NOT LISTED FOR SALE

1240 Olmstead Ave Bronx, NY 10462

Unionport Neighborhood

Estimated Value: $1,055,000 - $1,224,000

5 Beds
3 Baths
3,760 Sq Ft
$298/Sq Ft Est. Value

Last Sold October 13, 2021

Last sale price $925,000 $246 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,528/month

19 Days on Market

Highlights

  • Colonial Architecture
  • 4-minute walk to Castle Hill Avenue
  • Formal Dining Room
  • Property is near public transit
  • Wood Flooring
  • 3-minute walk to Castle Hill Playground

About This Home

As of October 2021

Look no further to own a charming fully detached brick LEGAL THREE FAMILY home in the Unionport section of The Bronx. Units are 2 bed/1 bath over 2 bed/1 bath over 1 bed/1 bath. Includes front porch and fenced back yard. Walking distance to public transportation, schools, shops and neighborhood amenities.

Last Agent to Sell the Property

Ann Marie Masi

HomeSmart Homes & Estates License #10401297351 Listed on: 03/10/2021

HomeSmart Homes & Estates

Last Buyer's Agent

Mir Ali

Progress Realty Inc. License #40AL1058777

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,752

Year Built

  • Built in 1925

Lot Details

  • 2,505 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 3,760 Sq Ft Home
  • Formal Dining Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Basement

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

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near public transit

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 03813-0005

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,752

Year Built

Built in 1925

Lot Details

2,505 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1925
  • Attribution Contact: 914-236-5500
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Formal Dining Room
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Full, Walk-Out Access
  • Total Bedrooms: 5
  • Living Area: 3760.00
  • Square Footage: 3760.00

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

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

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0600
  • Lot Size Sq Ft: 2505.00
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 03813-0005
  • Property Attached: No

Rental Info

  • Hold Start Date: 2021-03-16

Tax Info

  • Close Date: 2021-10-13
  • Tax Annual Amount: 6752.00
  • Tax Map Number: 03813-0005

Multi Family

  • Units Total: 3
  • 1 Bedrooms: 1
  • Two Bedrooms: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3

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
Mar 10, 2021
Closed on
Oct 13, 2021
Sold by
Costa Donald
Bought by
Nath Bishnu P
Seller's Agent
Ann Marie Masi
HomeSmart Homes & Estates
Buyer's Agent
Mir Ali
Progress Realty Inc.
List Price
$899,999
Sold Price
$925,000
Premium/Discount to List
$25,001
2.78%
Current Estimated Value
$1,121,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,247
Avg. Annual Appreciation
4.42%
Original Mortgage
$508,700
Outstanding Balance
$463,887
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$657,360

Purchase Details

Closed on
Dec 8, 2001
Sold by
Lopriore Joan and Costa Donald
Bought by
Costa Donald
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nath Bishnu P $925,000 --
Costa Donald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nath Bishnu P $508,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2021 10/13/21 Sold $925,000 0.0% $246 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/16/2021 03/16/21 Off Market $925,000 -- --
03/10/2021 03/10/21 For Sale $899,999 -- $239 / Sq Ft
Source: OneKey® MLS

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 $7,566 $39,930 $5,115 $34,815
2024 $7,566 $37,670 $5,028 $32,642
2023 $7,650 $37,670 $5,313 $32,357
2022 $7,193 $54,660 $8,040 $46,620
2021 $6,879 $46,560 $8,040 $38,520
2020 $6,747 $47,520 $8,040 $39,480
2019 $6,274 $38,280 $8,040 $30,240
2018 $6,102 $31,392 $6,818 $24,574
2017 $5,821 $30,025 $7,451 $22,574
2016 $5,376 $28,440 $7,031 $21,409
2015 $3,197 $27,729 $8,165 $19,564
2014 $3,197 $26,160 $8,940 $17,220
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Ann Marie Masi

    HomeSmart Homes & Estates

    Section Image
  • Mir Ali

    Buyer's Agent in 2021

    Mir Ali

    Progress Realty Inc.

    (917) 518-0432

    10 in this area

    61 Total Sales

    Mir Ali
    Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY6098555

OneKey® MLS

APN: 03813-0005

New York Bronx County Bronx 10462 Unionport

1240 Olmstead Ave, Bronx, NY

Not Listed for Sale

MultiFamily

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Based on information submitted to the MLS GRID

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