NOT LISTED FOR SALE

48-45 38th St Long Island City, NY 11101

Long Island City Neighborhood

Estimated Value: $1,229,000 - $1,386,000

3 Beds
3 Baths
-- Sq Ft
1,800 Sq Ft Lot

Last Sold February 12, 2016

Last sale price $918,000

Est. 43% increase in value since last sale

Current estimated payment $7,549/month

83 Days on Market

Highlights

  • Contemporary Architecture
  • Formal Dining Room
  • Eat-In Kitchen
  • Wood Flooring
  • Attached Garage
  • Hot Water Heating System

About This Home

As of February 2016

Prime Location, Extremely Well Maintained Two Family House. Everything Is Like Brand New. 2 New Heating Systems And Finished Basement, Additional information: Appearance:Super Mint,Separate Hotwater Heater:4

Last Agent to Sell the Property

Jay Modi

RE/MAX Frontier Brokerage Phone: 718-224-2900 License #40MO1024827 Listed on: 08/13/2015

RE/MAX Frontier

Co-Listed By

Neal & Jay Modi

RE/MAX Frontier Brokerage Phone: 718-224-2900 License #30MO0741430

Last Buyer's Agent

Jay Modi

RE/MAX Frontier Brokerage Phone: 718-224-2900 License #40MO1024827 Listed on: 08/13/2015

RE/MAX Frontier

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,133

Year Built

  • Built in 1944

Lot Details

  • 1,800 Sq Ft Lot
  • Lot Dimensions are 20 x 90

Parking

  • Attached Garage

Home Design

  • Duplex
  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • Formal Dining Room
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Dishwasher,Dryer,Washer
  • Legal Lot and Block 13 / 231
  • Assessor Parcel Number 00231-0013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,133

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Contemporary
  • Property SubType: Duplex
  • Exclusions: Dishwasher,Dryer,Washer
  • Year Built: 1944
  • Attribution Contact: 718-224-2900
  • Co List Office Mls Id: KEYRMF01
  • Co List Office Phone: 718-224-2900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen, Formal Dining
  • Flooring: Hardwood
  • Full Bathrooms: 3
  • Basement: Finished, Full
  • Total Bedrooms: 3
  • Basement YN: No

Exterior Features

  • Construction Materials: Brick
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking Description: Attached, Private

Utilities

  • Cooling: None
  • Heating: Hot Water, Natural Gas
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Dimensions: 20 X 90
  • Lot Size Sq Ft: 1800
  • Parcel Number: 00231-0013
  • Property Attached: Yes
  • Additional Parcels: No
  • Zoning: R2-2/R5

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 5133
  • Tax Block: 231
  • Tax Lot: 13

MLS Schools

  • Middle School District: Queens24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2021
Sold by
Achilleos-Ioannou Demetra and Ioannou Evan G
Bought by
Qian Qiang
Current Estimated Value
$1,308,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Outstanding Balance
$872,030
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$436,194

Purchase Details

Listed on
Aug 13, 2015
Closed on
Feb 12, 2016
Sold by
Erazo Angel J
Bought by
Achilleos-Ioannou Demetra and Ioannou Evan G
Seller's Agent
Jay Modi
RE/MAX Frontier
Buyer's Agent
Jay Modi
RE/MAX Frontier
List Price
$988,888
Sold Price
$918,000
Premium/Discount to List
-$70,888
-7.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.72%
Original Mortgage
$814,788
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 19, 2010
Sold by
Mcdonald Deceased Albert P
Bought by
Liu Jessie Jingzhi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.22%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Qian Qiang $1,300,000 --
Achilleos-Ioannou Demetra $918,000 --
Liu Jessie Jingzhi $515,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Qian Qiang $975,000
Previous Owner Achilleos-Ioannou Demetra $814,788
Previous Owner Liu Jessie Jingzhi $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2024 12/09/24 Off Market $918,000 -- --
02/12/2016 02/12/16 Sold $918,000 -7.2% --
11/04/2015 11/04/15 Pending -- -- --
08/13/2015 08/13/15 For Sale $988,888 -- --
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
2025 $8,004 $42,200 $5,476 $36,724
2024 $8,004 $39,850 $4,858 $34,992
2023 $7,736 $38,518 $5,183 $33,335
2022 $7,550 $61,980 $9,180 $52,800
2021 $7,845 $66,300 $9,180 $57,120
2020 $7,444 $63,120 $9,180 $53,940
2019 $6,947 $56,700 $9,180 $47,520
2018 $6,543 $32,098 $6,139 $25,959
2017 $6,425 $31,518 $5,720 $25,798
2016 $6,210 $31,518 $5,720 $25,798
2015 $3,586 $29,306 $7,148 $22,158
2014 $3,586 $27,674 $8,097 $19,577
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jay Modi

    RE/MAX

    (646) 732-0513

    56 Total Sales

    Jay Modi
    Section Image
  • Neal & Jay Modi

    Seller Co-Listing Agent in 2016

    Neal & Jay Modi

    RE/MAX

    (800) 222-6325

    57 Total Sales

    Neal & Jay Modi
    Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: L2788563

OneKey® MLS

APN: 00231-0013

New York Queens County Long Island City 11101 Long Island City

48-45 38th St, Long Island City, NY

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

OneKey® MLS The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Copyright 2025 OneKey® MLS. All rights reserved.

Nearby Homes