4920 7th Ave Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated Value: $1,772,790
--
Bed
--
Bath
5,740
Sq Ft
$309/Sq Ft
Est. Value
About This Home
This home is located at 4920 7th Ave, Brooklyn, NY 11220 and is currently estimated at $1,772,790, approximately $308 per square foot. 4920 7th Ave is a home located in Kings County with nearby schools including P.S. 94 The Henry Longfellow School, IS 220 John J. Pershing, and Leep Dual Language Academy Charter School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 14, 2018
Sold by
Chen Jian Bin and Gao Mei Jin
Bought by
Verge Brothers Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$894,506
Interest Rate
4.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$865,214
Purchase Details
Closed on
Feb 12, 2013
Sold by
Huang Wei Wen and Huang Xiao Yu
Bought by
Chen Jian Bin and Gao Mei Jin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.43%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 14, 2010
Sold by
Huang Kimberly M and Huang Wei Wen
Bought by
Huang Wei Wen and Huang Xiao Yu
Purchase Details
Closed on
Aug 21, 2006
Sold by
Huang Wei Wen and Huang Xiao Yu
Bought by
Huang Kimberly M and Huang Wei Wen
Purchase Details
Closed on
Apr 30, 1998
Sold by
Ortiz Hector
Bought by
Huang Wei Wen and Huang Xiao Yu
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.09%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Verge Brothers Llc | -- | -- | |
| Verge Brothers Llc | -- | -- | |
| Chen Jian Bin | $990,000 | -- | |
| Chen Jian Bin | $990,000 | -- | |
| Huang Wei Wen | -- | -- | |
| Huang Wei Wen | -- | -- | |
| Huang Kimberly M | -- | -- | |
| Huang Kimberly M | -- | -- | |
| Huang Wei Wen | -- | Nations Title Insurance | |
| Huang Wei Wen | -- | Nations Title Insurance |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Verge Brothers Llc | $495,000 | |
| Open | Verge Brothers Llc | $1,000,000 | |
| Closed | Verge Brothers Llc | $1,000,000 | |
| Previous Owner | Chen Jian Bin | $200,000 | |
| Previous Owner | Huang Wei Wen | $120,000 |
Source: Public Records
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $17,457 | $488,250 | $36,000 | $452,250 |
| 2023 | $16,598 | $453,150 | $36,000 | $417,150 |
| 2022 | $15,329 | $459,000 | $36,000 | $423,000 |
| 2021 | $14,231 | $423,450 | $36,000 | $387,450 |
| 2020 | $6,478 | $464,400 | $36,000 | $428,400 |
| 2019 | $13,436 | $412,020 | $36,000 | $376,020 |
| 2018 | $13,238 | $104,083 | $10,913 | $93,170 |
| 2017 | $12,258 | $96,374 | $10,708 | $85,666 |
| 2016 | $11,504 | $89,236 | $12,394 | $76,842 |
| 2015 | $3,215 | $82,626 | $13,771 | $68,855 |
| 2014 | $3,215 | $28,264 | $13,049 | $15,215 |
Source: Public Records