NOT LISTED FOR SALE

305 E 140th St Unit 3C Bronx, NY 10454

Mott Haven Neighborhood

Estimated Value: $844,000 - $1,076,000

1 Bed
1 Bath
1,250 Sq Ft
$693/mo HOA Fee

Last Sold February 22, 2020

Last sale price $845,000 $676 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,309/month

101 Days on Market

Highlights

  • Pre War Building
  • Laundry Facilities
  • 4-minute walk to 3 Avenue-138 Street

About This Home

As of February 2020

Open House by appointment

Welcome home to your spectacular 1,250 square foot loft, set in the heart of Mott Haven in the South Bronx. This beautiful home features 100 year-old original maple floors, 10-foot ceilings, exposed brick walls and exposed wooden beams.

The loft is flooded by natural light that pours in through seven windows with northern and eastern exposures. Enjoy abundant space and feel comfortable while also being able to work from home. This loft is ideal for a live/work buyer, or for anyone that loves a creative space and wants to spread out.

The unit has significantly low utility bills. Solar panels housed on the building?s roof help to negate the electrical bills for all the unit owners (for this unit, a $30 electric bill is average). Common charges are $693 and heat is included. A J-51 tax abatement is in effect for the next seven years ($510 property tax paid in 2018).

This loft offers spacious living, with room for a sleeping area, living area, work area, and dining area. The open kitchen features quartz countertops, stainless steel appliances, and a dishwasher. There is ample room for a washer/dryer to be installed as well.

Unlike most loft apartments, this unit has plenty of closet space, and if you want more privacy?building a wall to create a closed off bedroom couldn?t be easier.

This loft is the only available unit of the 11 coveted condos in the Bronx Bricks, which is a former sewing factory converted in 2008. The building is equipped with a large elevator, free laundry, and a deeded 673 cubic feet storage unit in the basement. Free bike storage is also available. Additionally, the building features a fantastic art gallery on the ground floor, Bronx Art Space.

It is truly almost impossible to find a residential loft such as this anymore in NYC.

The building?s proximity to transportation is fantastic and a Manhattan-commuter?s dream: 25 minutes to Grand Central via the 4 and 5 express trains at 138th Street/Grand Concourse; the 6 local train is 2 short blocks away at 138th Street in front of the 40th precinct station house. The number 2 express train is located at 149th Street and Third Avenue.

For commuters heading north and into Westchester County and Connecticut, or simply heading out of The City, the Metro North station hub at 125th Street is one train stop away or a taxi can also get you to the Yankees-E.153rd Street Metro North stop in 5 minutes.

The Mott Haven branch of the New York Public Library is just a few doors down. Alexander Avenue, which was nicknamed as ?Bedford 2.0?, is just at the end of the block, with rows of highly coveted brownstones.

Mott Haven has recently exploded with new development, investor interest, and renovation along the Harlem River. Over 3,000 luxury rental units are coming online in the next 5 years. Historic townhouses are selling very fast. New restaurants, bars, art galleries, and coffee shops are opening every month. This is truly an exciting time to be in the South Bronx.

Buyers should schedule private appointments. There is a minimal ?open house?

schedule.

Last Agent to Sell the Property

John McGuinness

Compass License #10301214564 Listed on: 09/16/2019

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $696

Year Built

  • Built in 1904

HOA Fees

  • $693 Monthly HOA Fees

Home Design

  • 1,250 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Listing and Financial Details

  • Legal Lot and Block 7501 / 2315

Community Details

Overview

  • Mott Haven Subdivision
  • 5-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$696

Year Built

Built in 1904

Lot Details

0

HOA Fees

$693 per month

Listing Details

  • Cross Street: Alexander Avenue/3rd Avenue
  • Exposures: East,North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Mott Haven
  • Architectural Style: Prewar
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1250.0
  • Living Area Units: Square Feet
  • Rooms (Total): 2

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 693.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 5
  • Year Built: 1904

Tax Info

  • Tax Block: 2315
  • Tax Lot: 7501
  • Tax Annual: 696.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2019
Closed on
Feb 21, 2020
Sold by
Evans Evelyn and Oliver Evelyn
Bought by
Tagawa Kei
Seller's Agent
John McGuinness
Compass
List Price
$845,000
Sold Price
$845,000
Current Estimated Value
$954,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,371
Avg. Annual Appreciation
2.04%
Original Mortgage
$350,000
Outstanding Balance
$312,527
Interest Rate
3.6%
Mortgage Type
Unknown
Estimated Equity
$632,406

Purchase Details

Closed on
May 14, 2008
Sold by
Bronx Bricks Condominium
Bought by
Evans Evelyn and Oliver Mark
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
Tagawa Kei $810,000 --
Tagawa Kei $810,000 --
Evans Evelyn $441,090 --
Evans Evelyn $441,090 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tagawa Kei $350,000
Closed Tagawa Kei $350,000
Previous Owner Evans Evelyn $6,888
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2020 02/22/20 Sold $845,000 0.0% $676 / Sq Ft
12/28/2019 12/28/19 Pending -- -- --
09/17/2019 09/17/19 For Sale $845,000 -- $676 / 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 $5,470 $55,975 $1,836 $54,139
2024 $5,470 $60,626 $1,836 $58,790
2023 $3,357 $60,187 $1,836 $58,351
2022 $1,938 $58,541 $1,836 $56,705
2021 $2,102 $56,250 $1,836 $54,414
2020 $834 $62,691 $1,836 $60,855
2019 $702 $59,148 $1,836 $57,312
2018 $1,783 $54,604 $1,836 $52,768
2017 $1,652 $46,732 $1,836 $44,896
2016 $1,647 $45,265 $1,836 $43,429
2015 -- $41,043 $1,836 $39,207
2014 -- $35,854 $1,836 $34,018
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10591123

Real Estate Board of New York (REBNY)

APN: 02315-1008