NOT LISTED FOR SALE

495 Madison St Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,573,000 - $2,230,000

Studio
4 Baths
-- Sq Ft
2,004 Sq Ft Lot

Last Sold May 16, 2019

Last sale price $1,620,000

Est. 14% increase in value since last sale

Current estimated payment $9,694/month

28 Days on Market

Highlights

  • Pre War Building
  • Community Garden
  • Garden

About This Home

As of May 2019

Welcome home to this three family brownstone on a beautiful tree lined block in Bedford Stuyvesant. There is a one bedroom, one bath apartment over another 1.5 bedroom, one bath unit. All of this above the owner's 3 bedroom, 2.5 bath duplex plus a finished basement with recreational room, storage, game room etc. Stainless steel appliances in the kitchen, exposed brick, walk-in closets, beautiful hardwood floors and large backyard are some of the things you can expect.Short distance to historical houses of worship, restaurants including Saragina and Peaches, grocery, YMCA and shops. Blocks from the A train at Utica Ave.

Last Agent to Sell the Property

Sharon Burroughs-Clarke

Corcoran Group License #30BU0953215 Listed on: 02/13/2019

Corcoran Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1901

Lot Details

  • 2,004

Home Design

  • Pre War Building

Additional Features

  • 4-Story Property
  • Garden

Listing and Financial Details

  • Tax Block 1639

Community Details

Overview

  • 3 Units
  • Bed Stuy Subdivision

Amenities

  • Community Garden

Property Details

Home Type

Multi-Family

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Cross Street: Marcus Garvey
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: BED-STUY
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Exterior Features: Building Garden, Garden

Garage/Parking

  • Garage: No

Building Info

  • Units: 3
  • Total Stories: 4
  • Year Built: 1901

Tax Info

  • Tax Block: 1639

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2019
Closed on
May 16, 2019
Sold by
Clarke Karin K
Bought by
Padma Realty Llc
Seller's Agent
Sharon Burroughs-Clarke
Corcoran Group
List Price
$1,720,000
Sold Price
$1,620,000
Premium/Discount to List
-$100,000
-5.81%
Current Estimated Value
$1,854,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,005
Avg. Annual Appreciation
2.03%
Original Mortgage
$1,215,000
Outstanding Balance
$1,061,597
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$792,408

Purchase Details

Closed on
Mar 17, 2000
Sold by
Gayle Leninston and Baxter Faithlyn
Bought by
Clarke Karin K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,220
Interest Rate
8.21%
Mortgage Type
FHA
Source: Public Records
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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
Padma Realty Llc $1,620,000 --
Padma Realty Llc $1,620,000 --
Clarke Karin K $340,000 --
Clarke Karin K $340,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Padma Realty Llc $1,215,000
Closed Padma Realty Llc $1,215,000
Previous Owner Clarke Karin K $337,220
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2019 05/16/19 Sold $1,620,000 -5.8% --
03/19/2019 03/19/19 Pending -- -- --
02/18/2019 02/18/19 For Sale $1,720,000 -- --
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 $1,143 $94,440 $23,700 $70,740
2024 $1,143 $111,120 $23,700 $87,420
2023 $1,091 $113,280 $23,700 $89,580
2022 $1,073 $98,160 $23,700 $74,460
2021 $822 $102,600 $23,700 $78,900
2019 $700 $88,680 $23,700 $64,980
2018 $615 $4,478 $1,167 $3,311
2017 $613 $4,478 $1,414 $3,064
2016 $575 $4,428 $1,727 $2,701
2015 $290 $4,178 $2,445 $1,733
2014 $290 $3,954 $2,777 $1,177
Source: Public Records

Agents Affiliated with this Home

  • Sharon Burroughs-Clarke

    Seller's Agent in 2019

    Sharon Burroughs-Clarke

    Corcoran Group

    (917) 940-2118

    2 in this area

    7 Total Sales

    Sharon Burroughs-Clarke
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10524801

Real Estate Board of New York (REBNY)

APN: 01639-0068

New York Kings County Brooklyn 11221 Bed-Stuy

495 Madison St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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