NOT LISTED FOR SALE

1716 Hobart Ave Bronx, NY 10461

Middletown-Pelham Bay Neighborhood

Estimated Value: $1,061,000 - $1,244,000

7 Beds
6 Baths
3,480 Sq Ft
$328/Sq Ft Est. Value

Last Sold December 29, 2017

Last sale price $770,000 $221 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $6,761/month

48 Days on Market

Highlights

  • Colonial Architecture
  • 2-minute walk to Buhre Avenue
  • Formal Dining Room
  • Property is near public transit
  • Wood Flooring
  • 1 Car Detached Garage

About This Home

As of December 2017

True LEGAL 3 family in the heart of Pelham Bay within walking distance to #6 subway line, schools and local commercial area. Large and very spacious units featuring a 2BR/2BA over 2BR/2BA (being used as a 3 BR), over a 2BR/2BA unit. Tenants are responsible for their own heat and hot water! Shared driveway with parking in rear and large garage complete this amazing find. Many updates and renovations throughout. Great house for an investor or for a buyer to live in and live rent free. Very low inventory in Pelham Bay~Home is priced to sell!

Last Agent to Sell the Property

Clarissa Rosado

William Raveis Real Estate Brokerage Phone: 914-723-1212 License #40RO1047398 Listed on: 09/29/2017

William Raveis Real Estate

Last Buyer's Agent

Clarissa Rosado

William Raveis Real Estate Brokerage Phone: 914-723-1212 License #40RO1047398 Listed on: 09/29/2017

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,192

Year Built

  • Built in 1925

Lot Details

  • 2,500 Sq Ft Lot
  • No Common Walls

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Block Exterior
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 3,480 Sq Ft Home
  • Entrance Foyer
  • Formal Dining Room
  • Wood Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Full Bathrooms

Location

  • Property is near public transit

Utilities

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

Listing and Financial Details

  • Tenant pays for cooking gas, electricity, heat
  • Assessor Parcel Number 04175-0041

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,192

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1925
  • Attribution Contact: 914-723-1212
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen, Formal Dining, Entrance Foyer
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Basement: None
  • Total Bedrooms: 7
  • Living Area: 3480
  • SquareFootage: 3480.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Block, Stucco, Vinyl Siding

Garage/Parking

  • 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, Baseboard, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 3

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdditionalFeesYN: 0

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Dimensions: 0.0574
  • Lot Size Sq Ft: 2500
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 04175-0041
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cooking Gas, Electricity, Heat

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3
  • NumberOf1Bedrooms: 0
  • NumberOf2Bedrooms: 2
  • NumberOf3Bedrooms: 1

Tax Info

  • Tax Annual Amount: 6192
  • Tax Map Number: 04175-0041
  • IncludedInTaxes: Sewer,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
Sep 29, 2017
Closed on
Dec 22, 2017
Sold by
Bitner Craig S and Bitner Janet C
Bought by
Sharmin Asma
Seller's Agent
Clarissa Rosado
William Raveis Real Estate
Buyer's Agent
Clarissa Rosado
William Raveis Real Estate
List Price
$749,000
Sold Price
$770,000
Premium/Discount to List
$21,000
2.8%
Current Estimated Value
$1,106,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,306
Avg. Annual Appreciation
5.18%
Original Mortgage
$616,000
Outstanding Balance
$523,187
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$608,690

Purchase Details

Listed on
Feb 28, 2012
Closed on
Aug 3, 2012
Sold by
Zaphire Deric and Zaphire Jules
Bought by
Bitner Craig S and Bitner Janet C
Seller's Agent
Leon Sculti
Sculti Properties Inc.
Buyer's Agent
Clarissa Rosado
William Raveis Real Estate
List Price
$499,000
Sold Price
$460,000
Premium/Discount to List
-$39,000
-7.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.89%
Original Mortgage
$322,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2007
Sold by
Escudero-Zaphire Barbara and Lopez Kateri
Bought by
Zaphire Deric and Zaphire Maggie

Purchase Details

Closed on
Jun 30, 2006
Sold by
Escudero Barbara and Jules Zaphire ,
Bought by
Escudero-Zaphire Barbara and Lopez Kateri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$538,084
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 4, 2003
Sold by
Passafiume Dominick
Bought by
Escudero Barbara and Zaphire Jules

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 1999
Sold by
Chu Yau Lam and Cheng Yeung Ching
Bought by
Passafiume Dominick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage
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
Sharmin Asma $770,000 --
Bitner Craig S $460,000 --
Zaphire Deric -- --
Escudero-Zaphire Barbara -- --
Escudero Barbara $485,000 --
Passafiume Dominick $268,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharmin Asma $616,000
Previous Owner Bitner Craig S $322,000
Previous Owner Escudero-Zaphire Barbara $538,084
Previous Owner Escudero Barbara $80,000
Previous Owner Escudero Barbara $388,000
Previous Owner Passafiume Dominick $323,000
Previous Owner Passafiume Dominick $254,000
Closed Escudero Barbara $72,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2017 12/29/17 Sold $770,000 +2.8% $221 / Sq Ft
09/29/2017 09/29/17 Pending -- -- --
09/29/2017 09/29/17 For Sale $749,000 +62.8% $215 / Sq Ft
07/14/2012 07/14/12 Sold $460,000 -7.8% $132 / Sq Ft
04/17/2012 04/17/12 Pending -- -- --
02/28/2012 02/28/12 For Sale $499,000 -- $143 / 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 $8,451 $42,077 $5,820 $36,257
2024 $8,451 $42,077 $5,393 $36,684
2023 $8,091 $39,839 $5,745 $34,094
2022 $7,503 $57,600 $9,120 $48,480
2021 $7,822 $50,400 $9,120 $41,280
2020 $7,422 $43,140 $9,120 $34,020
2019 $7,335 $43,140 $9,120 $34,020
2018 $6,768 $33,199 $8,061 $25,138
2017 $6,385 $31,320 $9,120 $22,200
2016 $6,192 $30,973 $9,089 $21,884
2015 $4,020 $29,220 $10,140 $19,080
2014 $4,020 $29,220 $10,140 $19,080
Source: Public Records

Agents Affiliated with this Home

  • Clarissa Rosado

    Seller's Agent in 2017

    Clarissa Rosado

    William Raveis Real Estate

    (646) 548-4415

    75 Total Sales

    Section Image

  • L

    Seller's Agent in 2012

    Leon Sculti

    Sculti Properties Inc.

See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY4743676

OneKey® MLS

APN: 04175-0041

New York Bronx County Bronx 10461 Middletown-Pelham Bay

1716 Hobart Ave, Bronx, NY

This home is located at 1716 Hobart Ave, Bronx, NY 10461 since 29 September 2017 and is currently estimated at $1,142,653, approximately $328 per square foot. This property was built in 1925. 1716 Hobart 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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