NOT LISTED FOR SALE

497 Pacific St Unit 2C Brooklyn, NY 11217

Boerum Hill Neighborhood

Estimated Value: $1,071,000 - $1,306,000

1 Bed
1 Bath
901 Sq Ft
$1,321/Sq Ft Est. Value

Last Sold June 11, 2019

Last sale price $975,000 $1,082 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $7,976/month

About This Home

As of June 2019

True Condo Loft in Coveted Boerum Hill ? with Low Monthlies!

A high-ceilinged open loft space in the heart of brownstone Brooklyn? Who knew? This former sail and flag factory has been transformed into an intimate 11-unit residence with 10-ft ceilings, original wood floors, and huge bank of recently installed soundproof, tilt and turn windows that bathe the space in light all day long. The flexible space (a 2nd-floor walk-up) can be left wide-open or easily converted into a true one-bedroom, with plenty of room remaining for living, dining, and entertaining. Recently renovated kitchen includes custom cabinets from the German Kitchen Center and quartz countertops. Updated bathroom designed and outfitted by Kohler Experience Center. Closets galore enclose a washer/dryer and offer plentiful storage, plus you get a generous, private separate storage space on the same floor. Live at the epicenter of several coveted Brooklyn neighborhoods, with access to classic tree-lined brownstone blocks and the evolving attractions of Downtown Brooklyn. The culture of BAM, the quaint shops of Atlantic Avenue, the culinary attractions of markets (Trader Joe?s, Sahadi?s, Whole Foods360) and cozy eateries (Grand Army Bar, French Louie, Rucola, Building on Bond, Rice & Miso) are all minutes from your front door. And so is the Atlantic Avenue/Barclays Center/LIRR transportation hub, making commuting really easy! A shared on-call freight elevator eases heavy loads. And low, low common charges make this a dream condo purchase.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2021
Sold by
Folkerth John C and Geary Nora
Bought by
Folkerth Geary Rev Trust Ua 3 Oct 2021 and Folkerth John C Ttee
Current Estimated Value
$1,248,848

Purchase Details

Listed on
Feb 17, 2019
Closed on
Jun 3, 2019
Sold by
Follett Edwin G and Foo Sharon
Bought by
Folkerth John and Geary Nora
Seller's Agent
Carolina Chia
Compass
List Price
$975,000
Sold Price
$975,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%
Original Mortgage
$530,777
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2010
Sold by
Harrison Eugenie R and Roussel Eugenie
Bought by
Follett Edwin G and Foo Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,600
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2010
Sold by
Louis R Roussel As Trustee and Roussel Family Trust
Bought by
Harrison Eugenie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,600
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 2006
Sold by
Roussel Sydney T
Bought by
Roussel Family Trust and Roussel As Trustee Louis R
Source: Public Records

Range of Values:

Collateral Analytics

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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
Folkerth Geary Rev Trust Ua 3 Oct 2021 -- --
Folkerth Geary Rev Trust Ua 3 Oct 2021 -- --
Folkerth John $995,000 --
Folkerth John $995,000 --
Follett Edwin G $495,750 --
Follett Edwin G $495,750 --
Harrison Eugenie R -- --
Harrison Eugenie R -- --
Roussel Family Trust -- --
Roussel Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Folkerth John $530,777
Previous Owner Follett Edwin G $15,683
Previous Owner Follett Edwin G $385,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2019 06/11/19 Sold $975,000 0.0% $1,082 / Sq Ft
03/21/2019 03/21/19 Pending -- -- --
02/22/2019 02/22/19 For Sale $975,000 -- $1,082 / Sq Ft

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 $7,411 $84,294 $2,442 $81,852
2024 $7,411 $70,111 $2,442 $67,669
2023 $5,525 $64,781 $2,442 $62,339
2022 $5,184 $59,037 $543 $58,494
2021 $4,769 $48,129 $543 $47,586
2020 $2,228 $54,346 $543 $53,803
2019 $4,226 $46,698 $543 $46,155
2018 $4,774 $48,570 $543 $48,027
2017 $4,343 $37,906 $542 $37,364
2016 $4,241 $36,441 $543 $35,898
2015 $2,901 $33,456 $543 $32,913
2014 $2,901 $31,286 $543 $30,743
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Carolina Chia

    Compass

    (917) 714-1188

    15 Total Sales

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Map

New York Kings County Brooklyn 11217 Boerum Hill

497 Pacific St Unit 2C, Brooklyn, NY

This home is located at 497 Pacific St Unit 2C, Brooklyn, NY 11217 and is currently estimated at $1,190,612, approximately $1,321 per square foot. 497 Pacific St Unit 2C is a home located in Kings County with nearby schools including P.S. 38 The Pacific 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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