NOT LISTED FOR SALE

1838 Wallace Ave Bronx, NY 10462

Van Nest Neighborhood

Estimated Value: $743,511 - $929,000

5 Beds
2 Baths
2,180 Sq Ft
$377/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $635,000 $291 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,875/month

71 Days on Market

Highlights

  • 0.05 Acre Lot
  • Property is near public transit
  • Park
  • Colonial Architecture
  • Cooling System Mounted In Outer Wall Opening
  • 4-minute walk to Matthews Mulliner Playground

About This Home

As of September 2023

Detached legal two family with a full walkout basement.Three bedroom over two bedroom over unfinished basement with separate entrance. Each unit has its own balcony,Newer gas furnace and gas water heater.In need of TLC. Located in the heart of Morris Park.

Last Agent to Sell the Property

Musa Balidemaj

Elite Real Estate Group 1 LLC License #10491203878 Listed on: 04/11/2023

Last Buyer's Agent

Musa Balidemaj

Elite Real Estate Group 1 LLC License #10491203878 Listed on: 04/11/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,800

Year Built

  • Built in 1899

Lot Details

  • 2,374 Sq Ft Lot
  • No Common Walls

Home Design

  • Colonial Architecture
  • Aluminum Siding
  • Shingle Siding

Interior Spaces

  • 2,180 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cooking gas, electricity
  • Assessor Parcel Number 04053-0021

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

$6,800

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1899
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Full
  • Total Bedrooms: 5
  • Living Area: 2180
  • SquareFootage: 2180.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Aluminum Siding, Shingle Siding

Garage/Parking

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

Utilities

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

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2374
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 04053-0021
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cooking Gas, Electricity

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 1

Tax Info

  • Tax Annual Amount: 6800
  • Tax Map Number: 04053-0021

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, 2023
Closed on
Sep 8, 2023
Sold by
Calisi Lucia and Calisi Silverio
Bought by
Lin Wei and Wu Yanming
Seller's Agent
Musa Balidemaj
Elite Real Estate Group 1 LLC
Buyer's Agent
Musa Balidemaj
Elite Real Estate Group 1 LLC
List Price
$699,000
Sold Price
$635,000
Premium/Discount to List
-$64,000
-9.16%
Views
274
Current Estimated Value
$821,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,878
Avg. Annual Appreciation
12.44%
Original Mortgage
$508,000
Outstanding Balance
$497,226
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$324,652

Purchase Details

Closed on
Oct 16, 2019
Sold by
Calisi Cal and Calisi Concettina
Bought by
Calisi Concettina and Calisi Lucia

Purchase Details

Closed on
Jul 31, 2002
Sold by
Calisi Maria
Bought by
Calis Silverio and Calis Cal
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lin Wei $635,000 --
Calisi Concettina -- --
Calis Silverio -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Wei $508,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2023 09/08/23 Sold $635,000 -9.2% $291 / Sq Ft
06/21/2023 06/21/23 Pending -- -- --
04/11/2023 04/11/23 For Sale $699,000 -- $321 / 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 $6,513 $34,372 $7,319 $27,053
2024 $6,513 $32,426 $6,688 $25,738
2023 $6,213 $30,594 $5,953 $24,641
2022 $5,762 $45,420 $9,480 $35,940
2021 $6,074 $41,700 $9,480 $32,220
2020 $6,063 $39,000 $9,480 $29,520
2019 $4,649 $38,160 $9,480 $28,680
2018 $3,560 $25,495 $6,747 $18,748
2017 $3,745 $24,052 $8,879 $15,173
2016 $1,528 $24,052 $8,315 $15,737
2015 $805 $23,869 $10,138 $13,731
2014 $805 $22,519 $8,438 $14,081
Source: Public Records

Agents Affiliated with this Home

  • Musa Balidemaj

    Seller's Agent in 2023

    Musa Balidemaj

    Elite Real Estate Group 1 LLC

    (646) 942-3487

    4 in this area

    85 Total Sales

    Musa Balidemaj
    Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY6242368

OneKey® MLS

APN: 04053-0021

New York Bronx County Bronx 10462 Van Nest

1838 Wallace Ave, Bronx, NY

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

OneKey® MLS The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Copyright 2025 OneKey® MLS. All rights reserved.

Nearby Homes