NOT LISTED FOR SALE

727 Prospect Place Unit 2-B Brooklyn, NY 11216

Crown Heights Neighborhood

Estimated Value: $808,974 - $1,068,000

1 Bed
1 Bath
776 Sq Ft
0.69 Acres

Last Sold June 30, 2016

Last sale price $675,000 $870 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,045/month

Highlights

  • City View
  • Balcony
  • North Facing Home
  • Kitchen is in excellent condition
  • Intercom

About This Home

As of November 2022

AVAILABLE 12/1 or 12/15 this bright and airy one bedroom condo offers a spacious open layout, modern fixtures and finishes throughout, a king-sized bedroom, in-unit laundry, and a large ~6x15' private balcony.

The living room has ample space for both living and dining areas, with oversized windows overlooking your private balcony and the backyards of surrounding townhomes beyond. The massive open kitchen features a large island with breakfast bar and a stainless steel Frigidaire appliance suite including 5-burner stove, french-door refrigerator, dishwasher and built-in microwave. The king-sized bedroom has ample space for additional furniture and a large closet. A newly updated bathroom with double-sinks, two more large closets, lovely hardwood floors throughout, an in-unit laundry room with your own washer and dryer, and central heating / cooling make this home the complete package.

Built in 2006, 727 Prospect Place is a boutique 8-unit condominium. The location can't be beat less than two blocks from the lively dining and nightlife scene on Franklin Avenue, including Mayfields, The Barlow, Franklin Park, Chavela's, and Barboncino, AND a few short blocks from the Brooklyn Botanical Gardens, Brooklyn Museum, Prospect Park, the Farmers Market at Grand Army Plaza, and the 2/3/4/5 trains at Franklin Ave. Please note, no pets for tenants.

Last Agent to Rent the Property

Isabel Yerkes

Compass License #10401285779 Listed on: 10/26/2022

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $192

Year Built

  • Built in 2010

Lot Details

  • 0.69

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 776 Sq Ft Home
  • 4-Story Property
  • City Views
  • Intercom
  • Kitchen is in excellent condition

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Balcony
  • North Facing Home
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Crown Heights Subdivision

Listing and Financial Details

  • Property Available on 12/1/22
  • 12-Month Lease Term
  • Legal Lot and Block 71 / 1226

Condo Details

Home Type

Condominium

Est. Annual Taxes

$192

Year Built

Built in 2010

Lot Details

0

Rental Info

  • Lease Type: NonStabilizedLease
  • Lease Months (Max): 12
  • Lease Months (Min): 12
  • Available Date: 2022-12-01

Listing Details

  • Cross Street: Rogers Avenue/Nostrand Avenue
  • Exposures: North
  • Bonus: No
  • Delivered Vacant: Yes
  • SponsorUnitYN: No
  • BuildingRules: BuildingWasherDryerAllowed
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Crown Heights
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Washer Dryer
  • Equipment (Other): Intercom
  • Living Area: 776.0
  • Living Area Units: Square Feet
  • Kitchen Condition: Excellent
  • Floor Number: 2

Beds/Baths

  • Bathrooms Total: 1
  • Full Bathrooms: 1
  • Bedrooms: 1

Exterior Features

  • View: City
  • Exterior Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Wall Units

Condo/Co-op/Association

  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • New Development: No
  • Landmark Status: No
  • Total Stories: 4
  • Year Built: 2010

Tax Info

  • Tax Block: 1226
  • Tax Lot: 71
  • Building Tax Lot: 71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2016
Closed on
Jun 30, 2016
Sold by
Fanuele Alexandra
Bought by
Lin Jessica and Sant Joseph
Seller's Agent
Steve Sallion
Sothebys International Realty
List Price
$675,000
Sold Price
$675,000
Current Estimated Value
$958,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,744
Avg. Annual Appreciation
3.83%
Original Mortgage
$540,000
Outstanding Balance
$432,191
Interest Rate
3.66%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$526,553

Purchase Details

Closed on
Aug 29, 2013
Sold by
Love Valencia
Bought by
Fanuele Alexandra and Wironen Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,026
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2010
Sold by
Prospect Gardens Llc
Bought by
Love Valencia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,055
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
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
Lin Jessica $675,000 --
Fanuele Alexandra $385,000 --
Love Valencia $364,026 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Jessica $540,000
Previous Owner Fanuele Alexandra $378,026
Previous Owner Love Valencia $352,055
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2022 11/01/22 Rented $3,000 0.0% --
10/26/2022 10/26/22 For Rent $3,000 0.0% --
06/30/2016 06/30/16 Sold $675,000 0.0% $881 / Sq Ft View Prior Sale
05/04/2016 05/04/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $675,000 -- $881 / 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 $192 $86,973 $11,156 $75,817
2024 $192 $72,460 $11,156 $61,304
2023 $188 $60,384 $11,156 $49,228
2022 $188 $59,315 $11,156 $48,159
2021 $188 $47,461 $11,156 $36,305
2020 $93 $51,923 $11,156 $40,767
2019 $193 $64,224 $11,156 $53,068
2018 $195 $55,837 $7,760 $48,077
2017 $195 $55,837 $9,154 $46,683
2016 $198 $54,106 $9,778 $44,328
2014 $155 $46,388 $11,078 $35,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10805421

Real Estate Board of New York (REBNY)

APN: 01226-1004