NOT LISTED FOR SALE

3012 Wallace Ave Bronx, NY 10467

Olinville Neighborhood

Estimated Value: $852,739 - $1,105,000

7 Beds
5 Baths
4,235 Sq Ft
$227/Sq Ft Est. Value

Last Sold May 06, 2021

Last sale price $775,000 $183 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $6,769/month

Highlights

  • Property is near public transit
  • 4-minute walk to Burke Avenue
  • Main Floor Primary Bedroom
  • American Four Square Architecture
  • Wood Flooring
  • 3 Car Detached Garage

About This Home

As of May 2021

. Very Nice FOur Family, Nice Block, three 2 bedrooms apartments, One 1 bedrooms apartment. Plus a large garage, 3 parking spaces, New boiler, New Separate HWH, New roof, recently pointed Bricks. IMPORTANT! 3,560 s.f. Air rights, to possibly increase another 4 units., Additional information: Appearance:exc,Interior Features:Lr/Dr,Separate Hotwater Heater:y

Last Agent to Sell the Property

Joseph Albano

Douglas Elliman Real Estate Brokerage Phone: 516-354-6500 License #30AL0910178 Listed on: 04/21/2020

Douglas Elliman Real Estate

Last Buyer's Agent

Joseph Albano

Douglas Elliman Real Estate Brokerage Phone: 516-354-6500 License #30AL0910178 Listed on: 04/21/2020

Douglas Elliman Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,780

Year Built

  • Built in 1931

Lot Details

  • 3,208 Sq Ft Lot
  • Lot Dimensions are 32.08 x 100
  • Level Lot

Home Design

  • Quadruplex
  • American Four Square Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Entrance Foyer
  • Wood Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • 5 Full Bathrooms

Finished Basement

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

Parking

  • 3 Car Detached Garage
  • Shared Driveway

Location

  • Property is near public transit

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,780

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Foursquare
  • Property SubType: Quadruplex
  • Property Condition: Actual
  • Levels: Two
  • Year Built: 1931
  • Attribution Contact: 516-354-6500
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen, Entrance Foyer, First Floor Bedroom, Master Downstairs
  • Flooring: Hardwood
  • Full Bathrooms: 5
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 7
  • Fireplace: No
  • Basement YN: No

Exterior Features

  • Construction Materials: Brick
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 3
  • Parking Description: Detached, Driveway, Shared Driveway

Utilities

  • Heating: Hot Water, Natural Gas
  • Utilities: Trash Collection Public
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Park
  • Senior Community: No
  • Association: No

Fee Information

  • Annual Water Sewer Expense: 6000

Lot Info

  • Lot Dimensions: 32.08 x 100
  • Lot Size Sq Ft: 3208
  • Building Area Total: 4235
  • Lot Features: Level, Near Public Transit, Near School, Near Shops
  • Property Attached: No
  • Additional Parcels: No

Rental Info

  • Lease Considered: No

Multi Family

  • Fuel Expense: 7200
  • Units Total: 4
  • Separate Electric Meters: 4
  • Separate Gas Meters: 4
  • Insurance Expense: 2000

Tax Info

  • Tax Annual Amount: 12780

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2020
Closed on
Jun 1, 2021
Sold by
Clerveaux Penor
Bought by
Brown Anderson Veronica and Clerveaux Penor
Seller's Agent
Joseph Albano
Douglas Elliman Real Estate
Buyer's Agent
Joseph Albano
Douglas Elliman Real Estate
List Price
$849,000
Sold Price
$775,000
Premium/Discount to List
-$74,000
-8.72%
Current Estimated Value
$962,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,185
Avg. Annual Appreciation
7.51%
Original Mortgage
$581,250
Outstanding Balance
$530,104
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$522,048

Purchase Details

Listed on
Apr 21, 2020
Closed on
Apr 23, 2021
Sold by
Anderson Duwayne Garth
Bought by
Clerveaux Penor
Seller's Agent
Joseph Albano
Douglas Elliman Real Estate
Buyer's Agent
Joseph Albano
Douglas Elliman Real Estate
List Price
$849,000
Sold Price
$775,000
Premium/Discount to List
-$74,000
-8.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,250
Outstanding Balance
$530,104
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$522,048

Purchase Details

Closed on
Jan 28, 2021
Sold by
Anderson Sheryl Gaye Rosemarie and Chatterton Sheryl Anderson
Bought by
Anderson Duwayne Garth

Purchase Details

Closed on
Oct 25, 2007
Sold by
Anderson Chestley
Bought by
Anderson Chestley and Anderson Duwayne Garth
Source: Public Records

Range of Values:

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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
Brown Anderson Veronica -- --
Clerveaux Penor $775,000 --
Anderson Duwayne Garth -- --
Anderson Chestley -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clerveaux Penor $581,250
Previous Owner Anderson Chestley $253,675
Previous Owner Anderson Chestley $68,248
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2021 05/06/21 Sold $775,000 -8.7% $183 / Sq Ft
03/26/2020 03/26/20 Pending -- -- --
03/26/2020 03/26/20 For Sale $849,000 -- $200 / 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 $17,336 $149,274 $69,050 $80,224
2024 $17,336 $138,668 $51,315 $87,353
2023 $16,426 $133,900 $51,526 $82,374
2022 $15,170 $324,900 $139,050 $185,850
2021 $0 $298,350 $139,050 $159,300
2020 $13,675 $327,150 $139,050 $188,100
2019 $12,806 $341,100 $139,050 $202,050
2018 $12,454 $103,000 $42,099 $60,901
2017 $11,662 $95,374 $44,383 $50,991
2016 $5,078 $88,328 $43,669 $44,659
2015 $3,261 $88,328 $50,264 $38,064
2014 $3,261 $82,053 $37,341 $44,712
Source: Public Records

Agents Affiliated with this Home

  • Joseph Albano

    Seller's Agent in 2021

    Joseph Albano

    Douglas Elliman Real Estate

    (516) 624-8043

    1 in this area

    20 Total Sales

    Joseph Albano
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Map

Source: OneKey® MLS

MLS Number: L3211964

OneKey® MLS

APN: 04571-0011

New York Bronx County Bronx 10467 Olinville

3012 Wallace Ave, Bronx, NY

This home is located at 3012 Wallace Ave, Bronx, NY 10467 since 21 April 2020 and is currently estimated at $962,185, approximately $227 per square foot. This property was built in 1931. 3012 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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