NOT LISTED FOR SALE

1827 Wallace Ave Bronx, NY 10462

Van Nest Neighborhood

Estimated Value: $725,852 - $986,000

6 Beds
2 Baths
2,184 Sq Ft
$403/Sq Ft Est. Value

Last Sold April 05, 2022

Last sale price $830,000 $380 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,148/month

44 Days on Market

Highlights

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

About This Home

As of April 2022

Don't miss the opportunity to own a great investment property in the Morris Park section of the Bronx. This is a legal 2 family home with a full accessory unit in the basement. The basement and main floor unit have been completely renovated in the last 18 months and the roof was replaced less than a year ago. Top floor apartment is vacant and the first-floor is owner-occupied. There is a great long-term tenant in the basement who would like to stay if possible but the house can be delivered vacant. As a bonus and rare find in this neighborhood, there is off-street parking for 2-3 cars behind the house via a wide shared driveway. Shops, restaurants, houses of worship, and public transportation are all close by. This house is the perfect set-up for an absentee landlord or large family.

Last Agent to Sell the Property

Matthew Harms

Time Away Realty Group License #10311209345 Listed on: 01/05/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,800

Year Built

  • Built in 1899

Lot Details

  • 2,374 Sq Ft Lot
  • No Common Walls

Parking

  • Off-Street Parking

Home Design

  • 2,184 Sq Ft Home
  • Tri-Level Property
  • Frame Construction
  • Aluminum Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Finished Basement

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

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Oil
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 04052-0059

Community Details

Overview

  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,800

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks, Trilevel
  • Property SubType: Multi Family
  • Year Built: 1899
  • Attribution Contact: 646-261-8348
  • 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
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 6
  • Living Area: 2184.00
  • Square Footage: 2184.00

Exterior Features

  • Construction Materials: Frame, Aluminum Siding

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Off Street

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Oil, 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: 04052-0059
  • Property Attached: No

Rental Info

  • Hold Start Date: 2022-02-14

Tax Info

  • Close Date: 2022-04-05
  • Tax Annual Amount: 5800.00
  • Tax Map Number: 04052-0059

Multi Family

  • Units Total: 3
  • Three Bedrooms: 3
  • 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
Jan 5, 2022
Closed on
Apr 5, 2022
Sold by
Tina Rolly and Tina Rolly T
Bought by
Catacutan Demetrio R and Palatulan Emmanuel
Seller's Agent
Matthew Harms
Time Away Realty Group
List Price
$899,000
Sold Price
$830,000
Premium/Discount to List
-$69,000
-7.68%
Current Estimated Value
$881,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,213
Avg. Annual Appreciation
1.66%
Original Mortgage
$705,500
Outstanding Balance
$665,546
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$215,667
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
Catacutan Demetrio R $830,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Catacutan Demetrio R $705,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2022 04/05/22 Sold $830,000 0.0% $380 / Sq Ft
02/18/2022 02/18/22 Pending -- -- --
02/14/2022 02/14/22 Off Market $830,000 -- --
02/14/2022 02/14/22 Price Changed $875,000 -2.7% $401 / Sq Ft
01/05/2022 01/05/22 For Sale $899,000 -- $412 / 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 $6,045 $31,888 $6,031 $25,857
2024 $6,045 $30,097 $5,608 $24,489
2023 $5,999 $29,539 $4,871 $24,668
2022 $5,563 $45,420 $8,340 $37,080
2021 $5,673 $40,380 $8,340 $32,040
2020 $5,625 $37,140 $8,340 $28,800
2019 $5,247 $34,800 $8,340 $26,460
2018 $5,018 $24,616 $5,789 $18,827
2017 $4,734 $23,223 $7,722 $15,501
2016 $4,491 $22,464 $6,954 $15,510
2015 $2,423 $22,144 $7,413 $14,731
2014 $2,423 $20,901 $7,851 $13,050
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Matthew Harms

    Time Away Realty Group

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Map

Source: OneKey® MLS

MLS Number: KEY6160075

OneKey® MLS

APN: 04052-0059

New York Bronx County Bronx 10462 Van Nest

1827 Wallace Ave, Bronx, NY

Not Listed for Sale

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