NOT LISTED FOR SALE

Estimated Value: $1,064,985

4 Beds
4 Baths
4,400 Sq Ft
$242/Sq Ft Est. Value

Last Sold July 22, 2016

Last sale price $635,000 $144 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $8,095/month

46 Days on Market

Highlights

  • Pre War Building
  • 1-minute walk to Melrose Station
  • 2-minute walk to Railroad Park
  • Eat-In Kitchen

About This Home

As of July 2016

Perfect for investors seeking a low-maintenance rental property with an excellent ROI.

This 20-foot wide limestone townhouse with a large, paved garden is located on a quiet block comprised of townhouses and small rental buildings in the Grand Concourse section of the Bronx. Currently used as a group home, its lessee is a long-established corporation with several locations throughout the city. The property has 4 bedrooms, 5 offices, 4 bathrooms, a common living room, dining room and a single commercial kitchen. The basement is four steps below garden level. It is finished and functions as a combination of a rec room, exercise room and laundry room. The systems are in good working order, as is the building. Sold with tenants and long-term lease with built-in increases. Located within close proximity to Yankee Stadium easy accessible via Metro North, B, D and 4 trains to 161st Street & Yankee Stadium.

Last Agent to Sell the Property

Robert Pair

Harlem Lofts Inc License #31PA1003506 Listed on: 05/06/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,163

Lot Details

  • 2,309

Home Design

  • Pre War Building

Interior Spaces

  • 4,400 Sq Ft Home
  • 4-Story Property
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • No Cooling

Community Details

  • Bronx Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,163

Lot Details

0

Listing Details

  • Cross Street: East 163rd Street
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Bronx
  • Architectural Style: Prewar
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Interior Features: Eat-in Kitchen
  • Living Area: 4400.0
  • Living Area Units: Square Feet
  • Rooms (Total): 7

Beds/Baths

  • Bathrooms Integer: 4
  • Bedrooms: 4

Utilities

  • Cooling: None
  • Cooling: No

Building Info

  • Total Stories: 4

Tax Info

  • Tax Block: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2016
Closed on
Jul 22, 2016
Sold by
Jones Lula M
Bought by
301 East 162Nd Street Llc
Seller's Agent
Robert Pair
Harlem Lofts Inc
List Price
$635,000
Sold Price
$635,000
Current Estimated Value
$1,064,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,985
Avg. Annual Appreciation
5.80%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
301 East 162Nd Street Llc $635,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 301 East 162Nd Street Llc $444,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2022 04/20/22 Off Market $635,000 -- --
07/22/2016 07/22/16 Sold $635,000 0.0% $144 / Sq Ft
06/22/2016 06/22/16 Pending -- -- --
05/06/2016 05/06/16 For Sale $635,000 -- $144 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $27,163 $264,350 $83,250 $181,100
2024 $27,163 $256,450 $83,250 $173,200
2023 $26,389 $247,880 $83,250 $164,630
2022 $25,469 $270,900 $83,250 $187,650
2021 $24,198 $248,400 $83,250 $165,150
2020 $19,339 $248,400 $83,250 $165,150
2019 $15,007 $241,200 $83,250 $157,950
2018 $10,172 $231,750 $83,250 $148,500
2017 $5,536 $218,250 $83,250 $135,000
2016 $2,250 $11,253 $4,292 $6,961
2015 $1,355 $11,244 $4,771 $6,473
2014 $1,355 $11,120 $4,009 $7,111
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10061279

Real Estate Board of New York (REBNY)

APN: 02422-0047