$960,000
SOLD APR 4, 2017
2 Beds
2 Baths
821 Sq Ft
$604/mo HOA Fee

Recently Sold

$1,169 Per Sq Ft

22 Days on Market

Highlights

  • Newly Remodeled
  • Rooftop Deck
  • North Facing Home
  • P.S./I.S. 78Q Early Childhood Center Rated A
  • Garage
  • 4-minute walk to Gantry Plaza State Park

About This Home

As of April 2017

Discover modern luxury in the heart of Hunters Point South. The Monarch is a beautifully constructed condominium with close proximity to the Long Island City Waterfront, Gantry State Park, and the Long Island City Landing. Enjoy stunning views throughout the day in a brightly lit apartment space that epitomizes the height of comfort, relaxation, and convenience. Located centrally to daily necessities,including the Food Cellar supermarket, Duane Reade, and a Kitchen Plus More for all of your last minute apartment accessories and stocking stuffers, The Monarch is the ideal boutique Long Island City condominium space.

At The Monarch you will find luxury finishes at every turn. From the fully-equipped gym, to the lavishly decorated lobby, and the video security system, The Monarch will make you feel as if you are living in a dream. Enjoy the convenience of off-street parking and a bike storage area for your immediate use. The inside of your new home is also designed with comfort in mind. Engineered wood, Bosch appliances, and porcelain tile bathrooms will inspire you to decorate to your heart?s content. With spacious floor plans and plenty of natural light, hosting Sunday brunch or late-night wine tastings has never been more enjoyable. However, if you do want to venture into Manhattan, you only need to take a short walk to the G, 7, E, or M train lines or hop on the East River Ferry for an enjoyable trip sans traffic. With only six stories and 21 units, The Monarch is a boutique condominium that embraces modern luxury and a feeling of community, while providing residents with immediate access to all of life?s daily comforts.

Last Agent to Sell the Property

Christina DeCurtis

Modern Spaces License #10301209294 Listed on: 08/17/2016

Modern Spaces

Co-Listed By

Ingrid Di Lisio

Modern Spaces License #10301208530

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,212

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • North Facing Home

HOA Fees

  • $604 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 821 Sq Ft Home
  • Entry on the 3rd floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Block 29

Community Details

Overview

  • Long Island City Subdivision
  • 6-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,212

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$604 per month

Listing Details

  • Cross Street: 48th Avenue/47th Road
  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Long Island City
  • Entry Level: 3
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 821.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Wall Unit(s)
  • Heating: Natural Gas
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 604.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: Yes
  • Total Stories: 6
  • Year Built: 2016

Tax Info

  • Tax Block: 29
  • Tax Lot: 0
  • Tax Annual: 1212.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2016
Closed on
Apr 26, 2017
Sold by
47-05 5Th Street Llc
Bought by
Zhao Jianhan
Seller's Agent
Christina DeCurtis
Modern Spaces
List Price
$960,000
Sold Price
$960,000
Current Estimated Value
$1,231,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,159
Avg. Annual Appreciation
2.14%
Original Mortgage
$540,000
Outstanding Balance
$448,551
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$699,752
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $977,645 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $15,949 Unknown
Open $540,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2020 09/20/20 Rented -- -- --
08/21/2020 08/21/20 Under Contract -- -- --
07/11/2020 07/11/20 For Rent $4,200 0.0% --
04/04/2017 04/04/17 Sold $960,000 0.0% $1,169 / Sq Ft
09/08/2016 09/08/16 Pending -- -- --
08/17/2016 08/17/16 For Sale $960,000 -- $1,169 / 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 $5,678 $103,560 $17,370 $86,190
2024 $5,678 $100,303 $17,370 $82,933
2023 $3,319 $97,417 $17,370 $80,047
2022 $1,080 $97,127 $17,370 $79,757
2021 $1,083 $98,231 $17,370 $80,861
2020 $1,101 $100,782 $17,370 $83,412
2019 $1,113 $98,629 $17,370 $81,259
2018 $1,123 $93,099 $12,419 $80,680
2017 $11,413 $89,731 $10,507 $79,224
2016 $0 $89,731 $10,507 $79,224
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10032850

Real Estate Board of New York (REBNY)

APN: 00029-1308