NOT LISTED FOR SALE

Estimated Value: $1,350,000 - $2,031,000

4 Beds
4 Baths
2,001 Sq Ft
$895/Sq Ft Est. Value

Last Sold February 23, 2017

Last sale price $1,425,000 $712 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $10,366/month

97 Days on Market

Highlights

  • Pre War Building
  • Intercom
  • Heating System Uses Natural Gas

About This Home

As of February 2017

Bedford Stuyvesant at its finest! Come and see for yourself, you won't be disappointed. 721A Madison st is a beautiful 2 family BROWNSTONE that was impeccably renovated. This incredible three story home is configured as an owners duplex over a rental unit plus a full finished basement. The parlor floor has an open layout with high ceilings, birch wood floors and exposed brick walls. The kitchen is designed with coffered ceilings, white acrylic cabinets, kitchen island with grey granite counter tops, Frigidaire Gallery appliances and sliding doors leading out to your deck plus private backyard. On this parlor floor, you also have a separate laundry area and a 1/2 bath for your guest. Floating staircase leading upstairs to your SPACIOUS 3 bedrooms. Plenty of natural lighting coming in with the 3 skylights and large windows throughout. The owners suite has exposed brick, spacious closet and its own private bath. On the garden level you have a spacious 1 bedroom rental unit with optional garden space. This rental unit has chocolate shaker kitchen cabinets and modern bath beautifully renovated. There's a separate entrance in the back of the house to the full finished basement that is fully tiled and has a 1/2 bath, perfect for a rec room! This townhouse is near great eateries like The Wilky, Peaches and Saraghina. J/Z Gates ave train station is approximately a 5 min walk. $2,784/yearly taxes, 2001 sq ft of living space and price perfectly at 1.459mil.

Last Agent to Sell the Property

LESLIE DIXON

Serhant License #10301209101 Listed on: 11/18/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,236

Year Built

  • Built in 1899

Lot Details

  • 1,655

Home Design

  • Pre War Building

Interior Spaces

  • 2,001 Sq Ft Home
  • 3-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Lot Dimensions are 16.67 x 40.0
  • Heating System Uses Natural Gas

Community Details

  • Stuyvesant Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 60 / 1642

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,236

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Malcolm X Boulevard/Patchen Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Stuyvesant Heights
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 2001.0
  • Living Area Units: Square Feet
  • Rooms (Total): 8

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Utilities

  • Heating: Building Natural Gas, Natural Gas
  • Heating: Yes

Lot Info

  • Lot Size Dimensions: 16.67 x 40.0

Building Info

  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 1642
  • Tax Lot: 60

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2016
Closed on
Feb 23, 2017
Sold by
I & J Partners Llc
Bought by
Smerd Jeremy and Smerd Jocelyn
Seller's Agent
LESLIE DIXON
Serhant
List Price
$1,425,000
Sold Price
$1,425,000
Current Estimated Value
$1,791,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$366,832
Avg. Annual Appreciation
2.84%
Original Mortgage
$1,068,750
Outstanding Balance
$888,554
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$919,403

Purchase Details

Closed on
Jun 1, 2016
Sold by
721A Madison Llc
Bought by
I & J Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
3.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2014
Sold by
Ming Chen Llc
Bought by
721A Madison Llc

Purchase Details

Closed on
Jun 5, 2013
Sold by
Saunders Rosanna
Bought by
Ming Chen Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2005
Sold by
Patterson Vernita J
Bought by
Saunders Rosanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2000
Sold by
Urban Development Group Llc
Bought by
Patterson Vernita J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,500
Interest Rate
8.1%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 19, 1998
Sold by
New York Holding Corp
Bought by
Urban Development Group Llc

Purchase Details

Closed on
Sep 26, 1996
Sold by
Delta Funding Corp
Bought by
New York Mtg Servicing Corp

Purchase Details

Closed on
Jan 20, 1990
Sold by
New York Mtg Servicing Corp
Bought by
New York Holding Corp
Source: Public Records

Range of Values:

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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
Smerd Jeremy $1,425,000 --
I & J Partners Llc $810,000 --
721A Madison Llc -- --
721A Madison Llc -- --
Ming Chen Llc $350,000 --
Ming Chen Llc $350,000 --
Saunders Rosanna $484,100 --
Saunders Rosanna $484,100 --
Patterson Vernita J $230,000 Fidelity National Title Ins
Patterson Vernita J $230,000 Fidelity National Title Ins
Urban Development Group Llc $165,000 First American Title Ins Co
Urban Development Group Llc $165,000 First American Title Ins Co
New York Mtg Servicing Corp $69,250 Commonwealth Land Title Ins
New York Mtg Servicing Corp $69,250 Commonwealth Land Title Ins
New York Holding Corp $80,000 --
New York Holding Corp $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smerd Jeremy $51,280
Open Smerd Jeremy $1,068,750
Previous Owner I & J Partners Llc $850,000
Previous Owner Ming Chen Llc $350,000
Previous Owner Saunders Rosanna $49,577
Previous Owner Saunders Rosanna $420,000
Previous Owner Patterson Vernita J $343,000
Previous Owner Patterson Vernita J $304,500
Previous Owner Patterson Vernita J $241,300
Previous Owner Patterson Vernita J $228,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2017 02/23/17 Sold $1,425,000 0.0% $712 / Sq Ft
02/23/2017 02/23/17 Pending -- -- --
11/18/2016 11/18/16 For Sale $1,425,000 -- $712 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $7,236 $119,280 $18,000 $101,280
2024 $7,236 $108,480 $18,000 $90,480
2023 $7,071 $107,580 $18,000 $89,580
2022 $6,557 $86,040 $18,000 $68,040
2021 $6,521 $78,960 $18,000 $60,960
2020 $3,240 $91,320 $18,000 $73,320
2019 $6,280 $89,100 $18,000 $71,100
2017 $5,907 $28,976 $7,917 $21,059
2016 $2,847 $14,239 $7,543 $6,696
2015 $1,716 $14,230 $11,313 $2,917
2014 $1,716 $13,436 $9,073 $4,363
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10829634

Real Estate Board of New York (REBNY)

APN: 01642-0059