NOT LISTED FOR SALE

Estimated Value: $564,000 - $684,000

-- Bed
1 Bath
-- Sq Ft
$643/mo HOA Fee

Last Sold July 01, 2021

Last sale price $535,000

Est. 12% increase in value since last sale

Current estimated payment $4,499/month

54 Days on Market

Highlights

  • Community Garden
  • New Windows
  • North Facing Home
  • Clinton School Rated A
  • Laundry Facilities
  • 2-minute walk to Matthews-Palmer Playground

About This Home

As of July 2021

516 West 47th Street:

-Condo

-24-hour doorman

-Sublet policy: unlimited subleasing allowed. 12-month+ leases only

_________________________________________________________

Make your home in this extra-large studio offering top-notch appliances and fantastic condo amenities in the heart of vibrant Hell's Kitchen/Midtown West.

The spacious and well-appointed kitchen will catch your eye the moment you enter this sunny home. Far better than that found in most studios, this kitchen includes great cabinet space and granite countertops surrounding full-size stainless steel appliances, including a gas range, built-in microwave and dishwasher. There's room for a caf table and chairs here, and the extra-large closet provides plenty of storage space. Ahead, the main living space is paved in bamboo hardwood floors and easily accommodates sitting and sleeping areas. In the sleek bathroom, you'll find lovely tile, a wide vanity mirror and large tub-shower. This unit recently upgraded its air conditioning and heating unit to a digital top-of-the-line brand. An oversized north-facing window ushers lovely light into this beautiful studio, framing quintessential New York views that stretch from the nearby historic buildings to the high-rises of Midtown.

516 West 47th Street is a modern condominium building with 24-hour doorman and concierge service, fitness center, laundry, storage, bike room, a well-appointed atrium lounge, and a stunning outdoor terrace overlooking a 6-hole putting green. Nestled in the perfect Hell's Kitchen/Midtown West neighborhood, this home is surrounded on all sides by fantastic venues for dining, nightlife, entertainment, shopping and open space. The Theater District unfolds right outside your door, amazing Hudson River Park stretches for miles along the waterfront, and dozens of Michelin-starred restaurants fill the nearby blocks. Access to transportation is phenomenal from this convenient neighborhood, with A/C/E, N/R/W and 1 trains all nearby.

Last Agent to Sell the Property

Dylan Hoffman

Compass License #10301208704 Listed on: 04/07/2021

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,068

Year Built

  • Built in 2005

HOA Fees

  • $643 Monthly HOA Fees

Interior Spaces

  • 1 Full Bathroom
  • New Windows

Additional Features

  • North Facing Home
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Legal Lot and Block 7501 / 1075

Community Details

Overview

  • Clinton Subdivision
  • 7-Story Property

Amenities

  • Community Garden
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,068

Year Built

Built in 2005

Lot Details

0

HOA Fees

$643 per month

Listing Details

  • Cross Street: Tenth Avenue/Eleventh Avenue
  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Clinton
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Living Area Units: Square Feet
  • Rooms (Total): 3
  • Window Features: New Windows

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1

Exterior Features

  • Exterior Features: Building Courtyard, Building Garden

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Cooling: Wall Unit(s)

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 643.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 7
  • Year Built: 2005

Tax Info

  • Tax Block: 1075
  • Tax Lot: 7501
  • Tax Annual: 7068.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2021
Closed on
Aug 13, 2021
Sold by
Turcotte Robert D
Bought by
Ou Yangxi and Sun Zhimin
Seller's Agent
Dylan Hoffman
Compass
List Price
$535,000
Sold Price
$535,000
Current Estimated Value
$598,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,958
Avg. Annual Appreciation
2.68%
Original Mortgage
$499,900
Outstanding Balance
$453,879
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$145,079

Purchase Details

Closed on
Jul 27, 2006
Sold by
Clinton Mews Development Group Llc and % Procida Realty & Construction Corp
Bought by
Turcotte Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,810
Interest Rate
6.8%
Source: Public Records

Range of Values:

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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
Ou Yangxi $530,000 --
Turcotte Robert D $444,233 --
Turcotte Robert D $444,233 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ou Yangxi $499,900
Previous Owner Turcotte Robert D $43,810
Previous Owner Turcotte Robert D $350,480
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2021 07/01/21 Sold $535,000 0.0% --
06/01/2021 06/01/21 Pending -- -- --
04/07/2021 04/07/21 For Sale $535,000 0.0% --
05/04/2019 05/04/19 Rented -- -- --
04/04/2019 04/04/19 Under Contract -- -- --
01/19/2018 01/19/18 For Rent $2,450 +6.5% --
07/15/2016 07/15/16 Rented -- -- --
06/15/2016 06/15/16 Under Contract -- -- --
05/16/2016 05/16/16 For Rent -- -- --
07/29/2014 07/29/14 Rented -- -- --
06/29/2014 06/29/14 Under Contract -- -- --
06/13/2014 06/13/14 For Rent $2,300 -- --
Source: Real Estate Board of New York (REBNY)

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 $8,011 $67,272 $5,837 $61,435
2024 $8,011 $64,078 $5,837 $58,241
2023 $7,757 $63,236 $5,837 $57,399
2022 $6,262 $68,795 $5,837 $62,958
2021 $6,932 $56,513 $5,837 $50,676
2020 $7,332 $63,567 $5,837 $57,730
2019 $7,097 $65,095 $5,837 $59,258
2018 $6,618 $59,538 $5,837 $53,701
2017 $6,263 $55,136 $5,837 $49,299
2016 $6,111 $56,449 $5,837 $50,612
2015 $2,790 $47,703 $5,837 $41,866
2014 $2,790 $43,894 $5,837 $38,057
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10709609

Real Estate Board of New York (REBNY)

APN: 1075-1142