NOT LISTED FOR SALE

Estimated Value: $1,829,000 - $2,860,000

4 Beds
4 Baths
2,748 Sq Ft
$818/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $2,575,000 $937 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $12,472/month

89 Days on Market

About This Home

As of March 2022

Welcome to 740 Lincoln Place, a tastefully renovated, 20 x 45ft home, in the heart of northern Crown Heights, just a short distance to Prospect Park! This four bedroom, four bath townhouse will take your breath away with soaring 10ft ceilings, preserved original details, and sleek finishes. When you?re ready to catch your breath, step out into your Zen-like backyard oasis framed with custom bamboo planters!

As soon as you enter the 20? wide parlor level, the 45 degree white oak floors with walnut pin striping will immediately draw your attention. The spacious foyer with its own coat closet separates the outside world from the comforts of your interior life. While you pass the stairs, take notice of the original box newel post and wood balusters, revived to keep a note of whimsy and effortlessly blend with the modern touches throughout.

The immense living space will lend itself to a multitude of options for design and layout. Once you have taken in the gravitas of the main living area, you may now let your attention be drawn to the dream kitchen of any cooking enthusiast. Whether you?re entertaining a large gathering, or keeping it simple, you will not lack for the proper prep space or storage. Custom cabinetry and shelving lines every wall and a massive calacatta quartz, waterfall island, is the centerpiece to culinary playground. The kitchen is rounded out by a top of the line Bertazzoni appliance package featuring a 36? French door refrigerator and a 36? six burner gas range, full size dishwasher and wine cooler. Past the kitchen, enjoy a sun soaked dining area giving way to floor to ceiling glass doors leading to your private terrace, which overlooks the tranquil backyard.

On the top level, you will be greeted by a quiet hallway leading to a 200 sq ft primary suite featuring its own private balcony, separate closets, and marble encased en-suite bathroom imaginable. As you make your way to the front of the top floor, you?ll find two more generously proportioned bedrooms capped by soaring ceilings throughout!

This clever layout has given the owner private interior access to the full finished basement that is primed to be used as a home office, theater, gym or play room.

The Garden level rental, with under the stoop access, is a large one bedroom that has a king sized bedroom, full breakfast bar, large living room, washer dryer, as well as backyard access.

This house was fully gut renovated from top to bottom including, new mechanicals, central cooling and heating, Bluetooth speakers throughout, new bathrooms and kitchen, stone paver patio in back yard and built in wood planters and fencing!

Conveniently situated south of Easter Parkway, this location offers a diverse selection of bustling establishments such as Barboncino Pizza, Catfish Cafe, Cent?Anni, Chavel?s, Aita Trattoria, The Crown Inn, and Two Saints to name a few. For grocery, Union Market will soon open on Bedford Ave and Lincoln Place and there is a Key Food on Nostrand. Prospect Park and the Brooklyn Botanic Garden as well as the Brooklyn Museum are all in close proximity. The convenience of this home is further established through all the nearby subway options Nostrand Avenue (2,3,4), Franklin Ave (2,3,4,5) and Botanic Garden (s) trains stations are moments away.

Last Agent to Sell the Property

Daniel Cohen

Corcoran Group License #10401261296 Listed on: 10/07/2021

Corcoran Group

Co-Listed By

Edward Ugrinsky

Corcoran Group License #10401283710

Property Details

Home Type

  • Multi-Family

Lot Details

  • 1,612

Home Design

Interior Spaces

  • 3-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 01261

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Washer Dryer Allowed

Beds/Baths

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

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 3

Tax Info

  • Tax Block: 01261

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Mar 4, 2022
Sold by
382 East 91 Llc
Bought by
Clemons Danielle and Fischer Eric
Seller's Agent
Daniel Cohen
Corcoran Group
List Price
$2,695,000
Sold Price
$2,575,000
Premium/Discount to List
-$120,000
-4.45%
Current Estimated Value
$2,247,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$327,306
Avg. Annual Appreciation
-3.48%
Original Mortgage
$2,060,000
Outstanding Balance
$1,921,202
Interest Rate
3.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$326,492

Purchase Details

Listed on
Aug 5, 2020
Closed on
Nov 17, 2020
Sold by
Hardee Ecynthia
Bought by
382 East 91 Llc
Seller's Agent
Robert Coppolino
RE/MAX Elite
Buyer's Agent
Joseph Madaio
RE/MAX Elite
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
80.74%
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
Clemons Danielle $2,575,000 --
382 East 91 Llc $1,200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clemons Danielle $2,060,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/04/2022 03/04/22 Sold $2,575,000 -4.5% $937 / Sq Ft
10/07/2021 10/07/21 For Sale $2,695,000 +124.6% $981 / Sq Ft
11/19/2020 11/19/20 Sold $1,200,000 -- $437 / Sq Ft View Prior Sale
08/05/2020 08/05/20 Pending -- -- --
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 $8,754 $125,880 $20,340 $105,540
2024 $8,754 $120,360 $20,340 $100,020
2023 $8,851 $147,660 $20,340 $127,320
2022 $6,310 $91,260 $20,340 $70,920
2021 $6,275 $89,640 $20,340 $69,300
2020 $1,810 $88,440 $20,340 $68,100
2019 $1,615 $96,060 $20,340 $75,720
2018 $1,557 $26,541 $5,417 $21,124
2017 $1,758 $26,339 $6,832 $19,507
2016 $1,599 $24,849 $8,702 $16,147
2015 $924 $23,444 $12,327 $11,117
2014 $924 $22,118 $12,483 $9,635
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10758927

Real Estate Board of New York (REBNY)

APN: 01261-0017