NOT LISTED FOR SALE

1953 Wallace Ave Bronx, NY 10462

Van Nest Neighborhood

Estimated Value: $1,017,000 - $1,413,000

3 Beds
1 Bath
3,300 Sq Ft
$381/Sq Ft Est. Value

Last Sold April 30, 2015

Last sale price $750,000 $227 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $7,093/month

47 Days on Market

Highlights

  • 0.16 Acre Lot
  • Property is near public transit
  • 3 Car Detached Garage
  • Deck
  • Separate Outdoor Workshop
  • Eat-In Kitchen

About This Home

As of April 2015

Morris Park 2 Family Brick Deatached with finished Basement on 75 x 95 Tax Lot. 3 bedroom apt over 2 bedroom apt with 3 room finished basement. Brick dtached3 car garage. Incredible investment opportunity to own and potentially build within an R5 zone. Survey upon request. CALLING ALL BUILDERS! Great investment opportunity in central location. CLOSE TO ALL MAJOR TRANSPORTATION AND CONVEINENTLY LOCATED TO ALL SHOPPING AREAS.

Last Agent to Sell the Property

Vince Buccieri

Today Realty Corp. Brokerage Phone: 718-597-1777 License #10301203112 Listed on: 01/14/2015

Last Buyer's Agent

Vince Buccieri

Today Realty Corp. Brokerage Phone: 718-597-1777 License #10301203112 Listed on: 01/14/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,226

Year Built

  • Built in 1925

Lot Details

  • 7,125 Sq Ft Lot
  • No Common Walls
  • Subdivision Possible

Parking

  • 3 Car Detached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,300 Sq Ft Home
  • Finished Basement
  • Walk-Out Basement
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Separate Outdoor Workshop

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Steam

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 2042600041

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

$5,226

Year Built

Built in 1925

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks
  • Property SubType: Multi Family
  • Year Built: 1925
  • Attribution Contact: 718-597-1777
  • Village: Bronx
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Basement: Finished, Walk-Out Access
  • Total Bedrooms: 3
  • Living Area: 3300
  • SquareFootage: 3300.00
  • SquareFootageSource: Municipality

Exterior Features

  • Other Structures: Workshop
  • Construction Materials: Brick
  • Patio and Porch Features: Deck

Garage/Parking

  • Total Parking Spaces: 5
  • Attached Garage: No
  • Garage Spaces: 3
  • Garage: Yes
  • Parking Description: Detached, 3 Car Detached

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Other, Steam
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 2

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 7125.0000
  • Lot Size Sq Ft: 7125
  • Lot Size Units: Acres
  • Lot Features: Possible Sub Division, Near Public Transit
  • Parcel Number: 2042600041
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf1Bedrooms: 0
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 1
  • NumberOf4Bedrooms: 0

Tax Info

  • Tax Annual Amount: 5226
  • Tax Map Number: 2042600041
  • IncludedInTaxes: Trash

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
Jan 20, 2022
Sold by
Marricco Family Limited Partnership
Bought by
1953 Wallace Ave Llc
Current Estimated Value
$1,257,907

Purchase Details

Listed on
Jan 14, 2015
Closed on
Apr 30, 2015
Sold by
Lucia Grace and Tartaglia Maria A
Bought by
Marricco Family Limited Partnership
Seller's Agent
Vince Buccieri
Today Realty Corp.
Buyer's Agent
Vince Buccieri
Today Realty Corp.
List Price
$1,200,000
Sold Price
$750,000
Premium/Discount to List
-$450,000
-37.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.96%
Source: Public Records
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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
1953 Wallace Ave Llc -- --
Marricco Family Limited Partnership $750,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2015 04/30/15 Sold $750,000 -37.5% $227 / Sq Ft
03/03/2015 03/03/15 Pending -- -- --
01/14/2015 01/14/15 For Sale $1,200,000 -- $364 / 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 $6,195 $32,697 $32,697 --
2024 $6,195 $30,846 $30,846 $0
2023 $5,910 $37,855 $37,855 $0
2022 $7,129 $54,540 $17,340 $37,200
2021 $7,516 $50,220 $17,340 $32,880
2020 $7,502 $43,440 $17,340 $26,100
2019 $6,995 $40,860 $17,340 $23,520
2018 $6,430 $31,545 $15,882 $15,663
2017 $6,067 $29,760 $17,340 $12,420
2016 $6,160 $30,816 $15,875 $14,941
2015 $1,318 $30,816 $12,482 $18,334
2014 $1,318 $30,584 $13,907 $16,677
Source: Public Records

Agents Affiliated with this Home

  • Vince Buccieri

    Seller's Agent in 2015

    Vince Buccieri

    Today Realty Corp.

    (718) 597-1777

    2 in this area

    127 Total Sales

    Vince Buccieri
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Map

Source: OneKey® MLS

MLS Number: KEY4501844

OneKey® MLS

APN: 04260-0041

New York Bronx County Bronx 10462 Van Nest

1953 Wallace Ave, Bronx, NY

Not Listed for Sale

MultiFamily

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