NOT LISTED FOR SALE

1531 Commonwealth Ave Bronx, NY 10460

Parkchester Neighborhood

Estimated Value: $727,000 - $788,000

4 Beds
2 Baths
2,050 Sq Ft
$370/Sq Ft Est. Value

Last Sold March 22, 2021

Last sale price $572,400 $279 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,423/month

327 Days on Market

Highlights

  • Chalet
  • Wood Flooring
  • Park
  • Property is near public transit
  • Main Floor Primary Bedroom
  • Fenced

About This Home

As of March 2021

Cozy multi-family in great location near Morris Park. This multi-family home is comprised of 2 bedroom over a 2 bedroom unit with updated living room, kitchen and bath. You wont believe the This wonderful home features tons of potential, a spacious backyard and front porch.You are just a few steps to major roadways, express bus, and trains. Close by public schools, shops and eateries. Great income producing property. Great for first time investors.(To view entire home need 24hr-48hr notice) Additional Information: HeatingFuel:Oil Above Ground,

Last Agent to Sell the Property

Jessy Urena

Locqube New York, Inc. License #10401309585 Listed on: 02/12/2020

Co-Listed By

William Garcia

Call It Home Realty LLC License #10401239712

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,564

Year Built

  • Built in 1920 | Remodeled in 2007

Lot Details

  • 2,374 Sq Ft Lot
  • Fenced

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Chalet
  • Aluminum Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops

Schools

  • Contact Agent Elementary And Middle School
  • Contact Agent High School

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Radiant Heating System
  • Gas Water Heater

Additional Features

  • Wood Flooring
  • Walk-Out Basement

Listing and Financial Details

  • Assessor Parcel Number 03917-0037

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

$4,564

Year Built

Built in 1920 | Remodeled in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Chalet
  • Property SubType: Duplex
  • Property Condition: Actual
  • Year Built: 1920
  • Year Built Effective: 2007
  • Co List Office Mls Id: KEYPANTGR
  • Co List Office Phone: 347-657-1114
  • ResoBuildingAreaSource: Other
  • CurrentPrice: 572400.00
  • ListPrice_By_OriginalListPrice: 0.96610
  • ListPrice_By_LotSizeAcres: 10458715.5963
  • CurrentPrice_By_BuildingAreaTotal: 279.21951
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Renovated: 2007

Interior Features

  • Appliances: Gas Water Heater
  • Interior Amenities: Master Downstairs
  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Basement: Unfinished, Walk-Out Access
  • Total Bedrooms: 4
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • Fencing: Fenced
  • Waterfront: No

Garage/Parking

  • Parking Description: None, On Street

Utilities

  • Cooling: None
  • Heating: Oil, Radiant
  • Sewer: Public Sewer
  • Utilities: Trash Collection Public
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Park
  • Senior Community: No
  • Association: No

Association/Amenities

  • Community Features: Park

Schools

  • Middle School: Contact Agent

Lot Info

  • Lot Size Acres: 0.0545
  • Lot Size Sq Ft: 2374
  • Lot Features: Near Public Transit, Near School, Near Shops
  • Parcel Number: 03917-0037
  • Property Attached: No

Rental Info

  • Tenant Pays: See Remarks

Multi Family

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

Tax Info

  • Tax Annual Amount: 4564
  • Tax Year: 2019

MLS Schools

  • Elementary School: Contact Agent
  • High School: Contact Agent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2020
Closed on
Mar 22, 2021
Sold by
Decicco Peter and Gonzalez Rosa
Bought by
Flores Silva Telmo R
Seller's Agent
Jessy Urena
Locqube New York, Inc.
List Price
$574,999
Sold Price
$572,400
Premium/Discount to List
-$2,599
-0.45%
Current Estimated Value
$758,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,744
Avg. Annual Appreciation
6.20%
Original Mortgage
$554,766
Outstanding Balance
$498,710
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$259,434

