NOT LISTED FOR SALE

Estimated Value: $1,250,758 - $1,688,000

-- Bed
1 Bath
1,449 Sq Ft
$993/Sq Ft Est. Value

About This Home

This home is located at 56 16th St Unit 2, Brooklyn, NY 11215 and is currently estimated at $1,439,440, approximately $993 per square foot. 56 16th St Unit 2 is a home located in Kings County with nearby schools including P.S. 295 - The Studio School of Arts & Culture, Hellenic Classical Charter School - Park Slope, and Al-Noor School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2017
Sold by
Oton Akan
Bought by
Huang Mary Mumin and Luu Thuan Danh
Current Estimated Value
$1,439,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Outstanding Balance
$577,423
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$843,456

Purchase Details

Closed on
Mar 3, 2004
Sold by
Aton Atim Annette
Bought by
Oton Akan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 1996
Sold by
Dalonzo Ralph
Bought by
Oton Atim Annette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
7.75%
Mortgage Type
Balloon
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
Huang Mary Mumin $1,150,000 --
Huang Mary Mumin $1,150,000 --
Oton Akan -- --
Oton Akan -- --
Oton Atim Annette $67,000 Commonwealth Land Title Ins
Oton Atim Annette $67,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang Mary Mumin $690,000
Closed Huang Mary Mumin $690,000
Previous Owner Oton Akan E $6,088
Previous Owner Oton Akan $335,000
Previous Owner Oton Akan $250,000
Previous Owner Oton Atim Annette $86,250
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 $2,203 $94,380 $13,200 $81,180
2024 $2,203 $86,280 $13,200 $73,080
2023 $2,227 $83,040 $13,200 $69,840
2022 $2,153 $90,960 $13,200 $77,760
2021 $2,142 $99,780 $13,200 $86,580
2020 $1,005 $100,920 $13,200 $87,720
2019 $1,912 $94,980 $13,200 $81,780
2018 $1,863 $9,138 $1,671 $7,467
2017 $1,832 $8,989 $1,885 $7,104
2016 $1,695 $8,481 $1,935 $6,546
2015 $1,023 $8,002 $2,327 $5,675
2014 $1,023 $7,615 $2,656 $4,959
Source: Public Records

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