NOT LISTED FOR SALE

497 E 40th St Brooklyn, NY 11203

East Flatbush Neighborhood

Estimated Value: $677,753 - $784,000

3 Beds
2 Baths
1,264 Sq Ft
$586/Sq Ft Est. Value

Last Sold May 17, 2023

Last sale price $650,000 $514 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,525/month

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Laundry Facilities
  • Bungalow
  • Private Driveway
  • Back Yard

About This Home

As of May 2023

This beautiful 1 family brick house is in the heart of East Flatbush! Upon entering you will find a very large living room with 3 oversized windows that allow for plenty of day light to fill the room. Hardwood flooring throughout. To the rear of the house is a custom kitchen with plenty of cabinet space & all new appliances. The kitchen is fully upgraded w/granite countertops and custom backsplash. Rear yard access from the kitchen. There is a custom half bath on the first floor right off the kitchen. The upstairs offers a fully renovated custom bathroom w/ full bath. 3 large well appointed bedrooms. Offers plenty of daylight. Fully finished basement very large and spacious. Home also has 9 ft. ceilings throughout! Fully detached garage. Rare opportunity to own your own home in East Flatbush!

Last Agent to Sell the Property

Anneau Gilbert

Listed on: 09/20/2022

Last Buyer's Agent

Anneau Gilbert

Listed on: 09/20/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,181

Year Built

  • Built in 1920

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back Yard
  • Property is zoned R4

Home Design

  • Bungalow
  • Slab Foundation
  • Shingle Roof
  • Siding

Interior Spaces

  • 1,264 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Finished Basement

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Private Driveway

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Tax Block 4957

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,181

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Total Bathrooms: 2.00
  • Baths Total Level2: 1.00
  • Beds Total Level2: 3
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 576
  • Building Length: 36.00
  • Building Width: 16.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Clarendon Rd
  • Cross Street Name2: Avenue D
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Baseboard
  • Negotiate Thru: Broker
  • Number Of Families: 1
  • Parking Attributes: 1 Space
  • Parking Feature Single: Private Drive
  • Property Sub Type: Single Family
  • Prop. Type: Residential
  • Residential Features: Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
  • Rooms Total Level1: 2
  • Rooms Total Level2: 3
  • Fill Sq Ft Total: 1264
  • Building Stories: 2
  • Street Name I D X: 40th
  • Street Number I D X: 497
  • Building Style: Bungalow
  • Year Built: 1920
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Hardwood
  • Lot Sq Ft: 2000
  • Room Count: 8
  • Total Rooms: 5

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Exterior: Siding
  • Foundation Details: Slab Concrete
  • Lot Number: 79
  • Roof: Shingle

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R4

Tax Info

  • Flip Tax Amount: 5181.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2022
Closed on
May 17, 2023
Sold by
Desalu Anna and Desalu Yomi
Bought by
Gomez Manuela and Rodriguez Paula
Seller's Agent
Anneau Gilbert
Buyer's Agent
Anneau Gilbert
List Price
$710,000
Sold Price
$650,000
Premium/Discount to List
-$60,000
-8.45%
Current Estimated Value
$740,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,938
Avg. Annual Appreciation
4.49%
Original Mortgage
$578,300
Outstanding Balance
$564,163
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$153,090

Purchase Details

Closed on
Sep 29, 2017
Sold by
Motek Homes Llc
Bought by
Desalu Anna and Desalu Yomi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$554,766
Interest Rate
3.82%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 30, 2016
Sold by
24 Newhall Llc
Bought by
Motek Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2016
Sold by
Estate Of Billie D Williams and Ray B Johnson Administrator
Bought by
24 Newhall Llc

Purchase Details

Closed on
Dec 15, 2006
Sold by
Williams Billie D and Williams Ronald
Bought by
Williams Billie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.29%
Source: Public Records

Range of Values:

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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
Gomez Manuela $650,000 --
Desalu Anna $565,000 --
Motek Homes Llc $325,000 --
24 Newhall Llc $234,900 --
Williams Billie D -- --
Williams Billie D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Manuela $578,300
Previous Owner Desalu Anna $19,517
Previous Owner Desalu Anna $20,231
Previous Owner Desalu Anna $554,766
Previous Owner Motek Homes Llc $325,000
Previous Owner Williams Billie D $300,000
Closed Williams Billie D $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2023 05/17/23 Sold $650,000 -3.7% $514 / Sq Ft
02/04/2023 02/04/23 Price Changed $675,000 -1.5% $534 / Sq Ft
12/26/2022 12/26/22 Price Changed $685,000 -1.4% $542 / Sq Ft
12/15/2022 12/15/22 Price Changed $695,000 -0.1% $550 / Sq Ft
11/12/2022 11/12/22 Price Changed $695,999 -0.6% $551 / Sq Ft
10/18/2022 10/18/22 Price Changed $699,999 -0.7% $554 / Sq Ft
10/14/2022 10/14/22 Price Changed $704,999 -0.7% $558 / Sq Ft
09/20/2022 09/20/22 For Sale $710,000 -- $562 / Sq Ft
09/19/2022 09/19/22 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $5,629 $38,340 $12,600 $25,740
2024 $5,629 $40,080 $12,600 $27,480
2023 $5,369 $42,480 $12,600 $29,880
2022 $5,181 $34,860 $12,600 $22,260
2021 $5,152 $34,200 $12,600 $21,600
2020 $2,561 $32,700 $12,600 $20,100
2019 $4,885 $31,680 $12,600 $19,080
2018 $4,491 $22,032 $8,697 $13,335
2017 $4,408 $21,626 $10,839 $10,787
2016 $4,079 $20,402 $11,245 $9,157
2015 $2,241 $20,402 $12,813 $7,589
2014 $2,241 $19,461 $13,067 $6,394
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Anneau Gilbert

    (718) 692-3200

    2 in this area

    11 Total Sales

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 466809

Brooklyn Board of REALTORS®

APN: 04957-0079

New York Kings County Brooklyn 11203 East Flatbush

497 E 40th St, Brooklyn, NY

This home is located at 497 E 40th St, Brooklyn, NY 11203 since 20 September 2022 and is currently estimated at $740,938, approximately $586 per square foot. This property was built in 1920. 497 E 40th St is a home located in Kings County with nearby schools including P.S. 208 Elsa Ebeling, I.S. 285 Meyer Levin, and Great Oaks Elementary 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.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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