NOT LISTED FOR SALE

Estimated Value: $691,457 - $941,000

5 Beds
2 Baths
1,620 Sq Ft
$535/Sq Ft Est. Value

Last Sold November 04, 2014

Last sale price $527,000 $325 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $5,166/month

65 Days on Market

Highlights

  • 0.05 Acre Lot
  • 4-minute walk to 238 Street
  • Cooling System Mounted In Outer Wall Opening
  • Milton Fein School Rated A-
  • 1 Car Attached Garage
  • Patio

About This Home

As of November 2014

Fantastic investment opportunity to own a brick 2-family home in the very desirable neighborhood of Riverdale of the Bronx. Live in one unit and rent out the other for additional income. This brick building is 22 ft x 46 ft and is situated on a 25 ft x 90 ft lot. It features a 1 car garage and 1 driveway parking space and has a nicely sized paved backyard. Both units are currently occupied and paying under-market rent. Average rents in Riverdale are over $30/sf for renovated units. The 1 train station is 2 blocks away at West 238th Street; Manhattan College is minutes away and all major roads and highways are extremely close including I-87 Major Deegan, Henry Hudson Pkwy and Mosholu Pkwy making this location central to Manhattan and Westchester counties. The property adjacent to 266 West 236th is also for sale and listed at $549K. Both buildings can be purchased together or individually.

Last Agent to Sell the Property

Jay Ra

Douglas Elliman Real Estate Brokerage Phone: 718-884-5815 License #10401248768 Listed on: 06/06/2014

Douglas Elliman Real Estate

Last Buyer's Agent

Jay Ra

Douglas Elliman Real Estate Brokerage Phone: 718-884-5815 License #10401248768 Listed on: 06/06/2014

Douglas Elliman Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,510

Year Built

  • Built in 1952

Lot Details

  • 2,252 Sq Ft Lot
  • Two or More Common Walls
  • Stone Wall

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • 1,620 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Tenant pays for cooking gas, electricity

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,510

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks
  • Property SubType: Multi Family
  • Year Built: 1952
  • Attribution Contact: 718-884-5815
  • Village: Riverdale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Basement: None
  • Total Bedrooms: 5
  • Living Area: 1620
  • SquareFootage: 1620.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick
  • Patio and Porch Features: Patio

Garage/Parking

  • Total Parking Spaces: 1
  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Attached, 1 Car Attached, Driveway

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Dimensions: 2252.0000
  • Lot Size Sq Ft: 2252
  • Lot Size Units: Acres
  • Lot Features: Stone/Brick Wall
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cooking Gas, Electricity

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 4510

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

Listed on
Jun 6, 2014
Closed on
Nov 3, 2014
Sold by
Christine Mona Osterkamp Executor
Bought by
Chen Jin Chiu and Chen Jin Feng
Seller's Agent
Jay Ra
Douglas Elliman Real Estate
Buyer's Agent
Jay Ra
Douglas Elliman Real Estate
List Price
$549,000
Sold Price
$527,000
Premium/Discount to List
-$22,000
-4.01%
Total Days on Market
65
Current Estimated Value
$866,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,864
Avg. Annual Appreciation
5.22%
Original Mortgage
$395,250
Outstanding Balance
$308,085
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$594,768

Purchase Details

Closed on
Mar 14, 2011
Sold by
Khoury Katharine Executor
Bought by
Khoury Katharine
Source: Public Records

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Range of Values:

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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
Chen Jin Chiu $527,000 --
Khoury Katharine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Jin Chiu $395,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2014 11/04/14 Sold $527,000 0.0% $325 / Sq Ft
11/03/2014 11/03/14 Sold $527,000 -4.0% --
10/04/2014 10/04/14 Pending -- -- --
08/11/2014 08/11/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $549,000 0.0% $339 / Sq Ft
05/28/2014 05/28/14 For Sale $549,000 -- --
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
2024 $6,797 $33,840 $12,231 $21,609
2023 $6,797 $33,840 $10,622 $23,218
2022 $6,820 $40,920 $12,600 $28,320
2021 $6,668 $42,960 $12,600 $30,360
2020 $6,327 $41,940 $12,600 $29,340
2019 $5,899 $40,020 $12,600 $27,420
2018 $5,749 $28,200 $7,854 $20,346
2017 $5,705 $27,986 $10,081 $17,905
2016 $5,278 $26,403 $9,813 $16,590
2015 $3,184 $24,909 $10,930 $13,979
2014 $3,184 $23,500 $10,530 $12,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4418654

OneKey® MLS

APN: 05761-0432