NOT LISTED FOR SALE

494 New Lots Ave Brooklyn, NY 11207

East New York Neighborhood

Estimated Value: $471,809

-- Bed
-- Bath
3,780 Sq Ft
$125/Sq Ft Est. Value

About This Home

This home is located at 494 New Lots Ave, Brooklyn, NY 11207 and is currently estimated at $471,809, approximately $124 per square foot. 494 New Lots Ave is a home located in Kings County with nearby schools including P.S. 213 New Lots, Van Siclen Community Middle School, and Achievement First - East New York School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 20, 2012
Sold by
Ohio Group Holdings Inc
Bought by
494 New World Llc
Current Estimated Value
$471,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
May 14, 2008
Sold by
Molina Felix A and Molina Jose F
Bought by
Ohio Group Holdings Inc

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
6.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 24, 1998
Sold by
Molina Jose F
Bought by
Molina Jose and Molina Felix A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.03%
Mortgage Type
Commercial
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.

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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.

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First American

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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.

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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
494 New World Llc $250,000 --
494 New World Llc $250,000 --
Ohio Group Holdings Inc $540,000 --
Ohio Group Holdings Inc $540,000 --
Molina Jose -- Commonwealth Land Title Ins
Molina Jose -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 494 New World Llc $676,798
Closed 494 New World Llc $300,000
Closed 494 New World Llc $100,000
Closed 494 New World Llc $200,000
Previous Owner Ohio Group Holdings Inc $360,000
Previous Owner Molina Jose $65,000
Source: Public Records

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 $5,946 $201,600 $14,850 $186,750
2024 $5,946 $185,850 $14,850 $171,000
2023 $5,403 $172,350 $14,850 $157,500
2022 $4,990 $176,850 $14,850 $162,000
2021 $5,003 $156,645 $14,850 $141,795
2020 $2,381 $126,900 $14,850 $112,050
2019 $4,614 $126,900 $14,850 $112,050
2018 $4,309 $33,879 $4,757 $29,122
2017 $3,990 $31,372 $5,075 $26,297
2016 $4,044 $31,372 $5,596 $25,776
2015 $2,431 $30,370 $6,343 $24,027
2014 $2,431 $28,142 $7,035 $21,107
Source: Public Records

Map

New York Kings County Brooklyn 11207 East New York

494 New Lots Ave, Brooklyn, NY

This home is located at 494 New Lots Ave, Brooklyn, NY 11207 and is currently estimated at $471,809, approximately $124 per square foot. 494 New Lots Ave is a home located in Kings County with nearby schools including P.S. 213 New Lots, Van Siclen Community Middle School, and Achievement First - East New York School.

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.

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