NOT LISTED FOR SALE

3023 Wallace Ave Bronx, NY 10467

Olinville Neighborhood

Estimated Value: $849,000 - $914,000

6 Beds
2 Baths
2,650 Sq Ft
$329/Sq Ft Est. Value

Last Sold March 26, 2022

Last sale price $740,000 $279 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,161/month

26 Days on Market

Highlights

  • Property is near public transit
  • 4-minute walk to Burke Avenue
  • Park
  • Wood Flooring
  • 1 Car Attached Garage
  • Baseboard Heating

About This Home

As of March 2022

Located minutes from major highways and mass transit this is a perfect home for you. Live in one unit and rent out the other. This large 3 over 3 even has room for when friends or relatives visit. Roll up your sleeve and bring this beauty back to life and when you are all done sit and relax on your oversized balcony.

Last Agent to Sell the Property

Tana McGuire

eXp Realty License #10301218709 Listed on: 12/13/2021

eXp Realty

Last Buyer's Agent

Non Non Member-MLS

Non-Member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,780

Year Built

  • Built in 1960

Lot Details

  • 1,969 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Tri-Level Property
  • Brick Exterior Construction

Interior Spaces

  • 2,650 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Basement

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

Location

  • Property is near public transit

Utilities

  • No Cooling
  • 1 Heating Zone
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 04570-0043

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,780

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Trilevel
  • Property SubType: Multi Family
  • Year Built: 1960
  • Attribution Contact: 888-276-0630
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Full, Walk-Out Access
  • Total Bedrooms: 6
  • Living Area: 2650.00
  • Square Footage: 2650.00

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Total Parking Spaces: 2.00
  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Description: Attached, 1 Car Attached, Driveway

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Baseboard
  • Hot Water: Electric Stand Alone
  • Heating Zones: 1
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Size Sq Ft: 1969.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 04570-0043
  • Property Attached: Yes

Rental Info

  • Tenant Pays: None

Tax Info

  • Close Date: 2022-03-26
  • Included in Taxes: Trash
  • Tax Annual Amount: 9780.00
  • Tax Map Number: 04570-0043

Multi Family

  • Units Total: 2
  • Three Bedrooms: 2
  • Separate Electric Meters: 1
  • 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
Dec 13, 2021
Closed on
Mar 24, 2022
Sold by
Bartley Mais Ivy and Horace Mais Deceased
Bought by
Sanni Adeola Abosede and Sanni Moshood
Seller's Agent
Tana McGuire
eXp Realty
Buyer's Agent
Non Non Member-MLS
Non-Member MLS
List Price
$740,000
Sold Price
$740,000
Current Estimated Value
$870,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,964
Avg. Annual Appreciation
4.35%
Original Mortgage
$725,843
Outstanding Balance
$681,879
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$189,085
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
Sanni Adeola Abosede $740,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanni Adeola Abosede $725,843
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2022 03/26/22 Sold $740,000 +3.5% $279 / Sq Ft
01/08/2022 01/08/22 Pending -- -- --
12/28/2021 12/28/21 Price Changed $715,000 -3.4% $270 / Sq Ft
12/13/2021 12/13/21 For Sale $740,000 -- $279 / 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 $7,652 $39,917 $7,868 $32,049
2024 $7,652 $38,098 $8,065 $30,033
2023 $7,299 $35,942 $7,648 $28,294
2022 $7,039 $46,320 $9,780 $36,540
2021 $7,000 $40,980 $9,780 $31,200
2020 $7,041 $40,380 $9,780 $30,600
2019 $6,641 $41,640 $9,780 $31,860
2018 $6,106 $29,952 $8,974 $20,978
2017 $5,990 $29,383 $9,774 $19,609
2016 $5,541 $27,720 $9,109 $18,611
2015 $3,343 $27,720 $10,630 $17,090
2014 $3,343 $26,457 $10,210 $16,247
Source: Public Records

Agents Affiliated with this Home

  • Tana McGuire

    Seller's Agent in 2022

    Tana McGuire

    eXp Realty

    (914) 414-0759

    1 in this area

    52 Total Sales

    Tana McGuire
    Section Image

  • N

    Buyer's Agent in 2022

    Non Non Member-MLS

    Non-Member MLS

See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY6157073

OneKey® MLS

APN: 04570-0043

New York Bronx County Bronx 10467 Olinville

3023 Wallace Ave, Bronx, NY

Not Listed for Sale

MultiFamily

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