NOT LISTED FOR SALE

5708 7th Ave Unit 5B Brooklyn, NY 11220

Sunset Park Neighborhood

Estimated Value: $472,000 - $701,000

1 Bed
1 Bath
-- Sq Ft
$298/mo HOA Fee

Last Sold January 05, 2022

Last sale price $522,500

Est. 6% increase in value since last sale

Current estimated payment $3,256/month

62 Days on Market

About This Home

As of January 2022

Introducing an opportunity to own this condo located in the coveted area of Sunset Park, Brooklyn. There are 13 years of tax abatement left. The condo is approximately 577 sqft and it has 1 bedroom, 1 full bathroom, a spacious living room, and an open kitchen concept. The condo also features an in-unit washer and dryer for your own convenience as well as an elevator for easy ups and downs. The condo is only a minute walk away from the popular 8th Avenue and it is flooded with restaurants, shops, doctors' offices, pharmacies, and supermarkets. The property is located conveniently by public transportation options including B9, B16, B70, and the N train. The property is located in an AMAZING school district zoning to PS 69 and JHS 220 both highly rated.

Last Agent to Sell the Property

Li Xu

EXP Realty License #10401337318 Listed on: 06/01/2021

EXP Realty

Last Buyer's Agent

Li Xu

EXP Realty License #10401337318 Listed on: 06/01/2021

EXP Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $165

Year Built

  • Built in 2008

Lot Details

  • No Common Walls

HOA Fees

  • $298 Monthly HOA Fees

Home Design

  • Entry on the 6th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Community Details

  • Condo

Property Details

Home Type

Condominium

Est. Annual Taxes

$165

Year Built

Built in 2008

Lot Details

0

HOA Fees

$298 per month

Listing Details

  • Property Type: Residential
  • Architectural Style: Other
  • Property SubType: Condominium
  • Year Built: 2008
  • New Construction: No
  • Attribution Contact: 718-939-8388
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Entry Level: 6
  • Total Bedrooms: 1

Exterior Features

  • Flood Zone Report: No

Garage/Parking

  • Attached Garage: No
  • Garage: No

Condo/Co-op/Association

  • Additional Fee Description: "
  • Association Fee: 298.00
  • Association Fee Frequency: Monthly
  • Senior Community: No

Lot Info

  • Property Attached: No

Rental Info

  • Lease Considered: Yes

Tax Info

  • Close Date: 2022-01-05
  • Tax Annual Amount: 165.00

MLS Schools

  • Middle School District: Brooklyn 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2021
Closed on
Jan 5, 2022
Sold by
Chen Jian and Hong Yan Fen
Bought by
Li Qing
Seller's Agent
Li Xu
EXP Realty
Buyer's Agent
Li Xu
EXP Realty
List Price
$520,000
Sold Price
$522,500
Premium/Discount to List
$2,500
0.48%
Current Estimated Value
$555,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,112
Avg. Annual Appreciation
1.65%
Original Mortgage
$300,000
Outstanding Balance
$277,695
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$277,917

Purchase Details

Closed on
Feb 15, 2011
Sold by
Trahall Realty Inc
Bought by
Chen Jian and Hong Yan Fen
Source: Public Records

Range of Values:

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Average Value
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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
Li Qing $522,500 --
Chen Jian $263,640 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Qing $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2022 01/05/22 Sold $522,500 +0.5% --
08/02/2021 08/02/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $520,000 -- --
Source: OneKey® MLS

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 $156 $66,491 $4,853 $61,638
2024 $156 $68,939 $4,853 $64,086
2023 $153 $69,429 $4,853 $64,576
2022 $152 $70,628 $4,853 $65,775
2021 $150 $61,594 $4,853 $56,741
2020 $152 $69,471 $4,853 $64,618
2019 $155 $69,471 $4,853 $64,618
2018 $158 $64,220 $4,853 $59,367
2017 $158 $61,327 $4,853 $56,474
2016 $160 $67,469 $4,854 $62,615
2015 $125 $45,350 $4,853 $40,497
2014 $125 $42,947 $4,854 $38,093
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Li Xu

    EXP Realty

    (718) 939-8388

    1 in this area

    22 Total Sales

    Li Xu
    Section Image
  • Xiao Feng Pan

    Buyer Co-Listing Agent in 2022

    Xiao Feng Pan

    Winzone Realty Inc

    (718) 899-7000

    4 in this area

    307 Total Sales

    Xiao Feng Pan
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3317583

OneKey® MLS

APN: 00849-1010

New York Kings County Brooklyn 11220 Sunset Park

5708 7th Ave Unit 5B, Brooklyn, NY

This home is located at 5708 7th Ave Unit 5B, Brooklyn, NY 11220 since 01 June 2021 and is currently estimated at $555,612. This property was built in 2008. 5708 7th Ave Unit 5B is a home located in Kings County with nearby schools including P.S. 69 Vincent D Grippo School, IS 220 John J. Pershing, and Fort Hamilton High School.

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