Seller's Agent in 2023
George Herrera
Keller Williams Landmark II
(718) 968-5538
2 in this area
174 Total Sales
563 E 55th St Brooklyn, NY 11203
East Flatbush NeighborhoodEstimated Value: $624,000 - $879,000
3
Beds
2.5
Baths
1,929
Sq Ft
$409/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Window Unit Cooling System
- Hot Water Heating System
- Property is near public transit
- Park
- 4-minute walk to Harry Maze Playground
About This Home
As of October 2023DO NOT DISTURB OCCUPANTS. Excellent opportunity with tons of potential. The property type is a desirable one: brick row-house with 18x38 footprint, on an 18x100 lot, with 3 bedrooms, 1 full bath, 2 half-baths, full above grade walk-out basement that opens to the private back yard, and an attached garage and private driveway in the front, allowing space for 2 vehicles, or your typical "mother-daughter" use. The property has R4 zoning, is fully built out at 1,929 square feet and has low taxes. 40-50 minutes to Manhattan via car or transit. B7, B8, B47 and B48 bus lines very nearby. Harry Maze playground one block over, grocery stores within a few blocks, and P.S. 244 and I.S. 285 within 1/2 mile. Also nearby are a gym, Target, Canarsie Park, and the Wyckoff House Museum. The property does require work, and therefore cash buyers -- or buyers with a 203k loan or private lending if they choose to use financing -- will be preferred. With a touch of vision and the right investment, this property holds incredible potential as a primary home or lucrative investment. Don't miss out on this exceptional opportunity to shape it into something truly special!
Last Agent to Sell the Property
Keller Williams Landmark II License #10401224259 Listed on: 05/31/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,492
Year Built
- Built in 1940
Lot Details
- 1,800 Sq Ft Lot
- Lot Dimensions are 18x100
- Zoning described as R4
Parking
- 1 Car Garage
- Private Parking
- Driveway
Home Design
- Colonial Architecture
- Brick Exterior Construction
Interior Spaces
- 1,929 Sq Ft Home
- 2-Story Property
- Oven
Bedrooms and Bathrooms
- 3 Bedrooms
Finished Basement
- Walk-Out Basement
- Partial Basement
Location
- Property is near public transit
Schools
- Ps 244 Richard R Green Elementary School
- Is 285 Meyer Levin Middle School
- Brooklyn Theatre Arts High School
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- Heating System Uses Oil
Community Details
- Park
Listing and Financial Details
- Exclusions: Refrigerator
- Legal Lot and Block 79 / 4776
- Assessor Parcel Number 04776-0079
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 29, 2024
Sold by
Four Winds Dev Llc
Bought by
Bibby Leon C and Lewis Kifunji E
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Outstanding Balance
$748,229
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$41,204
Purchase Details
Listed on
May 31, 2023
Closed on
Oct 2, 2023
Sold by
English F Angela and Estate Of Ethelstine English
Bought by
Four Winds Dev Llc
Seller's Agent
George Herrera
Keller Williams Landmark II
Buyer's Agent
Karma Ghale
Keller Williams Landmark II
List Price
$524,999
Sold Price
$500,000
Premium/Discount to List
-$24,999
-4.76%
Views
258
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.17%
Purchase Details
Closed on
Dec 30, 1997
Sold by
English Frank A and English Ethelstine
Bought by
English Ethelstine
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bibby Leon C | $800,000 | -- | |
| Bibby Leon C | $800,000 | -- | |
| Four Winds Dev Llc | $500,000 | -- | |
| Four Winds Dev Llc | $500,000 | -- | |
| English Ethelstine | -- | -- | |
| English Ethelstine | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bibby Leon C | $760,000 | |
| Closed | Bibby Leon C | $760,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/04/2023 10/04/23 | Sold | $500,000 | -4.8% | $259 / Sq Ft |
| 07/11/2023 07/11/23 | Pending | -- | -- | -- |
| 05/31/2023 05/31/23 | For Sale | $524,999 | -- | $272 / Sq Ft |
Source: OneKey® MLS
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 | $5,757 | $40,140 | $13,560 | $26,580 |
| 2024 | $5,757 | $44,760 | $13,560 | $31,200 |
| 2023 | $5,432 | $48,720 | $13,560 | $35,160 |
| 2022 | $5,492 | $40,140 | $13,560 | $26,580 |
| 2021 | $5,648 | $33,660 | $13,560 | $20,100 |
| 2020 | $5,648 | $33,720 | $13,560 | $20,160 |
| 2019 | $4,997 | $32,220 | $13,560 | $18,660 |
| 2018 | $4,594 | $22,536 | $8,377 | $14,159 |
| 2017 | $4,594 | $22,536 | $10,859 | $11,677 |
| 2016 | $4,373 | $22,366 | $12,389 | $9,977 |
| 2015 | $2,441 | $21,100 | $13,012 | $8,088 |
| 2014 | $2,441 | $19,906 | $14,357 | $5,549 |
Source: Public Records
Agents Affiliated with this Home
-
George Herrera
-
Daniel Akerman
D
Seller Co-Listing Agent in 2023
Daniel Akerman
Keller Williams Landmark II
(646) 844-5770
1 in this area
33 Total Sales
-
Karma Ghale
K
Buyer's Agent in 2023
Karma Ghale
Keller Williams Landmark II
(347) 846-1200
2 in this area
34 Total Sales
Map
Source: OneKey® MLS
MLS Number: KEY3481652
APN: 04776-0079
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