NOT LISTED FOR SALE

Estimated Value: $1,202,000 - $1,353,000

7 Beds
3 Baths
3,630 Sq Ft
$348/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $1,270,000 $350 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $7,527/month

47 Days on Market

About This Home

As of January 2022

Welcome home to 8531 88th St, a unique brick two-family townhouse on a 40 x 100.92FT lot featuring a ton of charm with ample amount of outdoor space including its own private garage and a driveway enough space to fit three (3) cars and more. This approx. 3630SF turnkey house is flawlessly situated on a treelined block conveniently located a short walk to surrounding Forest Park and the J/Z subways on 85th St and Woodhaven Blvd with an ever-expanding choice of restaurants, bars, coffee shops, galleries, shopping, and grocery stores.

This stunning residence has been meticulously renovated and upgraded throughout the years by the owner. Details in the house include coffered high ceilings, decorative fireplace, stained glass, moldings throughout, custom cabinetry & storage and more. Approaching the house, be greeted with a generous porch area definitely for entertaining and relaxing. Enter the foyer, on your right is the entrance for unit #1 which is 3BD/2BA. Embrace spacious open living area blessed with plenty of natural light from the large windows. Adjacent is the three (3) bedrooms including the primary bedroom measuring a grand 14x14?4. The full bath is adorned with marble, a double vanity and glass enclosed shower. The fully featured eat-in full kitchen is complete, made for family dinners and gatherings. It is equipped with high-end stainless steel appliances including dishwasher & wine storage, vented, three sinks, wood cabinets, abundance of counter space, multiple windows and a bay door that leads to the backyard.

Descend to the finished basement which is full height featuring its own full bath. It is already configured as a giant recreation area with laundry, multiple closets, and an electric fireplace. Plenty of space to setup a home office plus convertible bedroom.

Ascend the stairs onto the second floor for unit #2 which is 4BD/2BA, the layout and finishes are similar apart from the primary bedroom here adding a roomy walk-in closet. The top floor has additional living area and massive bedroom with an ensuite bathroom outfitted with a tub. This unit is currently occupied by long term excellent tenants.

This is an incredible opportunity to own an immaculate move-in ready townhouse in an impeccable location. Perfect for the savvy homeowner looking to live-in the owner?s duplex and have an income producing rental!

All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes, or withdrawal without notice. Buyer to verify all information.

Last Agent to Sell the Property

Donald Lai

Corcoran Group License #10301219513 Listed on: 08/31/2021

Corcoran Group

Co-Listed By

Chris Cavorti

Corcoran Group License #10301206385

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1920

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40.00x100.00

Parking

  • Garage

Interior Spaces

  • 3-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling

Community Details

  • 2 Units
  • Woodhaven Subdivision

Listing and Financial Details

  • Legal Lot and Block 0132 / 08863

Townhouse Details

Home Type

Townhome

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property SubType: Townhouse
  • Property Type: Residential
  • Neighborhood: Woodhaven
  • Entry Level: 1
  • Structure Type: Townhouse
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Fireplace: No
  • Living Area Units: Square Feet
  • Rooms (Total): 12
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 7

Exterior Features

  • View: Other
  • View: No
  • Patio/Porch Features: None

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: In Unit
  • Green Building Features: Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 4000.0
  • Lot Size Dimensions: 40.00x100.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 3
  • Year Built: 1920

Tax Info

  • Tax Block: 08863
  • Tax Lot: 0132
  • Tax Annual: 87276.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2021
Closed on
Jan 31, 2022
Sold by
Taveras Flor and Taveras Juan C
Bought by
Mei Huan
Seller's Agent
Donald Lai
Corcoran Group
List Price
$1,300,000
Sold Price
$1,270,000
Premium/Discount to List
-$30,000
-2.31%
Current Estimated Value
$1,263,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,785
Avg. Annual Appreciation
-0.15%
Original Mortgage
$400,000
Outstanding Balance
$373,729
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$889,486
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
Mei Huan $1,270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mei Huan $400,000
Previous Owner Taveras Flor $285,000
Previous Owner Taveras Flor $5,314
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2022 01/31/22 Sold $1,270,000 -2.3% $350 / Sq Ft
10/25/2021 10/25/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $1,300,000 -- $358 / 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 $7,722 $40,754 $11,679 $29,075
2024 $7,722 $38,448 $10,345 $28,103
2023 $7,722 $38,448 $9,677 $28,771
2022 $7,618 $66,540 $20,100 $46,440
2021 $7,280 $55,140 $20,100 $35,040
2020 $6,733 $55,320 $20,100 $35,220
2019 $6,410 $57,660 $20,100 $37,560
2018 $6,234 $32,040 $10,766 $21,274
2017 $6,183 $31,800 $13,799 $18,001
2016 $5,687 $31,800 $13,799 $18,001
2015 $3,852 $28,302 $19,716 $8,586
2014 $3,852 $26,700 $22,320 $4,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10932266

Real Estate Board of New York (REBNY)

APN: 08863-0132