NOT LISTED FOR SALE

Estimated Value: $2,606,000 - $3,178,990

-- Bed
-- Bath
2,352 Sq Ft
$1,280/Sq Ft Est. Value

Last Sold March 31, 2021

Last sale price $2,500,000 $1,063 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $17,044/month

192 Days on Market

Highlights

  • Pre War Building
  • Intercom
  • Patio
  • P.S. 29 John M. Harrigan Rated A
  • Building Patio
  • 5-minute walk to Boerum Playground

About This Home

As of March 2021

A charming two-family townhouse nestled in the trendy neighborhood of Cobble Hill, 12 Butler Street is a prime investment and home ownership opportunity. With a lush backyard and a flexible layout, the home can easily be converted for single-family usage.

Features include gorgeous wide plank hardwood floors, exposed brick walls, classic sash windows, decorative fireplaces, a lovely redbrick facade with an arched doorway and traditional cast iron detailing, a luminous owner's triplex, and an income-producing rental unit that can be delivered vacant or with a tenant in place.

The main level of the 4-bedroom, 2.5-bathroom triplex contains a powder room, a formal living room, and an open-concept dining room and kitchen. The dining area has an elegant decorative fireplace with marble surround, and the kitchen has high-end stainless steel appliances and is ideal for a mobile island.

The upper and lower levels of the triplex each have a pair of spacious bedrooms with private closet space and easy access to pristine full bathrooms. A laundry closet and an elegant spiral staircase with convenient wall niches complete the unit.

The garden level rental studio boasts a large bathroom, a washer/dryer, a galley-style kitchen with granite countertops and stainless steel appliances, and a huge living, dining, and sleeping area that has a decorative fireplace and leads out into a private patio and garden.

12 Butler Street sits on a picturesque tree-lined lane in Cobble Hill. It is situated between the neighborhood's main pedestrian strips of Smith and Court Streets and is just steps from dozens of restaurants, bars, cafes, and shops. It is close to Boerum and Carroll Parks, and is around the corner from the F and G subway lines.

Last Agent to Sell the Property

Sonia Brown

Corcoran Group License #10401272984 Listed on: 07/31/2020

Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,153

Year Built

  • Built in 1910

Lot Details

  • 1,525

Home Design

  • Pre War Building

Interior Spaces

  • 2,352 Sq Ft Home
  • 3-Story Property
  • Intercom

Additional Features

  • Patio
  • Lot Dimensions are 14.0 x 79.42

Community Details

  • Boerum Hill Subdivision
  • Building Patio

Listing and Financial Details

  • Legal Lot and Block 12 / 408

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,153

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Cross Street: Smith Street/Court Street
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Boerum Hill
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 2352.0
  • Living Area Units: Square Feet

Exterior Features

  • Patio/Porch Features: Building Patio, Patio

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 14.0 x 79.42

Building Info

  • Total Stories: 3
  • Year Built: 1910

Tax Info

  • Tax Block: 408
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Mar 31, 2021
Sold by
Manley Graham
Bought by
Entchev Ivo and Viola Paula
Seller's Agent
Sonia Brown
Corcoran Group
List Price
$2,500,000
Sold Price
$2,500,000
Current Estimated Value
$3,011,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$511,248
Avg. Annual Appreciation
4.31%
Original Mortgage
$503,067
Outstanding Balance
$455,192
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,556,057

Purchase Details

Closed on
Jun 5, 2014
Sold by
Appel Susan W
Bought by
Manley Graham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,000
Interest Rate
4.33%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Entchev Ivo $2,500,000 --
Manley Graham $1,937,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Entchev Ivo $503,067
Previous Owner Manley Graham $650,000
Previous Owner Manley Graham $1,550,000
Previous Owner Appel Edward F $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2021 03/31/21 Sold $2,500,000 0.0% $1,063 / Sq Ft
02/11/2021 02/11/21 Pending -- -- --
01/29/2021 01/29/21 Off Market $2,500,000 -- --
08/03/2020 08/03/20 For Sale $2,500,000 -- $1,063 / 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 $9,153 $224,460 $26,940 $197,520
2024 $9,153 $177,300 $26,940 $150,360
2023 $8,732 $169,320 $26,940 $142,380
2022 $8,154 $153,960 $26,940 $127,020
2021 $8,143 $168,840 $26,940 $141,900
2020 $4,048 $150,780 $26,940 $123,840
2019 $7,944 $165,180 $26,940 $138,240
2018 $7,304 $35,830 $4,938 $30,892
2017 $6,939 $34,038 $6,590 $27,448
2016 $6,446 $32,246 $5,900 $26,346
2015 -- $32,246 $8,496 $23,750
2014 -- $31,648 $10,008 $21,640
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10654305

Real Estate Board of New York (REBNY)

APN: 00408-0012