NOT LISTED FOR SALE

Brooklyn, NY 11230

Midwood Neighborhood

Estimated Value: $401,000 - $605,000

1 Bed
1 Bath
590 Sq Ft
$250/mo HOA Fee

Last Sold May 27, 2021

Last sale price $395,000 $669 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,917/month

Highlights

  • Pre War Building
  • 2-minute walk to Avenue P
  • Laundry Facilities
  • Is 228 David A Boody Rated A-
  • Intercom
  • 5-minute walk to Colonel David Marcus Playground

About This Home

As of May 2021

Great opportunity! Located on a quiet tree-lined street, residence #3J is a desirable and spacious 590 sq ft 1BR 1BA with an efficient layout. This sun-filled apartment with southern exposure has great natural light throughout the day. The separate living room is perfect for entertainment & the eat in kitchens convenience makes this a perfect space to call home. With low common charges and taxes, it's a great starter home or investment property.

1620 East 2nd Street is a pre-war condominium in Midwood's most desirable location. Building has elevator, live-in super and laundry in the building. Steps to restaurants & shopping - mere minutes to transportation (F train & B9 bus). Common charges include heat & hot water

Last Agent to Sell the Property

Kenneth Lee

Modern Spaces License #10401270126 Listed on: 05/04/2021

Modern Spaces

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,500

Year Built

  • Built in 1941

Lot Details

  • South Facing Home

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • 590 Sq Ft Home
  • Pre War Building
  • Entry on the 3rd floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Listing and Financial Details

  • Legal Lot and Block 7501 / 6608

Community Details

Overview

  • Midwood Subdivision
  • 6-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,500

Year Built

Built in 1941

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Cross Street: Avenue O/Avenue P
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midwood
  • Architectural Style: Prewar
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 590.0
  • Living Area Units: Square Feet

Beds/Baths

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

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 250.0
  • 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: 6
  • Year Built: 1941

Tax Info

  • Tax Block: 6608
  • Tax Lot: 7501
  • Tax Annual: 1500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2021
Closed on
May 28, 2021
Sold by
Hor Kin
Bought by
Mei Zhizhao and Zhang Xueling
Seller's Agent
Kenneth Lee
Modern Spaces
List Price
$395,000
Sold Price
$395,000
Current Estimated Value
$461,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,094
Avg. Annual Appreciation
3.41%
Original Mortgage
$230,000
Outstanding Balance
$208,236
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$252,858

Purchase Details

Closed on
Nov 8, 1995
Sold by
Chiu Louis Chao
Bought by
Hor Chuck Hing and Hor Chuen Ngar
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
Mei Zhizhao $389,000 --
Hor Chuck Hing $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mei Zhizhao $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2021 05/27/21 Sold $395,000 0.0% $669 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $395,000 -- $669 / 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 $3,102 $31,871 $3,294 $28,577
2024 $3,102 $29,860 $3,294 $26,566
2023 $2,987 $32,579 $3,294 $29,285
2022 $2,661 $27,428 $3,294 $24,134
2021 $1,445 $19,076 $3,294 $15,782
2020 $1,105 $21,943 $3,294 $18,649
2019 $2,002 $20,747 $3,294 $17,453
2018 $1,863 $19,573 $3,294 $16,279
2017 $1,792 $18,541 $3,293 $15,248
2016 $1,584 $15,976 $3,294 $12,682
2015 $642 $16,171 $3,293 $12,878
2014 $642 $14,607 $3,294 $11,313
Source: Public Records

Agents Affiliated with this Home

  • Kenneth Lee

    Seller's Agent in 2021

    Kenneth Lee

    ModernSpaces

    (917) 882-2279

    1 in this area

    127 Total Sales

    Kenneth Lee
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About This Building

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10715792

Real Estate Board of New York (REBNY)

APN: 06608-1029

New York Kings County Brooklyn 11230

Midwood

Not Listed for Sale

Condos

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