NOT LISTED FOR SALE

Estimated Value: $4,054,000 - $6,878,000

7 Beds
3.5 Baths
4,400 Sq Ft
$1,188/Sq Ft Est. Value

Last Sold October 27, 2021

Last sale price $4,475,000 $1,017 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $28,554/month

29 Days on Market

Highlights

  • Pre War Building
  • Terrace
  • Building Terrace
  • P.S. 321 William Penn Rated A
  • Intercom
  • Laundry Facilities

About This Home

As of October 2021

523 3rd Street is the quintessential Park Slope brownstone. Located on a coveted extra-wide street leading directly to a Prospect Park entrance, the street is as bucolic as they come. The 20ft-wide house offers generous proportions, original woodwork, and historic charm. One half block from 7th Ave, Park Slope's best businesses and PS321 are right at your fingertips. The home is configured as a 2-family, with an owner's triplex above and an income-producing, 2-bedroom garden rental below. As you enter, you find the home is full of late-19th century Queen Anne details, starting with the griffins at the top of a stately L-shaped stoop and the gracious foyer with built-in pier mirror and bench. The front parlor offers soaring ceiling heights, oversized windows, a period fireplace, and mahogany woodwork, as well as enough space for two separate living room arrangements. A dining room behind the parlor features another fireplace, a period built-in display case, and French doors to a terrace. The kitchen lies in the home's rear extension on this floor. Upstairs are two floors of bedrooms, baths, and laundry. The second floor can work well as a primary floor, with a massive, front-facing bedroom that has three stately windows, a fireplace, and a walk-in closet. This floor also has split-unit air conditioning. Another large bedroom on this floor is set up as a handsome library with wall-to-wall built-ins. The top floor offers 2 large and 1 small bedroom, a full bath, and a laundry room. The 2 bedroom rental apartment shares the tranquil rear garden and has a current rent of $3,600/month. With Third Street's wide sidewalks and generous stoops, you will meet your neighbors in casual sociability in all seasons. But nothing is so sweet in Brooklyn as summer stoop sitting on this block.

Last Agent to Sell the Property

Maria Ryan

Compass License #10301202966 Listed on: 07/14/2021

Compass

Co-Listed By

Libby Ryan

Compass License #30RY0809475

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1899

Lot Details

  • 1,917

Home Design

  • Pre War Building

Interior Spaces

  • 4,400 Sq Ft Home
  • 4-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 7 Bedrooms

Additional Features

  • Terrace
  • Lot Dimensions are 20.0 x 95.0

Listing and Financial Details

  • Legal Lot and Block 65 / 1078

Community Details

Overview

  • Park Slope Subdivision

Amenities

  • Building Terrace
  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: 7th Avenue/8th Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Park Slope
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 4400.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 7

Exterior Features

  • Patio/Porch Features: Building Terrace, Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area

Lot Info

  • Lot Size Dimensions: 20.0 x 95.0

Building Info

  • Total Stories: 4
  • Year Built: 1899

Tax Info

  • Tax Block: 1078
  • Tax Lot: 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Oct 27, 2021
Sold by
Milius Elena and Milius Robert H
Bought by
Raiten Chelsea Dawn and Raiten Gregory Karl
Seller's Agent
Maria Ryan
Compass
List Price
$4,475,000
Sold Price
$4,475,000
Current Estimated Value
$5,226,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$751,061
Avg. Annual Appreciation
3.78%
Original Mortgage
$4,000,000
Outstanding Balance
$3,644,008
Interest Rate
2.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,582,053

Purchase Details

Closed on
Dec 15, 2003
Sold by
Rosee and Marilyn
Bought by
Milius Robert H and Milus Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 1997
Sold by
Siegal Sandra
Bought by
Siegal Sandra and Rosee Marilyn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Raiten Chelsea Dawn $4,475,000 --
Raiten Chelsea Dawn $4,475,000 --
Raiten Chelsea Dawn $4,475,000 --
Milius Robert H $1,725,000 --
Milius Robert H $1,725,000 --
Siegal Sandra -- The Title Guarantee Company
Siegal Sandra -- The Title Guarantee Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raiten Chelsea Dawn $4,000,000
Closed Raiten Chelsea Dawn $4,000,000
Previous Owner Milius Robert H $466,250
Previous Owner Milius Robert H $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2021 10/27/21 Sold $4,475,000 0.0% $1,017 / Sq Ft
08/13/2021 08/13/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $4,475,000 -- $1,017 / Sq Ft
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 $14,076 $297,900 $51,240 $246,660
2024 $14,076 $284,820 $51,240 $233,580
2023 $14,233 $318,720 $51,240 $267,480
2022 $13,218 $260,880 $51,240 $209,640
2021 $13,799 $231,180 $51,240 $179,940
2020 $6,472 $266,460 $51,240 $215,220
2019 $12,217 $253,200 $51,240 $201,960
2018 $11,905 $58,402 $14,734 $43,668
2017 $11,248 $55,178 $12,417 $42,761
2016 $10,923 $54,642 $12,325 $42,317
2015 $6,278 $51,555 $16,434 $35,121
2014 $6,278 $48,669 $17,442 $31,227
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10731751

Real Estate Board of New York (REBNY)

APN: 01078-0065