NOT LISTED FOR SALE

525 Myrtle Ave Unit 302 Brooklyn, NY 11205

Clinton Hill Neighborhood

Estimated Value: $765,000 - $978,000

1 Bed
1 Bath
-- Sq Ft
$342/mo HOA Fee

Last Sold September 06, 2023

Last sale price $750,000

Est. 11% increase in value since last sale

Current estimated payment $4,710/month

Highlights

  • Balcony
  • Central Air
  • Courtyard
  • Entrance Foyer
  • Laundry Facilities
  • 3-minute walk to Pratt Playground

About This Home

As of September 2023

Introducing the 525 Myrtle Ave Condo, a contemporary boutique condominium building ideally located in the heart of Clinton Hill.

Unit 302 offers a thoughtfully designed layout with a southern exposure, featuring a well-appointed 1 bedroom. The open chef's kitchen seamlessly connects to a spacious living room, which leads to a generously sized balcony that comfortably accommodates a table and chairsan ideal setting for enjoying your morning coffee.

Throughout the unit, you'll find solid wood floors, providing a stylish and durable foundation. Ample storage options include a walk-in closet in the master bedroom, a large in-unit laundry/storage closet, and plenty of kitchen cabinet space. Additionally, a private storage unit measuring 4.5ft by 9.5ft comes with the unit in the building's cellar.

Convenience is at your doorstep, as the building is just minutes walk to the Classon stop on the G train, with Pratt Institute and multiple grocery stores located across the street. Myrtle Ave offers a delightful array of gourmet restaurants, coffee shops, and boutique retailers.

The building boasts an impressive range of amenities:
- Fitness center equipped with a Peloton bike
- A recreational lounge featuring a Smart TV
- A private furnished courtyard enhanced by beautiful landscaping and a BBQ grill
- An individual storage rooms
- Bicycle parking
- Virtual doorman and electronic access key fob system
- Tax abatement

Last Agent to Sell the Property

Henry Yang

Modern Spaces License #10401230775 Listed on: 05/24/2023

Modern Spaces

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $696

Year Built

  • Built in 2017

HOA Fees

  • $342 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Entrance Foyer
  • Balcony
  • South Facing Home

Listing and Financial Details

  • Legal Lot and Block 58 / 1893

Community Details

Overview

  • Clinton Hill Subdivision
  • 7-Story Property

Amenities

  • Courtyard
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$696

Year Built

Built in 2017

Lot Details

0

HOA Fees

$342 per month

Listing Details

  • Cross Street: Grand Avenue/Steuben Street
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Clinton Hill
  • Entry Level: 3
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Building Courtyard, Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Electric
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 342.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 7
  • Year Built: 2017

Tax Info

  • Tax Block: 1893
  • Tax Lot: 58
  • Tax Annual: 696.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2023
Closed on
Sep 6, 2023
Sold by
Chao Daniel
Bought by
Boerema Hailey
Seller's Agent
Henry Yang
Modern Spaces
List Price
$759,000
Sold Price
$750,000
Premium/Discount to List
-$9,000
-1.19%
Views
70
Current Estimated Value
$832,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,224
Avg. Annual Appreciation
4.47%
Original Mortgage
$331,394
Outstanding Balance
$324,051
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$508,173

Purchase Details

Closed on
Dec 5, 2017
Sold by
525 Myrtle Avenue Condos Realty Llc
Bought by
Chao Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
3.94%
Mortgage Type
New Conventional
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
Boerema Hailey $750,000 --
Chao Daniel $605,859 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boerema Hailey $331,394
Previous Owner Chao Daniel $476,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2023 09/06/23 Sold $750,000 -1.2% --
06/06/2023 06/06/23 For Sale $759,000 0.0% --
06/06/2023 06/06/23 Off Market $759,000 -- --
05/26/2023 05/26/23 For Sale $759,000 +29092.3% --
05/24/2023 05/24/23 Pending -- -- --
05/05/2021 05/05/21 For Rent $2,600 -- --
05/05/2021 05/05/21 Rented -- -- --
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 $717 $56,736 $8,910 $47,826
2024 $717 $54,529 $8,910 $45,619
2023 $703 $52,547 $8,910 $43,637
2022 $701 $52,292 $8,910 $43,382
2021 $703 $48,764 $8,910 $39,854
2020 $715 $48,173 $8,910 $39,263
2019 $723 $46,031 $8,910 $37,121
2018 $5,440 $44,420 $8,910 $35,510
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10892190

Real Estate Board of New York (REBNY)

APN: 01893-1309