NOT LISTED FOR SALE

61-41 Palmetto St Ridgewood, NY 11385

Ridgewood Neighborhood

Estimated Value: $1,091,694 - $1,404,000

5 Beds
3 Baths
2,200 Sq Ft
$562/Sq Ft Est. Value

Last Sold January 03, 2024

Last sale price $1,175,000 $534 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,447/month

22 Days on Market

Highlights

  • The property is located in a historic district
  • Property is near public transit
  • Main Floor Primary Bedroom
  • Colonial Architecture
  • Wood Flooring
  • Den

About This Home

As of January 2024

This charming two-family brick house is nestled in the heart of Ridgewood, a neighborhood that ranks number 4 for its exceptional blend of food, culture, and community. Situated in the vibrant locale, this property stands as a testament to the area's rich history and offers an enticing opportunity for both comfortable living and investment. As you step into this well-maintained residence, you'll find a spacious layout spread across 12 rooms, 5 Bedrooms, 3 full baths, The original stained glass adorning this 1920's home is a captivating testament o the craftmanship and elegance of a bygone era. These exquisite stained glass pieces are a piece of history that adds character and charm to the property. Also, a finished basement offering ample living space to 2 families or the potential for rental income. The finished basement, complete with a large playroom, Summer kitchen, full bath, adds to the versatility of this home. One of the standout features of this property is the 5 Zone Heatings system with 2 hot water heaters. The backyard provides a serene outdoor oasis, perfect for relaxing or entertaining on warm summer days. Ridgewood's HISTORIC DISTRICT boasts an array of local shops, restaurants, and cultural attractions, making it an ideal place to call home. Don't miss the chance to become part of this dynamic neighborhood and explore all that Ridgewood has to offer from the comfort of this charming and well-appointed property. Roof is 5 years old,

Last Agent to Sell the Property

Frankie Musto

EXIT Realty Premier Brokerage Phone: 516-795-1000 License #10301200788 Listed on: 10/09/2023

EXIT Realty Premier

Last Buyer's Agent

Bryce Kristall

Compass License #10401315261

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,883

Year Built

  • Built in 1920

Lot Details

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

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,200 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Entrance Foyer
  • Den
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Dishwasher
  • Washer

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking

Location

  • Property is near public transit
  • The property is located in a historic district

Schools

  • Is 93 Ridgewood Middle School
  • Grover Cleveland High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 46 / 3612
  • Assessor Parcel Number 03612-0046

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,883

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Year Built: 1920
  • New Construction: No
  • Attribution Contact: 516-795-1000
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Refrigerator, Washer
  • Interior Amenities: Master Downstairs, First Floor Bedroom, Den/Family Room, Entrance Foyer
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: Finished, Full
  • Inclusions: A/C Units,Dishwasher,Refrigerator,Washer
  • Total Bedrooms: 5
  • Living Area: 2200
  • Window Features: Skylight(s)
  • SquareFootage: 2200.00
  • SquareFootageSource: Floor Plan
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: No Garage, On Street

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Sewer: Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • SeparateHotwaterHeaterDetail: 2

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 93 Ridgewood

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Dimensions: 20x100
  • Lot Size Sq Ft: 2000
  • Lot Size Units: Acres
  • Lot Features: Historic District, Near Public Transit
  • Parcel Number: 03612-0046
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-10-10

Rental Info

  • Lease Considered: No
  • Available Date: 2023-12-15

Multi Family

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

Tax Info

  • Tax Annual Amount: 7883
  • Tax Block: 3612
  • Tax Lot: 46
  • Tax Map Number: 03612-0046
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • High School: Grover Cleveland High School
  • Middle School District: Queens 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2023
Closed on
Jan 3, 2024
Sold by
Conlisk Daniel J and Conlisk Deceased
Bought by
Chimishkyan Maria
Seller's Agent
Frankie Musto
EXIT Realty Premier
Buyer's Agent
Bryce Kristall
Compass
List Price
$1,250,000
Sold Price
$1,175,000
Premium/Discount to List
-$75,000
-6%
Views
76
Current Estimated Value
$1,235,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,674
Avg. Annual Appreciation
2.30%
Original Mortgage
$822,500
Outstanding Balance
$810,556
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$406,294

Purchase Details

Closed on
Sep 15, 2004
Sold by
Stark Gary and Stark Marjorie
Bought by
Milewski Mieczyslaw and Pytel Izabela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
5.81%
Source: Public Records

Range of Values:

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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
Chimishkyan Maria $1,175,000 --
Chimishkyan Maria $1,175,000 --
Milewski Mieczyslaw $535,000 --
Milewski Mieczyslaw $535,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chimishkyan Maria $822,500
Closed Chimishkyan Maria $822,500
Previous Owner Milewski Mieczyslaw $81,000
Previous Owner Milewski Mieczyslaw $427,000
Previous Owner Conlisk Daniel $7,560
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2024 01/03/24 Sold $1,175,000 -6.0% $534 / Sq Ft
11/01/2023 11/01/23 Pending -- -- --
10/09/2023 10/09/23 For Sale $1,250,000 -- $568 / 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 $7,232 $42,704 $5,984 $36,720
2024 $8,092 $40,289 $5,802 $34,487
2023 $6,937 $38,816 $5,806 $33,010
2022 $6,520 $62,880 $9,720 $53,160
2021 $7,037 $66,360 $9,720 $56,640
2020 $6,627 $64,620 $9,720 $54,900
2019 $6,128 $56,280 $9,720 $46,560
2018 $5,709 $32,347 $5,598 $26,749
2017 $5,942 $32,347 $7,120 $25,227
2016 $5,624 $32,347 $7,120 $25,227
2015 $3,260 $29,656 $7,294 $22,362
2014 $3,260 $27,979 $8,183 $19,796
Source: Public Records

Agents Affiliated with this Home

  • Frankie Musto

    Seller's Agent in 2024

    Frankie Musto

    EXIT Realty Premier

    (516) 578-1236

    1 in this area

    23 Total Sales

    Frankie Musto
    Section Image

  • B

    Buyer's Agent in 2024

    Bryce Kristall

    Compass

    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3509368

OneKey® MLS

APN: 03612-0046

New York Queens County Ridgewood 11385 Ridgewood

61-41 Palmetto St, Ridgewood, NY

This home is located at 61-41 Palmetto St, Ridgewood, NY 11385 since 09 October 2023 and is currently estimated at $1,235,674, approximately $561 per square foot. This property was built in 1920. 61-41 Palmetto St is a home located in Queens County with nearby schools including P.S. 71 Forest, I.S. 093 Ridgewood, and Grover Cleveland High School.

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