NOT LISTED FOR SALE

Estimated Value: $696,522 - $810,000

3 Beds
2.5 Baths
1,408 Sq Ft
$538/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $569,000 $404 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,469/month

51 Days on Market

Highlights

  • Pre War Building
  • Central Air
  • 3-minute walk to Paerdegat Park

About This Home

As of February 2020

A gut-renovated 2-story house nestled on a quiet, tree-lined street in East Flatbush, this beautiful 3-bedroom, 2.5-bathroom home is a portrait of traditional Brooklyn living. Features of this 1,408 sq. ft. home include gorgeous hardwood floors, recessed lighting, brand new sash windows, a charming front lawn, a spacious backyard, a finished basement, a shared driveway, and a private backyard. The home opens directly into a huge, floor-through living room, dining room, and kitchen. The all-white kitchen leads out into the backyard and is equipped with a large eat-in island, sleek white countertops, a mosaic tile backsplash, and a suite of high-end stainless steel appliances. A powder room completes the first level. All three bedrooms sit on the second level of the house. Each has private closet space and shared access to a windowed full bathroom with marble walls and wood-look tile floors. The basement is a completely open space ideal for use as a rec room, office space, or additional storage. It also contains a windowed full bathroom and a massive walk-in closet. The property has Central Air Conditioning and Forced Heat.
586 East 42nd sits a half block from all the restaurants, grocery stores, and shops that line Avenue D, and is around the corner from Paerdegat Park. It is close to several schools, and is a ten minute walk from the 2/5 subway lines.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 2,004

Home Design

  • Pre War Building

Interior Spaces

  • 1,408 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Lot Dimensions are 20.0 x 100.0
  • Central Air

Community Details

  • East Flatbush Subdivision

Listing and Financial Details

  • Legal Lot and Block 19 / 4975

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Cross Street: Avenue D/Foster Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: East Flatbush
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Living Area: 1408.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 2
  • Bedrooms: 3

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Building Cooling, Central Air
  • Cooling: Yes

Lot Info

  • Lot Size Dimensions: 20.0 x 100.0

Building Info

  • Total Stories: 2
  • Year Built: 1930

Tax Info

  • Tax Block: 4975
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2019
Closed on
Feb 21, 2020
Sold by
Jr 4 Holdings Llc
Bought by
Barrera Alexis and Slavis Ivy
List Price
$569,000
Sold Price
$569,000
Current Estimated Value
$757,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,881
Avg. Annual Appreciation
5.01%
Original Mortgage
$612,636
Outstanding Balance
$540,127
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$217,754

Purchase Details

Closed on
Aug 3, 2018
Sold by
John Michael
Bought by
Jr 4 Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,100
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2004
Sold by
Michel Jamil and Michel Josefa
Bought by
John Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,095
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 1997
Sold by
Michel Saint Louis and Michel Jamil
Bought by
Michel Jamil and Michel Josefa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,650
Interest Rate
7.59%
Mortgage Type
Purchase Money Mortgage
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
Barrera Alexis $669,000 --
Barrera Alexis $669,000 --
Barrera Alexis $669,000 --
Jr 4 Holdings Llc $369,000 --
Jr 4 Holdings Llc $369,000 --
Jr 4 Holdings Llc $369,000 --
John Michael $282,000 --
John Michael $282,000 --
Michel Jamil -- Lawyers Title Insurance Corp
Michel Jamil $163,500 Commonwealth Land Title Ins
Michel Jamil -- Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barrera Alexis $612,636
Previous Owner Jr 4 Holdings Llc $402,100
Previous Owner John Michael $277,095
Previous Owner Michel Jamil $155,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2020 02/21/20 Sold $569,000 0.0% $404 / Sq Ft
01/06/2020 01/06/20 Pending -- -- --
11/15/2019 11/15/19 For Sale $569,000 -- $404 / 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 $5,979 $45,360 $12,780 $32,580
2024 $5,979 $43,260 $12,780 $30,480
2023 $5,704 $45,000 $12,780 $32,220
2022 $5,391 $40,140 $12,780 $27,360
2021 $5,362 $39,060 $12,780 $26,280
2020 $2,665 $31,860 $12,780 $19,080
2019 $4,897 $31,860 $12,780 $19,080
2018 $4,473 $23,404 $10,407 $12,997
2017 $4,288 $22,503 $10,844 $11,659
2016 $3,935 $21,232 $11,656 $9,576
2015 $2,341 $21,232 $13,242 $7,990
2014 $2,341 $20,673 $12,372 $8,301
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10599744

Real Estate Board of New York (REBNY)

APN: 04975-0019