NOT LISTED FOR SALE

1946 Wallace Ave Bronx, NY 10462

Van Nest Neighborhood

Estimated Value: $634,000 - $860,000

-- Bed
-- Bath
1,900 Sq Ft
$385/Sq Ft Est. Value

Last Sold October 24, 2012

Last sale price $275,000 $145 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $4,398/month

209 Days on Market

Highlights

  • 0.04 Acre Lot
  • Window Unit Cooling System
  • Forced Air Heating System
  • Property is near public transit

About This Home

As of October 2012

Great opportunity to own a multi-family near Morris Park area. This is a SHORT SALE. Already bank approved for $275,000. Needs TLC.

Last Agent to Sell the Property

Raysa Santos

RSM Real Estate Consultants Brokerage Phone: 917-747-4280 License #10311202470 Listed on: 01/05/2012

Last Buyer's Agent

Raysa Santos

RSM Real Estate Consultants Brokerage Phone: 917-747-4280 License #10311202470 Listed on: 01/05/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,216

Year Built

  • Built in 1970

Lot Details

  • 1,916 Sq Ft Lot
  • Two or More Common Walls
  • Back Yard Fenced

Parking

  • Driveway

Home Design

  • 1,900 Sq Ft Home
  • Brick Exterior Construction

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 04261-0021

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,216

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Year Built: 1970
  • Attribution Contact: 917-747-4280
  • Village: Bronx
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Living Area: 1900
  • SquareFootage: 1900.00

Exterior Features

  • Construction Materials: Brick
  • Fencing: Back Yard

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Sewer: Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Other Expense: 5000
  • AdditionalFeesYN: 0

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.0440
  • Lot Size Sq Ft: 1916
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 04261-0021
  • Zoning Description: R5
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 3000
  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 2
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 1

Tax Info

  • Tax Annual Amount: 4216
  • Tax Map Number: 04261-0021

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

Closed on
Nov 1, 2013
Sold by
Medici Candace and Medici Ralph
Bought by
Rg Wallace 1946B Llc
Current Estimated Value
$730,728

Purchase Details

Listed on
Jan 5, 2012
Closed on
Oct 24, 2012
Sold by
Rosado Bonnie and Williams Bonnie
Bought by
Medici Candace and Medici Ralph
Seller's Agent
Raysa Santos
RSM Real Estate Consultants
Buyer's Agent
Raysa Santos
RSM Real Estate Consultants
List Price
$410,000
Sold Price
$275,000
Premium/Discount to List
-$135,000
-32.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.76%
Original Mortgage
$206,250
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2003
Sold by
Allen Alex and Avelanda Michelle
Bought by
Rosado Bonnie and Williams William

Purchase Details

Closed on
May 30, 2001
Sold by
Merced Carmen
Bought by
Rosado Bonnie and Rosado Awilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
7.21%

Purchase Details

Closed on
Mar 9, 1995
Sold by
Brucciani Paula and Brucciani John
Bought by
Merced Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,750
Interest Rate
8.36%

Purchase Details

Closed on
Aug 8, 1994
Sold by
Brucciani Paula
Bought by
Brucciani Paula and Brucciani John
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rg Wallace 1946B Llc -- --
Rg Wallace 1946B Llc -- --
Medici Candace $275,000 --
Medici Candace $275,000 --
Rosado Bonnie -- --
Rosado Bonnie -- --
Rosado Bonnie -- --
Rosado Bonnie -- --
Merced Carmen $185,000 Judicial Title Ins Agency
Merced Carmen $185,000 Judicial Title Ins Agency
Brucciani Paula -- Judicial Title Ins Agency
Brucciani Paula -- Judicial Title Ins Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Medici Candace $206,250
Previous Owner Rosado Bonnie $237,500
Previous Owner Merced Carmen $175,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2012 10/24/12 Sold $275,000 -32.9% $145 / Sq Ft
08/02/2012 08/02/12 Pending -- -- --
01/05/2012 01/05/12 For Sale $410,000 -- $216 / 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 $6,551 $34,573 $7,367 $27,206
2024 $6,551 $32,616 $7,515 $25,101
2023 $6,624 $32,616 $6,744 $25,872
2022 $6,247 $40,740 $9,180 $31,560
2021 $6,212 $35,880 $9,180 $26,700
2020 $6,098 $33,720 $9,180 $24,540
2019 $5,686 $27,180 $9,180 $18,000
2018 $5,634 $27,640 $8,884 $18,756
2017 $5,316 $26,076 $8,807 $17,269
2016 $4,918 $24,600 $9,180 $15,420
2015 $3,049 $24,660 $10,200 $14,460
2014 $3,049 $24,660 $10,200 $14,460
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Raysa Santos

    RSM Real Estate Consultants

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Map

Source: OneKey® MLS

MLS Number: KEYH3200423

OneKey® MLS

APN: 04261-0021

New York Bronx County Bronx 10462 Van Nest

1946 Wallace Ave, Bronx, NY

Not Listed for Sale

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