Seller's Agent in 2022
Edward Meltser
RE/MAX
(917) 577-8694
1 in this area
201 Total Sales
218 E 179th St Bronx, NY 10457
Mount Hope NeighborhoodEstimated Value: $1,047,000 - $1,243,000
9
Beds
4
Baths
4,158
Sq Ft
$273/Sq Ft
Est. Value
Highlights
- Property is near public transit
- 2-minute walk to Tremont Avenue
- Park
- Wood Flooring
- Window Unit Cooling System
- 3-minute walk to Richman (Echo) Park
About This Home
As of February 2022Rare opportunity to own this enormous solid brick legal three family detached house located in the Tremont section of the Bronx. Boasting over 4100 square feet and featuring nine bedrooms, presented as a renovated four bedroom with two full baths on the third floor, over a four bedroom with one bath on the second floor over a renovated one bedroom with one bath on the first floor. Seperate multi-purpose bonus space in the rear of the building with a full bathroom which could be used as an in-law suite or storage. Perfectly situated in an up and coming neighborhood on a quiet street with plenty of shopping and restaurants on the Grand Concourse. B and D trains just a few steps away (only 10 minutes into Manhattan with the express train). Close proximity to Botanical Garden, Bronx Zoo, Arthur Avenue and more. This is a fantastic investment opportunity with R8 zoning offering options were you can live in one unit and pay the mortgage with the other two or rent them all. All photos have had furniture virtually removed.
Last Agent to Sell the Property
RE/MAX In The City License #10301201792 Listed on: 11/03/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,725
Year Built
- Built in 1910
Lot Details
- 1,938 Sq Ft Lot
- No Common Walls
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
Interior Spaces
- 4,158 Sq Ft Home
- Wood Flooring
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Full Bathrooms
Location
- Property is near public transit
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- Heating System Uses Natural Gas
- Water Heated By Indirect Tank
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 02811-0032
Community Details
Overview
- 3 Units
Recreation
- Park
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 3, 2021
Closed on
Feb 11, 2022
Sold by
He Mei Rong
Bought by
Lam Wai Yuen and Lee Vincent
Seller's Agent
Edward Meltser
RE/MAX In The City
List Price
$975,000
Sold Price
$938,000
Premium/Discount to List
-$37,000
-3.79%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,724
Avg. Annual Appreciation
5.01%
Original Mortgage
$178,000
Outstanding Balance
$164,971
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$971,753
Purchase Details
Closed on
May 4, 2018
Sold by
Budhai Trustee Bholanauth and Budhai Trustee Moortee
Bought by
He Mei Rong
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$546,000
Interest Rate
4.44%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 22, 2009
Sold by
Budhai Bholanauth and Budhai Moortee
Bought by
Budhai Bholanauth and Trustee The Budhai Joint Revocable Livi
Purchase Details
Closed on
Mar 6, 1998
Sold by
Budhai Bholanauth and Budhai Moortec
Bought by
Budhai Bholanauth and Budhai Moortec
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
6.9%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lam Wai Yuen | $938,000 | -- | |
| Lam Wai Yuen | $938,000 | -- | |
| He Mei Rong | $780,000 | -- | |
| He Mei Rong | $780,000 | -- | |
| Budhai Bholanauth | -- | -- | |
| Budhai Bholanauth | -- | -- | |
| Budhai Bholanauth | -- | -- | |
| Budhai Bholanauth | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lam Wai Yuen | $178,000 | |
| Closed | Lam Wai Yuen | $178,000 | |
| Previous Owner | He Mei Rong | $546,000 | |
| Previous Owner | Budhai Bholanauth | $127,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/11/2022 02/11/22 | Sold | $938,000 | -3.8% | $226 / Sq Ft |
| 12/13/2021 12/13/21 | Pending | -- | -- | -- |
| 11/03/2021 11/03/21 | For Sale | $975,000 | -- | $234 / Sq Ft |
Source: OneKey® MLS
Tax History Compared to Growth
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 | $4,224 | $21,206 | $3,328 | $17,878 |
| 2024 | $4,224 | $21,029 | $3,884 | $17,145 |
| 2023 | $4,031 | $19,847 | $3,945 | $15,902 |
| 2022 | $3,740 | $43,740 | $9,840 | $33,900 |
| 2021 | $3,725 | $45,900 | $9,840 | $36,060 |
| 2020 | $3,741 | $50,700 | $9,840 | $40,860 |
| 2019 | $3,666 | $42,540 | $9,840 | $32,700 |
| 2018 | $3,371 | $16,539 | $4,389 | $12,150 |
| 2017 | $3,183 | $15,614 | $4,614 | $11,000 |
| 2016 | $2,948 | $14,748 | $5,885 | $8,863 |
| 2015 | $1,777 | $14,727 | $4,596 | $10,131 |
| 2014 | $1,777 | $14,604 | $4,239 | $10,365 |
Source: Public Records
Agents Affiliated with this Home
-
Edward Meltser
Map
Source: OneKey® MLS
MLS Number: KEY6151884
APN: 02811-0032
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