Purchase Details

Closed on
Dec 17, 2012
Sold by
Idaho Realty Llc
Bought by
Decicco Peter and Gonzalez Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,758
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 26, 2012
Closed on
Jun 28, 2012
Sold by
Deutsche Bank National Trust Company
Bought by
Idaho Realty Llc
Seller's Agent
Paul Luciano
Utopia Realty Inc.
Buyer's Agent
Paul Luciano
Utopia Realty Inc.
List Price
$235,000
Sold Price
$218,700
Premium/Discount to List
-$16,300
-6.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.71%
Original Mortgage
$266,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2009
Sold by
Larry A Arias Esq Referee
Bought by
2005-Opt4 and Deutsche Bank National Trust Company As

Purchase Details

Closed on
Sep 7, 2005
Sold by
Rosario Rosa
Bought by
Mateo Manuel and Ortiz Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2004
Sold by
Amv Properties Corp
Bought by
Rosario Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,600
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 2003
Sold by
Villani Anthony
Bought by
Amv Properties Corp

Purchase Details

Closed on
Jan 16, 2003
Sold by
Perez Fatima
Bought by
Villani Anthony

Purchase Details

Closed on
Jan 17, 2001
Sold by
Turley Frank
Bought by
Perez Fatima

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage
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
Flores Silva Telmo R $565,000 --
Flores Silva Telmo R $565,000 --
Decicco Peter $455,000 --
Decicco Peter $455,000 --
Idaho Realty Llc $218,700 --
Idaho Realty Llc $218,700 --
2005-Opt4 $428,788 --
2005-Opt4 $428,788 --
Mateo Manuel $470,000 --
Mateo Manuel $470,000 --
Rosario Rosa $367,000 --
Rosario Rosa $367,000 --
Amv Properties Corp $240,000 --
Amv Properties Corp $240,000 --
Villani Anthony -- --
Villani Anthony -- --
Perez Fatima $200,000 --
Perez Fatima $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flores Silva Telmo R $554,766
Closed Flores Silva Telmo R $554,766
Previous Owner Decicco Peter $446,758
Previous Owner Idaho Realty Llc $266,000
Previous Owner Mateo Manuel $376,000
Previous Owner Rosario Rosa $348,600
Previous Owner Perez Fatima $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/11/2024 12/11/24 Off Market $572,400 -- --
03/22/2021 03/22/21 Sold $572,400 +0.4% $279 / Sq Ft
01/04/2021 01/04/21 Pending -- -- --
11/06/2020 11/06/20 Price Changed $570,000 -0.7% $278 / Sq Ft
10/26/2020 10/26/20 Price Changed $574,000 -0.2% $280 / Sq Ft
09/10/2020 09/10/20 Price Changed $574,999 0.0% $280 / Sq Ft
09/10/2020 09/10/20 For Sale $574,999 +0.5% $280 / Sq Ft
08/26/2020 08/26/20 Off Market $572,400 -- --
08/09/2020 08/09/20 For Sale $589,000 +2.9% $287 / Sq Ft
04/11/2020 04/11/20 Off Market $572,400 -- --
03/30/2020 03/30/20 Price Changed $589,000 -0.2% $287 / Sq Ft
02/12/2020 02/12/20 For Sale $590,000 +169.8% $288 / Sq Ft
06/29/2012 06/29/12 Sold $218,700 -6.9% $107 / Sq Ft View Prior Sale
06/11/2012 06/11/12 Pending -- -- --
04/26/2012 04/26/12 For Sale $235,000 -- $115 / 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 $5,138 $25,580 $4,422 $21,158
2024 $5,138 $25,579 $5,269 $20,310
2023 $5,143 $25,326 $5,101 $20,225
2022 $4,770 $36,060 $8,640 $27,420
2021 $4,750 $36,180 $8,640 $27,540
2020 $4,512 $31,380 $8,640 $22,740
2019 $4,459 $30,840 $8,640 $22,200
2018 $4,302 $21,105 $7,323 $13,782
2017 $4,059 $19,911 $6,606 $13,305
2016 $3,760 $18,810 $7,017 $11,793
2015 $2,266 $17,764 $6,260 $11,504
2014 $2,266 $17,764 $7,519 $10,245
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: H6014154

OneKey® MLS

APN: 03917-0037