NOT LISTED FOR SALE

Estimated Value: $1,239,925

4 Beds
2 Baths
4,032 Sq Ft
$308/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $995,000 $247 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,435/month

32 Days on Market

Highlights

  • Property is near public transit
  • 2 Car Detached Garage
  • Park
  • Formal Dining Room
  • Cooling System Mounted In Outer Wall Opening
  • 4-minute walk to Matthews Mulliner Playground

About This Home

As of September 2022

Beautiful brick legal 2-Family home boasting 4,000+ square feet in the Morris Park section of the Bronx! Lovingly maintained by the same family for the past 45 years. This home features two 2-bedroom/1-bath units with towering ceilings and a partially finished walkout basement that adds tremendous potential. Each unit offers a sun-filled and spacious eat-in kitchen, formal dining room and family room. Never again worry about parking with a large 2-car detached garage and driveway. You will not be disappointed with all this home has to offer and the income-producing potential! Walking distance to shops, restaurants, schools, and public transportation for added convenience. Common laundry in basement. Two gas meters and two electric meters.

Last Agent to Sell the Property

Anthony Lando

Julia B Fee Sothebys Int. Rlty License #10401266678 Listed on: 07/08/2022

Julia B Fee Sothebys Int. Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,901

Year Built

  • Built in 1925

Lot Details

  • 3,324 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,032 Sq Ft Home
  • Formal Dining Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

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

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • 2 Heating Zones
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 04124-0050

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,901

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1925
  • Attribution Contact: 914-295-3500
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Formal Dining Room
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Full, Partially Finished, Walk-Out Access
  • Total Bedrooms: 4
  • Living Area: 4032.00
  • Square Footage: 4032.00

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Description: Detached, 2 Car Detached

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Garbage Removal: Public
  • Heating: Natural Gas, Hot Water
  • Hot Water: Gas Stand Alone
  • Heating Zones: 2
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

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: 0.0800
  • Lot Size Area: 0.0800
  • Lot Size Sq Ft: 3324.00
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 04124-0050
  • Property Attached: No

Rental Info

  • Hold Start Date: 2022-07-19

Tax Info

  • Close Date: 2022-09-30
  • Included in Taxes: Sewer, Trash
  • Tax Annual Amount: 6901.00
  • Tax Map Number: 04124-0050

Multi Family

  • Units Total: 2
  • Two Bedrooms: 2
  • 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
Jul 8, 2022
Closed on
Sep 30, 2022
Sold by
Papa Marylou and Scotti Ingrid
Bought by
1826 Fowler Ave Corp
Seller's Agent
Anthony Lando
Julia B Fee Sothebys Int. Rlty
List Price
$995,000
Sold Price
$995,000
Views
8
Current Estimated Value
$1,239,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,925
Avg. Annual Appreciation
7.27%
Original Mortgage
$700,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2022
Sold by
Ingrid Scotti As Executor and Lorenzo Scotti Deceased
Bought by
Scotti Ingrid

Purchase Details

Closed on
Mar 18, 2000
Sold by
Scotti Pompeo
Bought by
Scotti Lorenzo and Papa Marylou
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
1826 Fowler Ave Corp $995,000 --
1826 Fowler Ave Corp $995,000 --
Scotti Ingrid -- --
Scotti Ingrid -- --
Scotti Lorenzo -- Commonwealth Land Title Ins
Scotti Lorenzo -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1826 Fowler Ave Corp $850,000
Closed 1826 Fowler Ave Corp $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2022 09/30/22 Sold $995,000 0.0% $247 / Sq Ft
08/09/2022 08/09/22 Pending -- -- --
07/19/2022 07/19/22 Off Market $995,000 -- --
07/08/2022 07/08/22 For Sale $995,000 -- $247 / 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 $7,756 $39,139 $9,189 $29,950
2024 $7,756 $38,616 $9,663 $28,953
2023 $7,442 $36,646 $10,584 $26,062
2022 $6,615 $53,640 $15,960 $37,680
2021 $6,561 $50,520 $15,960 $34,560
2020 $6,608 $47,280 $15,960 $31,320
2019 $6,439 $41,100 $15,960 $25,140
2018 $5,928 $30,538 $14,226 $16,312
2017 $5,573 $28,810 $14,087 $14,723
2016 $5,124 $27,180 $15,960 $11,220
2015 $3,414 $28,425 $15,494 $12,931
2014 $3,414 $26,817 $12,427 $14,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6197673

OneKey® MLS

APN: 04124-0050