NOT LISTED FOR SALE

1733 Wallace Ave Bronx, NY 10462

Van Nest Neighborhood

Estimated Value: $1,015,000 - $1,344,000

7 Beds
3 Baths
2,880 Sq Ft
$399/Sq Ft Est. Value

Last Sold September 19, 2018

Last sale price $835,000 $290 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $6,632/month

5 Days on Market

Highlights

  • 0.05 Acre Lot
  • Property is near public transit
  • Granite Countertops
  • Colonial Architecture
  • Wood Flooring
  • 4-minute walk to Matthews Mulliner Playground

About This Home

As of September 2018

Morris Park location, Completely renovated. 3 family home. 3 new gas hot water boilers and hot water heaters. Fully occupied. Pre-finished cherry hardwood floors. New appliances. Renovated bathrooms. Large concrete backyard with privacy fence. New roof and windows. Short walk to public transportation and retail stores.

Last Agent to Sell the Property

Joe Cosentino

Morris Park Realty Group License #10311205741 Listed on: 07/13/2018

Last Buyer's Agent

Kenneth Fuentes

Keller Williams Realty NYC Grp License #10401214433

Keller Williams Realty NYC Grp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,241

Year Built

  • Built in 1915 | Remodeled in 2006

Lot Details

  • 2,374 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Level Lot

Home Design

  • Colonial Architecture
  • Frame Construction
  • Stucco

Interior Spaces

  • 2,880 Sq Ft Home
  • Entrance Foyer
  • Wood Flooring
  • Granite Countertops

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Utilities

  • No Cooling
  • 3 Heating Zones
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 04035-0011

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,241

Year Built

Built in 1915 | Remodeled in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1915
  • Year Built Effective: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2006

Interior Features

  • Interior Amenities: Entrance Foyer, Granite Counters
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: None
  • Total Bedrooms: 7
  • Living Area: 2880.00
  • Square Footage: 2880.00

Exterior Features

  • Construction Materials: Frame, Stucco
  • Fencing: Fenced
  • View YN: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Baseboard
  • Hot Water: Gas Stand Alone
  • Heating Zones: 3
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Additional Fee: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Dimensions: 0.0545
  • Lot Size Sq Ft: 2374.00
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 04035-0011
  • Property Attached: No

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Close Date: 2018-09-19
  • Included in Taxes: Trash
  • Tax Annual Amount: 5241.00
  • Tax Map Number: 04035-0011

Multi Family

  • Units Total: 3
  • Two Bedrooms: 2
  • Three Bedrooms: 1
  • Separate Electric Meters: 4
  • 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
Jul 13, 2018
Closed on
Sep 18, 2018
Sold by
1733 Wallace Llc
Bought by
Legend Realty Holding Llc
Seller's Agent
Joe Cosentino
Morris Park Realty Group
Buyer's Agent
Kenneth Fuentes
Keller Williams Realty NYC Grp
List Price
$850,000
Sold Price
$835,000
Premium/Discount to List
-$15,000
-1.76%
Current Estimated Value
$1,147,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,869
Avg. Annual Appreciation
4.38%
Original Mortgage
$500,000
Outstanding Balance
$434,230
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$713,639

Purchase Details

Closed on
Sep 7, 2016
Sold by
Pierre Janvier Esq As Referee
Bought by
1733 Wallace Llc

Purchase Details

Closed on
Apr 5, 2007
Sold by
Perri Angela L and Perri Richard J
Bought by
R A P Parkview Avenue Family Limited Pa

Purchase Details

Closed on
Jan 26, 2006
Sold by
Distefano Joseph
Bought by
Perri Angela L and Perri Richard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 2001
Sold by
Pharao Louis A Est and Pharao Louis A
Bought by
Distefano Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2001
Sold by
Pharao Louis A and Pharao Elvira
Bought by
Pharao Louis A and Pharao Louis D

Purchase Details

Closed on
Feb 17, 1994
Sold by
Pharao Louis A and Pharao Elvira
Bought by
Pharao Louis A and Pharao Elvira
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Legend Realty Holding Llc $835,000 --
Legend Realty Holding Llc $835,000 --
1733 Wallace Llc $457,314 --
1733 Wallace Llc $457,314 --
R A P Parkview Avenue Family Limited Pa -- --
R A P Parkview Avenue Family Limited Pa -- --
Perri Angela L $540,000 --
Perri Angela L $540,000 --
Distefano Joseph -- --
Distefano Joseph -- --
Pharao Louis A -- --
Pharao Louis A -- --
Pharao Louis A -- Ticor Title Guarantee Compan
Pharao Louis A -- Ticor Title Guarantee Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Legend Realty Holding Llc $500,000
Closed Legend Realty Holding Llc $500,000
Previous Owner Perri Angela L $405,000
Previous Owner Distefano Joseph $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2018 09/19/18 Sold $835,000 -1.8% $290 / Sq Ft
07/13/2018 07/13/18 Pending -- -- --
07/13/2018 07/13/18 For Sale $850,000 -- $295 / Sq Ft
Source: OneKey® MLS

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 $8,052 $42,496 $6,521 $35,975
2024 $8,052 $40,091 $6,242 $33,849
2023 $7,744 $38,131 $6,668 $31,463
2022 $7,243 $46,440 $8,940 $37,500
2021 $7,635 $47,760 $8,940 $38,820
2020 $7,630 $46,680 $8,940 $37,740
2019 $6,043 $38,880 $8,940 $29,940
2018 $5,556 $27,253 $7,316 $19,937
2017 $5,241 $25,712 $6,571 $19,141
2016 $5,140 $25,712 $7,647 $18,065
2015 $2,926 $25,516 $8,717 $16,799
2014 $2,926 $24,073 $9,173 $14,900
Source: Public Records

Agents Affiliated with this Home

  • Joe Cosentino

    Seller's Agent in 2018

    Joe Cosentino

    Morris Park Realty Group

    (718) 239-7000

    3 in this area

    172 Total Sales

    Joe Cosentino
    Section Image
  • Kenneth Fuentes

    Buyer's Agent in 2018

    Kenneth Fuentes

    Keller Williams Realty NYC Grp

    (917) 335-6920

    1 in this area

    66 Total Sales

    Kenneth Fuentes
    Section Image

  • T

    Buyer's Agent in 2018

    Tripti Ghosh

    LAFFEY REAL ESTATE

    1 in this area

    43 Total Sales

    Tripti Ghosh
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY4832911

OneKey® MLS

APN: 04035-0011

New York Bronx County Bronx 10462 Van Nest

1733 Wallace Ave, Bronx, NY

Not Listed for Sale

MultiFamily

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