NOT LISTED FOR SALE

7506 16th Ave Unit 1B Brooklyn, NY 11214

Bensonhurst Neighborhood

Estimated Value: $758,807 - $944,000

3 Beds
2 Baths
1,157 Sq Ft
2006 Built

Last Sold October 25, 2021

Last sale price $638,000 $551 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,063/month

Highlights

  • Wood Flooring
  • 4-minute walk to 79 Street (D,M Line)
  • Baseboard Heating
  • P.S. 112 Lefferts Park Elementary School Rated A
  • Handicap Accessible
  • Laundry Facilities

About This Home

As of October 2021

This 1157 SF Three(3) Bedroom Condo comes with 2 full bathrooms and a laundry room is conveniently located in sought-after neighborhood just minutes walking from D train and B4 bus is right at the corner. It is in excellent move-in ready condition: stylish eat-in kitchen is being enclosed with huge windows allow to see through, behind the curtains are windows all over the apartment which allow excessive sunlight and fresh air, a master suite with a private full bathroom and a door to the back yard, additional backyard space for outdoor storage, laundry room with washer/dryer, 3 huge size bedrooms all come with built-in closets and all floor area is on the ground floor.

Last Agent to Sell the Property

Jason Zhou

RE/MAX Edge License #10301217017 Listed on: 02/16/2021

RE/MAX Edge

Last Buyer's Agent

NON MEMBER

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,099

Year Built

  • Built in 2006

Home Design

  • 1,157 Sq Ft Home
  • Entry on the 1st floor

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Septic System

Additional Features

  • Handicap Accessible
  • Sprinkler System

Listing and Financial Details

  • Tax Block 6224

Community Details

Overview

  • 6 Units
  • 7506 16Th Avenue Condo
  • Property managed by Self Manage

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,099

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Total Bathrooms: 2.00
  • Baths Total Level1: 3.00
  • Beds Total Level1: 3
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: Bay Ridge Pkwy
  • Cross Street Name2: 16th Avenue
  • Down Payment Required: 20
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Yes
  • Heat Delivery: Baseboard
  • Maintenance Common Fee: 243.00
  • Negotiate Thru: Broker
  • Parking Attributes: None
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Wall, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
  • Rooms Total Level1: 4
  • Fill Sq Ft Total: 1157
  • Street Name I D X: 16
  • Street Number I D X: 7506
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Ceramic, Hardwood
  • Entry Floor: 1
  • Room Count: 7
  • Total Rooms: 5
  • Basement Type: Apartment

Exterior Features

  • Exterior Building Type: Detached
  • Lot Number: 1005

Utilities

  • Air Conditioning Units: 0
  • Heating Fuel: Gas
  • Utilities: Septic, Sewer, Sprinkler System, Water

Condo/Co-op/Association

  • Management Company: Self Manage
  • Manager Phone: 111-111-1111
  • Pets Allowed: Both Cats & Dogs
  • Units In Building: 6

Lot Info

  • Building Project Name: 7506 16th Avenue Condo

Tax Info

  • Tax Abatement: No
  • Flip Tax Amount: 3099.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2021
Closed on
Oct 25, 2021
Sold by
Lin Mingsheng and Xie Minxiu
Bought by
Weng Jiawei and Weng Yiqian
Seller's Agent
Jason Zhou
RE/MAX Edge
Buyer's Agent
NON MEMBER
Sold Price
$638,000
Current Estimated Value
$832,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,202
Avg. Annual Appreciation
6.90%
Original Mortgage
$350,900
Outstanding Balance
$321,807
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$510,395

Purchase Details

Closed on
May 3, 2017
Sold by
Cheung Lai Yin and Tiu Chi Sin
Bought by
Lin Mingsheng and Xie Minxiu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2013
Sold by
Chin Xiao Ping and Chin Yick Yu
Bought by
Cheung Lai Yin and Tiu Chi Sin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2008
Sold by
Benson Estates Inc
Bought by
Chin Xiao Ping and Chin Yick Yu
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
Weng Jiawei $638,000 --
Lin Mingsheng $657,000 --
Cheung Lai Yin $485,000 --
Chin Xiao Ping $466,440 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weng Jiawei $350,900
Previous Owner Lin Mingsheng $400,000
Previous Owner Cheung Lai Yin $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2021 10/25/21 Sold $638,000 -- $551 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $7,806 $48,200 $11,302 $36,898
2024 $7,806 $44,423 $11,302 $33,121
2023 $7,893 $45,525 $11,302 $34,223
2022 $6,104 $41,970 $11,302 $30,668
2021 $4,723 $36,694 $11,302 $25,392
2020 $1,532 $37,249 $11,302 $25,947
2019 $1,608 $32,388 $11,302 $21,086
2018 $309 $32,709 $10,860 $21,849
2017 $309 $31,535 $11,302 $20,233
2016 $303 $30,418 $11,302 $19,116
2015 -- $30,626 $9,845 $20,781
2014 -- $28,893 $10,946 $17,947
Source: Public Records

Agents Affiliated with this Home

  • Jason Zhou

    Seller's Agent in 2021

    Jason Zhou

    RE/MAX Edge

    (347) 988-5318

    35 in this area

    187 Total Sales

    Jason Zhou
    Section Image

  • N

    Buyer's Agent in 2021

    NON MEMBER

See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 448445

Brooklyn Board of REALTORS®

APN: 06224-1005

New York Kings County Brooklyn 11204 Bensonhurst

7506 16th Ave Unit 1B, Brooklyn, NY

This home is located at 7506 16th Ave Unit 1B, Brooklyn, NY 11214 since 16 February 2021 and is currently estimated at $832,202, approximately $719 per square foot. This property was built in 2006. 7506 16th Ave Unit 1B is a home located in Kings County with nearby schools including P.S. 112 Lefferts Park Elementary School, Junior High School 227 Edward B Shallow, and New Utrecht High School.

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