NOT LISTED FOR SALE

1068 Burke Ave Bronx, NY 10469

Laconia Neighborhood

Estimated Value: $730,361 - $868,000

5 Beds
2 Baths
1,920 Sq Ft
$415/Sq Ft Est. Value

Last Sold November 04, 2014

Last sale price $475,000 $247 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,809/month

58 Days on Market

Highlights

  • Property is near public transit
  • Porch
  • Cooling System Mounted In Outer Wall Opening
  • Corner Lot
  • 1 Car Attached Garage
  • Patio

About This Home

As of November 2014

Why rent when you can own this two family gem located in the heart of it all. For as little as $1,300 a month, you can own this two family home when you use the rent to supplement the mortgage. The mortgage for this property with taxes and insurance is $2,600. But use rent and that gets cut in HALF!!! This two family home features a 3 bedroom and a 2 bedroom apartment as well as a fully finished basement which is a 1 bed accessory unit with its own entrance. This home has a great back yard which is fully fenced in which is great for kids and entertaining. There is a rear patio and a front covered porch. There is an over sized garage and a driveway for 1 car. Come and see it for yourself. You wont be disappointed.

Last Agent to Sell the Property

Michael Greco

Richard Greco Real Estate Brokerage Phone: 718-518-8588 License #10401261427 Listed on: 06/24/2014

Last Buyer's Agent

Clifton Morrison

JD Morrison Real Estate Corp License #10311205387

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,413

Year Built

  • Built in 1955

Lot Details

  • 2,091 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,920 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 04578-0030

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,413

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story
  • Property SubType: Multi Family
  • Year Built: 1955
  • Attribution Contact: 718-518-8588
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 5
  • Living Area: 1920
  • SquareFootage: 1920.00
  • SquareFootageSource: Other

Exterior Features

  • Construction Materials: Brick
  • Patio and Porch Features: Patio, Porch

Garage/Parking

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

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 1

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdditionalFeesYN: 0

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Dimensions: 0.0480
  • Lot Size Sq Ft: 2091
  • Lot Size Units: Acres
  • Lot Features: Corner Lot, Near Public Transit
  • Parcel Number: 04578-0030
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 1

Tax Info

  • Tax Annual Amount: 4413
  • Tax Map Number: 04578-0030
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: Call Listing Agent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2019
Sold by
Simms Rayan S
Bought by
Simms Muriel and Simms Rayan S
Current Estimated Value
$797,340

Purchase Details

Listed on
Jun 24, 2014
Closed on
Nov 4, 2014
Sold by
Joyce Henry As Co Trustee and Leon Henry Jr As Co Trustee
Bought by
Simms Rayan S
Seller's Agent
Michael Greco
Richard Greco Real Estate
Buyer's Agent
Clifton Morrison
JD Morrison Real Estate Corp
List Price
$549,000
Sold Price
$475,000
Premium/Discount to List
-$74,000
-13.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.77%
Original Mortgage
$466,396
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 1999
Sold by
Henry Retel
Bought by
Retel Henry Living Trust
Source: Public Records

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
Simms Muriel -- --
Simms Muriel -- --
Simms Rayan S $475,000 --
Simms Rayan S $475,000 --
Retel Henry Living Trust -- First American
Retel Henry Living Trust -- First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simms Rayan S $309,085
Closed Simms Muriel $128,934
Previous Owner Simms Rayan S $466,396
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2014 11/04/14 Sold $475,000 -13.5% $247 / Sq Ft
08/22/2014 08/22/14 Pending -- -- --
06/24/2014 06/24/14 For Sale $549,000 -- $286 / 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 $6,938 $35,942 $7,034 $28,908
2024 $6,938 $35,942 $7,248 $28,694
2023 $5,284 $34,906 $7,312 $27,594
2022 $4,789 $44,040 $8,760 $35,280
2021 $6,378 $36,420 $8,760 $27,660
2020 $4,523 $38,040 $8,760 $29,280
2019 $5,973 $36,000 $8,760 $27,240
2017 $5,314 $27,536 $8,609 $18,927
2016 $4,979 $26,457 $7,559 $18,898
2015 $1,128 $24,960 $9,720 $15,240
2014 $1,128 $24,960 $9,720 $15,240
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Michael Greco

    Richard Greco Real Estate

    (718) 518-8588

    6 Total Sales

    Michael Greco
    Section Image

  • C

    Buyer's Agent in 2014

    Clifton Morrison

    JD Morrison Real Estate Corp

    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY4421957

OneKey® MLS

APN: 04578-0030

New York Bronx County Bronx 10469 Laconia

1068 Burke Ave, Bronx, NY

This home is located at 1068 Burke Ave, Bronx, NY 10469 since 24 June 2014 and is currently estimated at $797,340, approximately $415 per square foot. This property was built in 1955. 1068 Burke Ave is a home located in Bronx County with nearby schools including P.S. 76 The Bennington School, Bronx Green Middle School, and Pelham Academy.

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