NOT LISTED FOR SALE

Estimated Value: $1,127,000 - $1,268,000

-- Bed
-- Bath
-- Sq Ft
2,004 Sq Ft Lot

Last Sold January 10, 2020

Last sale price $983,999

Est. 21% increase in value since last sale

Current estimated payment $7,296/month

86 Days on Market

About This Home

As of January 2020

This 3 family home is located on a quiet block in East Elmhurst, with great access to all major highways, airports, and the 7 train. Built in 1930, this home features many original details, including original wood floors, French doors, and plenty of windows in every room allowing natural lighting throughout the home. The home consists of the owners duplex on the first floor, with 2 one-bedroom units on the second floor. The duplex consists of 2 bedrooms and 2 bathrooms, with a fully renovated kitchen and bathroom, and the option to use the fully finished basement as a 3rd bedroom, in addition to the laundry area.There is a private garage in the back, accessed via a shared driveway.This is a great opportunity to own your own home and keep your rental income rolling in.

Last Agent to Sell the Property

Marc Karavasian

Compass License #10301212889 Listed on: 06/24/2019

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,545

Lot Details

  • 2,004

Home Design

Interior Spaces

  • 4-Story Property

Community Details

  • 3 Units
  • Flushing Subdivision

Listing and Financial Details

  • Legal Lot and Block 38 / 1408

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,545

Lot Details

0

Listing Details

  • Cross Street: 97th Street
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: FLUSHING
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Garage/Parking

  • Garage: No

Building Info

  • Units: 3
  • Total Stories: 4

Tax Info

  • Tax Block: 1408
  • Tax Lot: 38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2019
Closed on
Jan 10, 2020
Sold by
Taitt Tracey Allison
Bought by
Shao Meng Sheng and Yang Zongfang
Seller's Agent
Marc Karavasian
Compass
List Price
$999,999
Sold Price
$983,999
Premium/Discount to List
-$16,000
-1.6%
Current Estimated Value
$1,192,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,986
Avg. Annual Appreciation
3.39%
Original Mortgage
$734,000
Outstanding Balance
$654,342
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$532,525

Purchase Details

Closed on
Apr 3, 2003
Sold by
Taitt Tracey
Bought by
Taitt Tracey Allison
Source: Public Records

Range of Values:

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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
Shao Meng Sheng $984,000 --
Shao Meng Sheng $984,000 --
Taitt Tracey Allison -- --
Taitt Tracey Allison -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shao Meng Sheng $734,000
Closed Shao Meng Sheng $734,000
Previous Owner Taitt Tracey Allison $407,000
Previous Owner Taitt Tracey Allison $20,292
Previous Owner Taitt Tracey Allison $82,779
Previous Owner Allison Taitt Tracey $16,620
Previous Owner Taitt Tracey Allison $66,608
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2020 01/10/20 Sold $983,999 -1.6% --
09/24/2019 09/24/19 Pending -- -- --
06/29/2019 06/29/19 For Sale $999,999 -- --
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 $9,545 $47,921 $8,014 $39,907
2024 $9,545 $47,525 $8,696 $38,829
2023 $9,077 $45,194 $7,489 $37,705
2022 $7,389 $63,960 $9,060 $54,900
2021 $7,352 $59,940 $9,060 $50,880
2020 $7,394 $58,800 $9,060 $49,740
2019 $6,946 $64,740 $9,060 $55,680
2018 $6,361 $32,662 $6,173 $26,489
2017 $5,988 $30,844 $6,487 $24,357
2016 $5,510 $30,844 $6,487 $24,357
2015 $3,290 $29,112 $8,192 $20,920
2014 $3,290 $28,837 $7,739 $21,098
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10581635

Real Estate Board of New York (REBNY)

APN: 01408-0038