NOT LISTED FOR SALE

Estimated Value: $1,218,000 - $1,978,000

6 Beds
3.5 Baths
3,198 Sq Ft
$542/Sq Ft Est. Value

Last Sold February 22, 2019

Last sale price $725,000 $227 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $9,983/month

146 Days on Market

Highlights

  • Property is near public transit
  • 5-minute walk to Bedford Park Boulevard-Lehman College
  • Window Unit Cooling System
  • Balcony
  • Porch
  • Patio

About This Home

As of February 2019

$10,000 SELLERS CONCESSION may be offered in addition to the price reduction. PRICE REDUCED TO SELL. This legal 3 family is located in the Fordham section of the Bronx. This is a large 3 family house with a finished attic and finished basement. The first floor is a 3 bedroom / 1.5 bath and is owner occupied. The second floor features a front apartment of 1 bedroom/ 1 bath with a front balcony and a 2 bedroom / 1 bath in the back. The second floor is tenant occupied. This property has great income possibilities. INVESTORS, this property and the neighbors are all R8 ZONED !!!

Last Agent to Sell the Property

Danielle Herrera

EXIT Realty Private Client Brokerage Phone: 718-319-8500 License #10401301668 Listed on: 02/02/2018

EXIT Realty Private Client

Last Buyer's Agent

Danielle Herrera

EXIT Realty Private Client Brokerage Phone: 718-319-8500 License #10401301668 Listed on: 02/02/2018

EXIT Realty Private Client

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,189

Year Built

  • Built in 1910

Lot Details

  • 3,241 Sq Ft Lot
  • No Common Walls

Parking

  • On-Street Parking

Home Design

  • Tri-Level Property
  • Stone Siding

Interior Spaces

  • 3,198 Sq Ft Home
  • Finished Basement
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Outdoor Features

  • Balcony
  • Patio
  • Porch

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cooking gas
  • Assessor Parcel Number 03319-0024

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,189

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Tri-Level
  • Property SubType: Multi Family
  • Year Built: 1910
  • Attribution Contact: 718-319-8500
  • Village: None
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Finished, Walk-Out Access
  • Total Bedrooms: 6
  • Living Area: 3198
  • SquareFootage: 3198.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Stone
  • Exterior Features: Balcony
  • Patio and Porch Features: Patio, Porch

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Sewer: Sewer
  • Water Source: Public
  • Hot Water: Gas 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: 0.07
  • Lot Size Area: 0.07
  • Lot Dimensions: 0.0744
  • Lot Size Sq Ft: 3241
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 03319-0024
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cooking Gas

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf1Bedrooms: 1
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 1

Tax Info

  • Tax Annual Amount: 4189
  • Tax Map Number: 03319-0024

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: Call Listing Agent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2024
Sold by
21 E 198 Llc
Bought by
21 E 198 Realty Llc
Current Estimated Value
$1,731,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Outstanding Balance
$2,281,638
Interest Rate
6.08%
Mortgage Type
Unknown
Estimated Equity
-$525,990

Purchase Details

Listed on
Feb 2, 2018
Closed on
Feb 22, 2019
Sold by
Millan Jonathan L
Bought by
21 E 198 Llc
Seller's Agent
Danielle Herrera
EXIT Realty Private Client
Buyer's Agent
Danielle Herrera
EXIT Realty Private Client
List Price
$900,000
Sold Price
$725,000
Premium/Discount to List
-$175,000
-19.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.65%
Original Mortgage
$544,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2014
Sold by
Quinones Zoraida
Bought by
Millan Jonathan Lee
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
21 E 198 Realty Llc $1,800,000 --
21 E 198 Llc $725,000 --
21 E 198 Llc $725,000 --
Millan Jonathan Lee -- --
Millan Jonathan Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 21 E 198 Realty Llc $2,300,000
Previous Owner 21 E 198 Llc $86,000
Previous Owner 21 E 198 Llc $544,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2019 02/22/19 Sold $725,000 -19.4% $227 / Sq Ft
02/02/2018 02/02/18 Pending -- -- --
02/02/2018 02/02/18 For Sale $900,000 -- $281 / 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 $6,009 $30,166 $6,273 $23,893
2024 $6,009 $29,916 $7,415 $22,501
2023 $5,734 $28,232 $6,069 $22,163
2022 $5,321 $53,640 $12,240 $41,400
2021 $5,292 $43,560 $12,240 $31,320
2020 $5,321 $43,560 $12,240 $31,320
2019 $5,215 $35,100 $12,240 $22,860
2018 $4,796 $23,527 $8,318 $15,209
2017 $4,528 $22,213 $8,534 $13,679
2016 $4,189 $20,956 $8,158 $12,798
2015 $2,527 $20,948 $7,358 $13,590
2014 $2,527 $20,775 $6,818 $13,957
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4804422

OneKey® MLS

APN: 03319-0024