NOT LISTED FOR SALE

498 Central Ave Unit 506 Brooklyn, NY 11221

Bushwick Neighborhood

Estimated Value: $1,686,000 - $1,944,000

7 Beds
4 Baths
2,925 Sq Ft
$615/Sq Ft Est. Value

About This Home

This home is located at 498 Central Ave Unit 506, Brooklyn, NY 11221 and is currently estimated at $1,797,839, approximately $614 per square foot. 498 Central Ave Unit 506 is a home located in Kings County with nearby schools including P.S. 106 Edward Everett Hale, J.H.S. 291 Roland Hayes, and Achievement First North Brooklyn Prep Charter School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2016
Sold by
498 Central Avenue Corp
Bought by
Cen Guochao and Lai Karrie Sin
Current Estimated Value
$1,749,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Outstanding Balance
$759,896
Interest Rate
3.57%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,037,943

Purchase Details

Closed on
Feb 19, 2015
Sold by
Mercado Frances and Terra Veronica
Bought by
498 Central Avenue Corp

Purchase Details

Closed on
Oct 29, 2009
Sold by
Galarza David and Mercado Frances
Bought by
Mercado Frances and Terra Veronica

Purchase Details

Closed on
Mar 5, 2007
Sold by
First Stage Inc
Bought by
Galarza David and Mercado Frances V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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
Cen Guochao $1,280,000 --
Cen Guochao $1,280,000 --
498 Central Avenue Corp $610,000 --
498 Central Avenue Corp $610,000 --
Mercado Frances -- --
Mercado Frances -- --
Galarza David $760,000 --
Galarza David $760,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cen Guochao $960,000
Closed Cen Guochao $960,000
Previous Owner Galarza David $555,000
Closed Galarza David $182,300
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 $8,479 $75,000 $11,280 $63,720
2024 $8,479 $88,260 $11,280 $76,980
2023 $8,089 $80,220 $11,280 $68,940
2022 $7,951 $65,820 $11,280 $54,540
2021 $8,146 $68,100 $11,280 $56,820
2020 $3,901 $57,540 $11,280 $46,260
2019 $7,360 $57,540 $11,280 $46,260
2018 $6,766 $33,192 $5,398 $27,794
2017 $6,766 $33,192 $5,799 $27,393
2016 $6,448 $32,256 $7,609 $24,647
2015 $3,850 $31,078 $7,973 $23,105
2014 $3,850 $29,319 $9,026 $20,293
Source: Public Records

Map

New York Kings County Brooklyn 11221 Bushwick

498 Central Ave Unit 506, Brooklyn, NY

Not Listed for Sale

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