NOT LISTED FOR SALE

Estimated Value: $815,000 - $1,181,000

1 Bed
1 Bath
720 Sq Ft
$512/mo HOA Fee

Last Sold May 20, 2019

Last sale price $905,000 $1,257 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,140/month

17 Days on Market

Highlights

  • Rooftop Deck
  • Central Air
  • 4-minute walk to Gantry Plaza State Park
  • P.S./I.S. 78Q Early Childhood Center Rated A
  • Garage

About This Home

As of May 2019

Welcome to the Monarch- the condominium at the heart of Hunters Point, LIC-- steps away from the waterfront Gantry State Park as well as the 7 train, ferry service to Manhattan/ Brooklyn, schools, parks, supermarkets, cafes/ restaurants and the new library! The clean lines of the home begin the moment you step into the wide entryway. The extra spacious living area has tons of natural light from the window with custom Silhouette window shades complemented by large, noise abated windows. The bedroom offers tons of light with corner windows and a large closet space. The kitchen boasts new Bosch stainless steel appliances along with a glass mosaic backsplash and quartz countertops. The XL bathroom has a partial glass enclosure and is lined with porcelain subway tiles with soft, neutral white and grey tones. There is a stackable washer and dryer in the unit for everyday convenience. A fully equipped fitness center, virtual doorman, and bike storage are offered to all residents. This boutique condominium building is at the heart of it all- steps to the beautiful waterfront Gantry State Park, FoodCellar, shops/ restaurants and schools. The 7 train is 2 minutes away and Manhattan and Brooklyn can also be accessed via the East Ferry service. The Monarch has a 421a tax abatement expiring in 2027.

Last Agent to Sell the Property

Andy Dimakopoulos

DGSIR Realty License #10401216227 Listed on: 03/08/2019

Co-Listed By

Kayla Lee

Serhant License #10301221090

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $696

Year Built

  • Built in 2016

HOA Fees

  • $512 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 720 Sq Ft Home
  • Entry on the 4th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Listing and Financial Details

  • Tax Block 29

Community Details

Overview

  • Long Island City Subdivision
  • 6-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$696

Year Built

Built in 2016

Lot Details

0

HOA Fees

$512 per month

Listing Details

  • Cross Street: 48th Avenue/47th Road
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Long Island City
  • Entry Level: 4
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 720.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 512.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 6
  • Year Built: 2016

Tax Info

  • Tax Block: 29
  • Tax Lot: 0
  • Tax Annual: 696.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2019
Closed on
May 20, 2019
Sold by
Krause Jack A and Krause Kia B
Bought by
Jiang Zitian and Yang Yang
Seller's Agent
Andy Dimakopoulos
DGSIR Realty
List Price
$905,000
Sold Price
$905,000
Current Estimated Value
$1,003,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,779
Avg. Annual Appreciation
1.56%
Original Mortgage
$678,750
Outstanding Balance
$596,759
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$407,020

Purchase Details

Closed on
Apr 25, 2017
Sold by
47-05 5Th Street Llc
Bought by
Krause Jack A and Krause Kia B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Jiang Zitian $905,000 --
Krause Jack A $819,816 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jiang Zitian $678,750
Previous Owner Krause Jack A $644,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2019 05/20/19 Sold $905,000 0.0% $1,257 / Sq Ft
03/26/2019 03/26/19 Pending -- -- --
03/08/2019 03/08/19 For Sale $905,000 -- $1,257 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $4,987 $90,950 $15,255 $75,695
2024 $4,987 $88,090 $15,255 $72,835
2023 $2,914 $85,555 $15,255 $70,300
2022 $948 $85,301 $15,255 $70,046
2021 $951 $86,270 $15,255 $71,015
2020 $967 $88,511 $15,255 $73,256
2019 $978 $86,620 $15,255 $71,365
2018 $986 $81,767 $10,911 $70,856
2016 $0 $78,809 $9,231 $69,578
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10529888

Real Estate Board of New York (REBNY)

APN: 00029-1312