NOT LISTED FOR SALE

981 51st St Unit 3B Brooklyn, NY 11219

Borough Park Neighborhood

Estimated Value: $759,823

2 Beds
1 Bath
740 Sq Ft
2,483 Sq Ft Lot

Sale Details

Date Sold: May 3, 2021

Last sale price $580,000 $784 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,649 / mo

Highlights

  • Wood Flooring
  • Terrace
  • Handicap Accessible
  • P.S. 160 William T Sampson School Rated A-
  • Elevator
  • 3-minute walk to Rappaport Playground

About This Home

As of May 2021

Three(3) Bedrooms Condo at the corner of 10th Ave and 51st St in Prime Sunset Park/Boro Park Neighborhood. This five story building with elevator is built in late 2007 and residents have access to a fabulous roof deck for their enjoyment with 360 degree views of the Brooklyn Skyline. This condo unit features 3 Beds, 1 Bath, an open plan kitchen, lots of closet space, stainless steel appliances, washer & dryer and a terrace. Easy access to public school such as I.S. 220 and P.S. 160 and just steps away from Maimonides Medical Center, D train, B11/B70, parks, restaurant and more. Three (3) years of tax abatement remaining. 740 SF with Monthly Maintenance $328. Annual property tax $1253. Won't Last!

Last Agent to Sell the Property

Jason Zhou

RE/MAX Edge License #10301217017 Listed on: 08/28/2020

RE/MAX Edge

Last Buyer's Agent

Jason Zhou

RE/MAX Edge License #10301217017 Listed on: 08/28/2020

RE/MAX Edge

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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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $548

Year Built

  • Built in 2007

Lot Details

  • 2,483

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 740 Sq Ft Home
  • Wood Flooring

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • Septic System

Additional Features

  • Handicap Accessible
  • Terrace
  • Sprinkler System

Listing and Financial Details

  • Tax Block 5645
  • Property eligible for a tax abatement

Community Details

Overview

  • 11 Units
  • Association Phone (718) 333-9833
  • The Terrace On The Tenth Condos
  • Property managed by Armkey

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$548

Year Built

Built in 2007

Lot Details

2,483 Sq Ft Lot

Listing Details

  • Total Bathrooms: 1.00
  • Baths Total Level1: 1.00
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: 10th Ave
  • Cross Street Name2: 51st St
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Yes
  • Heat Delivery: Baseboard
  • Maintenance Common Fee: 328.00
  • Negotiate Thru: Broker
  • Parking Attributes: None
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window, Dishwasher, Dryer, Elevator, Refrigerator, Stove, Terrace, Washer
  • Fill Sq Ft Total: 740
  • Street Name I D X: 51
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Hardwood
  • Entry Floor: 3
  • Basement Type: Apartment

Exterior Features

  • Exterior Building Type: Semi-Detached
  • Lot Number: 1007

Utilities

  • Air Conditioning Units: 3
  • Heating Fuel: Gas
  • Utilities: Septic, Sewer, Sprinkler System, Water

Condo/Co-op/Association

  • Management Company: Armkey
  • Manager Phone: 718-333-9833
  • Units In Building: 11

Lot Info

  • Building Project Name: The Terrace on The Tenth

Tax Info

  • Tax Abatement: Yes
  • Flip Tax Amount: 548.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2020
Closed on
May 3, 2021
Sold by
Lin Chao Dong and Lin Xiu Fang
Bought by
Seller's Agent
Jason Zhou
RE/MAX Edge
Buyer's Agent
Jason Zhou
RE/MAX Edge
Sold Price
$580,000
Current Estimated Value
$759,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,823
Avg. Annual Appreciation
5.15%
Original Mortgage
$340,000
Outstanding Balance
$300,243
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$459,580

Purchase Details

Closed on
Apr 17, 2008
Sold by
10Th Avenue Holdings Llc
Bought by
Lin Chao D and Lin Xiu F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Borough Park, NY

  • Niccolo Saraceno Real Estate Agent - eXp Realty

    Niccolo Saraceno

    eXp Realty

    (860) 901-1148

    24 Total Sales

    1 in Borough Park

    $2,650,000 Price

    Niccolo Saraceno
     Section Image
  • Danny Chung Real Estate Agent

    Danny Chung

    (866) 968-7198

    96 Total Sales

    1 in Borough Park

    $1,800,000 Price

    Danny Chung
     Section Image
  • Anthony Parascandolo Real Estate Agent - RE/MAX Elite

    Anthony Parascandolo

    Responds Quickly

    RE/MAX Elite

    (347) 952-7649

    51 Total Sales

    2 in Borough Park

    $1,201,000 Price Range

    Anthony Parascandolo
     Section Image
  • Allan Zhu Real Estate Agent - RE/MAX Edge

    Allan Zhu

    Responds Quickly

    RE/MAX Edge

    (833) 369-2730

    102 Total Sales

    1 in Borough Park

    $1,130,000 Price

    Allan Zhu
     Section Image
  • Mitchell Feldman Real Estate Agent

    Mitchell Feldman

    Responds Quickly

    (855) 629-2561

    101 Total Sales

    1 in Borough Park

    $1,800,000 Price

    Mitchell Feldman
     Section Image
  • Kawing Chiu Real Estate Agent - Ashford Homes LLC

    Kawing Chiu

    Ashford Homes LLC

    (844) 251-3656

    105 Total Sales

    3 in Borough Park

    $490K - $572K Price Range

    Kawing Chiu
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
Chen Fen Qiang $580,000 --
Lin Chao D $420,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $340,000
Previous Owner -- $310,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/03/2021 05/03/21 Sold $580,000 -- $784 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,233 $52,595 $7,563 $45,032
2025 $5,001 $47,118 $7,563 $39,555
2024 $5,001 $45,845 $7,563 $38,282
2023 $3,944 $44,739 $7,563 $37,176
2022 $2,879 $38,947 $7,563 $31,384
2021 $1,924 $32,696 $7,563 $25,133
2020 $606 $37,785 $7,563 $30,222
2019 $548 $37,563 $7,563 $30,000
2018 $552 $34,963 $7,562 $27,401
2017 $552 $30,150 $7,562 $22,588
2016 $560 $23,899 $7,563 $16,336
2015 $437 $23,401 $7,562 $15,839
2014 $437 $23,180 $7,563 $15,617
Source: Public Records

Agents Affiliated with this Home

  • Jason Zhou Real Estate Agent - RE/MAX Edge

    Seller's Agent in 2021

    Jason Zhou

    RE/MAX Edge

    (347) 988-5318

    5 in this area

    262 Total Sales

    Jason Zhou
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 443095

Brooklyn Board of REALTORS®

APN: 05645-1007

New York Kings County Brooklyn 11219 Borough Park

981 51st St Unit 3B, Brooklyn, NY

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.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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