NOT LISTED FOR SALE

Somerset Condominium 8385 116th St Unit 5H Richmond Hill, NY 11418

Kew Gardens Neighborhood

Estimated Value: $364,000 - $446,000

1 Bed
1 Bath
742 Sq Ft
1956 Built

Last Sold November 05, 2021

Last sale price $435,000 $586 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,655/month

Highlights

  • Multiple cooling system units
  • P.S. 51 Rated A-
  • Heating System Uses Steam

About This Home

As of November 2021

This pristine 750 square foot one bedroom condo is in mint condition, newly renovated in April 2018. Featuring, an eat in kitchen with top of the line appliances, custom Formica cabinets, quartz countertops with a beautiful backdrop and a water proof porcelain tile floor. The living and dining room feature beautiful solid wood flooring, a high ceiling with spot lights throughout and lots of natural light. Large bedroom with solid wood flooring and custom floor to ceiling closets. This must see condo is in close proximity to all major transportation, shops, restaurants, and minutes away from Forest Park.

Last Agent to Sell the Property

Leon Fruchtzweig

Listed on: 06/22/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,070

Year Built

  • Built in 1956

Home Design

  • 742 Sq Ft Home

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Multiple cooling system units
  • Heating System Uses Steam
  • Gas Available

Listing and Financial Details

  • Tax Block 3321

Community Details

Overview

  • 76 Units
  • Association Phone (212) 560-6460
  • Somerset Condo
  • Property managed by Somerset Condo

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,070

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Total Bathrooms: 1.00
  • Baths Total Level1: 1.00
  • Beds Total Level1: 1
  • Borough: Queens
  • Confirmed By M L S Y N: Yes
  • Cross Street: 116th St
  • Cross Street Name2: 84 Ave
  • Down Payment Required: 10
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Hot Water
  • Maintenance Common Fee: 370.00
  • Negotiate Thru: Broker
  • Parking Attributes: Other
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: A/C Unit, Dishwasher, Microwave, Refrigerator, Stove
  • Rooms Total Level1: 3
  • Fill Sq Ft Total: 742
  • Street Name I D X: 116th
  • Street Number I D X: 8385
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Floor: 6
  • Pets Allowed: Yes
  • Room Count: 4
  • Total Rooms: 3
  • Basement Type: Apartment

Exterior Features

  • Exterior Building Type: Attached
  • Lot Number: 1050

Utilities

  • Air Conditioning Units: 2
  • Utilities: Gas, Heat, Sewer

Condo/Co-op/Association

  • Management Company: Somerset Condo
  • Manager Phone: (212) 560-6460
  • Pets Allowed: Both Cats & Dogs
  • Units In Building: 76

Lot Info

  • Building Project Name: Somerset Condo

Tax Info

  • Tax Abatement: No
  • Flip Tax Amount: 4070.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2021
Closed on
Nov 5, 2021
Sold by
Aminova Yekaterina
Bought by
Tong Bassmond Wing Man and Tong Tennie Yip
Seller's Agent
Leon Fruchtzweig
Sold Price
$435,000
Current Estimated Value
$415,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,031
Avg. Annual Appreciation
-0.93%

Purchase Details

Closed on
Mar 19, 2018
Sold by
Alsofrom Martin and Canino Mary Ann
Bought by
Aminova Yekaterina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2004
Sold by
Alsofrom Martin
Bought by
Alsofrom Martin and Canono Mary Ann
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
Tong Bassmond Wing Man $430,000 --
Tong Bassmond Wing Man $430,000 --
Aminova Yekaterina $330,000 --
Aminova Yekaterina $330,000 --
Alsofrom Martin -- --
Alsofrom Martin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aminova Yekaterina $231,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $435,000 -- $586 / Sq Ft
06/22/2021 06/22/21 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 $4,870 $39,911 $5,201 $34,710
2024 $3,501 $38,952 $5,201 $33,751
2023 $4,644 $37,149 $5,201 $31,948
2022 $4,389 $38,118 $5,201 $32,917
2021 $4,131 $33,679 $5,201 $28,478
2020 $4,070 $38,463 $5,201 $33,262
2019 $3,803 $36,183 $5,201 $30,982
2018 $3,668 $28,838 $5,201 $23,637
2017 $3,363 $26,441 $5,201 $21,240
2016 $3,211 $26,441 $5,201 $21,240
2015 $1,807 $23,664 $5,202 $18,462
2014 $1,807 $23,285 $5,201 $18,084
Source: Public Records

Agents Affiliated with this Home

  • Leon Fruchtzweig

    Seller's Agent in 2021

    Leon Fruchtzweig

    (347) 921-2280

    1 in this area

    13 Total Sales

    Leon Fruchtzweig
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About Somerset Condominium

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 452236

Brooklyn Board of REALTORS®

APN: 03321-1050

New York Queens County Richmond Hill 11418 Kew Gardens

8385 116th St Unit 5H, Richmond Hill, NY

This home is located at 8385 116th St Unit 5H, Richmond Hill, NY 11418 since 22 June 2021 and is currently estimated at $419,675, approximately $565 per square foot. This property was built in 1956. 8385 116th St Unit 5H is a home located in Queens County with nearby schools including P.S. 51, P.S. 56 - Harry Eichler, and M.S.137 America's School of Heroes.

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