538 56th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated Value: $1,527,000 - $1,805,000
            
                --
                Bed
            
            
            
                --
                Bath
            
            
            
                3,012
                Sq Ft
            
            
                
                    $564/Sq Ft
                    Est. Value
                
                
        
    
    
About This Home
This home is located at 538 56th St, Brooklyn, NY 11220 and is currently estimated at $1,699,470, approximately $564 per square foot. 538 56th St is a home located in Kings County with nearby schools including P.S. 503: The School of Discovery, IS 220 John J. Pershing, and Fort Hamilton High School.
Ownership History
                Date
                Name
                Owned For
                Owner Type
            
                    Purchase Details
                Closed on
            
            
                Jan 12, 2016
            
        
                Sold by
            
            
                Chen Rong Fu and Chen Shan Tong
            
        
                Bought by
            
            
                Lin Xiu and Liu Zhi Jie
            
        
                            Current Estimated Value
                        
                        
                    Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
                Original Mortgage
            
            
                $770,000
            
        
                Outstanding Balance
            
            
                $612,598
            
        
                Interest Rate
            
            
                3.97%
            
        
                Mortgage Type
            
            
                Purchase Money Mortgage
            
        
                Estimated Equity
            
            
                $1,086,872
            
        Purchase Details
                Closed on
            
            
                Apr 14, 2008
            
        
                Sold by
            
            
                Mercedes Sorrentino As Trustee and Patricia Santiago As Trustee
            
        
                Bought by
            
            
                Chen Rong Fu and Chen Shan Tong
            
        Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
                Original Mortgage
            
            
                $74,700
            
        
                Interest Rate
            
            
                6.22%
            
        Purchase Details
                Closed on
            
            
                May 10, 2006
            
        
                Sold by
            
            
                Bernabe Delia
            
        
                Bought by
            
            
                Bernabe Delia and Delia Bernabe Living Trust
            
        
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        Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company | 
|---|---|---|---|
| Lin Xiu | $1,250,000 | -- | |
| Lin Xiu | $1,250,000 | -- | |
| Chen Rong Fu | $960,000 | -- | |
| Chen Rong Fu | $960,000 | -- | |
| Bernabe Delia | -- | -- | |
| Bernabe Delia | -- | -- | 
                Source: Public Records
                    
            
        Mortgage History
| Date | Status | Borrower | Loan Amount | 
|---|---|---|---|
| Open | Lin Xiu | $770,000 | |
| Closed | Lin Xiu | $770,000 | |
| Previous Owner | Chen Rong Fu | $74,700 | |
| Previous Owner | Chen Rong Fu | $645,300 | 
                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 | $7,772 | $82,620 | $30,540 | $52,080 | 
| 2024 | $7,772 | $94,920 | $30,540 | $64,380 | 
| 2023 | $7,429 | $95,880 | $30,540 | $65,340 | 
| 2022 | $6,895 | $95,100 | $30,540 | $64,560 | 
| 2021 | $6,861 | $83,460 | $30,540 | $52,920 | 
| 2020 | $3,373 | $82,380 | $30,540 | $51,840 | 
| 2019 | $6,746 | $69,240 | $30,540 | $38,700 | 
| 2018 | $6,214 | $30,484 | $11,334 | $19,150 | 
| 2017 | $5,867 | $28,782 | $12,896 | $15,886 | 
| 2016 | $5,431 | $27,169 | $12,260 | $14,909 | 
| 2015 | $3,275 | $26,872 | $13,400 | $13,472 | 
| 2014 | $3,275 | $26,872 | $15,167 | $11,705 | 
                Source: Public Records
                    
            
        Map
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