NOT LISTED FOR SALE

68-25 Olcott St Forest Hills, NY 11375

Forest Hills Neighborhood

Estimated Value: $992,000 - $1,318,240

4 Beds
3 Baths
-- Sq Ft
2,600 Sq Ft Lot

Last Sold January 26, 2024

Last sale price $1,070,800

Est. 9% increase in value since last sale

Current estimated payment $7,018/month

29 Days on Market

Highlights

  • Colonial Architecture
  • Property is near public transit
  • Cooling Available
  • Ps 144 Col Jeromus Remsen Rated A
  • 1 Car Detached Garage
  • Park

About This Home

As of January 2024

Impeccably maintained detached legal 2-family residence, currently unoccupied and ideal for either an owner-occupant or investor. The building spans 16 feet in width and 48 feet in length, encompassing a 10-foot legal extension complete with a valid certificate of occupancy. The lot measures 26 feet in width and 100 feet in length. The first floor comprises a spacious living room, a bedroom, a sizable eat-in kitchen, and a full bathroom. On the second floor, you'll find another living room, a bedroom, a large eat-in kitchen, and a full bathroom. This floor is configured as a duplex with two additional bedrooms on the third floor. The entire house is graced with beautiful wood flooring. The basement, finished and carpeted, comes equipped with a full bathroom, laundry & boiler room. There's also a garage, a lovely backyard, and a private driveway. Numerous upgrades have been made, including a new boiler in 2021, electric heat in the basement in 2022, new carpeting on the third floor in 2023, and a new hot water heater in 2017. The first-floor refrigerator was replaced in 2016 and the dishwasher was replaced in 2022. The kitchen, along with new electric service and an electric heater on the second floor, were updated in 2009. Additionally, all concrete, sidewalk, steps, and railings were redone in 2021, and there are no galvanized pipes in the property.

Last Agent to Sell the Property

Mitra Hakimi

Mitra Hakimi Realty Group LLC Brokerage Phone: 718-268-5588 License #49HA1019118 Listed on: 10/18/2023

Co-Listed By

Etan Hakimi

Mitra Hakimi Realty Group LLC Brokerage Phone: 718-268-5588 License #10301204850

Last Buyer's Agent

Mitra Hakimi

Mitra Hakimi Realty Group LLC Brokerage Phone: 718-268-5588 License #49HA1019118 Listed on: 10/18/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,141

Year Built

  • Built in 1925

Lot Details

  • 2,600 Sq Ft Lot
  • Lot Dimensions are 26x100
  • No Common Walls

Parking

  • 1 Car Detached Garage

Home Design

  • Colonial Architecture
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 3-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Location

  • Property is near public transit

Schools

  • Ps 144 Col Jeromus Remsen Elementary School
  • JHS 190 Russell Sage Middle School
  • Queens Metropolitan High School

Utilities

  • Cooling Available
  • Hot Water Heating System

Listing and Financial Details

  • Legal Lot and Block 38 / 3193
  • Assessor Parcel Number 03193-0038

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

$9,141

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Year Built: 1925
  • New Construction: No
  • Attribution Contact: 718-268-5588
  • Co List Office Mls Id: ONEMIHA01
  • Co List Office Phone: 718-268-5588
  • BuildingSize: 16X38
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Oven, Refrigerator, Washer
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Finished, Full
  • Inclusions: A/C Units,Dishwasher,Dryer,Refrigerator,Second Stove,Washer
  • Total Bedrooms: 4
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Frame, Aluminum Siding
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Private, Detached, 1 Car Detached

Utilities

  • Cooling: Yes
  • Heating: Electric, Hot Water
  • Sewer: Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 190 Russell Sage

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Dimensions: 26x100
  • Lot Size Sq Ft: 2600
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 03193-0038
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-10-20

Rental Info

  • Lease Considered: No

Multi Family

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

Tax Info

  • Tax Annual Amount: 9141
  • Tax Block: 3193
  • Tax Lot: 38
  • Tax Map Number: 03193-0038
  • IncludedInTaxes: Trash

MLS Schools

  • Elementary School: Ps 144 Col Jeromus Remsen
  • High School: Queens Metropolitan High School
  • Middle School District: Queens 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Jan 26, 2024
Sold by
Petzold Candy D and Petzold Olaf V
Bought by
Xu Feiyan and Zou Yong
Seller's Agent
Mitra Hakimi
Mitra Hakimi Realty Group LLC
Buyer's Agent
Mitra Hakimi
Mitra Hakimi Realty Group LLC
List Price
$1,150,000
Sold Price
$1,070,800
Premium/Discount to List
-$79,200
-6.89%
Views
80
Current Estimated Value
$1,172,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,510
Avg. Annual Appreciation
5.80%
Original Mortgage
$620,000
Outstanding Balance
$609,649
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$565,505

Purchase Details

Closed on
Feb 2, 2017
Sold by
Petzold Olaf
Bought by
Petzold Candy D and Petzold Olaf V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.15%
Mortgage Type
New Conventional
Source: Public Records

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
Xu Feiyan $1,070,800 --
Xu Feiyan $1,070,800 --
Petzold Candy D -- --
Petzold Candy D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xu Feiyan $620,000
Closed Xu Feiyan $620,000
Previous Owner Petzold Candy D $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2024 01/26/24 Sold $1,070,800 -6.9% --
11/17/2023 11/17/23 Pending -- -- --
10/18/2023 10/18/23 For Sale $1,150,000 -- --
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 $9,267 $48,908 $9,945 $38,963
2024 $9,267 $46,140 $11,241 $34,899
2023 $9,267 $46,140 $10,856 $35,284
2022 $9,142 $67,440 $16,080 $51,360
2021 $9,092 $63,480 $16,080 $47,400
2020 $8,627 $65,400 $16,080 $49,320
2019 $8,043 $58,980 $16,080 $42,900
2018 $7,838 $38,450 $11,591 $26,859
2017 $7,779 $38,161 $15,783 $22,378
2016 $7,197 $38,161 $15,783 $22,378
2015 $4,342 $33,964 $13,922 $20,042
2014 $4,342 $32,042 $14,125 $17,917
Source: Public Records

Agents Affiliated with this Home

  • Mitra Hakimi

    Seller's Agent in 2024

    Mitra Hakimi

    Mitra Hakimi Realty Group LLC

    (718) 544-2812

    15 in this area

    90 Total Sales

    Mitra Hakimi
    Section Image
  • Etan Hakimi

    Seller Co-Listing Agent in 2024

    Etan Hakimi

    Mitra Hakimi Realty Group LLC

    (718) 268-5588

    19 in this area

    242 Total Sales

    Etan Hakimi
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3511376

OneKey® MLS

APN: 03193-0038

New York Queens County Forest Hills 11375 Forest Hills

68-25 Olcott St, Forest Hills, NY

This home is located at 68-25 Olcott St, Forest Hills, NY 11375 since 18 October 2023 and is currently estimated at $1,172,310. This property was built in 1925. 68-25 Olcott St is a home located in Queens County with nearby schools including Ps 144 Col Jeromus Remsen, J.H.S. 190 Russell Sage, and Queens Metropolitan High School.

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