NOT LISTED FOR SALE

Estimated Value: $1,129,000 - $1,379,000

1 Bed
1.5 Baths
940 Sq Ft
$560/mo HOA Fee

Last Sold March 04, 2021

Last sale price $925,000 $984 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $8,008/month

2,083 Days on Market

Highlights

  • Patio
  • 3-minute walk to Clinton-Washington Avenues (A,C Line)
  • East Facing Home
  • P.S. 11 Purvis J Behan Rated A+
  • Central Air
  • 2-minute walk to Gateway Triangle

About This Home

As of March 2021

Residence 1B:

Welcome to an incredibly laid out, legal 1-bedroom (setup as a two), 1.5-bathroom duplex. Residence 1B is a spacious but well-balanced 940 square foot condo featuring a bi-level, private outdoor space. The apartment is located on the backside of the 1st floor, allowing for an abundance of natural light to come through the oversized windows. An added benefit of being on the backside of the building is the quietness and tranquility.

The apartment features a beautiful kitchen that has a full stainless-steel appliance package: Fisher & Paykel refrigerator, Bertazzoni range and Bosch dishwasher. The cabinets are soft closing, making the kitchen more modern and extra comfortable. The apartment has central heating and cooling, making sure the owner is always comfortable within his or her own space. Beautiful herringbone style, white oak flooring makes up the living space along with a tiled cellar. The first floor of the duplex also includes a coat closet, a bedroom and full bathroom, which features radiant-heated floor and deep-soaking tub.

The cellar (currently being used as a bedroom) has a half-bathroom, laundry room and extra storage space. The entire space is tiled and radiant-heated. Through the cellar, owners have access to the multi-level, private outdoor space. There is something for everyone in this versatile outdoor space. Whether you like to grill, plant your own vegetables and fruits, plant or simply enjoy entertaining, this private oasis is quite impressive.

Building:

531 Vanderbilt Avenue is a well-maintained, boutique condo building. Featuring 18 apartments, this building is clean, quiet and comfortable. Owners also have access to a shared storage space, located in the basement. With very low turnover, units at the building experience high demand.

Neighborhood/Location:

Located at the cross point where Clinton Hill becomes Prospect Heights and Fort Greene is a block way, 531 Vanderbilt Avenue allows owners to reap the benefits of three prime Brooklyn neighborhoods. Vanderbilt Avenue along with Fulton Street is filled with restaurants, local eateries, bars and cafes that make the busy streets feel like a community. Atlantic Avenue gets cyclers, bikers and drivers in and out of the area without a hitch. Just a few blocks south is the beautiful Prospect Park. No where in Brooklyn is there better train access. With the A & C trains around the corner and the 2,3,4,5, B, D, N, R & Q trains a few blocks away at the Atlantic Terminal.

Last Agent to Sell the Property

Noel Borbon

Compass License #10401258856 Listed on: 08/11/2020

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,608

Year Built

  • Built in 2015

Lot Details

  • 3,528

HOA Fees

  • $560 Monthly HOA Fees

Home Design

  • 940 Sq Ft Home
  • Entry on the 1st floor

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Patio
  • East Facing Home
  • Central Air

Community Details

  • Clinton Hill Subdivision
  • 7-Story Property

Listing and Financial Details

  • Legal Lot and Block 6 / 2010

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,608

Year Built

Built in 2015

Lot Details

0

HOA Fees

$560 per month

Listing Details

  • Cross Street: Fulton Street/Atlantic Avenue
  • Exposures: East
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Clinton Hill
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 940.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4
  • Accessibility Features: Wheelchair Access

Beds/Baths

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

Exterior Features

  • Patio/Porch Features: Patio

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 560.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 7
  • Year Built: 2015

Tax Info

  • Tax Block: 2010
  • Tax Lot: 6
  • Tax Annual: 7607.64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2020
Closed on
Mar 4, 2021
Sold by
Beckett Terrance C and Cai Wenhui
Bought by
Mahoor Zahra and Yu Long J
Seller's Agent
Noel Borbon
Compass
List Price
$925,000
Sold Price
$925,000
Current Estimated Value
$1,216,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,586
Avg. Annual Appreciation
5.76%
Original Mortgage
$740,000
Outstanding Balance
$666,365
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$527,134

Purchase Details

Closed on
Nov 27, 2019
Sold by
The Board Of Managers Of The 531 Vander
Bought by
539 Vanderbilt Partners Llc and 550 Clinton Partners Llc

Purchase Details

Closed on
Aug 28, 2017
Sold by
Algier Patrick
Bought by
Beckett Terrance C and Cai Wenhui

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2016
Sold by
Vanderbilt Upreal Llc
Bought by
Algier Patrick and Araujo Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Interest Rate
3.65%
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
Mahoor Zahra $925,000 --
539 Vanderbilt Partners Llc $274,645 --
Beckett Terrance C $880,000 --
Algier Patrick $784,052 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahoor Zahra $740,000
Previous Owner Beckett Terrance C $704,000
Previous Owner Algier Patrick $616,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2021 03/04/21 Sold $925,000 0.0% $984 / Sq Ft
12/23/2020 12/23/20 Pending -- -- --
04/11/2015 04/11/15 For Sale $925,000 -- $984 / 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 $12,273 $111,844 $15,953 $95,891
2024 $12,273 $112,444 $15,953 $96,491
2023 $8,784 $102,323 $15,953 $86,370
2022 $8,364 $96,706 $15,953 $80,753
2021 $7,738 $91,259 $15,953 $75,306
2020 $3,678 $88,129 $15,953 $72,176
2019 $7,393 $83,583 $15,953 $67,630
2018 $10,131 $81,353 $15,953 $65,400
2017 $9,835 $77,322 $15,954 $61,368
2016 $7,033 $54,550 $15,953 $38,597
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10657128

Real Estate Board of New York (REBNY)

APN: 02010-1102