NOT LISTED FOR SALE

1957 Wallace Ave Bronx, NY 10462

Van Nest Neighborhood

Estimated Value: $1,113,000 - $1,408,561

9 Beds
6 Baths
5,200 Sq Ft
$243/Sq Ft Est. Value

Last Sold July 10, 2023

Last sale price $1,175,000 $226 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,849/month

98 Days on Market

Highlights

  • Health Club
  • 0.05 Acre Lot
  • Wood Flooring
  • Water Access
  • Property is near public transit
  • Home Gym

About This Home

As of July 2023

House is in excellent condition, fully renovated 1st fl one bedroom apartment, one bath and kitchen. 2nd fl: 2brm apartment, two bathrooms, huge living room, kitchen, 3rd fl three bedroom, two baths, huge living room, kitchen. walking closets Additional Information: ParkingFeatures:1 Car Attached, BuildingAreaSource: Public Records,

Last Agent to Sell the Property

Zunilda Gutierrez

Brokerage Phone: 917-599-8664 License #10491210991 Listed on: 02/07/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,610

Year Built

  • Built in 2004 | Remodeled in 2022

Lot Details

  • 2,178 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 1 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Block Exterior

Interior Spaces

  • Home Gym
  • Wood Flooring

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Walk-In Closet
  • 6 Full Bathrooms

Finished Basement

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

Outdoor Features

  • Water Access
  • Balcony
  • Patio
  • Porch

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 04260-0139

Community Details

Overview

  • 3 Units

Recreation

  • Health Club
  • Park

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,610

Year Built

Built in 2004 | Remodeled in 2022

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 2004
  • Year Built Effective: 2022
  • Attribution Contact: 917-599-8664
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Interior Amenities: Exercise Room, Walk-In Closet(s)
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 6
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 9
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Block, Brick
  • Waterfront Features: Water Access
  • Exterior Features: Balcony
  • Patio and Porch Features: Patio, Porch

Garage/Parking

  • Total Parking Spaces: 2
  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Attached

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Association Amenities: Health Club
  • Senior Community: No

Association/Amenities

  • Community Features: Health Club, Park, Near Public Transportation

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Parcel Number: 04260-0139
  • Property Attached: Yes

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 4
  • Separate Gas Meters: 4

Tax Info

  • Tax Annual Amount: 8610
  • Tax Map Number: 04260-0139

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
Feb 7, 2023
Closed on
Jul 6, 2023
Sold by
Beras Luis and Beras Ramona
Bought by
Saeidi Nageeb Ali
Seller's Agent
Zunilda Gutierrez
List Price
$1,300,000
Sold Price
$1,175,000
Premium/Discount to List
-$125,000
-9.62%
Views
172
Current Estimated Value
$1,274,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,441
Avg. Annual Appreciation
4.97%
Original Mortgage
$822,500
Outstanding Balance
$805,034
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$494,807

Purchase Details

Closed on
Jun 27, 2006
Sold by
Wallace Avenue Realty Llc
Bought by
Beras Ramona and Beras Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2004
Sold by
Gjonaj Mark
Bought by
Wallace Avenue Realty Llc
Source: Public Records

Range of Values:

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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
Saeidi Nageeb Ali $1,175,000 --
Beras Ramona $740,000 --
Beras Ramona $740,000 --
Wallace Avenue Realty Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saeidi Nageeb Ali $822,500
Previous Owner Beras Luis $43,200
Previous Owner Beras Ramona $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold $1,175,000 -9.6% $226 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
02/07/2023 02/07/23 For Sale $1,300,000 -- $250 / 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 $9,733 $51,364 $9,194 $42,170
2024 $9,733 $48,457 $7,863 $40,594
2023 $9,284 $45,715 $8,436 $37,279
2022 $8,610 $56,220 $11,460 $44,760
2021 $9,076 $56,220 $11,460 $44,760
2020 $9,060 $47,400 $11,460 $35,940
2019 $8,447 $47,400 $11,460 $35,940
2018 $7,766 $38,096 $10,780 $27,316
2017 $7,326 $35,940 $11,460 $24,480
2016 $7,605 $38,040 $11,460 $26,580
2015 $5,471 $43,632 $12,416 $31,216
2014 $5,471 $43,632 $12,416 $31,216
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2023

    Zunilda Gutierrez

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Map

Source: OneKey® MLS

MLS Number: KEY6231694

OneKey® MLS

APN: 04260-0139

New York Bronx County Bronx 10462 Van Nest

1957 Wallace Ave, Bronx, NY

This home is located at 1957 Wallace Ave, Bronx, NY 10462 since 07 February 2023 and is currently estimated at $1,265,390, approximately $243 per square foot. This property was built in 2004. 1957 Wallace Ave is a home located in Bronx County with nearby schools including P.S. 105 Senator Abraham Bernstein, Bronx Green Middle School, and Pelham Academy.

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