NOT LISTED FOR SALE

1231 Elder Ave Bronx, NY 10472

Parkchester Neighborhood

Estimated Value: $934,000 - $1,005,700

6 Beds
4 Baths
2,680 Sq Ft
$359/Sq Ft Est. Value

Last Sold August 25, 2015

Last sale price $537,000 $200 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $5,818/month

101 Days on Market

Highlights

  • Window Unit Cooling System
  • Hot Water Heating System
  • 1-minute walk to Elder Avenue

About This Home

As of August 2015

Fully Renovated 2 Family Detached Brick House located Very Close to the 6 Train, Elder Ave Station. It features a 3 Bedroom Apt over a 3 Bedroom Apt and a Finished Basement. Brand New Hardwood Flooring All Throughout, Gorgeous Kitchens with Stainless Steel Appliances and Granite Counter-tops, and Newly Fully Renovated Bathrooms. Great Income Potential! Convenient to all.

Last Agent to Sell the Property

Cheng Lee

RE/MAX Top Brokerage Phone: 718-684-5228 License #10311203626 Listed on: 02/16/2015

RE/MAX Top

Last Buyer's Agent

Cheng Lee

RE/MAX Top Brokerage Phone: 718-684-5228 License #10311203626 Listed on: 02/16/2015

RE/MAX Top

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,455

Year Built

  • Built in 1935

Lot Details

  • 2,500 Sq Ft Lot
  • No Common Walls

Parking

  • Driveway

Home Design

  • 2,680 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Utilities

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

Additional Features

  • Finished Basement

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 03772-0057

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,455

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1935
  • Attribution Contact: 718-684-5228
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Basement: Finished
  • Total Bedrooms: 6
  • Living Area: 2680
  • SquareFootage: 2680.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Dimensions: 0.0574
  • Lot Size Sq Ft: 2500
  • Lot Size Units: Acres
  • Parcel Number: 03772-0057
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

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

Tax Info

  • Tax Annual Amount: 4455
  • Tax Map Number: 03772-0057

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

Listed on
Feb 16, 2015
Closed on
Aug 25, 2015
Sold by
Farm Development Llc
Bought by
Yang Feng
Seller's Agent
Cheng Lee
RE/MAX Top
Buyer's Agent
Cheng Lee
RE/MAX Top
List Price
$529,000
Sold Price
$537,000
Premium/Discount to List
$8,000
1.51%
Current Estimated Value
$960,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$423,925
Avg. Annual Appreciation
5.82%
Original Mortgage
$268,500
Outstanding Balance
$211,682
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$735,290

Purchase Details

Closed on
Nov 10, 2014
Sold by
Pena Christian A
Bought by
Farm Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2006
Sold by
Romero Ramona L
Bought by
Pena Christian A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 22, 2003
Sold by
Martinez Carmen and Martinez Francisco
Bought by
Romero Ramona L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,500
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 1999
Sold by
Hernandez Jose and Aguero Hamlet
Bought by
Martinez Francisco and Martinez Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
7.84%

Purchase Details

Closed on
Jan 30, 1997
Sold by
Alers Isidra
Bought by
Hernandez Jose and Aguero Hamlet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
7.5%
Source: Public Records

Range of Values:

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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
Yang Feng $537,000 --
Farm Development Llc $162,000 --
Pena Christian A $525,000 --
Romero Ramona L $330,000 --
Martinez Francisco $260,000 The Judicial Title Ins Agenc
Hernandez Jose $180,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Feng $268,500
Previous Owner Farm Development Llc $170,000
Previous Owner Pena Christian A $525,000
Previous Owner Romero Ramona L $408,000
Previous Owner Romero Ramona L $280,500
Previous Owner Martinez Francisco $230,000
Previous Owner Hernandez Jose $171,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2015 08/25/15 Sold $537,000 +1.5% $200 / Sq Ft
05/29/2015 05/29/15 Pending -- -- --
02/16/2015 02/16/15 For Sale $529,000 -- $197 / 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 $7,110 $35,758 $5,930 $29,828
2024 $7,110 $35,399 $6,526 $28,873
2023 $6,789 $33,430 $6,082 $27,348
2022 $6,301 $48,060 $9,900 $38,160
2021 $6,273 $43,800 $9,900 $33,900
2020 $6,307 $44,520 $9,900 $34,620
2019 $6,171 $38,220 $9,900 $28,320
2018 $5,679 $27,858 $7,871 $19,987
2017 $5,362 $26,304 $8,460 $17,844
2016 $4,966 $24,841 $9,759 $15,082
2015 $2,993 $24,832 $8,905 $15,927
2014 $2,993 $24,583 $8,816 $15,767
Source: Public Records

Agents Affiliated with this Home

  • Cheng Lee

    Seller's Agent in 2015

    Cheng Lee

    RE/MAX Top

    (646) 279-9318

    5 in this area

    34 Total Sales

    Cheng Lee
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Map

Source: OneKey® MLS

MLS Number: KEY4506023

OneKey® MLS

APN: 03772-0057

New York Bronx County Bronx 10472 Parkchester

1231 Elder Ave, Bronx, NY

This home is located at 1231 Elder Ave, Bronx, NY 10472 since 16 February 2015 and is currently estimated at $960,925, approximately $358 per square foot. This property was built in 1935. 1231 Elder Ave is a home located in Bronx County with nearby schools including P.S. 195, P.S. 196, and P.S. 214.

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