NOT LISTED FOR SALE

1480 Commonwealth Ave Bronx, NY 10460

Parkchester Neighborhood

Estimated Value: $882,000 - $1,105,000

7 Beds
3 Baths
2,860 Sq Ft
$334/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $830,000 $290 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,588/month

75 Days on Market

Highlights

  • 0.11 Acre Lot
  • 2 Car Detached Garage
  • Park
  • Property is near public transit
  • Cooling Available
  • 4-minute walk to Noble Park

About This Home

As of September 2022

Whether you're an investor or someone looking for a 2 family home with grounds galore, this R5 zoned income producing property is a must see! With easy access to public transportation and major roadways this legal 2 family has a detached 2 car garage and is situated on a 50 x 95 lot with plenty of room to either expand or use the extra space for parking.

Last Agent to Sell the Property

Patricia Canale

Keller Williams Rlty Landmark License #10401360433 Listed on: 05/06/2022

Keller Williams Rlty Landmark

Last Buyer's Agent

Patricia Canale

Keller Williams Rlty Landmark License #10401360433 Listed on: 05/06/2022

Keller Williams Rlty Landmark

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,496

Year Built

  • Built in 1901

Lot Details

  • 4,750 Sq Ft Lot
  • Lot Dimensions are 50x95
  • No Common Walls

Parking

  • 2 Car Detached Garage
  • Driveway
  • On-Street Parking
  • Parking Lot

Home Design

  • Tri-Level Property
  • Frame Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Schools

  • Ps 214 Elementary And Middle School
  • Wings Academy High School

Utilities

  • Cooling Available
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Oven
  • Property is near public transit
  • Partially Finished Basement

Listing and Financial Details

  • Legal Lot and Block 11 / 3915
  • Assessor Parcel Number 03915-0011

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,496

Year Built

Built in 1901

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Trilevel
  • Property SubType: Multi Family
  • Building Size: 20x35
  • Year Built: 1901
  • New Construction: No
  • Attribution Contact: 718-475-2700
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven, Refrigerator
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Partially Finished
  • Inclusions: Refrigerator
  • Total Bedrooms: 7
  • Kitchens: 2

Exterior Features

  • Construction Materials: Frame
  • Flood Zone Report: No

Garage/Parking

  • Total Parking Spaces: 10.00
  • Attached Garage: No
  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Description: Private, Detached, 2 Car Detached, Driveway, Parking Lot, On Street

Utilities

  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Hot Water: Gas Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Ps 214

Lot Info

  • Lot Size Acres: 0.1100
  • Lot Dimensions: 50x95
  • Lot Size Sq Ft: 4750.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 03915-0011
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-09-29
  • Tax Annual Amount: 6496.00
  • Tax Block: 3915
  • Tax Lot: 11
  • Tax Map Number: 03915-0011

Multi Family

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

MLS Schools

  • Elementary School: Ps 214
  • High School: Wings Academy
  • Middle School District: Bronx 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2022
Closed on
Sep 29, 2022
Sold by
Bautista Elvin and Bautista Lourdes T
Bought by
Atahualpa David
Seller's Agent
Patricia Canale
Keller Williams Rlty Landmark
Buyer's Agent
Patricia Canale
Keller Williams Rlty Landmark
List Price
$920,000
Sold Price
$830,000
Premium/Discount to List
-$90,000
-9.78%
Views
4
Current Estimated Value
$954,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,848
Avg. Annual Appreciation
4.38%
Original Mortgage
$664,000
Outstanding Balance
$636,715
Interest Rate
5.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$318,133

Purchase Details

Closed on
Feb 15, 2018
Sold by
Custodio Osvaldo Bolibar
Bought by
Bautista Elvin and Bautista Lourdes T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,770
Interest Rate
3.87%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Atahualpa David $830,000 --
Bautista Elvin $620,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Atahualpa David $664,000
Previous Owner Bautista Elvin $608,770
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2022 09/29/22 Sold $830,000 -2.4% $290 / Sq Ft
07/20/2022 07/20/22 Pending -- -- --
06/01/2022 06/01/22 Price Changed $850,000 -5.5% $297 / Sq Ft
05/24/2022 05/24/22 Price Changed $899,000 -2.3% $314 / Sq Ft
05/06/2022 05/06/22 For Sale $920,000 -- $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 $7,197 $37,979 $8,867 $29,112
2024 $7,197 $35,831 $9,969 $25,862
2023 $7,265 $35,771 $10,374 $25,397
2022 $6,886 $40,800 $12,720 $28,080
2021 $6,849 $37,500 $12,720 $24,780
2020 $6,699 $38,820 $12,720 $26,100
2019 $6,246 $37,680 $12,720 $24,960
2018 $6,077 $29,809 $12,037 $17,772
2017 $5,860 $28,747 $11,265 $17,482
2016 $5,422 $27,120 $12,720 $14,400
2015 $3,372 $26,374 $9,766 $16,608
2014 $3,372 $24,883 $10,750 $14,133
Source: Public Records

Agents Affiliated with this Home

  • Patricia Canale

    Seller's Agent in 2022

    Patricia Canale

    Keller Williams Rlty Landmark

    (917) 727-7748

    1 in this area

    22 Total Sales

    Patricia Canale
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Map

Source: OneKey® MLS

MLS Number: KEY3397263

OneKey® MLS

APN: 03915-0011

New York Bronx County Bronx 10460 Parkchester

1480 Commonwealth Ave, Bronx, NY

Not Listed for Sale

MultiFamily

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