NOT LISTED FOR SALE

87-50 116th St Jamaica, NY 11418

Richmond Hill Neighborhood

Estimated Value: $915,335 - $1,129,000

4 Beds
3 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold December 29, 2020

Last sale price $885,000

Est. 17% increase in value since last sale

Current estimated payment $6,314/month

Highlights

  • Property is near public transit
  • Wood Flooring
  • Victorian Architecture
  • P.S. 51 Rated A-
  • Main Floor Primary Bedroom
  • Porch

About This Home

As of December 2020

Richmond Hill, Detached Victorian, Open Porch, Hardwood Floors. 1st Floor 4 Rooms (vacant). 2nd Floor Duplex, Gas Heat, 40 x 98 Property. Private Driveway, Garage, Near Shopping and Transportation

Last Agent to Sell the Property

Paul Napolitano

Coldwell Banker Napolitano Rlt Brokerage Phone: 718-848-2000 License #31NA0859809 Listed on: 06/25/2020

Coldwell Banker Napolitano Rlt

Last Buyer's Agent

Paul Napolitano

Coldwell Banker Napolitano Rlt Brokerage Phone: 718-848-2000 License #31NA0859809 Listed on: 06/25/2020

Coldwell Banker Napolitano Rlt

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,600

Year Built

  • Built in 1930

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 40 x 98
  • No Common Walls
  • Back Yard Fenced

Parking

  • 1 Car Attached Garage

Home Design

  • Victorian Architecture
  • Frame Construction

Kitchen

  • Eat-In Kitchen
  • Oven

Bedrooms and Bathrooms

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

Schools

  • Ps 51 Elementary School
  • Richmond Hill High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Porch
  • Property is near public transit

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 26 / 9305

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,600

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Victorian
  • Property SubType: Multi Family
  • Property Condition: Good
  • Year Built: 1930
  • New Construction: No
  • Attribution Contact: 718-848-2000
  • BuildingSize: 20 x 33
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven, Refrigerator
  • Interior Amenities: Master Downstairs, First Floor Bedroom, Eat-in Kitchen
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Finished, Full
  • Inclusions: Refrigerator,Second Stove
  • Total Bedrooms: 4
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Frame
  • Fencing: Back Yard, Fenced
  • Patio and Porch Features: Porch
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Private, Attached, 1 Car Attached

Utilities

  • Heating: Natural Gas, Hot Water
  • Sewer: Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 1

Association/Amenities

  • Community Features: Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 40 x 98
  • Lot Size Sq Ft: 3920
  • Lot Size Units: Acres
  • Zoning Description: R4A
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 6600
  • Tax Block: 9305
  • Tax Lot: 26
  • IncludedInTaxes: Trash

MLS Schools

  • Elementary School: Ps 51,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

Closed on
Mar 26, 2024
Sold by
Aguilar Herrera Miguel and Argueta-Garcia Celvin
Bought by
Aguilar Herrera Miguel and Susano Argueta Erin
Current Estimated Value
$1,032,903

Purchase Details

Listed on
Jun 25, 2020
Closed on
Dec 29, 2020
Sold by
Garcia Jaime
Bought by
Argueta Erin Susano and Argueta-Garcia Celvin
Seller's Agent
Paul Napolitano
Coldwell Banker Napolitano Rlt
Buyer's Agent
Paul Napolitano
Coldwell Banker Napolitano Rlt
List Price
$949,000
Sold Price
$885,000
Premium/Discount to List
-$64,000
-6.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.72%
Original Mortgage
$868,970
Outstanding Balance
$779,102
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$222,904

Purchase Details

Closed on
Jul 28, 2003
Sold by
Lin Li Ming and Lin Shang Wen
Bought by
Pacheco Ligorio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,030
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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
Aguilar Herrera Miguel -- --
Aguilar Herrera Miguel -- --
Argueta Erin Susano $885,000 --
Argueta Erin Susano $885,000 --
Pacheco Ligorio $399,000 --
Pacheco Ligorio $399,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Argueta Erin Susano $868,970
Closed Argueta Erin Susano $868,970
Closed Garcia Jaime $92,700
Previous Owner Pacheco Ligorio $387,030
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2020 12/29/20 Sold $885,000 -6.7% --
06/25/2020 06/25/20 Pending -- -- --
06/25/2020 06/25/20 For Sale $949,000 -- --
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 $7,895 $39,606 $10,292 $29,314
2024 $7,895 $39,307 $12,241 $27,066
2023 $7,448 $37,082 $9,819 $27,263
2022 $6,984 $54,660 $14,220 $40,440
2021 $6,946 $50,400 $14,220 $36,180
2020 $6,986 $48,540 $14,220 $34,320
2019 $6,852 $42,960 $14,220 $28,740
2018 $6,299 $30,902 $10,645 $20,257
2017 $5,943 $29,154 $11,632 $17,522
2016 $5,498 $29,154 $11,632 $17,522
2015 $3,317 $27,504 $15,390 $12,114
2014 $3,317 $27,297 $12,982 $14,315
Source: Public Records

Agents Affiliated with this Home

  • Paul Napolitano

    Seller's Agent in 2020

    Paul Napolitano

    Coldwell Banker Napolitano Rlt

    (718) 848-2000

    4 in this area

    69 Total Sales

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Map

Source: OneKey® MLS

MLS Number: KEY3226217

OneKey® MLS

APN: 09305-0026

New York Queens County Jamaica 11418 Richmond Hill

87-50 116th St, Jamaica, NY

This home is located at 87-50 116th St, Jamaica, NY 11418 since 25 June 2020 and is currently estimated at $1,049,584. This property was built in 1930. 87-50 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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