NOT LISTED FOR SALE

491 Monroe St Unit 1B Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $822,000 - $881,000

1 Bed
1.5 Baths
1,040 Sq Ft
$500/mo HOA Fee

Last Sold August 02, 2022

Last sale price $685,000 $659 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,840/month

128 Days on Market

Highlights

  • Built in 2018 | Newly Remodeled
  • Garden
  • South Facing Home

About This Home

As of August 2022

Welcome to 491 Monroe Street located in prime Stuyvesant Heights on a brownstone tree lined block. This gorgeous 1 bedroom 1 and a half bathroom north facing duplex condo is fitted with warm red oak floors in a striking herringbone pattern and sunshine pours in from your over-sized Pella casement windows. For sale from the original owner and never rented the kitchen is designed with the modern chef in mind with walnut cabinetry, white quartz counters all paired with Bertazzoni and Bosch appliances. The bath is designed to create spa-like comforts with a deep soaking tub and rain shower waterfall heads. The unit also comes with a washer/dryer closet, individual room AC and heating systems and Sonos Sound throughout. There is a beautiful private garden and patio to grill and garden. This home is situated in one of the most hottest neighborhoods in New York with wonderful restaurants. All major transportation is in close proximity including subway lines abound with the A,C, G, J, M and Z trains.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,536

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • South Facing Home
  • Garden

HOA Fees

  • $500 Monthly HOA Fees

Interior Spaces

  • 1,040 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

  • 6 Units
  • Bedford Stuyvesant Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,536

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 1040.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Exterior Features: Garden

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 500.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Units: 6
  • Total Stories: 4
  • Year Built: 2018

Tax Info

  • Tax Block: NA
  • Tax Annual: 7536.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2021
Closed on
Aug 2, 2022
Sold by
Mullen John William and Mullen Sarah Rose
Bought by
Cartus Financial Corporation
List Price
$759,000
Sold Price
$685,000
Premium/Discount to List
-$74,000
-9.75%
Current Estimated Value
$849,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,204
Avg. Annual Appreciation
6.37%
Original Mortgage
$615,000
Outstanding Balance
$585,327
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$263,877

Purchase Details

Listed on
Feb 25, 2020
Closed on
Jun 18, 2020
Sold by
491 Group Llc
Bought by
Mullen John William and Mullen Sarah Rose
Seller's Agent
MARK MARTOV
Corcoran Group
List Price
$699,000
Sold Price
$630,000
Premium/Discount to List
-$69,000
-9.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%
Original Mortgage
$567,000
Interest Rate
3.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cartus Financial Corporation $708,000 --
Vance Katie Elcena $685,000 --
Cartus Financial Corporation $708,000 --
Vance Katie Elcena $685,000 --
Cartus Financial Corporation $708,000 --
Mullen John William $641,497 --
Mullen John William $641,497 --
Mullen John William $641,497 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cartus Financial Corporation $615,000
Closed Vance Katie Elcena $615,000
Previous Owner Mullen John William $567,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/09/2022 10/09/22 Off Market $685,000 -- --
08/02/2022 08/02/22 Sold $685,000 -9.7% $659 / Sq Ft
01/18/2022 01/18/22 For Sale $759,000 +20.5% $730 / Sq Ft
06/22/2020 06/22/20 Sold $630,000 -9.9% $606 / Sq Ft View Prior Sale
05/23/2020 05/23/20 Pending -- -- --
02/25/2020 02/25/20 For Sale $699,000 -- $672 / 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 $11,162 $130,207 $25,533 $104,674
2024 $11,162 $108,537 $25,533 $83,004
2023 $8,386 $90,448 $25,533 $64,915
2022 $9,387 $88,846 $25,533 $63,313
2021 $8,714 $71,039 $25,533 $45,506
Source: Public Records

Agents Affiliated with this Home

  • MARK MARTOV

    Seller's Agent in 2020

    MARK MARTOV

    Corcoran Group

    (212) 355-3550

    24 in this area

    73 Total Sales

    MARK MARTOV
    Section Image

  • M

    Seller Co-Listing Agent in 2020

    Michelle Moshe

    Corcoran Group

    (718) 852-9050

    1 in this area

    2 Total Sales

    Michelle Moshe
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10786949

Real Estate Board of New York (REBNY)

APN: 01634-1302

New York Kings County Brooklyn 11221 Bed-Stuy

491 Monroe St Unit 1B, Brooklyn, NY

Not Listed for Sale

Condos

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