NOT LISTED FOR SALE

Estimated Value: $895,000 - $2,170,000

6 Beds
5 Baths
2,226 Sq Ft
$683/Sq Ft Est. Value

Last Sold August 17, 2018

Last sale price $1,595,000 $717 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $8,170/month

172 Days on Market

About This Home

As of August 2018

MARVEL ON MADISON720 Madison Street isnt your average home. You dont simply attend an open house here, you marvel in its beauty. This two-family home is 2,226 feet of magnificent, purposeful design. Bask in it. The owners triplex is a 4-bed, 4 bath masterpiece, strategically designed so the owner retains exclusive access to the recreation room in the cellar and the garden. Each bedroom is sized to perfection [one is a master with an in-suite bath] features great closets. The parlor level is an enclave with an open floor plan ideal for entertaining. Deeply stained, immaculate flooring guides you through the space with easily allocated living and dining. The kitchen is chef worthy with premium appliances, which are beautifully designed and efficient, and paired with exquisite cabinetry and tile work. Off of the parlor there is an oversized deck that leads you to the south-facing, serene, landscaped and paved garden. It is home chic home. The rental is a 2-bed, 1-bath with a logical floor plan and equally exquisite finishes. Perfectly sized bedrooms are complemented by oversized windows, a skylight, sun-filled common spaces, and the overwhelming potential to be at peace. 720 Madison is centrally located in Bedford Stuyvesant with easy access to reliable train lines, the A and C, and plenty of buses, that will take you downtown and into Manhattan in minutes. Chic shops, art galleries and notable restaurants and bars, are your neighborsensuring you dont have to travel far for amazing entertainment and amenities. BAM, the Barclays Arena, and Atlantic Mall are also short rides away for your enjoyment. If youve been searching for the perfect home, search no more. Find Your Sweet Spot.

Last Agent to Sell the Property

Toni Martin

Corcoran Group License #10301207190 Listed on: 01/26/2018

Corcoran Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Community Details

  • 2 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Tax Block 1647

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Patchen Avenue / Malcolm X Boulevard
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: MultiFamily

Beds/Baths

  • Bathrooms Integer: 5
  • Bedrooms: 6

Building Info

  • Units: 2
  • Year Built: 1905

Tax Info

  • Tax Block: 1647

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2018
Closed on
Aug 17, 2018
Sold by
583 Classon Ave Llc
Bought by
Teng Karen and Wolfendale Matthew
Seller's Agent
Toni Martin
Corcoran Group
List Price
$1,675,000
Sold Price
$1,595,000
Premium/Discount to List
-$80,000
-4.78%
Current Estimated Value
$1,520,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$74,619
Avg. Annual Appreciation
-0.63%
Original Mortgage
$1,280,000
Outstanding Balance
$1,109,311
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$411,070

Purchase Details

Closed on
Aug 30, 2016
Sold by
Johnson Glenn E
Bought by
583 Classon Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 2002
Sold by
Colbico Llc
Bought by
Johnson Gleenn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,200
Interest Rate
7.18%

Purchase Details

Closed on
Dec 11, 2001
Sold by
Desel Realty Corp
Bought by
Colbico Llc

Purchase Details

Closed on
Aug 18, 1998
Sold by
Clarke Letha B and Clark William
Bought by
Freeman Frankie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Teng Karen $1,600,000 --
583 Classon Ave Llc $900,000 --
Johnson Gleenn E -- --
Colbico Llc -- --
Desel Realty Corp -- --
Freeman Frankie $125,000 Stewart Title Insurance Co
Farmer Eleanor $185,000 Stewart Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teng Karen $1,280,000
Previous Owner 583 Classon Ave Llc $645,000
Previous Owner Johnson Gleenn E $251,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2018 08/17/18 Sold $1,595,000 -4.8% $717 / Sq Ft
07/18/2018 07/18/18 Pending -- -- --
01/27/2018 01/27/18 For Sale $1,675,000 -- $752 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $3,108 $88,680 $17,940 $70,740
2024 $3,108 $104,340 $17,940 $86,400
2023 $3,072 $116,460 $17,940 $98,520
2022 $1,079 $99,660 $17,940 $81,720
2021 $2,856 $78,900 $17,940 $60,960
2019 $2,698 $82,800 $17,940 $64,860
2018 $2,598 $12,746 $3,059 $9,687
2017 $2,453 $12,031 $4,553 $7,478
2016 $2,274 $11,373 $4,214 $7,159
2015 $1,149 $11,370 $5,871 $5,499
2014 $1,149 $10,747 $6,657 $4,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10044610

Real Estate Board of New York (REBNY)

APN: 01647-0015

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