NOT LISTED FOR SALE

1531 Morris Ave Bronx, NY 10457

Mount Eden Neighborhood

Estimated Value: $699,567 - $931,000

5 Beds
3 Baths
1,728 Sq Ft
$478/Sq Ft Est. Value

Last Sold June 14, 2022

Last sale price $790,000 $457 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,461/month

63 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Window Unit Cooling System
  • Property is near public transit
  • Main Floor Bedroom
  • 3-minute walk to Claremont Park

About This Home

As of June 2022

1531 Morris Avenue is a 20x45 built two family townhouse nestled on a beautiful tree lined street of Clearmont Village with beautiful park views of historic Clearmont Park. Perfect opportunity for savvy real estate investors & homeowners alike. Move in ready two family provides the perfect opportunity for buyers looking for space, plus income generating rental property to assist with mortgage payments. Configured as as 3 bedroom rental unit over a 2 bedroom garden unit plus a high ceiling full finished basement which can easily be used as a garden-basement duplex to create additional living/recreational space. Both units enjoy expansive sun drenched living/dining areas, spacious eat in kitchen areas, spacious bedrooms with ample closet space, fully tiled bathrooms and much more. Prime Location! Conveniently located with close proximity to major transportation, Grand concourse, Webster Avenue, Cross Bronx Expressway, schools, highways and many vibrant neighborhood amenities.

Last Agent to Sell the Property

Gabriel Kashi

Keystone Realty USA Corp License #10401217533 Listed on: 03/24/2022

Last Buyer's Agent

Alfred Jennings

Listed New York Elite Inc License #10311208518

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,673

Year Built

  • Built in 1899

Lot Details

  • 2,007 Sq Ft Lot
  • Lot Dimensions are 25.25x79.5
  • No Common Walls

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Frame Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Schools

  • New Directions Secondary Middle School
  • New Directions Secondary High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 49 / 2820
  • Assessor Parcel Number 02820-0049

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

$1,673

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Property Condition: Good
  • Year Built: 1899
  • New Construction: No
  • Attribution Contact: 631-261-2800
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 1st Floor Bedrm
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Finished, Full
  • Total Bedrooms: 5
  • Kitchens: 2

Exterior Features

  • Construction Materials: Frame
  • Flood Zone Report: No

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • 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: New Directions Secondary School

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Dimensions: 25.25x79.5
  • Lot Size Sq Ft: 2007.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 02820-0049
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-06-14
  • Tax Annual Amount: 1673.00
  • Tax Block: 2820
  • Tax Lot: 49
  • Tax Map Number: 02820-0049

Multi Family

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

MLS Schools

  • High School: New Directions Secondary School
  • Middle School District: Bronx 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
Jun 10, 2022
Sold by
Yom Yom Assets Inc
Bought by
Jones Ria
Seller's Agent
Gabriel Kashi
Keystone Realty USA Corp
Buyer's Agent
Alfred Jennings
Listed New York Elite Inc
List Price
$789,000
Sold Price
$790,000
Premium/Discount to List
$1,000
0.13%
Current Estimated Value
$825,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,392
Avg. Annual Appreciation
1.22%
Original Mortgage
$775,691
Outstanding Balance
$735,891
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$89,501

Purchase Details

Listed on
Nov 12, 2021
Closed on
Dec 31, 2021
Sold by
Thomas Garfield and Thomas Thomas
Bought by
Yom Yom Assets Inc
Seller's Agent
Nareema Baksh
Nareema Baksh Real Estate
Buyer's Agent
Nareema Baksh
Nareema Baksh Real Estate
List Price
$575,000
Sold Price
$535,000
Premium/Discount to List
-$40,000
-6.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
137.77%

Purchase Details

Closed on
May 20, 2014
Sold by
Thomas Derrick and Thomas Doreen
Bought by
Thomas Garfield and Thomas Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,083
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2008
Sold by
Thomas Garfield
Bought by
Thomas Derrick and Thomas Doreen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,067
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 1997
Sold by
Thomas Garfield and Thomas Doreen Ann
Bought by
Thomas Garfield

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,500
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jones Ria $790,000 --
Jones Ria $790,000 --
Yom Yom Assets Inc $535,000 --
Yom Yom Assets Inc $535,000 --
Thomas Garfield -- --
Thomas Garfield -- --
Thomas Derrick -- --
Thomas Derrick -- --
Thomas Garfield -- --
Thomas Garfield -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Ria $775,691
Closed Jones Ria $775,691
Previous Owner Thomas Garfield $6,083
Previous Owner Thomas Derrick $25,067
Previous Owner Thomas Garfield $107,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2022 06/14/22 Sold $790,000 +0.1% $457 / Sq Ft
03/24/2022 03/24/22 For Sale $789,000 +47.5% $457 / Sq Ft
12/31/2021 12/31/21 Sold $535,000 0.0% $310 / Sq Ft View Prior Sale
11/21/2021 11/21/21 Pending -- -- --
11/15/2021 11/15/21 Off Market $535,000 -- --
11/12/2021 11/12/21 For Sale $575,000 -- $333 / 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 $1,993 $10,031 $2,820 $7,211
2024 $1,993 $9,922 $2,598 $7,324
2023 $1,906 $9,384 $2,743 $6,641
2022 $1,773 $31,560 $10,980 $20,580
2021 $1,764 $27,780 $10,980 $16,800
2020 $1,769 $30,720 $10,980 $19,740
2019 $1,730 $27,540 $10,980 $16,560
2018 $1,594 $7,820 $4,310 $3,510
2017 $1,509 $7,401 $3,491 $3,910
2016 $1,396 $6,984 $2,803 $4,181
2015 $842 $6,966 $3,442 $3,524
2014 $842 $6,890 $2,891 $3,999
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gabriel Kashi

    Keystone Realty USA Corp

    (347) 419-5268

    1 in this area

    314 Total Sales

    Gabriel Kashi
    Section Image

  • A

    Buyer's Agent in 2022

    Alfred Jennings

    Listed New York Elite Inc

    (917) 686-6972

    1 in this area

    39 Total Sales

    Alfred Jennings
    Section Image
  • Nareema Baksh

    Seller's Agent in 2021

    Nareema Baksh

    Nareema Baksh Real Estate

    (914) 548-5744

    1 in this area

    43 Total Sales

    Nareema Baksh
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3386100

OneKey® MLS

APN: 02820-0049

New York Bronx County Bronx 10457 Mount Eden

1531 Morris Ave, Bronx, NY

Not Listed for Sale

MultiFamily

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