NOT LISTED FOR SALE

588 Liberty Ave Brooklyn, NY 11207

East New York Neighborhood

Estimated Value: $1,233,000 - $1,268,000

8 Beds
3 Baths
3,240 Sq Ft
$385/Sq Ft Est. Value

Last Sold March 12, 2014

Last sale price $425,000 $131 Per Sq Ft

Est. 194% increase in value since last sale

Current estimated payment $7,297/month

268 Days on Market

Highlights

  • Active Adult
  • Cooling Available
  • Hot Water Heating System
  • Contemporary Architecture
  • Combination Dining and Living Room

About This Home

As of March 2014

This home is located at 588 Liberty Ave, Brooklyn, NY 11207 since 12 April 2013 and is currently estimated at $1,248,333, approximately $385 per square foot. This property was built in 2005. 588 Liberty Ave is a home located in Kings County with nearby schools including P.S. 158 Warwick, J.H.S 292 Margaret S. Douglas, and Achievement First Apollo Charter School.

Last Agent to Sell the Property

Augustus Michaels

Exit All Seasons Realty Brokerage Phone: 718-345-4545 License #10301211710 Listed on: 04/12/2013

Last Buyer's Agent

Augustus Michaels

Exit All Seasons Realty Brokerage Phone: 718-345-4545 License #10301211710 Listed on: 04/12/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,565

Year Built

  • Built in 2005

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100
  • Two or More Common Walls

Parking

  • Private Parking

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • Combination Dining and Living Room
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Cooling Available
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • Active Adult
  • 3 Units

Listing and Financial Details

  • Exclusions: Dishwasher,Dryer,Washer
  • Legal Lot and Block 11 / 3981
  • Assessor Parcel Number 03981-0011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,565

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Contemporary
  • Property SubType: Multi Family
  • Exclusions: Dishwasher,Dryer,Washer
  • Year Built: 2005
  • New Construction: No
  • Attribution Contact: 718-345-4545
  • BylawsAttachedYN: 0
  • BuildingPermitYN: 0
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Living Room/Dining Room Combo
  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: Full
  • Inclusions: Oven/Range,Refrigerator
  • Total Bedrooms: 8
  • Fireplace: No
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Brick
  • Pool Private: No
  • Spa: No
  • View YN: No
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Open Parking: No
  • Parking Description: Private

Utilities

  • Cooling: Yes
  • Heating: Natural Gas, Hot Water

Condo/Co-op/Association

  • Senior Community: Yes

Fee Information

  • AdditionalFeesYN: 0

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 20X100
  • Lot Size Sq Ft: 2000
  • Parcel Number: 03981-0011
  • Property Attached: Yes
  • ExtraLandAvailableYN: 0

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 3

Tax Info

  • Tax Annual Amount: 5565
  • Tax Block: 3981
  • Tax Lot: 11
  • Tax Map Number: K03981-0011

MLS Schools

  • Middle School District: Brooklyn 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2013
Sold by
Major Patricia
Bought by
Sydney Rene
Current Estimated Value
$1,248,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Outstanding Balance
$287,464
Interest Rate
4.35%
Mortgage Type
New Conventional
Estimated Equity
$960,869

Purchase Details

Closed on
Jun 6, 2006
Sold by
Autumn Equities Llc
Bought by
Major Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,200
Interest Rate
6.58%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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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
Sydney Rene $425,000 --
Major Patricia $719,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sydney Rene $382,500
Previous Owner Major Patricia $575,200
Closed Sydney Rene $20,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2014 03/12/14 Sold $425,000 -26.6% $131 / Sq Ft
01/06/2014 01/06/14 Pending -- -- --
04/12/2013 04/12/13 For Sale $579,000 -- $179 / Sq Ft
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 $8,612 $50,220 $12,000 $38,220
2024 $8,612 $58,980 $12,000 $46,980
2023 $8,215 $52,740 $12,000 $40,740
2022 $7,618 $52,320 $12,000 $40,320
2021 $8,031 $40,800 $12,000 $28,800
2020 $3,962 $49,500 $12,000 $37,500
2019 $7,474 $41,100 $12,000 $29,100
2018 $6,871 $33,708 $11,236 $22,472
2017 $6,482 $31,800 $12,000 $19,800
2016 $7,158 $35,806 $11,740 $24,066
2015 $4,407 $33,780 $12,000 $21,780
2014 $4,407 $33,780 $12,000 $21,780
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Augustus Michaels

    Exit All Seasons Realty

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Map

Source: OneKey® MLS

MLS Number: KEY2573542

OneKey® MLS

APN: 03981-0011

New York Kings County Brooklyn 11207 East New York

588 Liberty Ave, Brooklyn, NY

Not Listed for Sale

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