NOT LISTED FOR SALE

1916 Wallace Ave Bronx, NY 10462

Van Nest Neighborhood

Estimated Value: $643,928 - $977,000

Studio
-- Bath
3,198 Sq Ft
$261/Sq Ft Est. Value

Last Sold October 17, 2013

Last sale price $350,000 $109 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $4,896/month

24 Days on Market

Highlights

  • 0.06 Acre Lot
  • Park
  • Forced Air Heating System
  • Property is near public transit

About This Home

As of October 2013

Large Detached 2 family with full unfinished basement in move in condition. Newer kitchen, new boiler and new windows.

Last Agent to Sell the Property

Musa Balidemaj

Elite Real Estate Group 1 LLC Brokerage Phone: 718-822-1800 License #10491203878 Listed on: 05/17/2013

Last Buyer's Agent

Jennifer Manning

Howard Hanna Rand Realty License #30MA0883191

Howard Hanna Rand Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,198

Year Built

  • Built in 1910

Lot Details

  • 2,613 Sq Ft Lot
  • No Common Walls

Parking

  • On-Street Parking

Home Design

  • 3,198 Sq Ft Home
  • Vinyl Siding

Location

  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 04261-0008

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

$3,198

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks
  • Property SubType: Multi Family
  • Year Built: 1910
  • Attribution Contact: 718-822-1800
  • Village: Bronx
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Living Area: 3198
  • SquareFootage: 3198.00

Exterior Features

  • Construction Materials: Vinyl Siding

Garage/Parking

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

Utilities

  • Heating: Natural Gas, Forced Air
  • Sewer: Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Other Expense: 1
  • AdditionalFeesYN: 0

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 0.0600
  • Lot Size Sq Ft: 2613
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 04261-0008
  • Zoning Description: R5
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

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

Tax Info

  • Tax Annual Amount: 3198
  • Tax Map Number: 04261-0008

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
May 17, 2013
Closed on
Oct 16, 2013
Sold by
D'Epiro Joseph
Bought by
Rodriguez Tanya
Seller's Agent
Musa Balidemaj
Elite Real Estate Group 1 LLC
Buyer's Agent
Jennifer Manning
Howard Hanna Rand Realty
List Price
$415,000
Sold Price
$350,000
Premium/Discount to List
-$65,000
-15.66%
Current Estimated Value
$834,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$484,982
Avg. Annual Appreciation
7.35%
Original Mortgage
$291,513
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 14, 2009
Sold by
D'Epiro Joseph and D'Epiro Mary Ann
Bought by
D'Epiro Joseph

Purchase Details

Closed on
Feb 19, 2006
Sold by
D'Epiro Mary Ann and D'Epiro Orlando
Bought by
D'Epiro Joseph and D'Epiro Mary Ann
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
Rodriguez Tanya $350,000 --
Rodriguez Tanya $350,000 --
D'Epiro Joseph -- --
D'Epiro Joseph -- --
D'Epiro Joseph -- --
D'Epiro Joseph -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Tanya $291,513
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2013 10/17/13 Sold $350,000 -15.7% $109 / Sq Ft
06/11/2013 06/11/13 Pending -- -- --
05/17/2013 05/17/13 For Sale $415,000 -- $130 / 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 $6,875 $37,766 $7,276 $30,490
2024 $6,875 $35,630 $6,220 $29,410
2023 $6,952 $35,630 $7,193 $28,437
2022 $6,667 $45,300 $10,380 $34,920
2021 $6,718 $47,580 $10,380 $37,200
2020 $6,366 $43,620 $10,380 $33,240
2019 $5,918 $35,160 $10,380 $24,780
2018 $5,755 $29,692 $8,619 $21,073
2017 $5,618 $29,030 $9,512 $19,518
2016 $5,248 $27,800 $9,320 $18,480
2015 $2,903 $26,227 $11,091 $15,136
2014 $2,903 $24,744 $8,897 $15,847
Source: Public Records

Agents Affiliated with this Home

  • Musa Balidemaj

    Seller's Agent in 2013

    Musa Balidemaj

    Elite Real Estate Group 1 LLC

    (646) 942-3487

    4 in this area

    78 Total Sales

    Musa Balidemaj
    Section Image

  • J

    Buyer's Agent in 2013

    Jennifer Manning

    Howard Hanna Rand Realty

    (646) 342-6351

    1 in this area

    18 Total Sales

    Jennifer Manning
    Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEYH3315841

OneKey® MLS

APN: 04261-0008

New York Bronx County Bronx 10462 Van Nest

1916 Wallace Ave, Bronx, NY

Not Listed for Sale

MultiFamily

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