NOT LISTED FOR SALE

Estimated Value: $1,619,000 - $2,106,000

3 Beds
3.5 Baths
2,200 Sq Ft
$883/Sq Ft Est. Value

Last Sold July 07, 2021

Last sale price $1,825,000 $830 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $10,658/month

683 Days on Market

Highlights

  • Pre War Building
  • Building Patio
  • Patio

About This Home

As of July 2021

740 Prospect Place is a fully renovated pre-war home that offers a thoughtful combination of high-end finishes and original details, a seamless marriage of past and present. The single-family brick townhome is approximately 2200 square feet and features 3 bedrooms, 3 full bathrooms, 1 powder room and an expansive backyard garden. From hardwood floors to beautifully finished decorative fireplaces and exposed brick, attention to detail abounds in this well-appointed home. As you enter the home, you are greeted by an open concept layout. Stepping into a 45-foot parlor, you realize the breadth of space as the tall ceilings let the light radiate throughout the open floor plan. To the right, a formal living room area with a decorative fireplace offers a great space for entertaining. To the left, a large eat-in kitchen area and thoughtfully designed powder room. In the back, your kitchen features a three-seat island, decorative fireplace, custom cabinetry, and a large casement window looking out to the backyard. With a deep sink and a full complement of stainless steel appliances and pantry, this kitchen offers both functionality and a lovely place to gather. Upstairs you find two bedrooms and two full baths. The elegant master bedroom faces the serene tree-lined street and features two windows and a double closet. The master bath is adorned with marble tiled floors, a tasteful double vanity, and a glass-enclosed rain shower. As you head down the hall, you pass the complementary second bathroom adjacent to the comfortable second bedroom. The private garden suite can be accessed through an interior staircase or via a private entrance at the front of the house. It is perfect for a guest or inlaw suite, currently set up as a studio space with a full bathroom and great storage. Alternatively, this level can become the master suite thus offering separation from the bedrooms upstairs. And finally, the dug-out basement is finished with a concrete floor that can easily be transformed into a gym, playroom, home office, or artist studio. This masterfully reimagined townhouse is located on a beautiful, tree-lined block in the heart of Crown Heights. You are moments away from great establishments such as Mayfield, Chavel's, and Glady's, as well as Prospect Park and the Brooklyn Museum. Nearby public transportation includes the 2/3, 4/5 & A/C trains.

Last Agent to Sell the Property

MaryAnne Farrell

Compass License #10401225676 Listed on: 08/11/2020

Compass

Co-Listed By

Melissa Sheehy

Compass License #10401283909

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,925

Year Built

  • Built in 1935

Lot Details

  • 1,481

Home Design

  • Pre War Building

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Patio
  • Lot Dimensions are 14.0 x 100.0

Community Details

  • Crown Heights Subdivision
  • Building Patio

Listing and Financial Details

  • Legal Lot and Block 21 / 1233

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,925

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Cross Street: Rogers Avenue/Nostrand Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Crown Heights
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Living Area: 2200.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • Patio/Porch Features: Building Patio, Patio

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 14.0 x 100.0

Building Info

  • Total Stories: 2
  • Year Built: 1935

Tax Info

  • Tax Block: 1233
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2020
Closed on
Jul 7, 2021
Sold by
Galotti Katherine
Bought by
Mablekos Elias J and Shatken Jillian
Seller's Agent
MaryAnne Farrell
Compass
List Price
$1,825,000
Sold Price
$1,825,000
Current Estimated Value
$1,941,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,745
Avg. Annual Appreciation
1.45%

Purchase Details

Closed on
Nov 12, 2019
Sold by
Zavodsky Michael
Bought by
Galotti Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$654,544
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2017
Sold by
Johnson Vergenia
Bought by
Zavodsky Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,000
Interest Rate
4.23%
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
Mablekos Elias J $1,825,000 --
Galotti Katherine $1,767,000 --
Zavodsky Michael $880,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galotti Katherine $654,544
Previous Owner Zavodsky Michael $704,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2021 07/07/21 Sold $1,825,000 0.0% $830 / Sq Ft
06/07/2019 06/07/19 For Sale $1,825,000 -- $830 / 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 $5,925 $127,740 $17,520 $110,220
2024 $5,925 $100,920 $17,520 $83,400
2023 $5,991 $123,840 $17,520 $106,320
2022 $5,852 $101,340 $17,520 $83,820
2021 $5,943 $78,240 $17,520 $60,720
2020 $4,471 $74,340 $17,520 $56,820
2019 $3,073 $69,960 $17,520 $52,440
2018 $2,994 $14,688 $5,328 $9,360
2017 $2,663 $14,534 $4,269 $10,265
2016 $2,431 $13,712 $5,440 $8,272
2015 $1,434 $12,938 $5,769 $7,169
2014 $1,434 $12,240 $6,551 $5,689
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10772753

Real Estate Board of New York (REBNY)

APN: 01233-0021