NOT LISTED FOR SALE

1862 Loring Place S Bronx, NY 10453

Morris Heights Neighborhood

Estimated Value: $810,000 - $965,000

6 Beds
2 Baths
4,140 Sq Ft
$207/Sq Ft Est. Value

Last Sold December 13, 2017

Last sale price $350,000 $85 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $5,112/month

26 Days on Market

Highlights

  • Property is near public transit
  • Porch
  • Hot Water Heating System
  • Formal Dining Room
  • Window Unit Cooling System
  • 3-minute walk to Beanstalk Playground

About This Home

As of December 2017

West Burnside Vicinity- Brick Semi-Detached Two Family. 3 bedroom over 3 bedroom, enclosed porch, large rooms, 2 garage, unfinished basement, Property needs lots of TLC. Cash offers preferred or 203K Loan. Call for more information.

Last Agent to Sell the Property

Urmilla Busgith

Metro Star Realty LLC Brokerage Phone: 718-794-2327 License #10311201920 Listed on: 03/20/2014

Last Buyer's Agent

Lucy Alvarez

Metro Star Realty LLC License #40AL0880500

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,111

Year Built

  • Built in 1920

Lot Details

  • 2,818 Sq Ft Lot
  • No Common Walls
  • Fenced

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,140 Sq Ft Home
  • 2-Story Property
  • Formal Dining Room
  • Unfinished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

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

Additional Features

  • Porch
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cooking gas, electricity
  • Assessor Parcel Number 02879-0066

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,111

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story
  • Property SubType: Multi Family
  • Year Built: 1920
  • Attribution Contact: 718-794-2327
  • Subdivision Name: Semi-Detached
  • Village: Bronx
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Formal Dining
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Unfinished
  • Total Bedrooms: 6
  • Living Area: 4140
  • SquareFootage: 4140.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick
  • Fencing: Fenced
  • Patio and Porch Features: Porch

Garage/Parking

  • Total Parking Spaces: 2
  • Attached Garage: No
  • Garage: No
  • Parking Description: Off Street, On Street

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: On Demand

Condo/Co-op/Association

  • Senior Community: No
  • DevelopmentName: Semi-Detached

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Dimensions: 0.0647
  • Lot Size Sq Ft: 2818
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 02879-0066
  • 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
  • NumberOf1Bedrooms: 0
  • NumberOf2Bedrooms: 0
  • NumberOf3Bedrooms: 2
  • NumberOf4Bedrooms: 0

Tax Info

  • Tax Annual Amount: 2111
  • Tax Map Number: 02879-0066

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: Call Listing Agent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2018
Sold by
Mas & Mas Nyc Corp
Bought by
Olivo Elvia M and Sanchez Miguel A
Total Days on Market
26
Current Estimated Value
$857,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Outstanding Balance
$409,431
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$452,544

Purchase Details

Listed on
Mar 20, 2014
Closed on
Dec 13, 2017
Sold by
Bronx County Public Administrator and Johnson
Bought by
Mas & Mas Nyc Corp
Seller's Agent
Urmilla Busgith
Metro Star Realty LLC
Buyer's Agent
Lucy Alvarez
Metro Star Realty LLC
List Price
$379,000
Sold Price
$350,000
Premium/Discount to List
-$29,000
-7.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.82%
Original Mortgage
$300,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 2001
Sold by
Johnson Priscilla
Bought by
Johnson Urina A and Johnson Thomas
Source: Public Records

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Range of Values:

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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
Olivo Elvia M $525,000 --
Olivo Elvia M $525,000 --
Mas & Mas Nyc Corp $350,000 --
Mas & Mas Nyc Corp $350,000 --
Johnson Urina A $22,500 Commonwealth Land Title Ins
Johnson Urina A -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olivo Elvia M $456,000
Closed Olivo Elvia M $456,000
Previous Owner Mas & Mas Nyc Corp $300,000
Previous Owner Johnson Thomas $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2017 12/13/17 Sold $350,000 -7.7% $85 / Sq Ft
03/19/2014 03/19/14 Pending -- -- --
03/19/2014 03/19/14 For Sale $379,000 -- $92 / 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
2024 $3,547 $17,662 $2,836 $14,826
2023 $3,390 $16,694 $2,931 $13,763
2022 $3,147 $48,420 $8,460 $39,960
2021 $3,137 $43,980 $8,460 $35,520
2020 $3,153 $46,680 $8,460 $38,220
2019 $3,079 $38,880 $8,460 $30,420
2018 $2,836 $13,912 $3,313 $10,599
2017 $2,678 $13,136 $3,331 $9,805
2016 $2,483 $12,420 $3,099 $9,321
2015 $1,495 $12,415 $4,086 $8,329
2014 $1,495 $12,265 $3,783 $8,482
Source: Public Records

Agents Affiliated with this Home

  • Urmilla Busgith

    Seller's Agent in 2017

    Urmilla Busgith

    Metro Star Realty LLC

    (917) 806-4482

    Section Image
  • Lucy Alvarez

    Buyer's Agent in 2017

    Lucy Alvarez

    Metro Star Realty LLC

    Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY4402307

OneKey® MLS

APN: 02879-0066

New York Bronx County Bronx 10453 Morris Heights

1862 Loring Place S, Bronx, NY

This home is located at 1862 Loring Place S, Bronx, NY 10453 since 20 March 2014 and is currently estimated at $857,904, approximately $207 per square foot. This property was built in 1920. 1862 Loring Place S is a home located in Bronx County with nearby schools including P.S. 226, Ms 390, and Charter High School for Law & Social Justice.

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