NOT LISTED FOR SALE

510 E 16th St Brooklyn, NY 11226

Ditmas Park Neighborhood

Estimated Value: $1,593,088 - $2,208,000

5 Beds
2 Baths
2,592 Sq Ft
$747/Sq Ft Est. Value

Last Sold September 22, 2021

Last sale price $1,345,000 $519 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $11,293/month

Highlights

  • Wood Flooring
  • 3-minute walk to Newkirk Avenue (B,Q Line)
  • Bungalow
  • Ditmas Junior High school Rated A-
  • Fireplace
  • Garden

About This Home

As of September 2021

This fully detached bungalow style home located in the LANDMARK area of Ditmas Park has beautiful original detail such as original woodwork, stained glass & parquet floors. There are 4 bedrooms on the 2nd floor & another room (former maid’s room) on the 1st floor that is perfect space for an office. There’s a nearly new 3/4 bath on the 1st floor & a full bath on the 2nd. A full basement with high ceilings (not a cellar) can be easily finished, as can the full attic. The eat in kitchen affords the opportunity for a great renovation. This is a very special home in a great neighborhood, owned by the same family for the past 65 years & looking for that special buyer. Qualified purchasers only please. Here’s a link to Ditmas Park’s colorful history: https://en.wikipedia.org/wiki/Ditmas_Park,_Brooklyn.

Last Agent to Sell the Property

Julie Thum

Listed on: 06/08/2021

Last Buyer's Agent

Julie R. Thum

RE/MAX Elite License #30TH0698786

RE/MAX Elite

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,500

Year Built

  • Built in 1905

Lot Details

  • 3,900 Sq Ft Lot
  • Lot Dimensions are 75 x 52
  • Garden
  • Back and Front Yard
  • Property is zoned R1-2

Home Design

  • Bungalow
  • Wood Frame Construction
  • Shingle Roof
  • Siding

Interior Spaces

  • 2,592 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Parquet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Shared Driveway

Utilities

  • Heating System Uses Steam
  • Heating System Uses Oil
  • 220 Volts
  • Oil Water Heater

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Tax Block 5201

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,500

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Total Bathrooms: 2.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Beds Total Level1: 1
  • Beds Total Level2: 4
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1056
  • Building Length: 33.00
  • Building Width: 32.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Ditmas Avenue
  • Cross Street Name2: Newkirk Avenue
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 1
  • Parking Attributes: 1 Space
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Single Family
  • Prop. Type: Residential
  • Residential Features: Dishwasher, Dryer, Fireplace, Laundry Area, Patio Garden, Refrigerator, Stove, Washer
  • Rooms Total Level1: 4
  • Rooms Total Level2: 4
  • Fill Sq Ft Total: 2592
  • Building Stories: 2
  • Street Name I D X: 16th
  • Street Number I D X: 510
  • Building Style: Bungalow
  • Waterfront Present: No
  • Year Built: 1905
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Hardwood, Parquet, Tile
  • Lot Sq Ft: 3900
  • Room Count: 10
  • Total Rooms: 8

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Detached
  • Construction Type: Wood Frame
  • Exterior: Siding
  • Foundation Details: Other
  • Lot Number: 11
  • Roof: Shingle

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V, Circuit Breakers
  • Heating Fuel: Oil
  • Hot Water: Oil

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 75
  • Lot Size Width: 52
  • Zoning: R1-2

Tax Info

  • Flip Tax Amount: 7500.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2021
Closed on
Sep 22, 2021
Sold by
The Frances Savage Family Trust
Bought by
Heemskerk Benjamin and Weakley Mauri D
Seller's Agent
Julie Thum
Buyer's Agent
Julie R. Thum
RE/MAX Elite
Sold Price
$1,345,000
Current Estimated Value
$1,937,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$592,272
Avg. Annual Appreciation
9.70%
Original Mortgage
$1,209,155
Outstanding Balance
$1,105,027
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$832,245

Purchase Details

Closed on
Aug 20, 2015
Sold by
Savage Frances J
Bought by
Thomas Savage Trustee

Purchase Details

Closed on
Sep 14, 2011
Sold by
Savage Charles C
Bought by
Savage Frances J
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
Heemskerk Benjamin $1,345,000 --
Thomas Savage Trustee -- --
Savage Frances J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heemskerk Benjamin $1,209,155
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2021 09/22/21 Sold $1,345,000 -- $519 / Sq Ft
06/08/2021 06/08/21 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 $8,849 $120,402 $25,842 $94,560
2024 $8,849 $141,642 $25,842 $115,800
2023 $8,442 $147,540 $26,940 $120,600
2022 $7,828 $128,340 $26,940 $101,400
2021 $7,261 $123,240 $26,940 $96,300
2020 $7,286 $134,040 $26,940 $107,100
2019 $6,538 $134,040 $26,940 $107,100
2018 $6,132 $34,638 $10,079 $24,559
2017 $6,098 $32,678 $7,974 $24,704
2016 $4,211 $32,678 $9,417 $23,261
2015 $892 $32,431 $14,248 $18,183
2014 $892 $30,596 $13,270 $17,326
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Julie Thum

    (718) 690-3900

    1 in this area

    28 Total Sales

    Julie Thum
    Section Image
  • Julie R. Thum

    Buyer's Agent in 2021

    Julie R. Thum

    RE/MAX

    (917) 757-3291

    1 in this area

    27 Total Sales

    Julie R. Thum
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 451824

Brooklyn Board of REALTORS®

APN: 05201-0011

New York Kings County Brooklyn 11226 Ditmas Park

510 E 16th St, Brooklyn, NY

This home is located at 510 E 16th St, Brooklyn, NY 11226 since 08 June 2021 and is currently estimated at $1,937,272, approximately $747 per square foot. This property was built in 1905. 510 E 16th St is a home located in Kings County with nearby schools including Ps 217 Colonel David Marcus School, Ditmas Junior High school, and Brooklyn Dreams Charter 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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