masterkey logo
50-23 47th Street
Score
50
Flushing, NY

50-23 47th Street

859K
3 bd • 2 ba • sf

This analysis was generated on 3/29/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00

Property Overview

List Price
$859,000
+5%vs 11377
Price/Sq.Ft
$859,000
+127918%vs 11377
Above Fair Value
5.4% above range

Current Price

$859,000

Fair Range

$785,000 - $815,000

$859,000
Below Market-20%
Above Market+20%

Negotiation Leverage

3 points to consider in your offer

Recommended Offer

$785,000
Success Probability:High(75%)

AI Rationale

The offer accounts for necessary repairs and market conditions. The seller's motivation and slow market dynamics support this strategy.

Overall Score
50
53
Home Condition
45
Natural Light
41
Value
58
Location

Visual Insights

AI-analyzed spaces with reimagining capabilities

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$18,500

Kitchen Renovation

$6,000
High

Bathroom Updates

$4,500
High

Basement Cleanout and Debris Removal

$5,000
High

Electrical Panel Enclosure and Upgrade

$3,000
High

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

Aug
2017
$0Cash Purchase
August 21, 2017
From:Ilona Korpai
To:Ilona Korpai Irrevocable Living Trust 8/
Deed
Non-Residential Arm's Length Transactions

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$859,000
-30%List: $859,000+30%
20%
$171,800of $859,000
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $1,000/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$228,965
Closing Costs
+$57,165
Down Payment
$171,800
Buyer Agent Fee
$21,905
Loan Fees
$6,872
Title & Escrow
$5,154
Inspections
$900
Transfer Tax
$9,449
Prepaid Expenses
$12,885

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Buyer Power
Market Speed
0 days
vs 121 day average
This is a new listing, while homes in this area typically sell in 121 days
Inventory Health
159
homes for sale
19 homes sold last month, indicating 8.4x more supply than demand
Price Dynamics
96.4%
of asking price
Homes typically sell for 3.6% below asking price

Price Trajectory

$605,092
Current median price
-16.0%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Market Is strongly cooling
Prices are down 5.7% over the last 3 months
3 Months
-5.7%
6 Months
+15.8%
1 Year
-16.0%

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market increasing 67.0% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$605,092
3 Months Ago
$750,000
19.3%

Schools

Nearby school quality by education level

Elementary

5.0/10
Average

Middle

5.0/10
Average

High

4.0/10
Average

Neighborhood Mobility

How easily you can get around with or without a car

Scores are out of 100. Higher scores indicate better accessibility. Data provided by Walk Score®.

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 3 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Tour Checklist

Key items to inspect during your property tour

Inspect the kitchen ceiling for active leaks or signs of recent repairs related to the water damage.

Thoroughly inspect the basement for signs of water intrusion, including stains, efflorescence, and musty odors.

Examine the exposed electrical panel for any signs of damage, corrosion, or improper wiring. Take photos for further evaluation by a qualified electrician.

Questions to Ask

Important questions to ask during the tour

Can you provide any documentation regarding the source of the water damage on the kitchen ceiling and any repairs that were made?

Has the exposed electrical panel been inspected by a licensed electrician, and are there any outstanding electrical issues or code violations?

Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Join 1,000+ buyers

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow listing.

Free Analysis
AI-Powered Insights
Instant Results