NOT LISTED FOR SALE

Estimated Value: $869,643 - $973,000

1 Bed
1 Bath
628 Sq Ft
$460/mo HOA Fee

Last Sold October 31, 2023

Last sale price $845,000 $1,346 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,392/month

33 Days on Market

Highlights

  • Balcony
  • 2-minute walk to Union Street
  • South Facing Home
  • P.S. 282 Park Slope Rated A
  • Central Air
  • 4-minute walk to Park Slope Playground

About This Home

As of October 2023

Enjoy a modern Park Slope lifestyle in this sleek 1-bedroom, 1-bathroom condo with a private balcony and chic finishes throughout.

A welcoming foyer with a closet and full bathroom flows into an open plan living room, dining room, and kitchen with an oversized with window with asymmetric muntins. Vibrant southern light spills onto beautiful hardwood floors. The efficient corner kitchen is adorned with sleek white Caesarstone countertops, a tiled backsplash, custom two-tone walnut and white cabinets, and a full suite of Bosch and Fisher & Paykel stainless steel appliances including a dishwasher.

The bedroom sits just off the living room and features a luxurious walk-in closet and a sliding glass wall that opens out onto a lovely balcony perfect for urban gardening and enjoying morning and evening beverages. The bathroom has clean white tile walls, a custom floating walnut vanity, elegant Kohler and Hansgrohe fixtures, and a deep Zuma soaking tub. A stacked washer and dryer set completes the home.

701 Union Street is a boutique condominium nestled in one of the most desirable residential neighborhoods in Brooklyn. The building has an elevator, private storage, a virtual doorman system, a rec room, and a shared rooftop terrace with picturesque city views. It is moments from dozens of exciting restaurants, bars, cafes, and shops and is close to Whole Foods, Park Slope Food Coop, Barclays Center, Boerum Hill, and Prospect Park. The R subway line is a half-block away.

The current assessment of $930 ends in December, 2023.

Last Listed By

Nile Lundgren

Serhant License #10301211346 Listed on: 08/03/2023

Serhant

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,600

Year Built

  • Built in 2013

Lot Details

  • 2,178

HOA Fees

  • $460 Monthly HOA Fees

Home Design

  • 628 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Dishwasher
  • Laundry in unit
  • Balcony
  • South Facing Home
  • Central Air

Community Details

  • 9 Units
  • Park Slope Subdivision
  • 5-Story Property

Listing and Financial Details

  • Legal Lot and Block 7507 / 00952

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,600

Year Built

Built in 2013

Lot Details

0

HOA Fees

$460 per month

Listing Details

  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Park Slope
  • Entry Level: 2
  • Structure Type: None
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Dishwasher
  • Fireplace: No
  • Living Area: 628.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony, Building Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 460.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2374.0
  • Lot Size Dimensions: 0.0 x 95.0

Building Info

  • New Construction: No
  • Units: 9
  • Spa: No
  • Total Stories: 5
  • Year Built: 2013

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00952
  • Tax Lot: 7507
  • Tax Annual: 9600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Oct 31, 2023
Sold by
Donald B. Desander Executor and Estate Of Jing Wang
Bought by
Kurra Shankar and Kurra Suneetha G
Seller's Agent
Nile Lundgren
Serhant
List Price
$795,000
Sold Price
$845,000
Premium/Discount to List
$50,000
6.29%
Total Days on Market
33
Views
481
Current Estimated Value
$907,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,161
Avg. Annual Appreciation
4.95%
Original Mortgage
$633,750
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2017
Sold by
701 Union Street Llc
Bought by
Wang Jing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
3.89%
Mortgage Type
New Conventional

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
Kurra Shankar $845,000 --
Wang Jing $794,235 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kurra Shankar $633,750
Previous Owner Wang Jing $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2023 10/31/23 Sold $845,000 +6.3% $1,346 / Sq Ft
09/07/2023 09/07/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $795,000 -- $1,266 / 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
2024 $10,414 $124,336 $7,742 $116,594
2023 $9,594 $118,561 $7,742 $110,819
2022 $8,860 $116,516 $7,748 $108,768
2021 $8,226 $93,206 $7,748 $85,458
2019 $8,081 $84,332 $7,748 $76,584
2018 $8,150 $64,074 $7,065 $57,009
2017 $7,727 $60,749 $7,748 $53,001
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10932426

Real Estate Board of New York (REBNY)

APN: 00952-1503