NOT LISTED FOR SALE

2957 Wallace Ave Bronx, NY 10467

Olinville Neighborhood

Estimated Value: $601,000

Studio
-- Bath
2,900 Sq Ft
$207/Sq Ft Est. Value

Last Sold February 05, 2019

Last sale price $446,000 $154 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,712/month

4 Days on Market

Highlights

  • Window Unit Cooling System
  • Baseboard Heating
  • 4-minute walk to Burke Avenue

About This Home

As of February 2019

Short Sale pending 3rd party approval. Please drive by house only tenant occupied unable to access selling as is with tenants. House needs lots of work due to water damage.

Last Agent to Sell the Property

Jose Flores

EXIT Realty Private Client License #10301219876 Listed on: 09/24/2018

EXIT Realty Private Client

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,410

Year Built

  • Built in 1935

Lot Details

  • 3,999 Sq Ft Lot
  • No Common Walls

Parking

  • Driveway

Home Design

  • 2,900 Sq Ft Home

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater

Listing and Financial Details

  • Assessor Parcel Number 04548-0034

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,410

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1935
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Living Area: 2900.00
  • Square Footage: 2900.00

Exterior Features

  • View YN: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Oil, Baseboard
  • Hot Water: Fuel Oil Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0900
  • Lot Dimensions: 0.0918
  • Lot Size Sq Ft: 3999.00
  • Lot Size Units: Acres
  • Parcel Number: 04548-0034
  • Property Attached: No

Tax Info

  • Close Date: 2019-02-05
  • Tax Annual Amount: 5410.00
  • Tax Map Number: 04548-0034

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 1

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
Sep 24, 2018
Closed on
Mar 5, 2019
Sold by
Pllumbi David
Bought by
Wallace Avenue Realty Of Nyc Llc
Seller's Agent
Jose Flores
EXIT Realty Private Client
List Price
$375,000
Sold Price
$446,000
Premium/Discount to List
$71,000
18.93%
Current Estimated Value
$601,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,000
Avg. Annual Appreciation
4.37%
Original Mortgage
$446,000
Outstanding Balance
$392,114
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$208,886

Purchase Details

Listed on
Sep 24, 2018
Closed on
Feb 1, 2019
Sold by
Polanco Gilbert
Bought by
Pllumbi David
Seller's Agent
Jose Flores
EXIT Realty Private Client
List Price
$375,000
Sold Price
$446,000
Premium/Discount to List
$71,000
18.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,000
Outstanding Balance
$392,114
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$208,886

Purchase Details

Closed on
Dec 7, 2000
Sold by
Bank One Na and Wmc Mtg Loan Pass Through Certificates S
Bought by
Polanco Gilbert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,250
Interest Rate
7.01%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 27, 2000
Sold by
Abu Ganiyu and Mohamadu Bashiru
Bought by
Bank One Na and Wmc Mtg Loan Pass Through Certificates S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,250
Interest Rate
7.01%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 21, 1998
Sold by
Ikomoni A Jigidah
Bought by
Abu Ganiyu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
9.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 1997
Sold by
Johnson Thomas and Johnson Lillian
Bought by
Ikomoni A Jigidah
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wallace Avenue Realty Of Nyc Llc $446,000 --
Pllumbi David $446,000 --
Polanco Gilbert $175,000 Record & Return Title Agency
Polanco Gilbert $175,000 Record & Return Title Agency
Bank One Na $500 Record & Return Title Agency
Bank One Na $500 Record & Return Title Agency
Abu Ganiyu $220,000 Record & Return Title Agency
Abu Ganiyu $220,000 Record & Return Title Agency
Ikomoni A Jigidah $115,000 --
Ikomoni A Jigidah $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pllumbi David $446,000
Previous Owner Polanco Gilbert $203,250
Previous Owner Abu Ganiyu $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2019 02/05/19 Sold $446,000 +18.9% $154 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
09/24/2018 09/24/18 For Sale $375,000 -- $129 / 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
2024 -- $0 $0 $0
2023 $0 $0 $0 $0
2022 $6,358 $43,020 $12,300 $30,720
2021 $6,703 $36,840 $12,300 $24,540
2020 $6,370 $40,680 $12,300 $28,380
2019 $6,238 $38,220 $12,300 $25,920
2018 $5,735 $28,132 $10,317 $17,815
2017 $5,410 $26,541 $9,512 $17,029
2016 $5,306 $26,541 $11,081 $15,460
2015 $2,800 $25,080 $10,260 $14,820
2014 $2,800 $24,849 $9,657 $15,192
Source: Public Records

Agents Affiliated with this Home

  • Jose Flores

    Seller's Agent in 2019

    Jose Flores

    EXIT Realty Private Client

    (917) 353-8808

    25 Total Sales

    Jose Flores
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Map

Source: OneKey® MLS

MLS Number: KEY4844943

OneKey® MLS

APN: 04548-0034

New York Bronx County Bronx 10467 Olinville

2957 Wallace Ave, Bronx, NY

Not Listed for Sale

MultiFamily

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