NOT LISTED FOR SALE

1331 Clay Ave Bronx, NY 10456

Concourse Neighborhood

Estimated Value: $808,000 - $931,651

5 Beds
2 Baths
2,146 Sq Ft
$409/Sq Ft Est. Value

Last Sold July 27, 2023

Last sale price $705,000 $329 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,150/month

40 Days on Market

Highlights

  • Property is near public transit
  • Park
  • Level Lot
  • Marble Countertops
  • Forced Air Heating and Cooling System

About This Home

As of July 2023

This updated stucco two family located in the Morrisania section of the Bronx is one to see. Whether you are looking to live in one unit and generate passive income or you are an investor looking to expand your portfolio, this home offers lots of pluses. Both kitchens are updated with marble countertops and tile backsplash and have stainless steel appliances. Both units have high ceilings and recessed lighting. Both bathrooms are updated as well. This home features central air and heating. Each unit has its own system. The full basement is finished and has a separate entrance. Conveniently located near shopping and transportation. Bx 32, 41 and the B and D trains are all in walking distance.

Last Agent to Sell the Property

Michael LaMorte

Christie's Int. Real Estate Brokerage Phone: 914-200-1515 License #10301208911 Listed on: 03/26/2023

Christie's Int. Real Estate

Co-Listed By

Judy Moriarty

Zillow Inc Brokerage Phone: 914-200-1515 License #10311209205

Last Buyer's Agent

Catherine Fontecchio

2020 iRealty License #10401331921

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,214

Year Built

  • Built in 1899

Lot Details

  • 1,342 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • 2,146 Sq Ft Home
  • Frame Construction
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Basement

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Marble Countertops
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 02782-0131

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

$3,214

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks
  • Property SubType: Multi Family
  • Year Built: 1899
  • Attribution Contact: 914-200-1515
  • Co List Office Mls Id: ONEZILLOW
  • Co List Office Phone: 206-424-8443
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Marble Counters
  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Basement: Full, See Remarks, Walk-Out Access
  • Total Bedrooms: 5
  • Living Area: 2146
  • SquareFootage: 2146.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame, Stucco

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Electric, Natural Gas, Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 2

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.03
  • Lot Size Area: 0.03
  • Lot Size Sq Ft: 1342
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 02782-0131
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

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

Tax Info

  • Tax Annual Amount: 3214
  • Tax Map Number: 02782-0131
  • IncludedInTaxes: Trash

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 26, 2023
Closed on
Jul 27, 2023
Sold by
Zarzuela Billy
Bought by
Shahid Tubaa
Seller's Agent
Michael LaMorte
Christie's Int. Real Estate
Buyer's Agent
Catherine Fontecchio
2020 iRealty
List Price
$725,000
Sold Price
$705,000
Premium/Discount to List
-$20,000
-2.76%
Views
106
Current Estimated Value
$889,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,413
Avg. Annual Appreciation
11.77%
Original Mortgage
$674,297
Outstanding Balance
$660,537
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$225,149

Purchase Details

Listed on
May 7, 2018
Closed on
Oct 29, 2018
Sold by
Rogers Rd Llc
Bought by
Zarzuela Billy
Seller's Agent
Mario Fowler
Exit Realty Group
Buyer's Agent
Rehanna Ebrahim
ERA Insite Realty Services
List Price
$659,000
Sold Price
$615,000
Premium/Discount to List
-$44,000
-6.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.92%
Original Mortgage
$450,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2017
Sold by
Clay 1331 Corp
Bought by
Rogers Rd Llc

Purchase Details

Closed on
Sep 2, 2016
Sold by
Milligan Realty Inc
Bought by
Clay 1331 Corp

Purchase Details

Closed on
Aug 22, 2016
Sold by
Ragnell Deceased Luebertha and Wesley Deceased James
Bought by
Milligan Realty Inc
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
Shahid Tubaa $705,000 --
Zarzuela Billy $615,000 --
Rogers Rd Llc $260,000 --
Clay 1331 Corp $220,000 --
Milligan Realty Inc $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shahid Tubaa $674,297
Previous Owner Zarzuela Billy $468,750
Previous Owner Zarzuela Billy $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2023 07/27/23 Sold $705,000 -2.8% $329 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
03/26/2023 03/26/23 For Sale $725,000 +17.9% $338 / Sq Ft
10/29/2018 10/29/18 Sold $615,000 -6.7% $300 / Sq Ft
05/07/2018 05/07/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $659,000 -- $322 / 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 $3,370 $17,462 $3,263 $14,199
2024 $3,370 $16,777 $3,036 $13,741
2023 $3,214 $15,827 $2,693 $13,134
2022 $3,031 $41,520 $6,840 $34,680
2021 $3,067 $39,300 $6,840 $32,460
2020 $3,080 $34,020 $6,840 $27,180
2019 $3,019 $27,420 $6,840 $20,580
2018 $2,032 $9,969 $3,892 $6,077
2017 $1,923 $9,434 $3,230 $6,204
2016 $1,784 $8,925 $2,818 $6,107
2015 $1,073 $8,907 $3,094 $5,813
2014 $1,073 $8,806 $3,468 $5,338
Source: Public Records

Agents Affiliated with this Home

  • Michael LaMorte

    Seller's Agent in 2023

    Michael LaMorte

    Christie's Real Estate Westchester & Hudson Valley

    (914) 844-6011

    1 in this area

    191 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2023

    Judy Moriarty

    Zillow Inc

    Section Image
  • Catherine Fontecchio

    Buyer's Agent in 2023

    Catherine Fontecchio

    2020 iRealty

    (914) 362-9984

    1 in this area

    15 Total Sales

    Section Image

  • M

    Seller's Agent in 2018

    Mario Fowler

    Exit Realty Group

    Section Image
  • Rehanna Ebrahim

    Buyer's Agent in 2018

    Rehanna Ebrahim

    ERA Insite Realty Services

    (646) 240-6184

    6 Total Sales

    Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY6239012

OneKey® MLS

APN: 02782-0131

New York Bronx County Bronx 10456 Concourse

1331 Clay Ave, Bronx, NY

This home is located at 1331 Clay Ave, Bronx, NY 10456 since 26 March 2023 and is currently estimated at $877,913, approximately $409 per square foot. This property was built in 1899. 1331 Clay Ave is a home located in Bronx County with nearby schools including P.S. 53 Basheer Quisim, P.S. 88 S Silverstein Little Sparrow School, and I.S 313 School Of Leadership Development.

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