NOT LISTED FOR SALE

Estimated Value: $723,000 - $794,000

3 Beds
2 Baths
1,280 Sq Ft
$587/Sq Ft Est. Value

Last Sold September 18, 2024

Last sale price $723,000 $565 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,485/month

20 Days on Market

About This Home

As of September 2024

OFFER ACCEPTED - NO LONGER SHOWING AT THIS TIME

Get set to be charmed by this delightful 3-bedroom semi-detached house nestled in the sought-after Farragut neighborhood of Brooklyn. Located at 500 East 40th Street, this early 1900s gem, brimming with character, charms you right from the first glance. Step into a spacious layout that perfectly combines modern comfort and vintage appeal. Upon entry, the sunroom invites you to discover a space that swiftly transitions from daytime bustle to evening relaxation - an oasis of light and tranquility. Here's where a good book and a cup of tea turn into an afternoon well-spent. Talk about a year-round vacation without leaving the comfort of your home! The well-lit living room exudes warmth and comfort that begs for quiet reading sessions or lively gatherings, flowing into the spacious formal dining room. The kitchen, designed for both comfort and function, comes packed with plenty of cabinet space. What's more? It's the perfect backdrop for your culinary experiments. Head into the private backyard with covered patio, lush landscaping, and a calming koi pond.

Venture further upstairs to find three generously sized bedrooms, each donning large windows that promise floods of natural light. The full bathroom has been tastefully updated to ensure a calming retreat at the end, or beginning, of your day. Environmentally conscious? You'll appreciate the home's recently installed solar panels perched on the roof. Make the most out of green living in the heart of the city! The finished basement is a blank slate, currently set-up as a recording studio, but can easily be an additional space for your next hobby. And, the convenience of a washer/dryer in the basement ensures your laundry days are as fuss-free as they can be. This home seamlessly captures the spirit of community living while also offering all the opportunities of the city.

Its location puts you at the heart of tranquility in Farragut. Several higher education institutions are also within easy reach, such as SUNY Downstate Medical Center, Brooklyn College, and Medgar Evers College. This house is ideally located for nature enthusiasts, with parks and recreational grounds only a short distance from your front door. For the daily commuter, public transportation is easily accessible at the Beverly Road or Newkirk Avenue 2/5, making everyday travel effortless. Don't miss out on making this delightful home your own.

Last Agent to Sell the Property

Alex Inskeep

Corcoran Group License #10401366578 Listed on: 07/31/2024

Corcoran Group

Co-Listed By

Sam Teichman

Corcoran Group License #10401343993

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,608

Year Built

  • Built in 1910

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100.00x20.00

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,280 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling

Community Details

  • Farragut Subdivision

Listing and Financial Details

  • Legal Lot and Block 0013 / 04956

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,608

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Farragut
  • Entry Level: 1
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Features: Smoke Free
  • Fireplace: No
  • Living Area: 1280.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Exterior Features

  • View: Other
  • View: No
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: In Unit
  • Green Building Features: Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2000.0
  • Lot Size Dimensions: 100.00x20.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 1
  • Total Stories: 1
  • Year Built: 1910

Tax Info

  • Tax Block: 04956
  • Tax Lot: 0013
  • Tax Annual: 4608.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2024
Closed on
Sep 18, 2024
Sold by
Maher Meaghan Marie and Ondracek Seth
Bought by
Lai-Tremewan Yi-Wen and Levine Isabelle
Seller's Agent
Alex Inskeep
Corcoran Group
List Price
$699,000
Sold Price
$723,000
Premium/Discount to List
$24,000
3.43%
Views
193
Current Estimated Value
$750,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,873
Avg. Annual Appreciation
2.84%
Original Mortgage
$375,000
Outstanding Balance
$370,074
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$380,799

Purchase Details

Listed on
Apr 5, 2021
Closed on
Jul 8, 2021
Sold by
Saleem Al Uqdah and Saleem Clive Stephen
Bought by
Maher Meaghan Marie and Ondracek Seth
Seller's Agent
Christopher Howard
Compass
List Price
$665,000
Sold Price
$665,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.65%
Original Mortgage
$475,000
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lai-Tremewan Yi-Wen $723,000 --
Lai-Tremewan Yi-Wen $723,000 --
Maher Meaghan Marie $665,000 --
Maher Meaghan Marie $665,000 --
Maher Meaghan Marie $665,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lai-Tremewan Yi-Wen $375,000
Closed Lai-Tremewan Yi-Wen $375,000
Previous Owner Maher Meaghan Marie $475,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/18/2024 09/18/24 Sold $723,000 +3.4% $565 / Sq Ft
07/10/2024 07/10/24 For Sale $699,000 +5.1% $546 / Sq Ft
04/18/2022 04/18/22 Off Market $665,000 -- --
07/08/2021 07/08/21 Sold $665,000 0.0% $520 / Sq Ft View Prior Sale
05/27/2021 05/27/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $665,000 -- $520 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $5,999 $42,900 $12,420 $30,480
2024 $5,999 $40,860 $12,420 $28,440
2023 $4,333 $45,180 $12,420 $32,760
2022 $3,917 $38,700 $12,420 $26,280
2021 $4,982 $37,200 $12,420 $24,780
2019 $4,913 $29,880 $12,420 $17,460
2018 $4,489 $23,480 $11,356 $12,124
2017 $4,216 $22,152 $11,023 $11,129
2016 $3,868 $20,901 $11,238 $9,663
2015 $2,301 $20,901 $12,519 $8,382
2014 $2,301 $20,740 $12,422 $8,318
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10991211

Real Estate Board of New York (REBNY)

APN: 04956-0013