NOT LISTED FOR SALE

1816 Wallace Ave Bronx, NY 10462

Van Nest Neighborhood

Estimated Value: $715,786 - $899,000

5 Beds
2 Baths
1,512 Sq Ft
$528/Sq Ft Est. Value

Sale Details

Date Sold: April 24, 2017

Last sale price $550,000 $364 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,806 / mo

Highlights

  • 0.05 Acre Lot
  • Forced Air Heating System
  • 4-minute walk to Matthews Mulliner Playground
  • Main Floor Primary Bedroom

About This Home

As of April 2017

Own this fully renovated two family home with as little as $22,000 down. features a 3br over a 2br plus finished walkout basement with full bath. Also hard wood floors, stainless steel appliances in Morris Park Neighborhood

Last Agent to Sell the Property

Jay Gottlieb

Jay Gottlieb License #10351213935 Listed on: 11/21/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899 | Remodeled in 2016

Lot Details

  • 2,374 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 1,512 Sq Ft Home
  • Vinyl Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Finished Basement

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • 2 Units
  • 3 Separate Electric Meters

Listing and Financial Details

  • Tenant pays for electricity

Property Details

Home Type

Multi-Family

Year Built

Built in 1899 | Remodeled in 2016

Lot Details

2,374 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Building Permit: No
  • Bylaws Attached: No
  • Year Built: 1899
  • New Construction: No
  • Year Built Effective: 2016
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Interior Amenities: Master Downstairs
  • Living Area Units: Square Feet
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Finished, Full, Walk-Out Access
  • Living Quarters: No
  • Total Bedrooms: 5
  • Fireplace: No
  • Living Area: 1512.00

Exterior Features

  • Construction Materials: Vinyl Siding
  • Flood Zone Report: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Open Parking: No
  • Parking Description: On Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Forced Air
  • Hot Water: Electric Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Additional Fee: No

Lot Info

  • Elevation Certificate: No
  • Extra Land Available: No
  • Lot Size Acres: 0.0500
  • Lot Dimensions: 0.0545
  • Lot Size Sq Ft: 2374.00
  • Lot Size Units: Acres
  • Property Attached: No

Rental Info

  • Lease Considered: No
  • Tenant Pays: Electricity

Tax Info

  • Close Date: 2017-04-24
  • Flip Tax: No

Multi Family

  • Units Total: 2
  • Two Bedrooms: 1
  • Three Bedrooms: 2
  • Separate Electric Meters: 3

MLS Schools

  • Middle School District: Bronx 10

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2016
Closed on
Apr 11, 2017
Sold by
Bought by
Seller's Agent
Jay Gottlieb
Jay Gottlieb
List Price
$625,000
Sold Price
$550,000
Premium/Discount to List
-$75,000
-12%
Current Estimated Value
$798,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,197
Avg. Annual Appreciation
4.15%
Original Mortgage
$522,500
Outstanding Balance
$426,102
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$372,095

Purchase Details

Closed on
Jan 27, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,120
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,750
Interest Rate
7.05%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 31, 2001
Sold by
Bought by

Purchase Details

Closed on
Aug 24, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 28, 1996
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,252
Interest Rate
7.36%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 27, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$550,000 --
$260,000 --
$399,000 --
$275,000 --
$175,000 --
$150,000 --
$195,000 Commonwealth Land Title Ins
$85,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $522,500
Previous Owner $85,000
Previous Owner $351,120
Previous Owner $270,750
Previous Owner $193,252
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/24/2017 04/24/17 Sold $550,000 -12.0% $364 / Sq Ft
11/21/2016 11/21/16 Pending -- -- --
11/21/2016 11/21/16 For Sale $625,000 -- $413 / Sq Ft
Source: OneKey® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,944 $31,368 $8,472 $22,896
2025 $5,613 $29,593 $7,333 $22,260
2024 $5,613 $27,946 $6,834 $21,112
2023 $5,676 $27,946 $6,485 $21,461
2022 $5,529 $39,780 $10,080 $29,700
2021 $5,501 $36,120 $10,080 $26,040
2020 $5,220 $34,200 $10,080 $24,120
2019 $4,872 $30,480 $10,080 $20,400
2018 $4,747 $23,288 $7,152 $16,136
2017 $4,705 $23,079 $10,019 $13,060
2016 $4,355 $21,783 $9,811 $11,972
2015 $2,626 $20,551 $10,034 $10,517
2014 $2,626 $19,407 $8,499 $10,908
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jay Gottlieb

    Jay Gottlieb

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Map

Source: OneKey® MLS

MLS Number: KEY4649678

OneKey® MLS

APN: 04053-0012

New York Bronx County Bronx 10462 Van Nest

1816 Wallace Ave, Bronx, NY

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