NOT LISTED FOR SALE

1017 Burke Ave Bronx, NY 10469

Laconia Neighborhood

Estimated Value: $765,363 - $976,000

Studio
-- Bath
3,000 Sq Ft
$296/Sq Ft Est. Value

Last Sold April 11, 2014

Last sale price $545,500 $182 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,286/month

69 Days on Market

Highlights

  • Colonial Architecture
  • Skylights
  • Window Unit Cooling System
  • Formal Dining Room
  • 1 Car Attached Garage
  • Hot Water Heating System

About This Home

As of April 2014

Excellent property with pleanty of room for growth and great income potential. A must see and this property is priced to sell with over 3000 SF of Living Area including a finished basement as well as a walkin street level rec room with full bath with great potential. Two 3 Bedroom apartments 4 bathrooms, 1 car garage plus 3 car driveway.

Last Agent to Sell the Property

Richard Greco

Richard Greco Real Estate Brokerage Phone: 718-518-8588 License #35GR0245678 Listed on: 12/17/2013

Last Buyer's Agent

Richard Greco

Richard Greco Real Estate Brokerage Phone: 718-518-8588 License #35GR0245678 Listed on: 12/17/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,481

Year Built

  • Built in 1960

Lot Details

  • 2,482 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 1 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 3,000 Sq Ft Home
  • Skylights
  • Formal Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 04611-0002

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,481

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1960
  • Attribution Contact: 718-518-8588
  • Village: Bronx
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Formal Dining
  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Basement: Finished, Full
  • Living Area: 3000
  • Window Features: Skylight(s)
  • SquareFootage: 3000.00

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Attached, 1 Car Attached

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Sewer: Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdditionalFeesYN: 0

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 0.0574
  • Lot Size Sq Ft: 2482
  • Lot Size Units: Acres
  • Parcel Number: 04611-0002
  • Zoning Description: R5
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 3000
  • Units Total: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 2
  • NumberOf3Bedrooms: 2

Tax Info

  • Tax Annual Amount: 4481
  • Tax Map Number: 04611-0002

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: City of New York

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2013
Closed on
Apr 11, 2014
Sold by
Friedman Enza and Germano Enza
Bought by
Ofori-Ampomah Charles K
Seller's Agent
Richard Greco
Richard Greco Real Estate
Buyer's Agent
Richard Greco
Richard Greco Real Estate
List Price
$550,000
Sold Price
$545,500
Premium/Discount to List
-$4,500
-0.82%
Current Estimated Value
$887,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,341
Avg. Annual Appreciation
4.23%
Original Mortgage
$536,011
Outstanding Balance
$405,039
Interest Rate
4.26%
Mortgage Type
New Conventional
Estimated Equity
$482,802

Purchase Details

Closed on
Aug 13, 2003
Sold by
Enza Germano and Enza Freidman
Bought by
Enza Germano and Enza Freidman

Purchase Details

Closed on
Oct 12, 1996
Sold by
Spadola Rosa
Bought by
Germano Angelo and Germano Enza A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
8.12%

Purchase Details

Closed on
Mar 2, 1994
Sold by
Spadola Carmine
Bought by
Germano Angelo and Germano Enza A
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
Ofori-Ampomah Charles K $545,900 --
Ofori-Ampomah Charles K $545,900 --
Enza Germano -- --
Enza Germano -- --
Germano Angelo -- Uslife Title Insurance Compa
Germano Angelo -- Uslife Title Insurance Compa
Germano Angelo -- First American Title Ins Co
Germano Angelo -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ofori-Ampomah Charles K $536,011
Closed Ofori-Ampomah Charles K $536,011
Previous Owner Germano Angelo $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2014 04/11/14 Sold $545,500 -0.8% $182 / Sq Ft
02/25/2014 02/25/14 Pending -- -- --
12/17/2013 12/17/13 For Sale $550,000 -- $183 / Sq Ft
Source: OneKey® MLS

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 $7,717 $40,124 $7,819 $32,305
2024 $7,717 $39,821 $7,519 $32,302
2023 $7,345 $37,567 $6,930 $30,637
2022 $6,788 $45,840 $9,120 $36,720
2021 $6,734 $40,140 $9,120 $31,020
2020 $6,782 $44,340 $9,120 $35,220
2019 $6,649 $38,340 $9,120 $29,220
2018 $6,084 $31,306 $7,650 $23,656
2017 $5,721 $29,535 $7,821 $21,714
2016 $5,260 $27,864 $7,902 $19,962
2015 $3,141 $27,864 $10,083 $17,781
2014 $3,141 $27,654 $10,007 $17,647
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Richard Greco

    Richard Greco Real Estate

    (646) 584-0900

    12 Total Sales

    Richard Greco
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEYH3336039

OneKey® MLS

APN: 04611-0002

New York Bronx County Bronx 10469 Laconia

1017 Burke Ave, Bronx, NY

Not Listed for Sale

MultiFamily

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