Seller's Agent in 2023
Eric Stein
RE/MAX
(914) 469-8125
1 in this area
267 Total Sales
1248 E 223rd St Bronx, NY 10466
Edenwald NeighborhoodEstimated Value: $914,000 - $1,067,667
9
Beds
6
Baths
3,187
Sq Ft
$311/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Wood Flooring
- Eat-In Kitchen
- Property is near public transit
- Main Floor Primary Bedroom
- Cooling System Mounted In Outer Wall Opening
About This Home
As of April 2023Great Investment Opportunity! Current 9% cap rate with a 10% cap rate potential. Newly built in 2007, all brick semi-attached legal 3 family home with a full unfinished walkout basement. $108000 potential annual income with low expenses. This property features 3 separate boilers and 3 hot water tanks. All apartments offer 3 bedrooms 2 bath open layouts w/ hardwood floors throughout. Driveway parking for 2 or more cars. Property has been well maintained and cared for. 2 vacant apartments, 2nd floor lease expires 12/31/22. Photos digitally staged.
Last Agent to Sell the Property
RE/MAX Distinguished Hms.&Prop License #49ST1168831 Listed on: 11/16/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,147
Year Built
- Built in 2007
Lot Details
- 2,500 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Home Design
- Colonial Architecture
- Brick Exterior Construction
Interior Spaces
- 3,187 Sq Ft Home
- Wood Flooring
- Eat-In Kitchen
Bedrooms and Bathrooms
- 9 Bedrooms
- Primary Bedroom on Main
- 6 Full Bathrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 4 Parking Spaces
- Driveway
Location
- Property is near public transit
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for all utilities
- Assessor Parcel Number 04897-0172
Community Details
Overview
- 3 Units
Recreation
- Park
Building Details
- 4 Separate Electric Meters
- 3 Separate Gas Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 16, 2022
Closed on
Apr 14, 2023
Sold by
Wakefield Manor Inc
Bought by
Mbs World Llc
Seller's Agent
Eric Stein
RE/MAX Distinguished Hms.&Prop
Buyer's Agent
Michael Eshetu
Ethos Realty LLC
List Price
$925,000
Sold Price
$875,000
Premium/Discount to List
-$50,000
-5.41%
Views
120
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,917
Avg. Annual Appreciation
4.74%
Purchase Details
Closed on
Mar 26, 2014
Sold by
Wakefield Manor Inc
Bought by
Wakefield Manor Inc
Purchase Details
Closed on
Jul 13, 2005
Sold by
Humphrey David and Humphrey Valerie
Bought by
Butters Lorna and Butters Marva
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,534
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 29, 1998
Sold by
Madison Ella Louise
Bought by
Madison Ella Louise and Madison Linda Fay
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mbs World Llc | $925,000 | -- | |
| Mbs World Llc | $925,000 | -- | |
| Wakefield Manor Inc | -- | -- | |
| Wakefield Manor Inc | -- | -- | |
| Butters Lorna | -- | -- | |
| Butters Lorna | -- | -- | |
| Madison Ella Louise | -- | Stewart Title Insurance Co | |
| Madison Ella Louise | -- | Stewart Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Butters Lorna | $253,534 | |
| Previous Owner | Madison Ella Louise | $116,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/15/2023 04/15/23 | Sold | $875,000 | -5.4% | $275 / Sq Ft |
| 01/12/2023 01/12/23 | Pending | -- | -- | -- |
| 11/16/2022 11/16/22 | For Sale | $925,000 | -- | $290 / Sq Ft |
Source: OneKey® MLS
Tax History Compared to Growth
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 | $7,722 | $40,754 | $6,137 | $34,617 |
| 2024 | $7,722 | $38,448 | $6,005 | $32,443 |
| 2023 | $7,808 | $38,448 | $5,828 | $32,620 |
| 2022 | $7,618 | $55,560 | $8,340 | $47,220 |
| 2021 | $7,576 | $49,980 | $8,340 | $41,640 |
| 2020 | $7,189 | $43,260 | $8,340 | $34,920 |
| 2019 | $6,702 | $44,580 | $8,340 | $36,240 |
| 2018 | $6,531 | $32,040 | $7,058 | $24,982 |
| 2017 | $6,482 | $31,800 | $8,125 | $23,675 |
| 2016 | $5,997 | $30,000 | $7,651 | $22,349 |
| 2015 | $4,342 | $28,302 | $8,968 | $19,334 |
| 2014 | $4,342 | $26,700 | $9,240 | $17,460 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Stein
-
Hermi Aquino
Seller Co-Listing Agent in 2023
Hermi Aquino
RE/MAX
(646) 685-6269
3 in this area
180 Total Sales
-
Michael Eshetu
M
Buyer's Agent in 2023
Michael Eshetu
Ethos Realty LLC
(814) 830-3708
1 in this area
28 Total Sales
Map
Source: OneKey® MLS
MLS Number: KEY6220983
APN: 04897-0172
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