NOT LISTED FOR SALE

1986 Belmont Ave Bronx, NY 10457

East Tremont Neighborhood

Estimated Value: $845,544 - $1,133,000

10 Beds
4 Baths
4,460 Sq Ft
$225/Sq Ft Est. Value

Last Sold December 21, 2017

Last sale price $605,000 $136 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,590/month

186 Days on Market

Highlights

  • 0.06 Acre Lot
  • Property is near public transit
  • Park
  • Colonial Architecture
  • Window Unit Cooling System
  • Hot Water Heating System

About This Home

As of December 2017

WOW!! WHAT A VALUE!!! GREAT INVESTMENT LOCATED IN THE TREMONT AREA OF THE BRONX!!! JUST FOLLOW THE MONEY!!! Conveniently situated right off the east side of Grand Concourse Avenue making it easily accessible to the MTA #HARLEM train line, the MTA BX 17 bus line, MTA BX 36 bus line, as well as to local shops and restaurants. Offering a total square footage of 4,460 sqft with Unit 1: 2 Bedroom Apartment with 1 Full Bath. Unit 2: 3 Bedroom Apartment with 1 Full Bath. Unit 3: 3 Bedroom Apartment with 1 Full Bath. Lower level : 2 Bedroom Apartment . Perfect For a Large Family Or Live in One Unit, & Rent Out The Other Three Units. Great Live in/Income Property. This is a great FHA, Conventional or any other financing candidate. Property sold as is. BEST USE SRO 10 Room =800 each total $96,00 per Year . 10% Cap Rate !!

Last Agent to Sell the Property

Ramanjit Dhanoa

New York Real Estate Experts Brokerage Phone: 914-920-2299 License #10491203953 Listed on: 02/24/2017

New York Real Estate Experts

Co-Listed By

Jorge Caraballo

eXp Realty Brokerage Phone: 914-920-2299 License #40CA1139489

Last Buyer's Agent

Kenneth Fuentes

Keller Williams Realty NYC Grp License #10401214433

Keller Williams Realty NYC Grp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,994

Year Built

  • Built in 1910

Lot Details

  • 2,550 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • 4,460 Sq Ft Home
  • Colonial Architecture
  • Brick Exterior Construction
  • Frame Construction

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Finished Basement

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

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Oil

Listing and Financial Details

  • Tenant pays for cooking gas, electricity
  • Assessor Parcel Number 03079-0056

Community Details

Overview

  • 4 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,994

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1910
  • Attribution Contact: 914-920-2299
  • Co List Office Mls Id: ONENYREEX
  • Co List Office Phone: 914-920-2299
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 10
  • Living Area: 4460
  • SquareFootage: 4460.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick, Frame

Garage/Parking

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

Utilities

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

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Dimensions: 2550.0000
  • Lot Size Sq Ft: 2550
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 03079-0056
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cooking Gas, Electricity

Multi Family

  • Units Total: 4
  • Separate Electric Meters: 4
  • Separate Gas Meters: 3
  • NumberOf2Bedrooms: 2
  • NumberOf3Bedrooms: 2

Tax Info

  • Tax Annual Amount: 1994
  • Tax Map Number: 03079-0056
  • IncludedInTaxes: Sewer,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
Apr 27, 2018
Sold by
Bahumi Yonatan
Bought by
Ars Bronx Llc
Current Estimated Value
$967,147

Purchase Details

Listed on
Feb 24, 2017
Closed on
Dec 19, 2017
Sold by
Jimenez Rosa E
Bought by
Bahumi Yonatan
Seller's Agent
Ramanjit Dhanoa
New York Real Estate Experts
Buyer's Agent
Kenneth Fuentes
Keller Williams Realty NYC Grp
List Price
$899,000
Sold Price
$605,000
Premium/Discount to List
-$294,000
-32.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%
Original Mortgage
$453,750
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 1999
Sold by
Burgess Jeanie
Bought by
Jimenez Rosa E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,800
Interest Rate
8.26%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 2, 1999
Sold by
Burgess Jeanie and Scott Robert
Bought by
Burgess Jeanie
Source: Public Records

Range of Values:

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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
Ars Bronx Llc -- --
Ars Bronx Llc -- --
Bahumi Yonatan $605,000 --
Bahumi Yonatan $605,000 --
Jimenez Rosa E $201,500 Stewart Title Insurance Co
Jimenez Rosa E $201,500 Stewart Title Insurance Co
Burgess Jeanie -- --
Burgess Jeanie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ars Bronx Llc $589,694
Previous Owner Bahumi Yonatan $453,750
Previous Owner Jimenez Rosa $50,000
Previous Owner Jimenez Rosa E $384,000
Previous Owner Jimenez Rosa E $240,000
Previous Owner Jimenez Rosa E $200,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2017 12/21/17 Sold $605,000 -32.7% $136 / Sq Ft
02/24/2017 02/24/17 Pending -- -- --
02/24/2017 02/24/17 For Sale $899,000 -- $202 / 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 $2,972 $15,655 $2,690 $12,965
2024 $2,972 $14,796 $2,303 $12,493
2023 $2,838 $13,972 $2,516 $11,456
2022 $2,789 $58,800 $10,320 $48,480
2021 $2,910 $55,500 $10,320 $45,180
2020 $2,761 $52,440 $10,320 $42,120
2019 $2,579 $49,320 $10,320 $39,000
2018 $2,373 $11,643 $2,919 $8,724
2017 $2,074 $11,643 $3,343 $8,300
2016 $1,993 $11,522 $3,222 $8,300
2015 $1,105 $10,872 $3,294 $7,578
2014 $1,105 $10,275 $3,194 $7,081
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Ramanjit Dhanoa

    New York Real Estate Experts

    Section Image
  • Jorge Caraballo

    Seller Co-Listing Agent in 2017

    Jorge Caraballo

    eXp Realty

    70 Total Sales

    Section Image
  • Kenneth Fuentes

    Buyer's Agent in 2017

    Kenneth Fuentes

    Keller Williams Realty NYC Grp

    (917) 335-6920

    58 Total Sales

    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY4706982

OneKey® MLS

APN: 03079-0056

New York Bronx County Bronx 10457 East Tremont

1986 Belmont Ave, Bronx, NY

This home is located at 1986 Belmont Ave, Bronx, NY 10457 since 24 February 2017 and is currently estimated at $1,001,386, approximately $224 per square foot. This property was built in 1910. 1986 Belmont Ave is a home located in Bronx County with nearby schools including P.S. 214, Zeta Charter School - Tremont Park, and Children's Aid College Preparatory Charter School.

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