NOT LISTED FOR SALE

1843 Wallace Ave Bronx, NY 10462

Van Nest Neighborhood

Estimated Value: $843,828 - $1,251,000

8 Beds
3 Baths
3,636 Sq Ft
$277/Sq Ft Est. Value

Last Sold November 20, 2019

Last sale price $725,000 $199 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,880/month

37 Days on Market

Highlights

  • 0.05 Acre Lot
  • Main Floor Primary Bedroom
  • Eat-In Kitchen
  • Colonial Architecture
  • Porch
  • 5-minute walk to Matthews Mulliner Playground

About This Home

As of November 2019

Great opportunity to own this fully detached solid 3-family home in prime Morris Park, Bronx.The owner's apartment features a living room, 3 large bedrooms, eat-in kitchen, and full bath. The second floor has 4 bedrooms, a living room, eat-in kitchen, full bath, and balcony. The walk-in apartment has one bedroom, living room/ eat-in kitchen and full bathroom. The house has a lot of updates, bright apartments with many windows. Nice front porch, back yard and parking space for two cars.

Last Agent to Sell the Property

Talaat Elkaray

Keller Williams Landmark II License #40EL0920920 Listed on: 07/07/2019

Keller Williams Landmark II

Last Buyer's Agent

Talaat Elkaray

Keller Williams Landmark II License #40EL0920920 Listed on: 07/07/2019

Keller Williams Landmark II

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,944

Year Built

  • Built in 1899

Lot Details

  • 2,375 Sq Ft Lot
  • Lot Dimensions are 25x95
  • No Common Walls

Parking

  • Shared Driveway

Home Design

  • Colonial Architecture
  • Frame Construction

Interior Spaces

  • Combination Dining and Living Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Utilities

  • Cooling Available
  • Heating System Uses Steam
  • Heating System Uses Oil

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,944

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Building Permit: No
  • Bylaws Attached: No
  • Building Size: 21x50
  • Year Built: 1899
  • New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Interior Amenities: Master Downstairs, Eat-in Kitchen, Living Room / Dining Room
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Full
  • Inclusions: Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
  • Living Quarters: No
  • Total Bedrooms: 8
  • Fireplace: No
  • Kitchens: 3

Exterior Features

  • Construction Materials: Frame
  • Flood Zone Report: No
  • Pool Private: No
  • Spa: No
  • Patio and Porch Features: Porch
  • Waterfront: No
  • View YN: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Open Parking: No
  • Parking Description: Shared Driveway

Utilities

  • Cooling: Yes
  • Heating: Oil, Steam

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Additional Fee: No

Schools

  • School District Number: 11

Lot Info

  • Elevation Certificate: No
  • Extra Land Available: No
  • Lot Size Acres: 0.0500
  • Lot Size Area: 0.0500
  • Lot Dimensions: 25x95
  • Lot Size Sq Ft: 2375.00
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2019-11-20
  • Tax Annual Amount: 5944.00

Multi Family

  • Units Total: 3

MLS Schools

  • Middle School District: community school 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2019
Closed on
Nov 20, 2019
Sold by
Polanco Jenny and Polanco Radhames
Bought by
Abdulla Nabil and Abdullah Awadh
Seller's Agent
Talaat Elkaray
Keller Williams Landmark II
Buyer's Agent
Talaat Elkaray
Keller Williams Landmark II
List Price
$949,000
Sold Price
$725,000
Premium/Discount to List
-$224,000
-23.6%
Current Estimated Value
$964,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,550
Avg. Annual Appreciation
4.36%
Original Mortgage
$465,000
Outstanding Balance
$412,601
Interest Rate
3.6%
Estimated Equity
$513,103

Purchase Details

Closed on
Jun 11, 1999
Sold by
Finkel Arnie and Finkel Helene
Bought by
Polanco Radhames and Polanco Jenny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,416
Interest Rate
8.1%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Abdulla Nabil $725,000 --
Polanco Radhames $230,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abdulla Nabil $465,000
Previous Owner Polanco Jenny $250,000
Previous Owner Polanco Radhames $223,416
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2019 11/20/19 Sold $725,000 -23.6% $199 / Sq Ft
08/13/2019 08/13/19 Pending -- -- --
07/07/2019 07/07/19 For Sale $949,000 -- $261 / 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 $7,187 $37,928 $6,342 $31,586
2024 $7,187 $35,782 $6,312 $29,470
2023 $6,856 $33,758 $5,501 $28,257
2022 $6,358 $47,640 $9,240 $38,400
2021 $6,703 $38,700 $9,240 $29,460
2020 $6,690 $40,620 $9,240 $31,380
2019 $5,945 $33,060 $9,240 $23,820
2018 $5,437 $28,132 $7,269 $20,863
2017 $5,111 $26,541 $8,828 $17,713
2016 $4,996 $26,541 $8,393 $18,148
2015 $2,800 $26,339 $9,624 $16,715
2014 $2,800 $24,849 $8,636 $16,213
Source: Public Records

Agents Affiliated with this Home

  • Talaat Elkaray

    Seller's Agent in 2019

    Talaat Elkaray

    Keller Williams Landmark II

    (917) 364-6295

    1 in this area

    33 Total Sales

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Map

Source: OneKey® MLS

MLS Number: KEY3144838

OneKey® MLS

APN: 04052-0053

New York Bronx County Bronx 10462 Van Nest

1843 Wallace Ave, Bronx, NY

This home is located at 1843 Wallace Ave, Bronx, NY 10462 since 07 July 2019 and is currently estimated at $1,006,207, approximately $276 per square foot. This property was built in 1899. 1843 Wallace Ave is a home located in Bronx County with nearby schools including P.S. 105 Senator Abraham Bernstein, Bronx Green Middle School, and Pelham Academy.

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