NOT LISTED FOR SALE

2751 Wallace Ave Bronx, NY 10467

Olinville Neighborhood

Estimated Value: $950,147 - $1,061,000

7 Beds
4 Baths
3,160 Sq Ft
$316/Sq Ft Est. Value

Last Sold May 06, 2015

Last sale price $560,000 $177 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $6,484/month

95 Days on Market

Highlights

  • Property is near public transit
  • 5-minute walk to Allerton Avenue
  • Baseboard Heating
  • Eat-In Kitchen

About This Home

As of May 2015

Four family brick with finished basement. Great Investment! Live Rent Free! Close to all! Tenant pays all utilities.

Last Agent to Sell the Property

Joan Campbell

Phoenix Global Realty Inc Brokerage Phone: 718-324-6060 License #10311206010 Listed on: 11/12/2014

Last Buyer's Agent

Joan Campbell

Phoenix Global Realty Inc Brokerage Phone: 718-324-6060 License #10311206010 Listed on: 11/12/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,755

Year Built

  • Built in 1925

Lot Details

  • 2,601 Sq Ft Lot
  • Two or More Common Walls

Parking

  • Common or Shared Parking

Interior Spaces

  • 3,160 Sq Ft Home
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 04511-0037

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,755

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1925
  • Attribution Contact: 718-324-6060
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 4
  • Basement: Finished, Full
  • Total Bedrooms: 7
  • Living Area: 3160
  • SquareFootage: 3160.00
  • SquareFootageSource: Municipality

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Common

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Baseboard
  • Sewer: 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: 0.06
  • Lot Size Area: 0.06
  • Lot Dimensions: 0.0597
  • Lot Size Sq Ft: 2601
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 04511-0037
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Units Total: 4
  • Separate Electric Meters: 4
  • Separate Gas Meters: 4
  • NumberOf1Bedrooms: 1
  • NumberOf2Bedrooms: 3

Tax Info

  • Tax Annual Amount: 8755
  • Tax Map Number: 04511-0037

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
Nov 12, 2014
Closed on
May 5, 2015
Sold by
Evans Kofi
Bought by
Abdulkader Wadah A
Seller's Agent
Joan Campbell
Phoenix Global Realty Inc
Buyer's Agent
Joan Campbell
Phoenix Global Realty Inc
List Price
$575,000
Sold Price
$560,000
Premium/Discount to List
-$15,000
-2.61%
Current Estimated Value
$976,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,278
Avg. Annual Appreciation
5.78%
Original Mortgage
$370,000
Outstanding Balance
$287,189
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$710,840

Purchase Details

Closed on
Jul 31, 1997
Sold by
Jordan Joseph and Jordan Charlene
Bought by
Evans Kofi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,150
Interest Rate
7.42%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Abdulkader Wadah A $560,000 --
Evans Kofi $227,500 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abdulkader Wadah A $370,000
Previous Owner Evans Kofi $412,000
Previous Owner Evans Kofi $209,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2015 05/06/15 Sold $560,000 -2.6% $177 / Sq Ft
02/16/2015 02/16/15 Pending -- -- --
11/12/2014 11/12/14 For Sale $575,000 -- $182 / 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 $13,971 $119,906 $47,517 $72,389
2024 $13,971 $111,749 $47,919 $63,830
2023 $13,185 $107,480 $45,858 $61,622
2022 $12,183 $259,650 $115,200 $144,450
2021 $0 $223,200 $115,200 $108,000
2020 $11,504 $244,800 $115,200 $129,600
2019 $10,841 $255,150 $115,200 $139,950
2018 $10,516 $82,677 $37,461 $45,216
2017 $9,743 $76,598 $39,455 $37,143
2016 $9,147 $70,950 $38,810 $32,140
2015 $5,936 $70,950 $44,737 $26,213
2014 $5,936 $66,124 $33,322 $32,802
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Joan Campbell

    Phoenix Global Realty Inc

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Map

Source: OneKey® MLS

MLS Number: KEY4442863

OneKey® MLS

APN: 04511-0037

New York Bronx County Bronx 10467 Olinville

2751 Wallace Ave, Bronx, NY

This home is located at 2751 Wallace Ave, Bronx, NY 10467 since 12 November 2014 and is currently estimated at $997,787, approximately $315 per square foot. This property was built in 1925. 2751 Wallace Ave is a home located in Bronx County with nearby schools including P.S. 76 The Bennington School, Bronx Green Middle School, and Pelham Academy.

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