NOT LISTED FOR SALE

588 Madison St Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,811,000 - $3,847,859

5 Beds
4 Baths
3,880 Sq Ft
$763/Sq Ft Est. Value

About This Home

This home is located at 588 Madison St, Brooklyn, NY 11221 and is currently estimated at $2,959,465, approximately $762 per square foot. 588 Madison St is a home located in Kings County with nearby schools including P.S. 308 Clara Cardwell, La Cima Charter School, and The Co-Op School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2022
Sold by
Aboah Charles R
Bought by
Freeman Robert M and Picini Joseph D
Current Estimated Value
$2,959,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,825,000
Outstanding Balance
$2,672,139
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$287,326

Purchase Details

Closed on
Aug 24, 2016
Sold by
Bunce Christiaan and Gim Jules
Bought by
Aboah Charles

Purchase Details

Closed on
Mar 6, 2015
Sold by
Waddell Willie
Bought by
Bunce Christiaan and Gim Jules

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$796,250
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 2008
Sold by
Waddell Joyce A and Waddell Willie
Bought by
Waddell Willie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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
Freeman Robert M $3,532,000 --
Freeman Robert M $3,532,000 --
Aboah Charles $2,610,000 --
Aboah Charles $2,610,000 --
Bunce Christiaan $1,225,000 --
Bunce Christiaan $1,225,000 --
Waddell Willie -- --
Waddell Willie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freeman Robert M $2,825,000
Closed Freeman Robert M $2,825,000
Previous Owner Bunce Christiaan $796,250
Closed Waddell Willie $0
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 $8,199 $150,000 $25,860 $124,140
2024 $8,199 $151,500 $25,860 $125,640
2023 $8,162 $171,660 $25,860 $145,800
2022 $7,543 $140,520 $25,860 $114,660
2021 $7,527 $114,180 $25,860 $88,320
2020 $3,696 $121,200 $25,860 $95,340
2019 $7,116 $114,060 $25,860 $88,200
2018 $6,892 $33,808 $6,989 $26,819
2017 $6,336 $32,550 $8,497 $24,053
2016 $4,099 $22,056 $10,551 $11,505
2015 $2,182 $19,905 $10,985 $8,920
2014 $2,182 $18,810 $12,453 $6,357
Source: Public Records

Map

New York Kings County Brooklyn 11221 Bed-Stuy

588 Madison St, Brooklyn, NY

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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