NOT LISTED FOR SALE

1618 Mahan Ave Bronx, NY 10461

Middletown-Pelham Bay Neighborhood

Estimated Value: $943,000 - $1,099,000

5 Beds
2 Baths
2,384 Sq Ft
$427/Sq Ft Est. Value

Last Sold May 23, 2024

Last sale price $995,000 $417 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,153/month

27 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Window Unit Cooling System
  • Property is near public transit
  • 1 Car Detached Garage
  • Entrance Foyer

About This Home

As of May 2024

Great multi family home located in the Pelham Bay section of the Bronx, first floor apartment has a large living room with hardwood floors, open dining room, bathroom, eat in kitchen with walk out access to the back yard and pool, washer & dryer and access to a full finished basement with bedroom and full bath, second level has living room dining room and kitchen with updated bathroom, 3 bedrooms and attic, new gas boiler , new roof, driveway and garage with interior access, upgraded 220 electric , close to public transportation, retail stores and Pelham Bay Park.

Last Agent to Sell the Property

Joe Cosentino

Morris Park Realty Group Brokerage Phone: (718) 881-1923 License #10311205741 Listed on: 02/01/2024

Last Buyer's Agent

Georgena Cosentino

Westchester Realty Consultants License #10401265508

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,000

Year Built

  • Built in 1930

Lot Details

  • 2,500 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,384 Sq Ft Home
  • Entrance Foyer
  • Wood Flooring
  • Finished Basement
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 04173-0036

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,000

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1930
  • Attribution Contact: (718) 881-1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Entrance Foyer
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Finished, Walk-Out Access
  • Total Bedrooms: 5
  • Living Area: 2384
  • Owner Pays: Insurance
  • SquareFootage: 2384.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame, Vinyl Siding
  • Fencing: Fenced

Garage/Parking

  • Total Parking Spaces: 2
  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Detached, 1 Car Detached, Driveway

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 3

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2500
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 04173-0036
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 3900
  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 1

Tax Info

  • Tax Annual Amount: 7000
  • Tax Map Number: 04173-0036
  • 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
Feb 1, 2024
Closed on
May 23, 2024
Sold by
Desario Paula and Pellegrino Denise
Bought by
Wu Rang Hui and Zheng Fen
Seller's Agent
Joe Cosentino
Morris Park Realty Group
Buyer's Agent
Georgena Cosentino
Westchester Realty Consultants
List Price
$975,000
Sold Price
$995,000
Premium/Discount to List
$20,000
2.05%
Views
49
Current Estimated Value
$1,018,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,722
Avg. Annual Appreciation
2.68%
Original Mortgage
$680,000
Outstanding Balance
$672,737
Interest Rate
7.17%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$356,481

Purchase Details

Closed on
Aug 17, 2022
Sold by
Desario Paula and Pellegrino Daniel
Bought by
Desario Paula and Pellegrino Denise

Purchase Details

Closed on
Dec 29, 2005
Sold by
Desario Paula and Pellegrino Daniel
Bought by
Desario Paula and Pellegrino Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,250
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2000
Sold by
Desario Paula and Pellegrino Daniel
Bought by
Desario Paula and Pellegrino Daniel

Purchase Details

Closed on
Mar 10, 1997
Sold by
Seedorf Nettie
Bought by
Desario Paula and Pellegrino Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,550
Interest Rate
7.52%
Mortgage Type
FHA
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
Wu Rang Hui $995,000 --
Desario Paula -- --
Desario Paula -- --
Desario Paula -- --
Desario Paula -- --
Desario Paula $3,000 First American Title Ins Co
Desario Paula -- First American Title Ins Co
Desario Paula $205,000 Commonwealth Land Title Ins
Desario Paula $205,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Rang Hui $680,000
Previous Owner Desario Paula $431,250
Previous Owner Desario Paula $90,736
Previous Owner Desario Paula $246,137
Previous Owner Desario Paula $30,900
Previous Owner Desario Paula $195,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2024 05/23/24 Sold $995,000 +2.1% $417 / Sq Ft
03/14/2024 03/14/24 Pending -- -- --
02/15/2024 02/15/24 For Sale $975,000 -- $409 / 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 $7,355 $40,003 $6,129 $33,874
2024 $7,355 $38,020 $5,741 $32,279
2023 $7,000 $35,868 $6,266 $29,602
2022 $6,468 $56,220 $10,020 $46,200
2021 $6,819 $45,660 $10,020 $35,640
2020 $6,760 $41,100 $10,020 $31,080
2019 $6,335 $37,800 $10,020 $27,780
2018 $5,795 $29,890 $7,703 $22,187
2017 $5,449 $28,200 $7,381 $20,819
2016 $5,328 $28,200 $8,970 $19,230
2015 $2,989 $27,780 $11,160 $16,620
2014 $2,989 $26,403 $9,744 $16,659
Source: Public Records

Agents Affiliated with this Home

  • Joe Cosentino

    Seller's Agent in 2024

    Joe Cosentino

    Morris Park Realty Group

    (914) 719-6653

    5 in this area

    153 Total Sales

    Joe Cosentino
    Section Image
  • Georgena Cosentino

    Buyer's Agent in 2024

    Georgena Cosentino

    Westchester Realty Consultants

    (917) 642-9557

    1 in this area

    6 Total Sales

    Georgena Cosentino
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY6287479

OneKey® MLS

APN: 04173-0036

New York Bronx County Bronx 10461 Middletown-Pelham Bay

1618 Mahan Ave, Bronx, NY

This home is located at 1618 Mahan Ave, Bronx, NY 10461 since 01 February 2024 and is currently estimated at $1,018,722, approximately $427 per square foot. This property was built in 1930. 1618 Mahan Ave is a home located in Bronx County with nearby schools including P.S. 71 Rose E Scala, Herbert H Lehman High School, and St. Theresa School.

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