NOT LISTED FOR SALE

881 Rutland Rd Eflatbus, NY 11203

East Flatbush Neighborhood
-- Bed
-- Bath
1,600 Sq Ft
784 Sq Ft Lot

Last Sold December 18, 2019

Last sale price $635,000 $397 Per Sq Ft

178 Days on Market

About This Home

As of December 2019

Douglas Elliman has been retained on an exclusive basis to arrange for the sale of 881 Rutland Rd.

An investment opportunity awaits in the heart of East Flatbush on Rutland Rd near Utica Ave.

Building Type: Mixed-Use

Location: Rutland Rd between Utica Avenue & Remsen Avenue

Lot Dimensions: 20 ft. x 40 ft.

Lot Sq Ft: 800

Buildable Sf Ft: 1944

Levels: 3

Units: 2

Commercial Units: 1Residential Units: 1Zoning: R6, C1-3FAR: 2.43 Building Sq Ft: 1600Building Dimensions:20 ft x 40 ft Current Tax Bill: $2,822Call for Expenses and NOI

Last Agent to Sell the Property

Andrew Gonsalves

Douglas Elliman Real Estate License #10401251217 Listed on: 03/13/2019

Douglas Elliman Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,447

Year Built

  • Built in 1925

Lot Details

  • 784

Interior Spaces

  • 1,600 Sq Ft Home
  • 3-Story Property

Community Details

  • 2 Units
  • Eflatbus Subdivision

Listing and Financial Details

  • Tax Block 4592

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,447

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Cross Street: E 51st St
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: EFLATBUS
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Living Area: 1600.0
  • Living Area Units: Square Feet

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 1925

Tax Info

  • Tax Block: 4592

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2021
Sold by
881 Rutland Llc
Bought by
881 Rutland Rd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Outstanding Balance
$1,176,988
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 13, 2019
Closed on
Dec 18, 2019
Sold by
Wallace Anthea and Wallace Ingrid
Bought by
881 Rutland Llc
Seller's Agent
Andrew Gonsalves
Douglas Elliman Real Estate
List Price
$825,000
Sold Price
$635,000
Premium/Discount to List
-$190,000
-23.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 1998
Sold by
Wallace Pearl
Bought by
Wallace Ingrid and Wallace Browne Anthea
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
881 Rutland Rd Llc $955,000 --
881 Rutland Rd Llc $955,000 --
881 Rutland Llc $635,000 --
881 Rutland Llc $635,000 --
Wallace Ingrid -- --
Wallace Ingrid -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 881 Rutland Rd Llc $1,300,000
Closed 881 Rutland Rd Llc $1,300,000
Previous Owner 881 Rutland Llc $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2019 12/18/19 Sold $635,000 -23.0% $397 / Sq Ft
09/09/2019 09/09/19 Pending -- -- --
03/14/2019 03/14/19 For Sale $825,000 -- $516 / 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 $3,447 $50,340 $7,800 $42,540
2024 $3,447 $44,760 $7,800 $36,960
2023 $3,288 $39,540 $7,800 $31,740
2022 $3,053 $31,020 $7,800 $23,220
2021 $3,038 $27,900 $7,800 $20,100
2020 $2,279 $22,560 $7,800 $14,760
2019 $2,991 $19,620 $7,800 $11,820
2018 $2,750 $13,492 $4,556 $8,936
2017 $2,598 $12,746 $4,615 $8,131
2016 $2,405 $12,031 $5,231 $6,800
2015 $1,231 $12,018 $5,918 $6,100
2014 $1,231 $11,917 $6,148 $5,769
Source: Public Records

Agents Affiliated with this Home

  • Andrew Gonsalves

    Seller's Agent in 2019

    Andrew Gonsalves

    Douglas Elliman Real Estate

    (646) 925-0943

    1 Total Sale

    Andrew Gonsalves
    Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10581632

Real Estate Board of New York (REBNY)

APN: 04592-0028

New York Kings County Brooklyn 11203 East Flatbush

881 Rutland Rd, Brooklyn, NY

This home is located at 881 Rutland Rd, Eflatbus, NY 11203 since 13 March 2019. This property was built in 1925. 881 Rutland Rd is a home located in Kings County with nearby schools including P.S. 398 Walter Weaver, New Heights Middle School, and Kings Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

RLS Data display by Homes.com LLC

Nearby Homes