NOT LISTED FOR SALE

1324 Elder Ave Bronx, NY 10472

Parkchester Neighborhood

Estimated Value: $830,000 - $988,000

7 Beds
5 Baths
2,500 Sq Ft
$363/Sq Ft Est. Value

Last Sold February 07, 2023

Last sale price $750,000 $300 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,262/month

40 Days on Market

Highlights

  • Colonial Architecture
  • Baseboard Heating
  • 4-minute walk to Elder Avenue

About This Home

As of February 2023

Great investment property! 3 family. Close to transportation, shopping, park, and school. must see!

Last Agent to Sell the Property

Devika Maharaj

HomeSmart CrossIsland License #10401274794 Listed on: 11/06/2022

HomeSmart CrossIsland

Co-Listed By

Brandon Elliott

HomeSmart CrossIsland License #10401240659

Last Buyer's Agent

Devika Maharaj

HomeSmart CrossIsland License #10401274794 Listed on: 11/06/2022

HomeSmart CrossIsland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,600

Year Built

  • Built in 1920

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25x100
  • 1 Common Wall

Home Design

  • 2,500 Sq Ft Home
  • Colonial Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Parking

  • Common or Shared Parking
  • Shared Driveway

Schools

  • School Of Performing Arts Middle School
  • Bronx Regional High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 17 / 3863
  • Assessor Parcel Number 03863-0017

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,600

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1920
  • New Construction: No
  • Attribution Contact: 718-341-9800
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Basement: None
  • Total Bedrooms: 7
  • Living Area: 2500.00
  • Kitchens: 3
  • Square Footage: 2500.00

Exterior Features

  • Construction Materials: Brick
  • Flood Zone Report: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Shared Driveway, Common

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Baseboard
  • Hot Water: Gas Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: School Of Performing Arts

Lot Info

  • Lot Size Acres: 0.0600
  • Lot Dimensions: 25x100
  • Lot Size Sq Ft: 2500.00
  • Lot Size Units: Acres
  • Parcel Number: 03863-0017
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2023-02-07
  • Tax Annual Amount: 5600.00
  • Tax Block: 3863
  • Tax Lot: 17
  • Tax Map Number: 03863-0017

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3

MLS Schools

  • High School: Bronx Regional High School
  • Middle School District: Bronx 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2022
Closed on
Feb 6, 2023
Sold by
Bermejo Virginia
Bought by
Chowdhury Fatema and Rahman Mohammad
Seller's Agent
Devika Maharaj
HomeSmart CrossIsland
Buyer's Agent
Devika Maharaj
HomeSmart CrossIsland
List Price
$849,999
Sold Price
$750,000
Premium/Discount to List
-$99,999
-11.76%
Views
18
Current Estimated Value
$908,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,491
Avg. Annual Appreciation
6.67%
Original Mortgage
$498,000
Outstanding Balance
$481,686
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$426,805

Purchase Details

Closed on
Mar 29, 2020
Sold by
Bermejo Virginia and Giuliani Anthony R
Bought by
Bermejo Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 1999
Sold by
Bermejo Virginia and Ramos Maria
Bought by
Bermejo Virginia and Giuliani Anthony R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 1997
Sold by
Ramos Maria
Bought by
Ramos Maria and Bermejo Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,318
Interest Rate
8.09%
Mortgage Type
Purchase Money Mortgage
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
Chowdhury Fatema $750,000 --
Chowdhury Fatema $750,000 --
Bermejo Virginia -- --
Bermejo Virginia -- --
Bermejo Virginia -- Ny Title Research
Bermejo Virginia -- Ny Title Research
Ramos Maria -- Commonwealth Land Title Ins
Ramos Maria -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chowdhury Fatema $498,000
Closed Chowdhury Fatema $498,000
Previous Owner Bermejo Virginia $265,000
Previous Owner Bermejo Virginia $143,000
Previous Owner Ramos Maria $133,318
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2023 02/07/23 Sold $750,000 -11.8% $300 / Sq Ft
12/16/2022 12/16/22 Pending -- -- --
11/06/2022 11/06/22 For Sale $849,999 -- $340 / 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 $6,423 $33,898 $5,881 $28,017
2024 $6,423 $31,979 $6,380 $25,599
2023 $6,128 $30,172 $5,976 $24,196
2022 $5,682 $44,100 $9,900 $34,200
2021 $5,986 $42,480 $9,900 $32,580
2020 $5,979 $36,480 $9,900 $26,580
2019 $5,575 $36,480 $9,900 $26,580
2018 $5,125 $25,143 $6,846 $18,297
2017 $4,835 $23,720 $6,589 $17,131
2016 $4,738 $23,703 $7,111 $16,592
2015 $2,699 $23,540 $7,005 $16,535
2014 $2,699 $22,208 $7,928 $14,280
Source: Public Records

Agents Affiliated with this Home

  • Devika Maharaj

    Seller's Agent in 2023

    Devika Maharaj

    HomeSmart CrossIsland

    (917) 517-1781

    1 in this area

    17 Total Sales

    Devika Maharaj
    Section Image

  • B

    Seller Co-Listing Agent in 2023

    Brandon Elliott

    HomeSmart CrossIsland

    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3441864

OneKey® MLS

APN: 03863-0017

New York Bronx County Bronx 10472 Parkchester

1324 Elder Ave, Bronx, NY

Not Listed for Sale

MultiFamily

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