NOT LISTED FOR SALE

497 Chestnut St Brooklyn, NY 11208

East New York Neighborhood

Estimated Value: $720,433 - $824,000

4 Beds
2 Baths
1,872 Sq Ft
$420/Sq Ft Est. Value

Last Sold December 05, 2022

Last sale price $580,000 $310 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,520/month

66 Days on Market

Highlights

  • Colonial Architecture
  • 2-minute walk to Euclid Avenue
  • Main Floor Primary Bedroom
  • Property is near public transit
  • Wood Flooring
  • Eat-In Kitchen

About This Home

As of December 2022

2 Family home, 2 Bedroom over 2 Bedrooms, with full finished basement. Cash deals only.1 Boiler - replaced 7 years ago. Gas Heat. Access to rear yard from 1st floor apartment or basement., Additional information: Interior Features:Lr/Dr,Separate Hotwater Heater:yes

Last Agent to Sell the Property

Dean Graber

Keller Williams Rlty Landmark License #10401228160 Listed on: 05/31/2022

Keller Williams Rlty Landmark

Co-Listed By

Evantz Saint-Gerard

Keller Williams Rlty Landmark License #10401244221

Last Buyer's Agent

NURUL HUDA

Omni Realty Corp License #10301205475

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,574

Year Built

  • Built in 1899

Lot Details

  • 1,580 Sq Ft Lot
  • Lot Dimensions are 20x79

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Colonial Architecture
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,872 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Location

  • Property is near public transit

Schools

  • Ps 159 Isaac Pitkin Elementary School
  • Liberty Avenue Middle School
  • Multicultural High School

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 8 / 4231
  • Assessor Parcel Number 04231-0008

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,574

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Duplex
  • Levels: Two
  • Year Built: 1899
  • Co List Office Mls Id: KEYKEWL01
  • Co List Office Phone: 718-475-2700
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Gas Water Heater
  • Interior Amenities: Eat-in Kitchen, Master Downstairs
  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 4
  • Fireplace: No
  • Living Area: 1872
  • Basement YN: No

Exterior Features

  • Construction Materials: Frame, Vinyl Siding
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: None
  • Heating: Natural Gas, Steam
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Park
  • Senior Community: No
  • Association: No

Schools

  • Middle School: Liberty Avenue Middle School

Lot Info

  • Lot Dimensions: 20x79
  • Lot Size Sq Ft: 1580
  • Lot Features: Near Public Transit, Near School, Near Shops
  • Parcel Number: 04231-0008
  • Property Attached: Yes
  • Additional Parcels: No
  • Zoning: R5

Rental Info

  • Lease Considered: No
  • Tenant Pays: Electricity, Gas

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 2574.44
  • Tax Block: 4231
  • Tax Lot: 8

MLS Schools

  • Elementary School: Ps 159 Isaac Pitkin
  • High School: Multicultural High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Dec 5, 2022
Sold by
Carr Jessie and Grant Tyrone
Bought by
Joy Bi Joy Development Corp
Seller's Agent
Dean Graber
Keller Williams Rlty Landmark
Buyer's Agent
NURUL HUDA
Omni Realty Corp
List Price
$709,000
Sold Price
$580,000
Premium/Discount to List
-$129,000
-18.19%
Views
2
Current Estimated Value
$784,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,525
Avg. Annual Appreciation
10.50%
Original Mortgage
$377,000
Outstanding Balance
$366,807
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$393,479
Source: Public Records

Range of Values:

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Average Value
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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
Joy Bi Joy Development Corp $580,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joy Bi Joy Development Corp $377,000
Previous Owner Grant Tyrone $289,800
Previous Owner Grant Tyrone $50,000
Previous Owner Grant Tyrone $200,000
Previous Owner Grant Tyrone $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2022 12/05/22 Sold $580,000 0.0% $310 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
08/01/2022 08/01/22 Off Market $580,000 -- --
08/01/2022 08/01/22 For Sale $709,000 0.0% $379 / Sq Ft
07/30/2022 07/30/22 For Sale $709,000 +22.2% $379 / Sq Ft
07/15/2022 07/15/22 Off Market $580,000 -- --
07/15/2022 07/15/22 For Sale $709,000 +22.2% $379 / Sq Ft
07/01/2022 07/01/22 Off Market $580,000 -- --
05/31/2022 05/31/22 For Sale $709,000 -- $379 / Sq Ft
Source: OneKey® MLS

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 $2,936 $50,340 $7,920 $42,420
2024 $2,936 $47,640 $7,920 $39,720
2023 $2,932 $42,120 $7,920 $34,200
2022 $2,438 $40,500 $7,920 $32,580
2021 $2,418 $42,000 $7,920 $34,080
2020 $1,813 $38,700 $7,920 $30,780
2019 $2,255 $38,700 $7,920 $30,780
2018 $2,155 $12,031 $2,682 $9,349
2017 $2,019 $11,373 $2,887 $8,486
2016 $1,839 $10,747 $2,798 $7,949
2015 $1,074 $10,152 $3,856 $6,296
2014 $1,074 $10,152 $3,346 $6,806
Source: Public Records

Agents Affiliated with this Home

  • Dean Graber

    Seller's Agent in 2022

    Dean Graber

    Keller Williams Rlty Landmark

    (516) 527-9549

    9 in this area

    143 Total Sales

    Section Image
  • Evantz Saint-Gerard

    Seller Co-Listing Agent in 2022

    Evantz Saint-Gerard

    Keller Williams Rlty Landmark

    (917) 975-5985

    9 in this area

    135 Total Sales

    Section Image

  • N

    Buyer's Agent in 2022

    NURUL HUDA

    Omni Realty Corp

    (917) 238-4161

    7 in this area

    15 Total Sales

    Section Image
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Map

Source: OneKey® MLS

MLS Number: L3403796

OneKey® MLS

APN: 04231-0008

New York Kings County Brooklyn 11208 East New York

497 Chestnut St, Brooklyn, NY

This home is located at 497 Chestnut St, Brooklyn, NY 11208 since 31 May 2022 and is currently estimated at $786,608, approximately $420 per square foot. This property was built in 1899. 497 Chestnut St is a home located in Kings County with nearby schools including P.S. 159 Isaac Pitkin, Liberty Avenue Middle School, and Vista Academy.

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