NOT LISTED FOR SALE

1824 Wallace Ave Bronx, NY 10462

Van Nest Neighborhood

Estimated Value: $737,000 - $898,000

5 Beds
2 Baths
2,434 Sq Ft
$336/Sq Ft Est. Value

Last Sold September 02, 2021

Last sale price $675,000 $277 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,940/month

95 Days on Market

Highlights

  • 0.05 Acre Lot
  • Hot Water Heating System
  • 4-minute walk to Matthews Mulliner Playground

About This Home

As of September 2021

Fantastic opportunity to own a 2 family home in Morris Park. The top floor unit boasts 3 bedrooms (or 2 bedrooms and an office) and 1 bathroom while the ground floor unit offers 2 bedrooms and 1 bathroom along with a deck off of the kitchen that opens down to the backyard where the present owner has gardened for years. The basement is unfinished but perfectly laid out for conversion to a 3rd unit or accessory apartment as it has a private entrance in the rear of the house. Currently used for mechanicals, workshop, and laundry room but all gas and plumbing hookups are in place to add the kitchen, bathroom and up to 2 bedrooms with the right vision. House needs some TLC and is sold strictly "AS-IS" but the bones are solid and it is livable from Day 1!

Last Agent to Sell the Property

Matthew Harms

Time Away Realty Group License #10311209345 Listed on: 04/11/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,300

Year Built

  • Built in 1899

Lot Details

  • 2,374 Sq Ft Lot
  • No Common Walls

Home Design

  • 2,434 Sq Ft Home
  • Aluminum Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 04053-0016

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,300

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1899
  • Attribution Contact: 914-588-8116
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Living Area: 2434.00
  • Square Footage: 2434.00

Exterior Features

  • Construction Materials: Aluminum Siding

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Call Listing Agent
  • Middle School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Size Area: 0.0500
  • Lot Size Sq Ft: 2374.00
  • Lot Size Units: Acres
  • Parcel Number: 04053-0016
  • Property Attached: No

Tax Info

  • Close Date: 2021-09-02
  • Tax Annual Amount: 5300.00
  • Tax Map Number: 04053-0016

Multi Family

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

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
Apr 11, 2021
Closed on
Sep 2, 2021
Sold by
Koehler-Rutella Ingrid
Bought by
Higuera Jesus
Seller's Agent
Matthew Harms
Time Away Realty Group
List Price
$750,000
Sold Price
$675,000
Premium/Discount to List
-$75,000
-10%
Current Estimated Value
$806,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,680
Avg. Annual Appreciation
5.36%
Original Mortgage
$506,250
Outstanding Balance
$463,652
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$365,979

Purchase Details

Closed on
Apr 11, 2008
Sold by
Rutella Ingrid
Bought by
Koehler-Rutella Ingrid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 1995
Sold by
Rutella Michael F and Rutella Ingrid
Bought by
Rutella Ingrid
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
Higuera Jesus $675,000 --
Higuera Jesus $675,000 --
Koehler-Rutella Ingrid -- --
Koehler-Rutella Ingrid -- --
Rutella Ingrid -- Ticor Title Guarantee Compan
Rutella Ingrid -- Ticor Title Guarantee Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Higuera Jesus $506,250
Closed Higuera Jesus $506,250
Previous Owner Koehler-Rutella Ingrid $239,425
Previous Owner Koehler-Rutella Ingrid $250,000
Previous Owner Rutella Ingrid $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2021 09/02/21 Sold $675,000 -3.4% $277 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
07/05/2021 07/05/21 Price Changed $698,999 -1.5% $287 / Sq Ft
06/14/2021 06/14/21 Price Changed $710,000 -3.4% $292 / Sq Ft
06/04/2021 06/04/21 Price Changed $735,000 -1.7% $302 / Sq Ft
05/05/2021 05/05/21 Price Changed $747,500 -0.3% $307 / Sq Ft
04/14/2021 04/14/21 Price Changed $750,000 0.0% $308 / Sq Ft
04/12/2021 04/12/21 Price Changed $750,007 0.0% $308 / Sq Ft
04/11/2021 04/11/21 For Sale $750,000 -- $308 / 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 $33,189 $7,317 $25,872
2024 $6,289 $31,310 $7,071 $24,239
2023 $5,999 $29,539 $6,868 $22,671
2022 $5,563 $41,040 $9,960 $31,080
2021 $5,562 $33,300 $9,960 $23,340
2020 $5,558 $33,060 $9,960 $23,100
2019 $5,165 $31,860 $9,960 $21,900
2018 $4,720 $24,616 $6,688 $17,928
2017 $4,434 $23,223 $8,924 $14,299
2016 $4,333 $23,223 $9,518 $13,705
2015 $2,423 $23,048 $9,704 $13,344
2014 $2,423 $21,744 $8,567 $13,177
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Matthew Harms

    Time Away Realty Group

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Map

Source: OneKey® MLS

MLS Number: KEY6108226

OneKey® MLS

APN: 04053-0016

New York Bronx County Bronx 10462 Van Nest

1824 Wallace Ave, Bronx, NY

This home is located at 1824 Wallace Ave, Bronx, NY 10462 since 11 April 2021 and is currently estimated at $818,406, approximately $336 per square foot. This property was built in 1899. 1824 Wallace Ave is a home located in Bronx County with nearby schools including P.S. 083 The Donald Hertz School, Bronx Excellence 2, and Bronx Charter School For Excellence 2.

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