NOT LISTED FOR SALE

547 56th St Brooklyn, NY 11220

Sunset Park Neighborhood

Estimated Value: $1,516,000 - $1,649,000

-- Bed
-- Bath
3,000 Sq Ft
$525/Sq Ft Est. Value

About This Home

This home is located at 547 56th St, Brooklyn, NY 11220 and is currently estimated at $1,576,333, approximately $525 per square foot. 547 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
Apr 1, 2021
Sold by
Chen Bi Fang and Lu Xiao Min
Bought by
Lu Xiao Min
Current Estimated Value
$1,576,333

Purchase Details

Closed on
May 11, 2011
Sold by
Lu Fa Nan
Bought by
Chen and Bi Fang

Purchase Details

Closed on
May 10, 1999
Sold by
Brennan Dermott
Bought by
Lu Fa Nan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.8%
Source: Public Records

Range of Values:

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.

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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.

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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.

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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.

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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
Lu Xiao Min -- --
Chen -- --
Lu Fa Nan $310,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lu Fa Nan $150,000
Source: Public Records

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 $8,059 $92,160 $28,620 $63,540
2024 $8,059 $91,980 $28,620 $63,360
2023 $7,676 $97,680 $28,620 $69,060
2022 $7,098 $80,580 $28,620 $51,960
2021 $7,056 $72,000 $28,620 $43,380
2020 $3,507 $73,560 $28,620 $44,940
2019 $6,946 $80,940 $28,620 $52,320
2018 $6,361 $32,662 $12,012 $20,650
2017 $5,988 $30,844 $11,846 $18,998
2016 $5,510 $29,112 $12,978 $16,134
2015 $3,290 $29,112 $12,534 $16,578
2014 $3,290 $28,837 $12,101 $16,736
Source: Public Records

Map

New York Kings County Brooklyn 11220 Sunset Park

547 56th St, Brooklyn, NY

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