NOT LISTED FOR SALE

650 E 38th St Brooklyn, NY 11203

East Flatbush Neighborhood

Estimated Value: $840,707 - $1,272,000

4 Beds
3 Baths
2,595 Sq Ft
$397/Sq Ft Est. Value

Last Sold October 04, 2012

Last sale price $450,000 $173 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $5,994/month

41 Days on Market

Highlights

  • Raised Ranch Architecture
  • Formal Dining Room
  • 4-minute walk to Paerdegat Park
  • Wood Flooring
  • Hot Water Heating System

About This Home

As of October 2012

Clean And Spacious Two Family House, Great Location And Quiet Block. Owner Is Ready To Go.

Last Agent to Sell the Property

Barrington Richards

Fine Choice Realty Inc Brokerage Phone: 718-363-2200 License #31RI1079669 Listed on: 05/01/2012

Last Buyer's Agent

Non Member

NonMember

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,500

Year Built

  • Built in 1955

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20 x 100
  • 1 Common Wall

Parking

  • Shared Driveway

Home Design

  • Raised Ranch Architecture
  • Brick Exterior Construction

Interior Spaces

  • Formal Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Oven

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Dishwasher,Dryer,Washer
  • Legal Lot and Block 38 / 4971
  • Assessor Parcel Number 04971-0038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,500

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Hi Ranch
  • Property SubType: Multi Family
  • Exclusions: Dishwasher,Dryer,Washer
  • Year Built: 1955
  • New Construction: No
  • Attribution Contact: 718-363-2200
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven, Refrigerator
  • Interior Amenities: Formal Dining
  • Living Area Units: Square Feet
  • Flooring: Hardwood, Wall To Wall Carpet
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 3
  • Basement: Finished, Full
  • Inclusions: Refrigerator
  • Total Bedrooms: 4
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Shared Driveway

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Hot Water, Natural Gas
  • Sewer: Sewer
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 20 X 100
  • Lot Size Sq Ft: 2000
  • Parcel Number: 04971-0038
  • Zoning Description: R4
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 3500
  • Tax Block: 4971
  • Tax Lot: 38
  • Tax Map Number: 04971-0038

MLS Schools

  • Middle School District: Brooklyn 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2012
Closed on
Oct 4, 2012
Sold by
Payne Jennie
Bought by
Davis Isaac E and Davis P
Seller's Agent
Barrington Richards
Fine Choice Realty Inc
Buyer's Agent
Non Member
NonMember
List Price
$545,000
Sold Price
$450,000
Premium/Discount to List
-$95,000
-17.43%
Current Estimated Value
$1,030,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$580,677
Avg. Annual Appreciation
6.46%
Original Mortgage
$450,000
Outstanding Balance
$310,269
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$720,408

Purchase Details

Closed on
May 12, 2008
Sold by
Payne Elizabeth and Payne Jennie
Bought by
Payne Jennie

Purchase Details

Closed on
Dec 30, 1998
Sold by
Hastie Deborah
Bought by
Payne Jennie and Payne Elizabeth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Davis Isaac E $450,000 --
Davis Isaac E $450,000 --
Payne Jennie -- --
Payne Jennie -- --
Payne Jennie -- First American Title Ins Co
Payne Jennie -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Isaac E $450,000
Closed Davis Isaac E $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2012 10/04/12 Sold $450,000 -17.4% $173 / Sq Ft
06/12/2012 06/12/12 Pending -- -- --
05/01/2012 05/01/12 For Sale $545,000 -- $210 / 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 $7,132 $62,220 $15,360 $46,860
2024 $7,132 $60,540 $15,360 $45,180
2023 $7,107 $54,840 $15,360 $39,480
2022 $6,734 $51,660 $15,360 $36,300
2021 $6,698 $45,600 $15,360 $30,240
2020 $3,141 $46,260 $15,360 $30,900
2019 $6,190 $36,780 $15,360 $21,420
2018 $5,944 $29,160 $13,119 $16,041
2017 $5,731 $28,112 $14,195 $13,917
2016 $5,302 $26,521 $14,632 $11,889
2015 $2,864 $25,020 $17,040 $7,980
2014 $2,864 $24,660 $17,040 $7,620
Source: Public Records

Agents Affiliated with this Home

  • Barrington Richards

    Seller's Agent in 2012

    Barrington Richards

    Fine Choice Realty Inc

    (917) 690-3444

    3 in this area

    21 Total Sales

    Barrington Richards
    Section Image

  • N

    Buyer's Agent in 2012

    Non Member

    NonMember

See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY2491495

OneKey® MLS

APN: 04971-0038

New York Kings County Brooklyn 11203 East Flatbush

650 E 38th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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