NOT LISTED FOR SALE

85-42 116th St Jamaica, NY 11418

Richmond Hill Neighborhood

Estimated Value: $1,129,000 - $1,305,000

6 Beds
2 Baths
3,859 Sq Ft
$317/Sq Ft Est. Value

Last Sold June 29, 2021

Last sale price $840,000 $218 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $7,303/month

19 Days on Market

Highlights

  • 5,467 Sq Ft lot
  • Property is near public transit
  • Detached Garage
  • P.S. 51 Rated A-
  • Main Floor Primary Bedroom
  • Porch

About This Home

As of June 2021

Large Duplex 2 family home "Diamond in the Rough". Features driveway, detached garage, and backyard. Located in desirable Richmond Hill North area just minutes away from beautiful Forest Hills Park., Additional information: Separate Hotwater Heater:No

Last Agent to Sell the Property

Jason Carpentieri

Exit Family Realty Brokerage Phone: 631-450-4777 License #10401345442 Listed on: 03/29/2021

Last Buyer's Agent

Jason Carpentieri

Exit Family Realty Brokerage Phone: 631-450-4777 License #10401345442 Listed on: 03/29/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,020

Year Built

  • Built in 1910

Lot Details

  • 5,467 Sq Ft Lot
  • Lot Dimensions are 54.67x100
  • Private Entrance

Parking

  • Detached Garage

Home Design

  • Duplex
  • Frame Construction
  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Schools

  • Ps 56 Harry Eichler Elementary School
  • Middle School 137 America's School-Heroes
  • Richmond Hill High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Oil

Additional Features

  • 3-Story Property
  • Porch
  • Property is near public transit
  • Unfinished Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 19 / 9223
  • Assessor Parcel Number 09223-0019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,020

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Duplex
  • Levels: Three Or More
  • Year Built: 1910
  • Attribution Contact: 631-450-4777
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Master Downstairs
  • Full Bathrooms: 2
  • Basement: Unfinished
  • Total Bedrooms: 6
  • Fireplace: No
  • Basement YN: No

Exterior Features

  • Construction Materials: Frame, Vinyl Siding
  • Pool Private: No
  • Spa: No
  • Exterior Features: Private Entrance
  • Patio and Porch Features: Porch

Garage/Parking

  • Parking Description: Detached, Private

Utilities

  • Heating: Oil, Steam
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle School: Ms 137 America'S School-Heroes

Lot Info

  • Lot Dimensions: 54.67x100
  • Lot Size Sq Ft: 5467
  • Lot Features: Near Public Transit, Near School, Near Shops
  • Parcel Number: 09223-0019
  • Property Attached: No
  • Additional Parcels: No

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 9020
  • Tax Block: 9223
  • Tax Lot: 19

MLS Schools

  • Elementary School: Ps 56 Harry Eichler
  • High School: Richmond Hill High School
  • Middle School District: Queens 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
Jun 29, 2021
Sold by
Delfino Lorraine
Bought by
Khaimov Alex and Samekhova Miriam
Seller's Agent
Jason Carpentieri
Exit Family Realty
Buyer's Agent
Jason Carpentieri
Exit Family Realty
List Price
$799,000
Sold Price
$840,000
Premium/Discount to List
$41,000
5.13%
Current Estimated Value
$1,224,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$384,742
Avg. Annual Appreciation
9.16%
Original Mortgage
$672,000
Outstanding Balance
$611,056
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$605,970
Source: Public Records

Range of Values:

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Average Value
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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
Khaimov Alex $840,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khaimov Alex $672,000
Closed Khaimov Alex $672,000
Previous Owner Delfino Lorraine N $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2021 06/29/21 Sold $840,000 +5.1% $218 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $799,000 -- $207 / Sq Ft
Source: OneKey® MLS

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 $10,017 $52,813 $13,997 $38,816
2024 $10,017 $49,872 $15,840 $34,032
2023 $10,017 $49,872 $15,012 $34,860
2022 $9,441 $74,760 $21,420 $53,340
2021 $9,521 $64,920 $21,420 $43,500
2020 $9,020 $59,760 $21,420 $38,340
2019 $8,401 $51,180 $21,420 $29,760
2018 $8,174 $41,560 $14,881 $26,679
2017 $7,734 $39,412 $16,690 $22,722
2016 $7,461 $39,412 $16,690 $22,722
2015 $4,265 $36,676 $21,011 $15,665
2014 $4,265 $34,634 $20,161 $14,473
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jason Carpentieri

    Exit Family Realty

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Map

Source: OneKey® MLS

MLS Number: L3298657

OneKey® MLS

APN: 09223-0019

New York Queens County Jamaica 11418 Richmond Hill

85-42 116th St, Jamaica, NY

This home is located at 85-42 116th St, Jamaica, NY 11418 since 29 March 2021 and is currently estimated at $1,224,742, approximately $317 per square foot. This property was built in 1910. 85-42 116th St 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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