5114 7th Ave Brooklyn, NY 11220
Sunset Park Neighborhood
--
Bed
--
Bath
3,600
Sq Ft
1,612
Sq Ft Lot
About This Home
This home is located at 5114 7th Ave, Brooklyn, NY 11220. 5114 7th Ave is a home located in Kings County with nearby schools including P.S. 94 The Henry Longfellow School, IS 220 John J. Pershing, and Leep Dual Language Academy Charter School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 26, 2023
Sold by
Li Wen Jin
Bought by
Huimin Li As Trustee and Jung Chieh Li As Trustee
Purchase Details
Closed on
Oct 25, 2001
Sold by
Li Wen Jin and Lin Shu Juan
Bought by
Li Wen Jin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.64%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 20, 1999
Sold by
Mallozzi Lisa and Mallozzi Pat A
Bought by
Li Wen Jin and Lin Shu Juan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
7.81%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Huimin Li As Trustee | -- | -- | |
| Huimin Li As Trustee | -- | -- | |
| Li Wen Jin | -- | -- | |
| Li Wen Jin | -- | -- | |
| Li Wen Jin | $285,000 | First American Title Ins Co | |
| Li Wen Jin | $285,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Huimin Li As Trustee | $151,841 | |
| Previous Owner | Li Wen Jin | $200,000 | |
| Previous Owner | Li Wen Jin | $240,000 | |
| Previous Owner | Li Wen Jin | $185,000 |
Source: Public Records
Tax History Compared to Growth
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 | $12,284 | $331,650 | $133,200 | $198,450 |
| 2024 | $12,284 | $276,480 | $133,200 | $143,280 |
| 2023 | $12,053 | $230,400 | $133,200 | $97,200 |
| 2022 | $11,646 | $288,000 | $133,200 | $154,800 |
| 2021 | $10,813 | $314,100 | $133,200 | $180,900 |
| 2020 | $8,096 | $342,450 | $133,200 | $209,250 |
| 2019 | $9,533 | $346,050 | $133,200 | $212,850 |
| 2018 | $9,614 | $75,584 | $27,184 | $48,400 |
| 2017 | $9,313 | $73,222 | $27,894 | $45,328 |
| 2016 | $8,741 | $67,802 | $28,508 | $39,294 |
| 2015 | $5,675 | $62,783 | $28,634 | $34,149 |
| 2014 | $5,675 | $58,142 | $31,811 | $26,331 |
Source: Public Records
Map
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