NOT LISTED FOR SALE

8531 56th Ave Elmhurst, NY 11373

Elmhurst Neighborhood

Estimated Value: $1,041,205 - $1,331,000

5 Beds
4 Baths
1,908 Sq Ft
$609/Sq Ft Est. Value

Last Sold December 23, 2019

Last sale price $1,200,000 $629 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,666/month

23 Days on Market

Highlights

  • Wood Flooring
  • Cul-De-Sac
  • Hot Water Heating System
  • Main Floor Primary Bedroom
  • Eat-In Kitchen

About This Home

As of December 2019

2-Story 1,908 sf + Finished Full Basement 954 sf w/ Separated Entrance. Private Parking. Fenced Multi-Purpose Garden. Hardwood Floor Throughout. Entirely Update Recently. Close to Public Transport & Major Highways, Queens Mall, Best Buy, Cosco & Restaurant Hub. Attractive Rental Income w/ Low Property Tax; Meantime, It's Also An Amazing Ready Move-In Home! Location! Location! Location! MUST See..., Additional information: Appearance:Excellent,Interior Features:Lr/Dr

Last Agent to Sell the Property

Alexander Lau

E Realty International Corp Brokerage Phone: 718-886-8110 License #10401311344 Listed on: 08/31/2019

E Realty International Corp

Last Buyer's Agent

Jian 'Kevin' Wang

Winzone Realty Inc License #10401332131

Winzone Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,996

Year Built

  • Built in 1915

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25x100
  • Cul-De-Sac

Home Design

  • Duplex
  • Bi-Level Home
  • Frame Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 4 Full Bathrooms

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Eat-In Kitchen
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,996

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: 718-886-8110
  • CurrentPrice: 1200000.00
  • MlsMajorChangeType: Sold
  • ListPrice_By_OriginalListPrice: 1.00000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen, Master Downstairs
  • Flooring: Hardwood
  • Full Bathrooms: 4
  • Basement: Finished, Full
  • Total Bedrooms: 5
  • Basement YN: No

Exterior Features

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

Utilities

  • Heating: Hot Water, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Dimensions: 25X100
  • Lot Size Sq Ft: 2500
  • Lot Features: Cul-De-Sac
  • Property Attached: No
  • Additional Parcels: No
  • Zoning: R4

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 5996.04

MLS Schools

  • Middle School District: Queens24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2019
Closed on
Dec 23, 2019
Sold by
Moy Bin and Wang Zi Lin
Bought by
Ye Mei Fang and Zhang Lin
Seller's Agent
Alexander Lau
E Realty International Corp
Buyer's Agent
Jian 'Kevin' Wang
Winzone Realty Inc
List Price
$1,350,000
Sold Price
$1,200,000
Premium/Discount to List
-$150,000
-11.11%
Current Estimated Value
$1,161,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,699
Avg. Annual Appreciation
-0.55%
Original Mortgage
$900,000
Outstanding Balance
$793,339
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$367,962

Purchase Details

Closed on
Jan 14, 2016
Sold by
Mileswka Teresa
Bought by
Moy Bin and Wang Zi Lin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2008
Sold by
Kuznia Janusz and Milewska Teresa
Bought by
Milewska Teresa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ye Mei Fang $1,200,000 --
Ye Mei Fang $1,200,000 --
Moy Bin $1,085,000 --
Moy Bin $1,085,000 --
Milewska Teresa -- --
Milewska Teresa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ye Mei Fang $900,000
Closed Ye Mei Fang $900,000
Previous Owner Moy Bin $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2019 12/23/19 Sold $1,200,000 -11.1% $629 / Sq Ft
09/23/2019 09/23/19 Pending -- -- --
08/31/2019 08/31/19 For Sale $1,350,000 -- $708 / 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 $6,908 $35,076 $10,403 $24,673
2024 $6,908 $34,396 $11,347 $23,049
2023 $6,563 $32,674 $9,172 $23,502
2022 $6,179 $64,680 $19,200 $45,480
2021 $6,153 $53,940 $19,200 $34,740
2020 $6,187 $54,960 $19,200 $35,760
2019 $5,996 $57,660 $19,200 $38,460
2018 $5,550 $27,228 $10,336 $16,892
2017 $5,258 $25,795 $10,305 $15,490
2016 $4,561 $25,795 $10,305 $15,490
2015 $2,715 $24,358 $13,361 $10,997
2014 $2,715 $23,886 $15,718 $8,168
Source: Public Records

Agents Affiliated with this Home

  • Alexander Lau

    Seller's Agent in 2019

    Alexander Lau

    E Realty International Corp

    (917) 650-1988

    6 Total Sales

    Alexander Lau
    Section Image

  • J

    Buyer's Agent in 2019

    Jian 'Kevin' Wang

    Winzone Realty Inc

    (718) 899-7000

    3 in this area

    48 Total Sales

    Jian 'Kevin' Wang
    Section Image
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Map

Source: OneKey® MLS

MLS Number: L3160330

OneKey® MLS

APN: 02879-0127

New York Queens County Elmhurst 11373 Elmhurst

8531 56th Ave, Elmhurst, NY

Not Listed for Sale

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