NOT LISTED FOR SALE

Estimated Value: $810,380 - $880,000

6 Beds
2 Baths
2,100 Sq Ft
$403/Sq Ft Est. Value

Last Sold March 26, 2022

Last sale price $450,000 $214 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $5,028/month

618 Days on Market

Highlights

  • Water Access
  • Colonial Architecture
  • Porch
  • 0.04 Acre Lot
  • Balcony
  • 3-minute walk to Matthews Mulliner Playground

About This Home

As of March 2022

INVESTMENT PROPERTY WITH GREAT UPSIDE: Located in the Heart of Morris Park, this two family detached town house is offered at $699,000. Consisting of 12 rooms, 6 bedroom, 2 main bathrooms, and a finished basement, the potential gross yearly income is calculated at $73,200 with each unit rent at $2,400 and basement storage rent at $1,300.00 Amenities include Express Bus to Manhattan, E 180 St transportation Hubm, Bus to Queens, as well as cultural centers of Bronx Zoo, Botanical Gardens, Fordham University, shopping on Morris Park and easy travel to Arthur Avenue/Fordham Road District Enjoy your rear porch/balcony, rear garden and the serenity of country living in the most guarded secret of NYC, affordable housing of the Morris Park Community. 48 hr notice required.

Last Agent to Sell the Property

Richard Greco

Richard Greco Real Estate License #35GR0245678 Listed on: 06/23/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,408

Year Built

  • Built in 1901 | Remodeled in 2006

Lot Details

  • 1,742 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Sloped Lot

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 2,100 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Walk-Out Basement
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Water Access
  • Balcony
  • Patio
  • Porch

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Oil

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 04056-0075

Community Details

Overview

  • 2 Units
  • Morris Park Community
  • Morris Park Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,408

Year Built

Built in 1901 | Remodeled in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: 2 Story, Colonial
  • Property SubType: Multi Family
  • Subdivision Name: Morris Park
  • Development Name: Morris Park
  • Year Built: 1901
  • Year Built Effective: 2006
  • Attribution Contact: 718-518-8588
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2006

Interior Features

  • Interior Amenities: Eat-in Kitchen, Entrance Foyer
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Walk-Out Access
  • Total Bedrooms: 6
  • Living Area: 2100.00
  • Square Footage: 2100.00

Exterior Features

  • Construction Materials: Frame, Aluminum Siding
  • Waterfront Features: Water Access
  • Fencing: Fenced
  • Exterior Features: Balcony
  • Patio and Porch Features: Patio, Porch

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Oil, Hot Water
  • Sewer: Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Additional Fee: 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: 0.0400
  • Lot Size Area: 0.0400
  • Lot Size Sq Ft: 1742.00
  • Lot Size Units: Acres
  • Lot Features: Sloped
  • Parcel Number: 04056-0075
  • Property Attached: No

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Close Date: 2022-03-26
  • Included in Taxes: Sewer, Trash
  • Tax Annual Amount: 4408.00
  • Tax Map Number: 04056-0075

Multi Family

  • Fuel Expense: 5500.00
  • Units Total: 2
  • Three 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
Jun 23, 2020
Closed on
Mar 25, 2022
Sold by
Califano Tony R and Greco Richard
Bought by
1849 Bronxdale Corp
Seller's Agent
Richard Greco
Richard Greco Real Estate
List Price
$699,000
Sold Price
$450,000
Premium/Discount to List
-$249,000
-35.62%
Current Estimated Value
$846,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,595
Avg. Annual Appreciation
18.98%
Original Mortgage
$250,000
Outstanding Balance
$234,857
Interest Rate
3.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$588,996

Purchase Details

Closed on
Dec 15, 2004
Sold by
Califano Tony R
Bought by
Califano Tony R and Greco Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2004
Sold by
Delgiudice Barbara and As Executrix Of Estate Of Nettie Del Giu
Bought by
Califano Tony R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage
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
1849 Bronxdale Corp $450,000 --
1849 Bronxdale Corp $450,000 --
Califano Tony R -- --
Califano Tony R -- --
Califano Tony R $350,000 --
Califano Tony R $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1849 Bronxdale Corp $250,000
Closed 1849 Bronxdale Corp $250,000
Previous Owner Califano Tony R $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2022 03/26/22 Sold $450,000 -35.6% $214 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
07/02/2021 07/02/21 Price Changed $699,000 0.0% $333 / Sq Ft
07/02/2021 07/02/21 For Sale $699,000 +55.3% $333 / Sq Ft
06/22/2021 06/22/21 Off Market $450,000 -- --
04/28/2021 04/28/21 Price Changed $679,000 -1.4% $323 / Sq Ft
04/06/2021 04/06/21 Price Changed $688,888 -1.4% $328 / Sq Ft
11/03/2020 11/03/20 Price Changed $699,000 -3.6% $333 / Sq Ft
08/18/2020 08/18/20 Price Changed $725,000 -5.7% $345 / Sq Ft
07/19/2020 07/19/20 Price Changed $769,000 -2.5% $366 / Sq Ft
06/23/2020 06/23/20 For Sale $788,888 -- $376 / 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 $6,217 $32,784 $5,113 $27,671
2024 $6,217 $30,954 $5,126 $25,828
2023 $6,286 $30,954 $5,357 $25,597
2022 $6,122 $45,660 $7,860 $37,800
2021 $6,092 $40,860 $7,860 $33,000
2020 $5,783 $40,260 $7,860 $32,400
2019 $5,396 $36,600 $7,860 $28,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6047264

OneKey® MLS

APN: 04056-0075