NOT LISTED FOR SALE

Estimated Value: $874,720 - $980,000

7 Beds
4 Baths
3,540 Sq Ft
$269/Sq Ft Est. Value

Last Sold June 03, 2017

Last sale price $599,000 $169 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $5,661/month

21 Days on Market

Highlights

  • Water Access
  • 2-minute walk to Gun Hill Road (2,5 Line)
  • Hot Water Heating System
  • Property is near public transit
  • Park
  • Fenced

About This Home

As of June 2017

Here's your opportunity to own your very own 4 Family! JUST 2 BLOCKS FROM THE 2 & 5 TRAINS!!! Brick Great Investment Property! Property needs work. Rent can be increased after repairs to $79,800 a year. Current income $6,025 month/ $72,309 yr. Just 2 blocks from the 2 train, near highway, shops, schools, and house of worship. Average mortgage approx $2,200 monthly. Pre-approval needed to view property.

Last Agent to Sell the Property

Barbara Gause

eXp Realty Brokerage Phone: 718-324-6060 License #10301206591 Listed on: 02/14/2017

eXp Realty

Last Buyer's Agent

Barbara Gause

eXp Realty Brokerage Phone: 718-324-6060 License #10301206591 Listed on: 02/14/2017

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,768

Year Built

  • Built in 1915

Lot Details

  • 2,375 Sq Ft Lot
  • No Common Walls
  • Fenced

Parking

  • On-Street Parking

Home Design

  • 3,540 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Oil

Additional Features

  • Water Access
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cooking gas, electricity
  • Assessor Parcel Number 04659-0011

Community Details

Overview

  • 4 Units

Recreation

  • Park

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,768

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1915
  • Attribution Contact: 718-324-6060
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Basement: None
  • Total Bedrooms: 7
  • Living Area: 3540
  • Owner Pays: Insurance
  • SquareFootage: 3540.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick
  • Waterfront Features: Water Access
  • Fencing: Fenced

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None, On Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Hot Water
  • Sewer: Sewer
  • Water Source: Public
  • Hot Water: Electric Stand Alone
  • NumberOfHeatingZones: 1

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 2375.0000
  • Lot Size Sq Ft: 2375
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 04659-0011
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cooking Gas, Electricity

Multi Family

  • Fuel Expense: 5500
  • Units Total: 4
  • Separate Electric Meters: 5
  • Separate Gas Meters: 4
  • NumberOf1Bedrooms: 2
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 1

Tax Info

  • Tax Annual Amount: 5768
  • Tax Map Number: 04659-0011

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: City of New York

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2017
Closed on
May 24, 2017
Sold by
Roberts Thomas
Bought by
Ramchand Seeramchand
Seller's Agent
Barbara Gause
eXp Realty
Buyer's Agent
Barbara Gause
eXp Realty
List Price
$599,000
Sold Price
$599,000
Current Estimated Value
$950,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,930
Avg. Annual Appreciation
5.55%
Original Mortgage
$449,250
Outstanding Balance
$372,784
Interest Rate
4.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$578,146
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
Ramchand Seeramchand $599,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramchand Seeramchand $449,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2017 06/03/17 Sold $599,000 0.0% $169 / Sq Ft
02/13/2017 02/13/17 Pending -- -- --
02/13/2017 02/13/17 For Sale $599,000 -- $169 / 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 $8,147 $70,378 $25,954 $44,424
2024 $8,147 $65,166 $27,153 $38,013
2023 $7,402 $60,340 $30,170 $30,170
2022 $7,383 $200,250 $120,150 $80,100
2021 $0 $160,200 $120,150 $40,050
2020 $6,753 $200,250 $120,150 $80,100
2019 $6,322 $199,800 $120,150 $79,650
2018 $5,904 $46,415 $25,291 $21,124
2017 $5,904 $46,415 $26,999 $19,416
2016 $5,798 $44,974 $28,865 $16,109
2015 $3,379 $41,644 $31,859 $9,785
2014 $3,379 $38,560 $35,380 $3,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4705970

OneKey® MLS

APN: 04659-0011