NOT LISTED FOR SALE

Estimated Value: $593,000 - $699,000

7 Beds
2 Baths
1,868 Sq Ft
$341/Sq Ft Est. Value

Last Sold February 11, 2021

Last sale price $495,000 $265 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,898/month

Highlights

  • Property is near public transit
  • 3-minute walk to 225 Street
  • Park
  • Main Floor Bedroom
  • Eat-In Kitchen
  • Level Lot

About This Home

As of February 2021

Detached Legal 2 Family With 3 Bedrooms Over 4 Bedrooms Plus Finished Basement With Separate Entrance. 25x 114 Lot Zoned R6A. Take Virtual Tour Today! BuildingAreaSource: Public Records, ConstructionDescription: Vinyl Siding,

Last Listed By

Justin Braithwaite

Braithwaite Realty LLC Brokerage Phone: 718-938-0562 License #10491209344 Listed on: 07/06/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,783

Year Built

  • Built in 1910

Lot Details

  • 3,049 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Frame Construction
  • Vinyl Siding

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Covered Parking
  • Driveway
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Additional Features

  • Eat-In Kitchen
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 04825-0067

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,783

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Duplex
  • Property SubType: Multi Family
  • Year Built: 1910
  • Attribution Contact: 718-938-0562
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: First Floor Bedroom, Eat-in Kitchen
  • Living Area Units: Square Feet
  • Full Bathrooms: 2
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 7
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame, Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Covered, Driveway, Off Street

Utilities

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

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Features: Level
  • Parcel Number: 04825-0067

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf3Bedrooms: 1
  • NumberOf4Bedrooms: 1

Tax Info

  • Tax Annual Amount: 5783
  • Tax Map Number: 04825-0067

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: City of New York

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2021
Sold by
648 E 224Th Street Llc
Bought by
648 E 224Th St Llc
Total Days on Market
0
Current Estimated Value
$636,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,000
Outstanding Balance
$21,094
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$615,797

Purchase Details

Listed on
Jul 6, 2020
Closed on
Feb 11, 2021
Sold by
Wilmot Owen
Bought by
648 E 224Th Street Llc
Seller's Agent
Justin Braithwaite
Braithwaite Realty LLC
List Price
$500,000
Sold Price
$495,000
Premium/Discount to List
-$5,000
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$475,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2007
Sold by
Wilmot Olive and Wilmot Owen
Bought by
Wilmot Owen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,214
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
648 E 224Th St Llc -- --
648 E 224Th Street Llc $495,000 --
Wilmot Owen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 648 E 224Th St Llc $23,000
Previous Owner 648 E 224Th St Llc $475,000
Previous Owner 648 E 224Th St Llc $125,000
Previous Owner Wilmot Owen $7,306
Previous Owner Wilmot Owen $176,214
Previous Owner Henry Olive $65,000
Previous Owner Wilmot Olive $155,100
Previous Owner Wilmot Owen $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2021 02/11/21 Sold $495,000 0.0% $265 / Sq Ft
07/13/2020 07/13/20 Off Market $495,000 -- --
07/06/2020 07/06/20 For Sale $500,000 -- $268 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
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
2024 $6,213 $30,932 $9,973 $20,959
2023 $5,934 $29,220 $10,279 $18,941
2022 $5,802 $33,420 $11,820 $21,600
2021 $6,010 $28,560 $11,820 $16,740
2020 $5,783 $29,760 $11,820 $17,940
2019 $5,392 $30,480 $11,820 $18,660
2018 $4,964 $24,350 $10,428 $13,922
2017 $4,937 $24,218 $9,580 $14,638
2016 $4,825 $24,134 $9,178 $14,956
2015 $2,756 $22,768 $8,448 $14,320
2014 $2,756 $21,481 $9,573 $11,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6051115

OneKey® MLS

APN: 04825-0067