NOT LISTED FOR SALE

Estimated Value: $1,274,000 - $1,447,000

4 Beds
2 Baths
1,480 Sq Ft
$900/Sq Ft Est. Value

Last Sold July 08, 2022

Last sale price $1,330,000 $899 Per Sq Ft

Current estimated payment $7,893/month

23 Days on Market

Highlights

  • Pre War Building
  • Terrace
  • Building Terrace
  • Junior High School 259 William McKinley Rated A
  • Balcony
  • Garden

About This Home

As of July 2022

Welcometo 556 77th Street, a carefully maintained single family home on a tree-lined street in the heart of Bay Ridge, Brooklyn. Upon entering, you will immediatelynoticethe spacious floor planwith original detailsthroughout, with an abundance of natural light flowing into the home. The living room is situated just off the entryway and is quite expansiveas you begin to appreciate the 20 foot wide depth, while you enjoy great views of your front yard. The Dining Room can easily seat eight with a formal table and features a stunningwood beamed ceiling with inviting views of the back deck area and backyard.The kitchen features stainlesssteel appliances and has a sun-drenched enclosed breakfast nook with sliding glass doors that open to a wood deck overlooking the serenegardenand Koi pond in your backyard.

Each of the four bedrooms are upstairs,along with a generouslysized bathroom with a skylight. The primary bedroom has an airy 20' terrace that extends the entire length of the house and overlooks the south-facing backyard. The house also features a finished basement for additionalrecreationand storage space, which also contains a laundry area, wet bar and full bathroom.Some recent improvements include the new split system central air conditioning, new mechanicals, new roof and upgraded electrical systems on each floor.

Ideally located near 5th Avenue shops and restaurants and only two blocks to the R train to Manhattan. First open house this Sunday, March 13th from 1-3pm, by appointment only.

Last Agent to Sell the Property

Matthew KIRBY-SMITH

Compass License #10401329542 Listed on: 03/09/2022

Compass

Co-Listed By

Scott Klein

Compass License #30KL0922734

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,796

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 20.0 x 100.0
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 1,480 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Terrace

Utilities

  • Central Air

Listing and Financial Details

  • Legal Lot and Block 31 / 5962

Community Details

Overview

  • Bay Ridge Subdivision

Amenities

  • Building Terrace
  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,796

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Cross Street: 5th Avenue/6th Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Bay Ridge
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Living Area: 1480.0
  • Living Area Units: Square Feet
  • Rooms (Total): 10

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Balcony, Garden
  • Patio/Porch Features: Building Terrace, Terrace, Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Cooling: Building Cooling, Central Air
  • Cooling: Yes

Lot Info

  • Lot Size Dimensions: 20.0 x 100.0

Building Info

  • Total Stories: 2
  • Year Built: 1920

Tax Info

  • Tax Block: 5962
  • Tax Lot: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2022
Closed on
Jul 8, 2022
Sold by
Gross Liam and Gross Valerie
Bought by
Marcus David and Marsh Laura
Seller's Agent
Matthew KIRBY-SMITH
Compass
List Price
$1,295,000
Sold Price
$1,330,000
Premium/Discount to List
$35,000
2.7%
Current Estimated Value
$1,332,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,000
Avg. Annual Appreciation
0.05%
Original Mortgage
$125,896
Outstanding Balance
$120,700
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,211,300

Purchase Details

Closed on
Sep 25, 2017
Sold by
Lake Brian
Bought by
Gross Liam and Gross Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
3.86%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 17, 2014
Sold by
Ellard Regina M
Bought by
Lake Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,000
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 1995
Sold by
Petersen Frank
Bought by
Ellard Ronald J and Ellard Regina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7.6%
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
Marcus David $1,330,000 --
Gross Liam $1,100,000 --
Lake Brian $808,000 --
Ellard Ronald J $230,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marcus David $125,896
Previous Owner Gross Liam $3,488
Previous Owner Gross Liam $880,000
Previous Owner Lake Brian $499,000
Previous Owner Ellard Regina M $498,575
Previous Owner Ellard Regina M $32,196
Previous Owner Ellard Regina M $390,000
Previous Owner Ellard Regina M $97,500
Previous Owner Ellard Ronald $247,500
Previous Owner Ellard Ronald J $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2022 07/08/22 Sold $1,330,000 +2.7% $899 / Sq Ft
03/09/2022 03/09/22 For Sale $1,295,000 -- $875 / 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 $7,796 $67,860 $14,100 $53,760
2024 $7,796 $72,300 $14,100 $58,200
2023 $7,665 $78,480 $14,100 $64,380
2022 $7,534 $68,280 $14,100 $54,180
2021 $7,541 $64,080 $14,100 $49,980
2020 $3,587 $63,300 $14,100 $49,200
2019 $6,767 $55,920 $14,100 $41,820
2017 $6,111 $31,450 $8,176 $23,274
2016 $5,659 $29,859 $8,663 $21,196
2015 $3,359 $28,573 $10,188 $18,385
2014 $3,359 $26,956 $10,725 $16,231
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10790018

Real Estate Board of New York (REBNY)

APN: 05962-0031