NOT LISTED FOR SALE

242 Balcom Ave Bronx, NY 10465

Throgs Neck-Edgewater Park Neighborhood

Estimated Value: $1,055,365 - $1,463,000

6 Beds
4 Baths
2,840 Sq Ft
$418/Sq Ft Est. Value

Last Sold July 23, 2024

Last sale price $1,390,000 $489 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $7,006/month

153 Days on Market

Highlights

  • 0.11 Acre Lot
  • Wood Flooring
  • Ductless Heating Or Cooling System
  • Property is near public transit
  • 2 Car Detached Garage
  • Park

About This Home

As of July 2024

Better Than New Construction & Everything You've Been Waiting For! This detached 2 family home is nestled on a 50x100 lot in the desirable Throgs Neck section of the Bronx, offering a lifestyle of luxury & comfort. Each of the two generous size 3 bedroom units has been meticulously renovated boasting their own master baths and spacious dining/living rooms. Additionally, there is a fully finished walk out basement adding extra living space & versatility. Plus a long driveway leading to a detached 2 car garage. Each unit has own boiler & water heater, *No flood insurance required* The attention to detail and high end finishes make this truly a move in ready home!

Last Agent to Sell the Property

Gregory Kafcos

Century 21 Kafcos Realty Brokerage Phone: (718) 518-9101 License #10311209784 Listed on: 10/02/2023

Last Buyer's Agent

Gregory Kafcos

Century 21 Kafcos Realty Brokerage Phone: (718) 518-9101 License #10311209784 Listed on: 10/02/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,288

Year Built

  • Built in 1935

Lot Details

  • 5,000 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,840 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Finished Basement

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

Location

  • Property is near public transit

Utilities

  • Ductless Heating Or Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, heat
  • Assessor Parcel Number 05595-0009

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

$9,288

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1935
  • Attribution Contact: (718) 518-9101
  • Village: Bronx
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Master Bath
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 6
  • Living Area: 2840
  • SquareFootage: 2840.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Description: Detached, 2 Car Detached

Utilities

  • Cooling: Ductless
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Sewer: Sewer
  • Water Source: Public
  • GarbageRemoval: 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: 0.11
  • Lot Size Sq Ft: 5000
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 05595-0009
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Heat

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 9288
  • Tax Map Number: 05595-0009

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
Oct 2, 2023
Closed on
Jul 23, 2024
Sold by
Castaldo Maria
Bought by
Ramlakhan Padmini and Ramlakhan Ramlakhan
Seller's Agent
Gregory Kafcos
Century 21 Kafcos Realty
Buyer's Agent
Gregory Kafcos
Century 21 Kafcos Realty
List Price
$1,430,000
Sold Price
$1,390,000
Premium/Discount to List
-$40,000
-2.8%
Views
115
Current Estimated Value
$1,185,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$204,159
Avg. Annual Appreciation
-10.58%

Purchase Details

Closed on
Dec 21, 2016
Sold by
Angela Castaldo Trustee and Castaldo Family Irrevocable Income Only
Bought by
Castaldo Maria

Purchase Details

Closed on
May 3, 2013
Sold by
Castaldo Benito
Bought by
The Castaldo Family Irrevocable Income O
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ramlakhan Padmini $1,390,000 --
Castaldo Maria -- --
Castaldo Maria -- --
The Castaldo Family Irrevocable Income O -- --
The Castaldo Family Irrevocable Income O -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2024 07/23/24 Sold $1,390,000 -2.8% $489 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
10/02/2023 10/02/23 For Sale $1,430,000 -- $504 / 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 $9,737 $51,386 $13,872 $37,514
2024 $9,737 $48,478 $14,056 $34,422
2023 $9,186 $45,734 $11,624 $34,110
2022 $9,232 $54,360 $16,440 $37,920
2021 $9,553 $52,080 $16,440 $35,640
2020 $9,064 $57,540 $16,440 $41,100
2019 $8,451 $55,440 $16,440 $39,000
2018 $7,769 $38,112 $11,277 $26,835
2017 $7,388 $37,880 $15,846 $22,034
2016 $5,813 $37,866 $15,937 $21,929
2015 -- $34,965 $15,135 $19,830
2014 -- $33,249 $14,484 $18,765
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2024

    Gregory Kafcos

    Century 21 Kafcos Realty

    (718) 518-9101

    11 in this area

    21 Total Sales

    Gregory Kafcos
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Map

Source: OneKey® MLS

MLS Number: KEY6271643

OneKey® MLS

APN: 05595-0009

New York Bronx County Bronx 10465 Throgs Neck-Edgewater Park

242 Balcom Ave, Bronx, NY

Not Listed for Sale

MultiFamily

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