NOT LISTED FOR SALE

Estimated Value: $955,000 - $1,608,000

4 Beds
3 Baths
2,445 Sq Ft
$787/mo HOA Fee

Last Sold November 08, 2020

Last sale price $1,199,000 $490 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $8,977/month

475 Days on Market

Highlights

  • Pre War Building
  • 3-minute walk to Newkirk Avenue (B,Q Line)
  • Intercom
  • Ditmas Junior High school Rated A-
  • Terrace
  • North Facing Home

About This Home

As of November 2020

As rare as it gets, welcome to 551 Rugby Road: a charming boutique three-unit condominium building within a quintessential historic Ditmas Park Victorian!

Residence No. 2 at 551 Rugby boasts a sprawling two-floor layout:

- Second floor w/ large private porch serves as the main level of the home.

- Fully-finished basement serves as the accessory level of the home.

- Exclusive ownership and rights to rear yard space, two parking spaces on the driveway AND the 2-car garage -- large enough to also house the owner's workshop!

The main second floor contains 3-bedrooms, eat-in kitchen, large formal dining room, living room, laundry room, and 1 full bath. It features the same architectural features and layout configuration one would expect to find in any grand turn-of-the-twentieth century Victorian Flatbush home, but now with the contemporary conveniences of condominium living. Original parquet floors, pocket doors, hand-carved wainscoting, built-in tiger oak cabinets with leaded glass doors, and decorative fireplace are just some of the handsome period details the unit has to offer. The added advantages here however are that heating, hot water, gardening, routine maintenance, and many more typical homeowner-related expenses are all covered in common charges! All mechanical equipment was recently updated, and there is a brand new roof to boot!

What's more, the separate basement level of the residence contains multiple handsomely-sized rooms with plenty of natural light and storage, 2 more full bathrooms, and an additional large laundry area. The basement holds a truly flexible floor plan that can be used in a variety of ways. With both internal and external entrances to the basement, this floor can be used as an extension of living and entertainment space for the owners, or as an in-law suite, or as a live-work space.

Nestled in the enchanting "garden in the city" Ditmas Park enclave, 551 Rugby is submerged in beautiful tree-lined streets of stately, detached homes in varying styles are complemented by lush greenery and landscaping that beautifies the neighborhood. Conveniently located near a plethora of standout neighborhood amenities, restaurants, cafes, nightlife spots, markets, and service related shops, 551 Rugby is only a stone's throw away from Cortelyou Road and Newkirk Avenue B & Q subway stations.

Last Agent to Sell the Property

David Fernandez

Serhant License #40FE1052956 Listed on: 07/24/2020

Serhant

Co-Listed By

Andrew Appell

Serhant License #10401290171

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,240

Year Built

  • Built in 1921

Lot Details

  • 0.92

HOA Fees

  • $787 Monthly HOA Fees

Home Design

  • Pre War Building

Interior Spaces

  • 2,445 Sq Ft Home
  • 3-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Terrace
  • North Facing Home

Community Details

  • Flatbush Subdivision

Listing and Financial Details

  • Legal Lot and Block 7501 / 5200

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,240

Year Built

Built in 1921

Lot Details

0

HOA Fees

$787 per month

Listing Details

  • Cross Street: Ditmas Avenue/Newkirk Avenue
  • Exposures: North
  • Property SubType: Triplex
  • Property Type: Residential
  • Neighborhood: Flatbush
  • Architectural Style: Prewar
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area: 2445.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

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

Exterior Features

  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 787.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 3
  • Year Built: 1921

Tax Info

  • Tax Block: 5200
  • Tax Lot: 7501
  • Tax Annual: 3240.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2020
Closed on
Oct 21, 2020
Sold by
Cohen Bryan and Duke-Cohen Rachel
Bought by
Prater Michael and Prater Vicky
Seller's Agent
David Fernandez
Serhant
List Price
$1,199,000
Sold Price
$1,199,000
Current Estimated Value
$1,420,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,864
Avg. Annual Appreciation
4.15%
Original Mortgage
$1,139,050
Outstanding Balance
$1,019,969
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$434,554

Purchase Details

Closed on
Nov 18, 2016
Sold by
Duke Svetlana
Bought by
Cohen Bryan and Duke Svetlana

Purchase Details

Closed on
Oct 28, 2014
Sold by
Duke Svetlana
Bought by
Duke Svetlana and Duke-Cohen Rachel
Source: Public Records

Range of Values:

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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
Prater Michael $1,199,000 --
Cohen Bryan -- --
Cohen Bryan -- --
Duke Svetlana -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prater Michael $1,139,050
Previous Owner Cohen Bryan $190,000
Previous Owner Cohen Bryan $424,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2020 11/08/20 Sold $1,199,000 0.0% $490 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
05/14/2019 05/14/19 For Sale $1,199,000 -- $490 / 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 $4,929 $92,379 $8,100 $84,279
2024 $4,929 $72,970 $8,100 $64,870
2023 $4,702 $64,493 $8,100 $56,393
2022 $4,360 $59,472 $8,100 $51,372
2021 $4,596 $48,161 $8,100 $40,061
2020 $2,268 $57,947 $8,100 $49,847
2019 $4,278 $57,947 $8,100 $49,847
2018 $3,635 $19,292 $3,641 $15,651
2017 $3,411 $18,201 $3,707 $14,494
2016 $3,329 $18,201 $5,004 $13,197
2015 $1,851 $18,063 $6,210 $11,853
2014 $1,851 $17,041 $7,030 $10,011
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10615341

Real Estate Board of New York (REBNY)

APN: 05200-1002