NOT LISTED FOR SALE

Estimated Value: $1,352,000 - $1,478,866

4 Beds
2.5 Baths
2,846 Sq Ft
$500/Sq Ft Est. Value

Last Sold January 28, 2023

Last sale price $1,325,000 $466 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,661/month

41 Days on Market

About This Home

As of January 2023

Abundant natural sunlight is the star of this spacious, semi-detached single family home with a deck, backyard, private driveway, and garage at 47 Bay Ridge Parkway. Whether it's the variety of recreational activities available at Bay Ridge's coveted waterfront parks you seek or express coach-style buses to Manhattan, both are only about a block away.

This lovingly maintained house has been in the same family for over 60 years* and is comprised of about 3000 square feet of usable space with 4 bedrooms plus study, 2.5-bathrooms, and an English-basement. The home has great bones, a nice flow, and can be occupied while you make upgrades to your personal taste. The sprawling south-facing living room perfect for entertaining boasts four large windows and an archway between the living space and dining area maintains the open flow while creating two distinct spaces. The dining room features an original stained glass window and is accessible to a modern 3/4 bathroom.

The mid-century, 'arts and crafts' style eat-in-kitchen with brand new dishwasher, features quality-crafted wooden cabinets that provide generous storage and plenty of workspace for preparing meals. A deck off the kitchen, large enough for a grill and dining set, leads to a yard perfect for gardening and outdoor entertaining on warm summer nights.

One floor up are three well-apportioned bedrooms, including a spacious south-facing primary bedroom with two closets and a charming, vintage-style windowed bathroom with double vanity. Beautiful original parquet floors add warmth and charm throughout the second floor.



The finished attic features hardwood floors and pitched ceilings high enough to comfortably use as two additional rooms for working from home and overnight guests, while also providing extra storage with three more closets. The English-basement, which can be closed off for separate access from the driveway, is currently used for storage and laundry, but it has a windowed half bath and can easily be finished as an open recreational space or divided into two windowed rooms.

47 Bay Ridge Parkway is located in Bay Ridge, a Brooklyn waterfront community that offers small town charm and a friendly neighborhood vibe, while still being accessible to big city amenities and resources. It is convenient to the subway, express bus, top-rated restaurants, charming shops, an array of specialty markets and grocery stores, well-regarded schools, playgrounds, a botanic garden, and an abundance of parks and outdoor recreation, including cycling, fishing or running along the promenade, tennis, basketball, baseball, soccer, and more!

* Roof was done in 2021, Boiler is from 2001, Hot water heater is from 2015, Electric upgraded in 2007 to 200 amp service. Photos show a virtually staged photo in front of the actual photo.

Last Agent to Sell the Property

Fouad Rahme

Compass License #10301217357 Listed on: 10/20/2022

Compass

Co-Listed By

Grace Rahme

Compass License #10301203381

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,053

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 25.0 x 94.0
  • Garden

Interior Spaces

  • 2,846 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms

Community Details

  • Bay Ridge Subdivision

Listing and Financial Details

  • Legal Lot and Block 66 / 5926

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,053

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Cross Street: Narrows Avenue/Colonial Road
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Bay Ridge
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Living Area: 2846.0
  • Living Area Units: Square Feet
  • Rooms (Total): 9

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Garden

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 25.0 x 94.0

Building Info

  • Total Stories: 2
  • Year Built: 1920

Tax Info

  • Tax Block: 5926
  • Tax Lot: 66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2022
Closed on
Jan 26, 2023
Sold by
Lindsay Marie Germano Executor Of
Bought by
Maxwell Jeanne and Toal Ryan
Seller's Agent
Fouad Rahme
Compass
List Price
$1,325,000
Sold Price
$1,325,000
Views
44
Current Estimated Value
$1,423,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,217
Avg. Annual Appreciation
2.80%
Original Mortgage
$956,250
Outstanding Balance
$926,337
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$496,880
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 Buyer Sale Price Title Company
Maxwell Jeanne $1,275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maxwell Jeanne $956,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2023 01/28/23 Sold $1,325,000 0.0% $466 / Sq Ft
12/02/2022 12/02/22 Pending -- -- --
10/21/2022 10/21/22 For Sale $1,325,000 -- $466 / 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 $11,053 $72,060 $19,140 $52,920
2024 $11,053 $74,460 $19,140 $55,320
2023 $10,565 $72,240 $19,140 $53,100
2022 $9,296 $58,440 $19,140 $39,300
2021 $9,744 $64,080 $19,140 $44,940
2020 $7,350 $54,660 $19,140 $35,520
2019 $8,991 $58,560 $19,140 $39,420
2018 $7,953 $43,352 $14,213 $29,139
2017 $7,395 $41,205 $10,908 $30,297
2016 $7,227 $41,205 $11,390 $29,815
2015 $4,058 $40,482 $16,138 $24,344
2014 $4,058 $38,218 $14,982 $23,236
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10835142

Real Estate Board of New York (REBNY)

APN: 05926-0066