NOT LISTED FOR SALE

587 Kings Hwy Unit 5 Brooklyn, NY 11223

Gravesend Neighborhood

Estimated Value: $705,680 - $790,000

3 Beds
2 Baths
1,130 Sq Ft
2001 Built

Last Sold June 20, 2019

Last sale price $607,000 $537 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,792/month

Highlights

  • Wood Flooring
  • Terrace
  • Handicap Accessible
  • P.S. 215 Morris H Weiss Rated A-
  • Elevator
  • Central Air

About This Home

As of June 2019

Owner is looking for cash buyer only. Amazing large 3 bedroom 2 full bathroom condo in the best Midwood location on Ocean Pkwy & Kings Hwy, with 2 balconies: one of the living room, another of the master bedroom, Jacuzzi tub in master bedroom, CA, SS appliances in the kitchen, kitchen with a window, lots of closets, S, N & W exposure, beautiful view, washer/dryer in unit, elevator building, low maintenance $365 includes water, building insurance, garbage handling and cleaning of the building, secured lobby, beautiful parquet floors, lots of windows that make the condo very bright and spacious looking, lots of closets (master bedroom has walk-in closet), extra large living/dining room combination, 5 min. walk to F train, close to B & Q trains. Central AC & Heat, beautiful parquet floors, all bedrooms are looking to the back, only 2 condo units per floor, close to buses and food shopping, close to great schools, houses of worship, restaurants and parks. Parking available for rent from next door building. Priced to sell! Don't miss!

Last Agent to Sell the Property

Diana Melerud

Listed on: 10/30/2018

Last Buyer's Agent

Diana Melerud

Listed on: 10/30/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,100

Year Built

  • Built in 2001

Parking

  • On-Street Parking

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,130 Sq Ft Home
  • Window Treatments

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Parquet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Gas

Additional Features

  • Handicap Accessible
  • Terrace
  • Sprinkler System

Listing and Financial Details

  • Tax Block 6662

Community Details

Overview

  • 9 Units
  • Association Phone (718) 499-4838
  • Kings Hwy Condo
  • Property managed by GUARDIAN PROPERTY MANAGEMENT OF BROOKLYN

Amenities

  • Laundry Facilities
  • Elevator
  • Secure Lobby

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,100

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Total Bathrooms: 2.00
  • Baths Total Level1: 2.00
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: Ocean Pkwy
  • Cross Street Name2: East 5th St
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Yes
  • Heat Delivery: Hot Water
  • Maintenance Common Fee: 365.00
  • Management Email: info@managebrooklyn.com
  • Negotiate Thru: Broker
  • Parking Attributes: Street, Other
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: Central Air, Dishwasher, Dryer, Elevator, Laundry Area, Refrigerator, Stove, Terrace, Washer, Window Treatments
  • Fill Sq Ft Total: 1130
  • Street Name I D X: Kings
  • Waterfront Present: No
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Hardwood, Parquet, Tile
  • Entry Floor: 5
  • Pets Allowed: Yes
  • Basement Type: Apartment

Exterior Features

  • Exterior Building Type: Detached
  • Lot Number: 1007

Utilities

  • Air Conditioning Units: 0
  • Heating Fuel: Gas
  • Utilities: Sewer, Sprinkler System, Water

Condo/Co-op/Association

  • Management Company: GUARDIAN PROPERTY MANAGEMENT OF BROOKLYN
  • Manager Phone: (718)499-4838
  • Pets Allowed: Both Cats & Dogs
  • Units In Building: 9

Lot Info

  • Building Project Name: Kings Hwy Condo

Tax Info

  • Tax Abatement: No
  • Flip Tax Amount: 8100.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2013
Sold by
Andrea Diane Small Co-Trustee
Bought by
Jose Mary Kutty and Jose Zacharia
Current Estimated Value
$759,170

Purchase Details

Closed on
Dec 12, 2008
Sold by
Small Andrea Diane
Bought by
Andrea Diane Small Living Trust and Andrea Diane Small, Co-Trustee

Purchase Details

Closed on
Feb 22, 2002
Sold by
Ocean Parkway Developmen
Bought by
Small Arthur and Small Andera

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.18%
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
Jose Mary Kutty $460,000 --
Andrea Diane Small Living Trust -- --
Small Arthur -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Small Arthur $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2019 06/20/19 Sold $607,000 -- $537 / Sq Ft
10/30/2018 10/30/18 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $9,570 $99,451 $10,429 $89,022
2024 $9,570 $82,881 $10,429 $72,452
2023 $9,099 $103,601 $10,429 $93,172
2022 $8,403 $101,801 $10,429 $91,372
2021 $7,801 $93,001 $10,429 $82,572
2020 $7,223 $96,901 $10,429 $86,472
2019 $8,900 $96,901 $10,429 $86,472
2018 $0 $65,344 $6,063 $59,281
2016 $4,820 $56,023 $6,805 $49,218
2015 $950 $56,023 $8,165 $47,858
2014 $950 $54,286 $8,064 $46,222
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Diana Melerud

See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 424748

Brooklyn Board of REALTORS®

APN: 06662-1005

New York Kings County Brooklyn 11223 Gravesend

587 Kings Hwy Unit 5, Brooklyn, NY

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