$780,000
SOLD FEB 7, 2025

491 Park Place Unit 1R Brooklyn, NY 11238

Prospect Heights Neighborhood
1 Bed
1.5 Baths
1,044 Sq Ft
$558/mo HOA Fee

Recently Sold

$747 Per Sq Ft

7% Below List Price

135 Days on Market

Highlights

  • Wood Flooring
  • 4-minute walk to Park Place (S Line)
  • No Heating
  • High Ceiling
  • Private Yard
  • 3-minute walk to Stroud Playground

About This Home

As of February 2025

Welcome to this stunning 1-bedroom, 1.5-bathroom condo duplex 491 Park Place on the hip, vibrant Prospect-Crown Heights border.

This fully renovated gem is ready to be your new home! Lovely warm hardwood floors throughout, exposed brick, high ceilings, split AC/heating units on both floors, multiple closet/storage areas, full-sized washer & dryer, full compliment of appliances, not to mention an INCREDIBLE PRIVATE BACKYARD & TAX ABATEMENT make this apartment you've been waiting for!

491 Park Place lives in a picturesque neighborhood that leaves little to be desired; with the weekend Farmers Market at the foot of Prospect Park, The Brooklyn Museum, Botanical Gardens, and shopping & dining along bustling Vanderbilt, Washington, and Franklin Avenues, you would be hard pressed to find a better nabe. And if that's not enough, the  2/3 and B/Q express trains are conveniently located a few blocks away at Grand Army Plaza and Flatbush Avenue for your daily commute.

The first Open House for this special home is Sunday 12noon-1:30pm.  You don't want to miss it.

Last Agent to Sell the Property

Lois Thompson

Compass License #30TH0948695 Listed on: 06/28/2024

Compass

Co-Listed By

Sabelo Narasimhan

Compass License #10401376009

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,820

Year Built

  • Built in 1930

Lot Details

  • Private Yard

HOA Fees

  • $558 Monthly HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,044 Sq Ft Home
  • 4-Story Property
  • High Ceiling
  • Wood Flooring
  • Laundry in unit

Bedrooms and Bathrooms

  • 1 Bedroom

Utilities

  • No Cooling
  • No Heating

Community Details

  • 8 Units
  • Crown Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 1102 / 01162

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,820

Year Built

Built in 1930

Lot Details

0

HOA Fees

$558 per month

Listing Details

  • Exposures: North,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Crown Heights
  • Entry Level: 1
  • Structure Type: Multi Family
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Features: High Ceilings
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 1044.0
  • Living Area Units: Square Feet
  • Rooms (Total): 2

Beds/Baths

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

Exterior Features

  • View: No
  • Exterior Features: Private Yard

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: In Unit, See Remarks
  • Cooling: No
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 558.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 20.000000x131.000000

Building Info

  • New Construction: No
  • Units: 8
  • Total Stories: 4
  • Year Built: 1930

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 01162
  • Tax Lot: 1102
  • Tax Annual: 2820.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2024
Closed on
Feb 7, 2025
Sold by
Dalal Jillian Elizabeth
Bought by
Christina Crowder As Trustee and The Christina Crowder Revocable Trust
Seller's Agent
Lois Thompson
Compass
List Price
$839,000
Sold Price
$780,000
Premium/Discount to List
-$59,000
-7.03%
Views
52
Current Estimated Value
$960,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,413
Avg. Annual Appreciation
33.51%
Original Mortgage
$580,000
Outstanding Balance
$576,567
Interest Rate
6.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$383,846

Purchase Details

Closed on
Mar 28, 2024
Sold by
O'Connor Louise T and O'Connor Patrick L
Bought by
Dalal Jillian E and Dalal O'Connor

Purchase Details

Closed on
Dec 1, 2007
Sold by
O'Connor Louise T and O'Connor Patrick L
Bought by
O'Connor Jillian and O'Connor Louise T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2006
Sold by
Doyle Rebecca E
Bought by
O'Connor Louise T and O'Connor Patrick L

Purchase Details

Closed on
Aug 26, 2002
Sold by
Loneragain Philip R
Bought by
Doyle Rebecca E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.36%
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 $780,000 --
Interfamily Deed Transfer -- --
Deed $265,000 --
Deed $265,000 --
Deed $530,000 --
Deed $530,000 --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $580,000 Purchase Money Mortgage
Previous Owner $265,000 Purchase Money Mortgage
Previous Owner $180,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2025 02/07/25 Sold $780,000 -7.0% $747 / Sq Ft
11/11/2024 11/11/24 Pending -- -- --
11/11/2024 11/11/24 For Sale $839,000 +7.6% $804 / Sq Ft
11/09/2024 11/09/24 Off Market $780,000 -- --
09/05/2024 09/05/24 Price Changed $839,000 -4.6% $804 / Sq Ft
09/05/2024 09/05/24 For Sale $879,000 +12.7% $842 / Sq Ft
08/01/2024 08/01/24 Off Market $780,000 -- --
06/28/2024 06/28/24 For Sale $879,000 -- $842 / 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 $3,127 $76,840 $3,369 $73,471
2024 $3,127 $96,017 $3,369 $92,648
2023 $2,896 $90,640 $3,369 $87,271
2022 $2,618 $89,085 $3,369 $85,716
2021 $2,360 $73,277 $3,369 $69,908
2020 $2,477 $71,139 $3,369 $67,770
2019 $2,408 $59,282 $3,369 $55,913
Source: Public Records

Agents Affiliated with this Home

  • Lois Thompson

    Seller's Agent in 2025

    Lois Thompson

    Compass

    (917) 721-7552

    4 in this area

    13 Total Sales

    Lois Thompson
    Section Image
  • Sabelo Narasimhan

    Seller Co-Listing Agent in 2025

    Sabelo Narasimhan

    Compass

    (917) 539-1068

    1 in this area

    3 Total Sales

    Sabelo Narasimhan
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10976269

Real Estate Board of New York (REBNY)

APN: 01162-1102

New York Kings County Brooklyn 11238 Prospect Heights

491 Park Place Unit 1R, Brooklyn, NY

This home is located at 491 Park Place Unit 1R, Brooklyn, NY 11238 and is currently priced at $780,000, approximately $747 per square foot. This property was built in 1930. 491 Park Place Unit 1R is a home located in Kings County with nearby schools including Elijah Stroud Middle School, Explore Exceed Charter Lower School, and Luria Academy of Brooklyn.

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.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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