NOT LISTED FOR SALE

1551 Silver St Bronx, NY 10461

Morris Park Neighborhood

Estimated Value: $1,150,000 - $1,431,000

7 Beds
3 Baths
3,802 Sq Ft
$337/Sq Ft Est. Value

Last Sold August 31, 2022

Last sale price $1,100,000 $289 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,667/month

34 Days on Market

Highlights

  • 0.24 Acre Lot
  • Window Unit Cooling System
  • Hot Water Heating System
  • Victorian Architecture

About This Home

As of August 2022

3 family with large property 103' by 99.'. A four bedroom unit original. Two bedroom high end modernization.and a one bedroom unit. This house is a Diamond in the rough. Fantastic upside potential. Close to all transportation, hospitals and shopping, new boiler and updated electric. Pre Approval required. Can be seen on 24 hours notice. No Sundays

Last Agent to Sell the Property

Gary Cherico

Cherico Real Estate License #37CH0405924 Listed on: 02/25/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,997

Year Built

  • Built in 1910

Lot Details

  • 10,332 Sq Ft Lot
  • No Common Walls

Parking

  • Driveway

Home Design

  • 3,802 Sq Ft Home
  • Victorian Architecture

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Oil
  • Oil Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 04079-0003

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,997

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Victorian
  • Property SubType: Multi Family
  • Year Built: 1910
  • Attribution Contact: 718-653-2699
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Unfinished
  • Total Bedrooms: 7
  • Living Area: 3802.00
  • Square Footage: 3802.00

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Oil, Hot Water
  • Hot Water: Fuel Oil Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Call Listing Agent
  • Middle School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.2400
  • Lot Size Area: 0.2400
  • Lot Size Sq Ft: 10332.00
  • Lot Size Units: Acres
  • Parcel Number: 04079-0003
  • Property Attached: No

Tax Info

  • Close Date: 2022-08-31
  • Tax Annual Amount: 8997.00
  • Tax Map Number: 04079-0003

Multi Family

  • Units Total: 3
  • 1 Bedrooms: 1
  • Two Bedrooms: 1
  • Four Bedrooms: 1
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3

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
Feb 25, 2022
Closed on
Aug 30, 2022
Sold by
Amato Frank and Amato Joseph
Bought by
Alvarado Ines and Alvarado Julio
Seller's Agent
Gary Cherico
Cherico Real Estate
List Price
$1,299,000
Sold Price
$1,100,000
Premium/Discount to List
-$199,000
-15.32%
Current Estimated Value
$1,282,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,252
Avg. Annual Appreciation
2.61%
Original Mortgage
$825,000
Outstanding Balance
$790,783
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$398,845
Source: Public Records

Range of Values:

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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
Alvarado Ines $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarado Ines $825,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2022 08/31/22 Sold $1,100,000 -15.3% $289 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $1,299,000 -- $342 / 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 $10,017 $50,890 $10,032 $40,858
2024 $10,017 $49,872 $10,255 $39,617
2023 $9,556 $47,052 $10,150 $36,902
2022 $8,861 $80,160 $20,580 $59,580
2021 $8,925 $65,100 $20,580 $44,520
2020 $8,977 $56,340 $20,580 $35,760
2019 $8,694 $58,080 $20,580 $37,500
2018 $7,993 $39,210 $17,309 $21,901
2017 $7,541 $36,991 $19,166 $17,825
2016 $7,065 $35,340 $20,580 $14,760
2015 $4,209 $36,711 $16,962 $19,749
2014 $4,209 $34,634 $16,002 $18,632
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gary Cherico

    Cherico Real Estate

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Map

Source: OneKey® MLS

MLS Number: KEY6168791

OneKey® MLS

APN: 04079-0003

New York Bronx County Bronx 10461 Morris Park

1551 Silver St, Bronx, NY

This home is located at 1551 Silver St, Bronx, NY 10461 since 25 February 2022 and is currently estimated at $1,282,252, approximately $337 per square foot. This property was built in 1910. 1551 Silver St is a home located in Bronx County with nearby schools including P.S. 108 Philip J Abinanti, J.H.S. 144 Michelangelo, and Herbert H Lehman High School.

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