Seller's Agent in 2023
WaiPing Chan
Momentum Real Estate LLC
(347) 784-8887
4 in this area
15 Total Sales
558 51st St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated Value: $1,535,000 - $1,592,941
Studio
3
Baths
2,652
Sq Ft
$588/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Hot Water Heating System
- 5-minute walk to Rainbow Playground
- Multiple cooling system units
- Back and Front Yard
About This Home
As of September 2023Here is your opportunity to own a piece of Brooklyn's Prime Sunset Park area. This Legal 2 family building is in the heart of Sunset Park. This brick home is 3 stories, with a basement, each unit has a high ceiling-the first and second-floor Duplex family. The third floor has 3 bedrooms, a full bathroom, and a living room. Convenient to all public Transportation B11, B63 Buses, and N, R&W trains. If you know Brooklyn this is the most demanded area. Will be delivered vacant. The seller is ready to hear all qualified offers!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,496
Year Built
- Built in 1905
Lot Details
- 2,008 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Back and Front Yard
Parking
- On-Street Parking
Home Design
- 2,652 Sq Ft Home
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Full Bathrooms
Utilities
- Multiple cooling system units
- Hot Water Heating System
- Heating System Uses Gas
- 220 Volts
Additional Features
- Unfinished Basement
Community Details
- 2 Units
Listing and Financial Details
- Tax Block 800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2023
Closed on
Sep 1, 2023
Sold by
Ng Ching Han and Ng Chun Kwong
Bought by
Cao Shiqing and Cao Shiqun
Seller's Agent
WaiPing Chan
Momentum Real Estate LLC
Buyer's Agent
WaiPing Chan
Momentum Real Estate LLC
List Price
$1,520,000
Sold Price
$1,500,000
Premium/Discount to List
-$20,000
-1.32%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,403
Avg. Annual Appreciation
1.68%
Original Mortgage
$885,000
Outstanding Balance
$866,230
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$694,005
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cao Shiqing | $1,500,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cao Shiqing | $885,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/01/2023 09/01/23 | Sold | $1,500,000 | -0.7% | $566 / Sq Ft |
| 04/25/2023 04/25/23 | Price Changed | $1,509,900 | -0.7% | $569 / Sq Ft |
| 04/18/2023 04/18/23 | For Sale | $1,520,000 | -- | $573 / Sq Ft |
| 04/17/2023 04/17/23 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
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 | $5,109 | $91,440 | $28,080 | $63,360 |
| 2024 | $5,109 | $75,780 | $28,080 | $47,700 |
| 2023 | $4,875 | $91,020 | $28,080 | $62,940 |
| 2022 | $4,528 | $81,360 | $28,080 | $53,280 |
| 2021 | $4,496 | $89,220 | $28,080 | $61,140 |
| 2020 | $4,531 | $93,900 | $28,080 | $65,820 |
| 2019 | $4,434 | $74,640 | $28,080 | $46,560 |
Source: Public Records
Agents Affiliated with this Home
-
WaiPing Chan
-
Guang (King) Lin
Seller Co-Listing Agent in 2023
Guang (King) Lin
Momentum Real Estate LLC
(917) 468-5359
5 in this area
40 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 473320
APN: 00800-0030
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