NOT LISTED FOR SALE

1727 Montgomery Ave Bronx, NY 10453

Morris Heights Neighborhood

Estimated Value: $711,756 - $950,000

6 Beds
3 Baths
2,310 Sq Ft
$371/Sq Ft Est. Value

Last Sold May 30, 2018

Last sale price $575,000 $249 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,739/month

78 Days on Market

Highlights

  • Property is near public transit
  • Patio
  • Baseboard Heating
  • Eat-In Kitchen
  • Park
  • 1 Car Garage

About This Home

As of May 2018

Brick semi-attached home with a two car parking garage and small paved back-yard in the Morris Heights Section of the Bx. This is a legal three family home with four gas meters, an internal fire sprinkler system and a walk out finished above grade basement with summer kitchen. Right off University Avenue and walking distance to BCC College and multiple transportation hubs for quick access to Manhattan. 4/5 subway access at 176th St & Jerome and Metro North access at the Morris Heights station right outside the Roberto Clemente State Park. Enjoy summer time dips in the Olympic sized pool or strolls down the Harlem River walkway at the State Park. All units are tenant occupied with an annual rental income of $48,600, which equals a gross rate multiplier (GRM)of only 7.7 !! / ($48,600/$625,000). Please note the owner has accepted and offer and requested we stop all showings until further notice.

Last Agent to Sell the Property

Gregory Tsougranis

Keller Williams Realty NYC Grp Brokerage Phone: 718-697-6800 License #10301201886 Listed on: 12/01/2017

Keller Williams Realty NYC Grp

Last Buyer's Agent

Maria Capotorto

Douglas Elliman Real Estate License #10301221261

Douglas Elliman Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,300

Year Built

  • Built in 1915

Lot Details

  • 2,525 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 1 Car Garage

Home Design

  • 2,310 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Finished Basement

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

Utilities

  • No Cooling
  • Baseboard Heating
  • Heating System Uses Oil

Additional Features

  • Eat-In Kitchen
  • Patio
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 02877-0473

Community Details

Recreation

  • Park

Additional Features

  • 3 Units
  • 4 Separate Electric Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,300

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks
  • Property SubType: Multi Family
  • Year Built: 1915
  • Attribution Contact: 718-697-6800
  • Village: Bronx
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 6
  • Living Area: 2310
  • SquareFootage: 2310.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick
  • Patio and Porch Features: Patio

Garage/Parking

  • Total Parking Spaces: 3
  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Garage

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Baseboard
  • Security: Fire Sprinkler System
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Fuel Oil Stand Alone
  • NumberOfHeatingZones: 1

Association/Amenities

  • Community Features: Park

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 Dimensions: 2525.0000
  • Lot Size Sq Ft: 2525
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 02877-0473
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 4
  • NumberOf1Bedrooms: 1
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 1

Tax Info

  • Tax Annual Amount: 1300
  • Tax Map Number: 02877-0473
  • 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
Dec 1, 2017
Closed on
May 30, 2018
Sold by
Brown Sharon and Brown Steadroy
Bought by
Guerrero Jimenez Noelia A and Sosa Luis E
Seller's Agent
Gregory Tsougranis
Keller Williams Realty NYC Grp
Buyer's Agent
Maria Capotorto
Douglas Elliman Real Estate
List Price
$625,000
Sold Price
$575,000
Premium/Discount to List
-$50,000
-8%
Current Estimated Value
$846,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,092
Avg. Annual Appreciation
5.83%
Original Mortgage
$555,809
Outstanding Balance
$483,700
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$380,790

Purchase Details

Closed on
Jul 12, 1996
Sold by
Hernandez Fred and Hernandez Lucy Badillo
Bought by
Brown Steadroy and Brown Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,500
Interest Rate
8.4%
Mortgage Type
FHA
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
Guerrero Jimenez Noelia A $575,000 --
Brown Steadroy $140,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guerrero Jimenez Noelia A $555,809
Previous Owner Brown Sharon $378,000
Previous Owner Brown Sharon $330,000
Previous Owner Brown Steadroy $216,000
Previous Owner Brown Steadroy $520,000
Previous Owner Brown Steadroy $134,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2018 05/30/18 Sold $575,000 -8.0% $249 / Sq Ft
11/30/2017 11/30/17 Pending -- -- --
11/30/2017 11/30/17 For Sale $625,000 -- $271 / 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 $1,547 $7,807 $1,427 $6,380
2024 $1,547 $7,702 $1,374 $6,328
2023 $1,476 $7,270 $1,424 $5,846
2022 $1,372 $43,860 $7,920 $35,940
2021 $1,372 $39,300 $7,920 $31,380
2020 $1,377 $34,380 $7,920 $26,460
2019 $1,343 $33,060 $7,920 $25,140
2018 $1,235 $6,058 $1,813 $4,245
2017 $1,168 $5,728 $1,569 $4,159
2016 $1,086 $5,431 $1,788 $3,643
2015 $652 $5,422 $1,803 $3,619
2014 $652 $5,349 $2,102 $3,247
Source: Public Records

Agents Affiliated with this Home

  • Gregory Tsougranis

    Seller's Agent in 2018

    Gregory Tsougranis

    Keller Williams Realty NYC Grp

    (845) 304-5745

    1 in this area

    80 Total Sales

    Section Image
  • Maria Capotorto

    Buyer's Agent in 2018

    Maria Capotorto

    Douglas Elliman Real Estate

    (917) 566-7731

    2 in this area

    98 Total Sales

    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY4750868

OneKey® MLS

APN: 02877-0473

New York Bronx County Bronx 10453 Morris Heights

1727 Montgomery Ave, Bronx, NY

This home is located at 1727 Montgomery Ave, Bronx, NY 10453 since 01 December 2017 and is currently estimated at $855,939, approximately $370 per square foot. This property was built in 1915. 1727 Montgomery Ave is a home located in Bronx County with nearby schools including P.S. 109 Sedgwick, I.S. 229 Roland Patterson, and Charter High School for Law & Social Justice.

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