NOT LISTED FOR SALE

Estimated Value: $671,000 - $931,000

1 Bed
1 Bath
537 Sq Ft
$434/mo HOA Fee

Last Sold November 13, 2020

Last sale price $599,000 $1,115 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,819/month

342 Days on Market

Highlights

  • Pre War Building
  • 4-minute walk to Park Place (S Line)
  • 3-minute walk to Stroud Playground
  • Intercom

About This Home

As of November 2020

That rare bird -- a one-bedroom, pre-war CONDO on the border between Prospect Heights and Crown Heights, situated between bustling Vanderbilt, Washington, and Franklin Avenues. This professionally decorated home stands out as proudly pre-war in an area full of new developments. It features exposed brick and high ceilings, a lovely living area with modern home office nook, tons of storage, custom closets, renovated open kitchen, large bedroom, vented washer/dryer, and low common charges. For maximum flexibility, the kitchen includes an ingenious rolling breakfast bar/island on locking casters, separate pantry storage, and stainless-steel dishwasher and refrigerator. The windowed bathroom features subway tile and soaking tub. And as an added bonus, each unit also has some storage space in the unfinished basement. Only two flights up, this walk-up is a move-in breeze!

491 Park Place is a professionally managed, pet-friendly, eight-unit condo conveniently across the street from the newly renovated Stroud Playground featuring a running track, fitness equipment, basketball courts and morebut you can be sure that this apartment is pin-drop quiet as it's in the rear of the building facing the garden. Even better, you're close to a plethora of subway linesthe 2/3, 4/5, S, B/Q, and C are all a short walk away. Take advantage of being walking distance to the Grand Army Plaza farmer's market, Prospect Park, Brooklyn Museum, Library and Botanic Garden, and many great restaurants and bars offering outdoor seating these days.

Last Agent to Sell the Property

Michael Rohrer

Compass License #30RO0941274 Listed on: 08/07/2020

Compass

Co-Listed By

Calvin Gladen

Compass License #10301222138

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,380

Year Built

  • Built in 1930

Lot Details

  • 2,614

HOA Fees

  • $434 Monthly HOA Fees

Home Design

  • Pre War Building

Interior Spaces

  • 537 Sq Ft Home
  • 4-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System

Community Details

  • Crown Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 7502 / 1162

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,380

Year Built

Built in 1930

Lot Details

0

HOA Fees

$434 per month

Listing Details

  • Cross Street: Washington Avenue/Classon Avenue
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Crown Heights
  • Architectural Style: Prewar
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Features: Pantry
  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area: 537.0
  • Living Area Units: Square Feet
  • Rooms (Total): 2

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Window Unit(s)

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 434.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

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

Tax Info

  • Tax Block: 1162
  • Tax Lot: 7502
  • Tax Annual: 1380.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2020
Closed on
Nov 5, 2020
Sold by
Stuart Jessica
Bought by
Shoufani Noor
Seller's Agent
Michael Rohrer
Compass
List Price
$599,000
Sold Price
$599,000
Current Estimated Value
$762,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,018
Avg. Annual Appreciation
2.66%
Original Mortgage
$472,000
Outstanding Balance
$422,878
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$255,993

Purchase Details

Closed on
Sep 14, 2006
Sold by
Aro Patricia L and Selden Kristofor` L
Bought by
Stuart Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2006
Sold by
Harris-Wren Theresa and Wren Jones
Bought by
Aro Patricia L and Selden Kristofor L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 29, 2001
Sold by
Citimortgage Inc and Citibank Na
Bought by
Harris-Wren Thersa and Wren Jones

Purchase Details

Closed on
Nov 13, 2000
Sold by
Parnass Ita and Edwards Anthony J
Bought by
Citibank Na
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
Shoufani Noor $590,000 --
Stuart Jessica $310,000 --
Aro Patricia L $200,000 --
Harris-Wren Thersa -- --
Citibank Na -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shoufani Noor $472,000
Previous Owner Stuart Jessica $6,896
Previous Owner Stuart Jessica $248,000
Previous Owner Aro Patricia L $190,000
Previous Owner 2567 Atlantic Avenue Corp $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2020 11/13/20 Sold $599,000 0.0% $1,115 / Sq Ft
09/09/2020 09/09/20 Pending -- -- --
10/03/2019 10/03/19 For Sale $599,000 -- $1,115 / 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 $2,797 $68,725 $3,013 $65,712
2024 $2,797 $85,877 $3,013 $82,864
2023 $2,590 $81,067 $3,013 $78,054
2022 $1,266 $79,677 $3,013 $76,664
2021 $1,567 $65,538 $3,013 $62,525
2020 $320 $63,625 $3,013 $60,612
2019 $1,349 $53,021 $3,013 $50,008
2018 $1,731 $15,937 $816 $15,121
2017 $1,658 $14,757 $891 $13,866
2016 $1,458 $13,666 $910 $12,756
2015 $852 $13,666 $1,085 $12,581
2014 $852 $13,240 $1,165 $12,075
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10585261

Real Estate Board of New York (REBNY)

APN: 01162-1106