NOT LISTED FOR SALE

1913 Wallace Ave Bronx, NY 10462

Van Nest Neighborhood

Estimated Value: $712,579 - $865,000

4 Beds
2 Baths
2,000 Sq Ft
$410/Sq Ft Est. Value

Last Sold September 02, 2021

Last sale price $738,000 $369 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,559/month

16 Days on Market

Highlights

  • Window Unit Cooling System
  • Hot Water Heating System
  • Level Lot

About This Home

As of September 2021

Income Producing, Detached 2-Family home plus full walk-out basement! These opportunities do not come up often in this desirable Morris Park/Bronxdale location. Live in one unit and let the other help pay your mortgage or use the entire place for your own family. Also great as an investment property to rent out completely for a nice profit. Each apartment has the same beautiful floor plan with a large living room, spacious kitchen, formal dining room, 2 nicely-sized bedrooms and a full bath. The basement is an amazing space plus laundry and storage areas. The fenced-in yard is perfect for entertaining and play, and there is a front nook/patio area to relax and enjoy your coffee. Right between Rhinelander and Bronxdale, just one block from Morris Park, this street is super convenient to all shopping, buses, schools and trains. The subway is right around the corner along with the Bronx River Parkway & Bronx Zoo. There is tremendous value in this multi-family Gem. Will not Last, Call Now!

Last Agent to Sell the Property

Christine Rowley

RE/MAX Classic Realty License #10301203607 Listed on: 04/08/2021

Last Buyer's Agent

Non Non Member-MLS

Non-Member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,499

Year Built

  • Built in 1910

Lot Details

  • No Common Walls
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • 2,000 Sq Ft Home
  • Tri-Level Property
  • Frame Construction
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Finished Basement

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

Utilities

  • Window Unit Cooling System
  • 2 Heating Zones
  • Hot Water Heating System
  • Heating System Uses Oil
  • Oil Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 04260-0056

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,499

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Trilevel
  • Property SubType: Multi Family
  • Year Built: 1910
  • Attribution Contact: 914-243-5200
  • 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: 4
  • Living Area: 2000.00
  • Square Footage: 2000.00

Exterior Features

  • Construction Materials: Frame, Vinyl Siding

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Oil, Hot Water
  • Hot Water: Fuel Oil Stand Alone
  • Heating Zones: 2
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Features: Level
  • Parcel Number: 04260-0056
  • Property Attached: No

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Close Date: 2021-09-02
  • Tax Annual Amount: 3499.00
  • Tax Map Number: 04260-0056

Multi Family

  • Units Total: 2
  • Two 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
Apr 8, 2021
Closed on
Sep 2, 2021
Sold by
Celdes Family Llc
Bought by
Zheng Shu Jun
Seller's Agent
Christine Rowley
RE/MAX Classic Realty
Buyer's Agent
Non Non Member-MLS
Non-Member MLS
List Price
$719,000
Sold Price
$738,000
Premium/Discount to List
$19,000
2.64%
Current Estimated Value
$819,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,645
Avg. Annual Appreciation
2.42%
Original Mortgage
$443,000
Outstanding Balance
$402,495
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$417,150

Purchase Details

Closed on
Nov 19, 2020
Sold by
Calicchia Nancy and Calicchia Capoccia
Bought by
Celdes Family Llc

Purchase Details

Closed on
May 29, 2001
Sold by
Gandolfi Celesto and Gandolfi Desolina
Bought by
Pecoroni Elsa and Gandolfi Rinaldo

Purchase Details

Closed on
Aug 4, 2000
Sold by
Gandolfi Celesto and Gandolfi Desolina
Bought by
Gandolfi Celesto and Gandolfi Desolina
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Zheng Shu Jun $738,000 --
Zheng Shu Jun $738,000 --
Celdes Family Llc -- --
Celdes Family Llc -- --
Pecoroni Elsa -- --
Pecoroni Elsa -- --
Gandolfi Celesto -- --
Gandolfi Celesto -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zheng Shu Jun $443,000
Closed Zheng Shu Jun $443,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2021 09/02/21 Sold $738,000 +2.6% $369 / Sq Ft
04/24/2021 04/24/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $719,000 -- $360 / 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 $3,778 $19,939 $4,059 $15,880
2024 $3,778 $18,811 $3,855 $14,956
2023 $3,605 $17,749 $3,137 $14,612
2022 $3,543 $42,480 $8,940 $33,540
2021 $3,706 $34,500 $8,940 $25,560
2020 $3,517 $33,360 $8,940 $24,420
2019 $3,279 $31,740 $8,940 $22,800
Source: Public Records

Agents Affiliated with this Home

  • Christine Rowley

    Seller's Agent in 2021

    Christine Rowley

    RE/MAX

    (646) 302-1146

    1 in this area

    245 Total Sales

    Christine Rowley
    Section Image

  • N

    Buyer's Agent in 2021

    Non Non Member-MLS

    Non-Member MLS

See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY6106890

OneKey® MLS

APN: 04260-0056

New York Bronx County Bronx 10462 Van Nest

1913 Wallace Ave, Bronx, NY

Not Listed for Sale

MultiFamily

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