NOT LISTED FOR SALE

51-48 48th St Flushing, NY 11377

Maspeth Neighborhood

Estimated Value: $1,075,270 - $1,232,000

5 Beds
2.5 Baths
-- Sq Ft
1,900 Sq Ft Lot

Last Sold April 01, 2022

Last sale price $999,999

Est. 14% increase in value since last sale

Current estimated payment $6,665/month

89 Days on Market

Highlights

  • Colonial Architecture
  • 2 Car Attached Garage
  • Hot Water Heating System
  • Property is near public transit

About This Home

As of April 2022

Brick attached 2 family home. Hardwood Floors, 2 car garage + 2 parking spaces, close to transportation and highways to Manhattan and Brooklyn.

Last Agent to Sell the Property

Ana Sotomayor

Shane's Anchor Realty Corp License #40SO0948793 Listed on: 10/15/2021

Last Buyer's Agent

Fazle Khan

Dream Cottage Realty Inc License #40KH1148397

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,803

Year Built

  • Built in 1930

Lot Details

  • 1,900 Sq Ft Lot
  • Lot Dimensions are 20x95
  • No Common Walls

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

  • Ps 199 Maurice A Fitzgerald Elementary School
  • Is 125 Thomas J Mccann Woodside Middle School
  • Intntl High School At La Guardia

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Additional Features

  • Basement Fills Entire Space Under The House
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 49 / 2305
  • Assessor Parcel Number 02305-0049

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,803

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Property Condition: excellent
  • Year Built: 1930
  • New Construction: No
  • Attribution Contact: 516-783-4540
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Finished, Full
  • Total Bedrooms: 5
  • Kitchens: 2

Exterior Features

  • Construction Materials: Brick
  • Flood Zone Date: 2021-10-18
  • Flood Zone Report: Yes

Garage/Parking

  • Total Parking Spaces: 2.00
  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Description: Private, Attached, 2 Car Attached

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Hot Water
  • Hot Water: Electric Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 125 Thomas J Mccann Woodside

Lot Info

  • Lot Size Acres: 0.0400
  • Lot Dimensions: 20x95
  • Lot Size Sq Ft: 1900.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 02305-0049
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-04-01
  • Included in Taxes: Sewer
  • Tax Annual Amount: 7803.00
  • Tax Block: 2305
  • Tax Lot: 49
  • Tax Map Number: 02305-0049

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 2

MLS Schools

  • Elementary School: Ps 199 Maurice A Fitzgerald
  • High School: Intntl High School At La Guardia
  • Middle School District: Queens 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2021
Closed on
Apr 1, 2022
Sold by
Sotomayor Marcos and Sotomayor Ricardo
Bought by
Akter Farzana and Murad Md A
Seller's Agent
Ana Sotomayor
Shane's Anchor Realty Corp
Buyer's Agent
Fazle Khan
Dream Cottage Realty Inc
List Price
$1,199,995
Sold Price
$999,999
Premium/Discount to List
-$199,996
-16.67%
Current Estimated Value
$1,141,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,069
Avg. Annual Appreciation
3.75%
Original Mortgage
$800,000
Outstanding Balance
$754,694
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$386,374

Purchase Details

Closed on
Oct 21, 2016
Sold by
Sotomayor Ana Maria and Sotomayor Juan
Bought by
Sotomayor Marcos and Sotomayor Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Akter Farzana $999,000 --
Sotomayor Marcos $800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akter Farzana $800,000
Previous Owner Sotomayor Marcos $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2022 04/01/22 Sold $999,999 -16.7% --
01/12/2022 01/12/22 Pending -- -- --
10/15/2021 10/15/21 For Sale $1,199,995 -- --
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 $7,954 $41,976 $6,294 $35,682
2024 $7,954 $39,601 $6,222 $33,379
2023 $7,504 $37,362 $5,586 $31,776
2022 $7,459 $61,620 $9,060 $52,560
2021 $7,803 $56,820 $9,060 $47,760
2020 $7,404 $58,500 $9,060 $49,440
2019 $6,904 $52,860 $9,060 $43,800
2018 $6,347 $31,135 $6,051 $25,084
2017 $6,347 $31,135 $5,826 $25,309
2016 $6,177 $31,135 $5,826 $25,309
2015 $3,543 $29,150 $7,170 $21,980
2014 $3,543 $27,501 $7,464 $20,037
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Ana Sotomayor

    Shane's Anchor Realty Corp

    1 in this area

    2 Total Sales

    Ana Sotomayor
    Section Image

  • F

    Buyer's Agent in 2022

    Fazle Khan

    Dream Cottage Realty Inc

    (631) 242-6051

    1 in this area

    39 Total Sales

    Fazle Khan
    Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY3353032

OneKey® MLS

APN: 02305-0049

New York Queens County Flushing 11377 Maspeth

51-48 48th St, Flushing, NY

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