NOT LISTED FOR SALE

Estimated Value: $1,286,456 - $1,682,000

4 Beds
3 Baths
2,690 Sq Ft
$530/Sq Ft Est. Value

Last Sold January 17, 2023

Last sale price $1,250,000 $465 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $8,270/month

59 Days on Market

About This Home

As of January 2023

Welcome to this two-family home on a beautiful quiet tree-lined block in the heart of Bay Ridge. Originally built in 1910 this property measures 20 feet by 50 feet on a lot of 20 by 117 feet and has charming bay windows and a large court yard in front. The backyard includes an inviting covered porch and extra-deep yard, good for gardening. The well-maintained house consists of six rooms on the top floor and five rooms on the main floor. A fully finished above-grade basement (with legal 3/4 bathroom), laundry room, and utility room is connected to the main floor apt. The mechanicals are in very good condition with many updates in the last few years, including new gas lines, new stoves, new refrigerators, and water heater. All gas and electric are up to code and lead-tested. One enters the front door into a foyer with many original wood details such as carved wood decorations, bevelled glass, and a pocket door. The main floor apartment has been renovated and features an open kitchen with solid butcher block, matching cabinets, and working fireplace. The covered porch off the kitchen functions like an extra room, perfect for outside dining and watching the many birds in the trees behind the house. The renovated bathroom features a skylight. The top floor is spacious and full of light with an extra bedroom and beautiful original wood floors throughout. It preserves the original layout with a separate kitchen that can accommodate an eating area as well. It can be used as a rental unit immediately, and help pay the bills! The house is half a block from Fifth Avenue, a trendy and bustling street with tons of shops and restaurants, and many parks nearby. The elementary school is half a block away. Buses along Fifth Ave connect you with other parts of Brooklyn and a five minute walk brings you to the subway (R) and a half hour from Manhattan.

Last Agent to Sell the Property

Wilford Nelson

Corcoran Group License #10401281660 Listed on: 09/23/2022

Corcoran Group

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2,352

Home Design

Interior Spaces

  • 2,690 Sq Ft Home
  • 2-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Community Details

  • 2 Units
  • Bay Ridge Subdivision

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bay Ridge
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 2690.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2022
Closed on
Jan 17, 2023
Sold by
Rose Maria I
Bought by
Chen Zhi Mou and Wang Ying
Seller's Agent
Wilford Nelson
Corcoran Group
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%
Views
33
Current Estimated Value
$1,426,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,114
Avg. Annual Appreciation
4.54%
Original Mortgage
$625,000
Outstanding Balance
$604,702
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$821,412

Purchase Details

Closed on
Jun 22, 1999
Sold by
Hatter Donald
Bought by
Rose Maria I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.76%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chen Zhi Mou $1,250,000 --
Rose Maria I $309,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Zhi Mou $625,000
Previous Owner Rose Maria I $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2023 01/17/23 Sold $1,250,000 -7.4% $465 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $1,350,000 -- $502 / 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 $9,759 $76,620 $12,840 $63,780
2024 $9,759 $73,260 $12,840 $60,420
2023 $9,343 $78,360 $12,840 $65,520
2022 $8,669 $64,140 $12,840 $51,300
2021 $9,091 $70,320 $12,840 $57,480
2019 $8,470 $70,260 $12,840 $57,420
2018 $7,815 $38,336 $7,603 $30,733
2017 $7,377 $36,187 $7,548 $28,639
2016 $7,197 $36,000 $8,144 $27,856
2015 $3,898 $35,730 $10,018 $25,712
2014 $3,898 $33,740 $10,532 $23,208
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10820902

Real Estate Board of New York (REBNY)

APN: 05893-0068