NOT LISTED FOR SALE

Estimated Value: $1,277,863 - $1,645,000

7 Beds
3 Baths
3,220 Sq Ft
$465/Sq Ft Est. Value

Last Sold May 28, 2024

Last sale price $1,250,000 $388 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $8,723/month

20 Days on Market

Highlights

  • Colonial Architecture
  • Property is near public transit
  • 1 Car Attached Garage
  • Rachel Carson I.S. 237Q Rated A-
  • Wood Flooring
  • 3-minute walk to Electric Playground

About This Home

As of May 2024

Welcome to this fantastic investment opportunity nestled in a prime location! This all-brick, two-family residence stands as a testament to classic architecture and great for steady income. This property offers two separate units consisting of 3-Bedrooms, 1-Bathroom each; plus, an additional 1-Bedroom, 1-Bathroom unit as a bonus located on the first floor. Each with has its own unique charm and privacy. Perfect for homeowners looking to live in one unit and rent out the other, or for savvy investors seeking rental income. Enjoy a private yard or potential garden area, ideal for relaxation or outdoor activities.

Last Agent to Sell the Property

Solomon Davydov

Exit Realty First Choice Brokerage Phone: 718-380-2500 License #10311210328 Listed on: 11/21/2023

Exit Realty First Choice

Last Buyer's Agent

Sau Lam Chan

Royalux Realty LLC License #10401215601

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,279

Year Built

  • Built in 1950

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100
  • 1 Common Wall

Parking

  • 1 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 3,220 Sq Ft Home
  • 3-Story Property
  • Entrance Foyer
  • Wood Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Ps 173 Fresh Meadows Elementary School
  • JHS 216 George J Ryan Middle School
  • Francis Lewis High School

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 25 / 6759
  • Assessor Parcel Number 06759-0025

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,279

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Property Condition: Mint
  • Levels: Three Or More
  • Year Built: 1950
  • New Construction: No
  • Attribution Contact: 718-380-2500
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Entrance Foyer
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 3
  • Basement: None
  • Total Bedrooms: 7
  • Living Area: 3220
  • SquareFootage: 3220.00
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Brick, Frame
  • FloodZoneReportYN: 1

Garage/Parking

  • Total Parking Spaces: 1
  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Private, Attached, 1 Car Attached

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Steam
  • Sewer: Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 1
  • SeparateHotwaterHeaterDetail: Yes

Association/Amenities

  • Community Features: Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 216 George J Ryan

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 20x100
  • Lot Size Sq Ft: 2000
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 06759-0025
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-11-22

Rental Info

  • Lease Considered: No
  • Available Date: 2024-02-16

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 11279
  • Tax Block: 6759
  • Tax Lot: 25
  • Tax Map Number: 06759-0025
  • IncludedInTaxes: Trash

MLS Schools

  • Elementary School: Ps 173 Fresh Meadows
  • High School: Francis Lewis High School
  • Middle School District: Queens 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2023
Closed on
May 28, 2024
Sold by
Gejerman Jenny and Gilburt Jenny
Bought by
Cao Weixin and Lin Yanyun
Seller's Agent
Solomon Davydov
Exit Realty First Choice
Buyer's Agent
Sau Lam Chan
Royalux Realty LLC
List Price
$1,195,000
Sold Price
$1,250,000
Premium/Discount to List
$55,000
4.6%
Views
137
Current Estimated Value
$1,498,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,216
Avg. Annual Appreciation
12.83%
Original Mortgage
$670,000
Outstanding Balance
$661,772
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$836,444
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cao Weixin $1,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cao Weixin $670,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2024 05/28/24 Sold $1,250,000 0.0% $388 / Sq Ft
12/12/2023 12/12/23 Pending -- -- --
11/28/2023 11/28/23 Off Market $1,250,000 -- --
11/21/2023 11/21/23 For Sale $1,195,000 -- $371 / 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 $10,391 $58,868 $14,502 $44,366
2024 $10,496 $55,537 $12,849 $42,688
2023 $10,391 $55,537 $13,893 $41,644
2022 $10,453 $97,740 $23,280 $74,460
2021 $10,284 $90,300 $23,280 $67,020
2020 $9,725 $86,700 $23,280 $63,420
2019 $9,023 $79,920 $23,280 $56,640
2018 $8,775 $46,281 $17,350 $28,931
2017 $8,717 $45,932 $17,455 $28,477
2016 $8,042 $45,932 $17,455 $28,477
2015 $4,787 $40,881 $20,876 $20,005
2014 $4,787 $38,568 $19,579 $18,989
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY3517628

OneKey® MLS

APN: 06759-0025