NOT LISTED FOR SALE

1662 Wallace Ave Bronx, NY 10462

Van Nest Neighborhood

Estimated Value: $850,000 - $1,090,000

8 Beds
5 Baths
2,064 Sq Ft
$470/Sq Ft Est. Value

Last Sold August 20, 2018

Last sale price $745,000 $361 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,696/month

78 Days on Market

Highlights

  • 0.05 Acre Lot
  • Granite Countertops
  • Walk-In Closet
  • Property is near public transit
  • Porch
  • 5-minute walk to Van Nest Park

About This Home

As of August 2018

MUST SEE! Fully renovated from top to bottom, This is a beautiful 2 family home for sale located in the Morris Park Area of the Bronx. Move in ready, This property features 3 bedroom 2 baths on the first floor with a living room, kitchen with a 3 bedrooms 1 baths on the second floor which also has a living room and kitchen. fully finished walkout basement, Hardwood floors and parking in the front of the house. Two new gas boilers and water heaters, Top floor Tenants pay for their own gas electric and heat

Last Agent to Sell the Property

Andrew Haxhiu

Comres Realty Group LLC Brokerage Phone: 347-202-4965 License #10491208866 Listed on: 02/06/2018

Last Buyer's Agent

Cristina Soberano

Charles Rutenberg Realty, Inc. License #10401218211

Charles Rutenberg Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,643

Year Built

  • Built in 1901 | Remodeled in 2013

Lot Details

  • 2,375 Sq Ft Lot
  • Two or More Common Walls

Parking

  • Driveway

Home Design

  • Frame Construction
  • Stucco

Interior Spaces

  • 2,064 Sq Ft Home
  • ENERGY STAR Qualified Doors
  • Granite Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • 5 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, heat
  • Assessor Parcel Number 04040-0022

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,643

Year Built

Built in 1901 | Remodeled in 2013

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1901
  • Year Built Effective: 2013
  • Attribution Contact: 347-202-4965
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2013

Interior Features

  • Interior Amenities: Granite Counters, Walk-In Closet(s)
  • Living Area Units: Square Feet
  • Door Features: ENERGY STAR Qualified Doors
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 5
  • Basement: Full, Walk-Out Access
  • Total Bedrooms: 8
  • Living Area: 2064
  • SquareFootage: 2064.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame, Stucco
  • Patio and Porch Features: Patio, Porch

Garage/Parking

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

Utilities

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

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Dimensions: 2375.0000
  • Lot Size Sq Ft: 2375
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 04040-0022
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Heat

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 2

Tax Info

  • Tax Annual Amount: 4643
  • Tax Map Number: 04040-0022
  • 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 6, 2018
Closed on
Aug 20, 2018
Sold by
1662 Wallace Avenue Llc
Bought by
Miah Helal
Seller's Agent
Andrew Haxhiu
Comres Realty Group LLC
Buyer's Agent
Cristina Soberano
Charles Rutenberg Realty, Inc.
List Price
$725,000
Sold Price
$745,000
Premium/Discount to List
$20,000
2.76%
Current Estimated Value
$970,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,779
Avg. Annual Appreciation
2.54%
Original Mortgage
$633,250
Outstanding Balance
$554,494
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$335,027

Purchase Details

Closed on
Feb 4, 2013
Sold by
Schiulaz Christopher
Bought by
Gjonbalaj Salih

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,377
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2003
Sold by
Mora Elizabeth and Mora Joel
Bought by
Santory Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Miah Helal $745,000 --
1662 Wallace Avenue Llc -- --
Gjonbalaj Salih $200,000 --
Santory Fred $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miah Helal $5,728
Open Miah Helal $633,250
Previous Owner Gjonbalaj Salih $196,377
Previous Owner Schiulaz Christopher $453,680
Previous Owner Schiulaz Christopher $113,420
Previous Owner Santory Fred $441,750
Previous Owner Santory Fred $300,000
Previous Owner Mora Joel $3,755
Closed Santory Fred $56,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2018 08/20/18 Sold $745,000 +2.8% $361 / Sq Ft
02/06/2018 02/06/18 Pending -- -- --
02/06/2018 02/06/18 For Sale $725,000 -- $351 / 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 $6,289 $32,918 $6,687 $26,231
2024 $6,289 $31,310 $6,505 $24,805
2023 $5,999 $29,539 $6,272 $23,267
2022 $5,563 $39,780 $9,300 $30,480
2021 $5,865 $35,160 $9,300 $25,860
2020 $5,807 $32,520 $9,300 $23,220
2019 $5,458 $32,520 $9,300 $23,220
2018 $5,018 $24,616 $6,009 $18,607
2017 $4,734 $23,223 $6,451 $16,772
2016 $4,642 $23,223 $7,406 $15,817
2015 $2,642 $22,860 $10,320 $12,540
2014 $2,642 $21,744 $8,883 $12,861
Source: Public Records

Agents Affiliated with this Home

  • Andrew Haxhiu

    Seller's Agent in 2018

    Andrew Haxhiu

    Comres Realty Group LLC

    (917) 567-6544

    2 in this area

    30 Total Sales

    Andrew Haxhiu
    Section Image
  • Cristina Soberano

    Buyer's Agent in 2018

    Cristina Soberano

    Charles Rutenberg Realty, Inc.

    4 Total Sales

    Cristina Soberano
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY4805021

OneKey® MLS

APN: 04040-0022

New York Bronx County Bronx 10462 Van Nest

1662 Wallace Ave, Bronx, NY

This home is located at 1662 Wallace Ave, Bronx, NY 10462 since 06 February 2018 and is currently estimated at $970,779, approximately $470 per square foot. This property was built in 1901. 1662 Wallace Ave is a home located in Bronx County with nearby schools including P.S. 083 The Donald Hertz School, Bronx Excellence 2, and Icahn Charter School 2.

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