NOT LISTED FOR SALE

8531 53rd Ave Elmhurst, NY 11373

Elmhurst Neighborhood

Estimated Value: $944,537 - $1,209,000

5 Beds
3 Baths
1,728 Sq Ft
$656/Sq Ft Est. Value

Last Sold December 21, 2021

Last sale price $1,060,000 $613 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,782/month

141 Days on Market

Highlights

  • Property is near public transit
  • 4-minute walk to Grand Avenue-Newtown
  • Hot Water Heating System
  • Formal Dining Room
  • Park

About This Home

As of December 2021

Great 2 family house with Zoning R5. The 1st floor has 2 bedrooms,1 bath apartment with walk through office. The kitchen is updated with stainless steel appliances, granite countertop with skylight, high ceilings throughout; Second floor apartment is a has 3 bedrooms and 1 bath, Bathroom updated with new backsplash and tiles. Wood floors and high ceilings throughout the remainder of the space. Finished basement has two separated entrance., Additional information: Appearance:excellent

Last Agent to Sell the Property

Jamie Zheng

Jamie Realty Group Brokerage Phone: 718-886-0668 License #10491212408 Listed on: 04/02/2021

Last Buyer's Agent

Jamie Zheng

Jamie Realty Group Brokerage Phone: 718-886-0668 License #10491212408 Listed on: 04/02/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,182

Year Built

  • Built in 1915

Lot Details

  • 1,642 Sq Ft Lot
  • Lot Dimensions are 20x82.08

Home Design

  • Duplex
  • Frame Construction

Interior Spaces

  • Formal Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Newtown High School

Utilities

  • Pellet Stove burns compressed wood to generate heat
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Sewer Not Available

Listing and Financial Details

  • Tenant pays for electricity, gas

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,182

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Duplex
  • Levels: Bi-Level
  • Year Built: 1915
  • Attribution Contact: 718-886-0668
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Formal Dining
  • Fireplace Features: Pellet Stove
  • Full Bathrooms: 3
  • Basement: Finished, Full
  • Total Bedrooms: 5
  • Fireplace: No
  • Basement YN: No

Exterior Features

  • Construction Materials: Frame
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage: No
  • Parking Description: None

Utilities

  • Heating: Hot Water, Natural Gas, Oil
  • Sewer: None
  • Water Source: None

Condo/Co-op/Association

  • Association Amenities: Park
  • Senior Community: No
  • Association: No

Lot Info

  • Lot Dimensions: 20x82.08
  • Lot Size Sq Ft: 1642
  • Lot Features: Near Public Transit, Near School, Near Shops
  • Property Attached: No
  • Additional Parcels: No
  • Zoning: R5

Rental Info

  • Lease Considered: No
  • Tenant Pays: Electricity, Gas

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 5182

MLS Schools

  • High School: Newtown High School
  • Middle School District: Queens24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
Dec 17, 2021
Sold by
Ayala Clara
Bought by
Wu Leslie
Seller's Agent
Jamie Zheng
Jamie Realty Group
Buyer's Agent
Jamie Zheng
Jamie Realty Group
List Price
$1,198,000
Sold Price
$1,060,000
Premium/Discount to List
-$138,000
-11.52%
Current Estimated Value
$1,134,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,134
Avg. Annual Appreciation
1.86%
Original Mortgage
$795,000
Outstanding Balance
$734,282
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$399,852

Purchase Details

Closed on
Mar 13, 1998
Sold by
Santos Lilia S and Santos Fe S
Bought by
Ayala Pablo and Ayala Clara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,162
Interest Rate
7.11%
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
Wu Leslie $1,060,000 --
Ayala Pablo $231,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Leslie $795,000
Previous Owner Ayala Clara $50,000
Previous Owner Ayala Clara $5,447
Previous Owner Ayala Clara $6,969
Previous Owner Ayala Clara $50,427
Previous Owner Ayala Pablo $220,162
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2021 12/21/21 Sold $1,060,000 -7.8% $613 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
05/02/2021 05/02/21 Price Changed $1,150,000 -4.0% $666 / Sq Ft
04/01/2021 04/01/21 For Sale $1,198,000 -- $693 / 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 $7,225 $36,977 $9,485 $27,492
2024 $7,225 $35,972 $9,601 $26,371
2023 $6,966 $34,685 $8,693 $25,992
2022 $5,149 $65,220 $17,760 $47,460
2021 $4,861 $66,120 $17,760 $48,360
2020 $4,886 $59,280 $17,760 $41,520
2019 $4,653 $61,920 $17,760 $44,160
2018 $4,304 $22,572 $7,239 $15,333
2017 $4,082 $21,496 $8,210 $13,286
2016 $3,772 $21,496 $8,210 $13,286
2015 $2,226 $20,402 $11,776 $8,626
2014 $2,226 $19,704 $11,433 $8,271
Source: Public Records

Agents Affiliated with this Home

  • Jamie Zheng

    Seller's Agent in 2021

    Jamie Zheng

    Jamie Realty Group

    (718) 309-2982

    6 in this area

    223 Total Sales

    Jamie Zheng
    Section Image

  • K

    Buyer Co-Listing Agent in 2021

    Karina Salfiti

    Jamie Realty Group

    Section Image
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Map

Source: OneKey® MLS

MLS Number: L3299814

OneKey® MLS

APN: 02876-0038

New York Queens County Elmhurst 11373 Elmhurst

8531 53rd Ave, Elmhurst, NY

This home is located at 8531 53rd Ave, Elmhurst, NY 11373 since 02 April 2021 and is currently estimated at $1,134,134, approximately $656 per square foot. This property was built in 1915. 8531 53rd Ave is a home located in Queens County with nearby schools including P.S. 102 Bayview, IS 73 - The Frank Sansivieri School, and Newtown High School.

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