SALE

Estimated Value: $1,161,000 - $1,256,000

5 Beds
2 Baths
1,860 Sq Ft
$648/Sq Ft Est. Value

Last Sold October 30, 2023

Last sale price $1,120,000 $602 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,468/month

85 Days on Market

Highlights

  • Colonial Architecture
  • Property is near public transit
  • 1 Car Detached Garage
  • P.S. 107 Thomas A Dooley Rated A-
  • 1 Fireplace
  • Park

About This Home

As of October 2023

Welcome to 45-56 171 Place, a captivating 2-family house located in the desirable neighborhood of Flushing. This residence offers a spacious and versatile layout, featuring a total of 5 beds and 2 baths. Let's explore the delightful features of each floor: The first floor showcases a large living room, a formal dining room, 3 bedrooms, a bathroom, fireplace. The open and airy layout creates a welcoming atmosphere for both relaxation and entertaining. Moving to the second floor, you'll find a comfortable living room and an eat-in kitchen, providing the perfect space for culinary creations and shared meals. Additionally, there is one bedroom and one bathroom, offering privacy and convenience and connected to the huge rear deck. The third floor boasts a walk-up attic transformed into a bedroom (Apprx 300 Sqft). The full and unfinished basement provides ample space for storage, a workshop, or customization to suit your needs and preferences. new Boiler(5 years old) One of the notable advantages of 45-56 171 Place is its prime location with excellent transportation options. Nearby, you'll find various bus lines, including the Q17, Q26, Q27, Q65, and Q88, ensuring seamless connectivity to different parts of the city. The surrounding area offers an array of amenities and attractions. From shops and restaurants to parks and recreational facilities, you'll find everything within reach. Enjoy the vibrant energy of Flushing, indulge in diverse cuisines, explore nearby parks for leisurely walks, and experience the cultural richness of the neighborhood. In summary, 45-56 171 Place presents a charming 2-family home in Flushing, offering 5 beds, 2 baths, a walk-up attic, and a full unfinished basement. Benefit from the convenience of nearby bus and train lines, allowing easy commuting and exploration of the city. Embrace the vibrant surroundings, including shops, restaurants, parks, and cultural offerings. Don't miss the opportunity to make this remarkable property your new home. Schedule a viewing today!

Last Listed By

Charles Chang

Exit Realty Team License #49CH1105136 Listed on: 05/16/2023

Exit Realty Team

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,706

Year Built

  • Built in 1930

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100
  • No Common Walls

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Frame Construction

Interior Spaces

  • 1,860 Sq Ft Home
  • 1 Fireplace
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit

Schools

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

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Heating System Uses Oil

Listing and Financial Details

  • Legal Lot and Block 60 / 5450
  • Assessor Parcel Number 05450-0060

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,706

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1930
  • New Construction: No
  • Co List Office Mls Id: ONECHAC01
  • Co List Office Phone: 718-358-4000
  • BuildingSize: 20.3x54.3+16.5x7
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Fireplaces: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Full, Unfinished
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Living Area: 1860
  • SquareFootage: 1860.00
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Frame
  • FloodZoneReportYN: 1

Garage/Parking

  • Total Parking Spaces: 3
  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Private, Detached, 1 Car Detached, Driveway, Garage

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Steam
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Fuel Oil Stand Alone
  • NumberOfHeatingZones: 1

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 25 Adrien Block

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 50x100
  • Lot Size Sq Ft: 5000
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 05450-0060
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-05-17

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 8706.28
  • Tax Block: 5450
  • Tax Lot: 60
  • Tax Map Number: 05450-0060

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
May 16, 2023
Closed on
Oct 27, 2023
Sold by
J Par 4 Llc
Bought by
4556 171Stpl Llc
Seller's Agent
Charles Chang
Exit Realty Team
Buyer's Agent
Siu Tsang
Chous Realty Group Inc
List Price
$1,180,000
Sold Price
$1,120,000
Premium/Discount to List
-$60,000
-5.08%
Total Days on Market
85
Views
96
Current Estimated Value
$1,206,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,046
Avg. Annual Appreciation
5.87%
Original Mortgage
$500,000
Outstanding Balance
$493,824
Interest Rate
7.19%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$730,416

Purchase Details

Closed on
Feb 10, 2020
Sold by
Carney Jane and Narizzano Judy
Bought by
J Par 4 Llc

Purchase Details

Closed on
Aug 11, 2016
Sold by
Carney Executrix Jane and Estate Of Joseph Pardini
Bought by
Carney Jane and Narizzano Judith

Range of Values:

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Average Value
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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
4556 171Stpl Llc $1,120,000 --
J Par 4 Llc -- --
Carney Jane -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4556 171Stpl Llc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2023 10/30/23 Sold $1,120,000 -5.1% $602 / Sq Ft
08/10/2023 08/10/23 Pending -- -- --
05/16/2023 05/16/23 For Sale $1,180,000 -- $634 / Sq Ft
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 $8,996 $44,789 $11,873 $32,916
2023 $8,996 $44,789 $12,571 $32,218
2022 $8,263 $63,900 $20,040 $43,860
2021 $8,659 $61,080 $20,040 $41,040
2020 $8,216 $63,180 $20,040 $43,140
2019 -- $68,940 $20,040 $48,900
2018 -- $37,324 $13,960 $23,364
2017 -- $36,343 $14,065 $22,278
2016 $5,882 $34,287 $12,004 $22,283
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3478566

OneKey® MLS

APN: 05450-0060