NOT LISTED FOR SALE

3321 Wallace Ave Bronx, NY 10467

Olinville Neighborhood

Estimated Value: $783,000 - $927,443

6 Beds
2 Baths
3,024 Sq Ft
$289/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $742,500 $246 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,357/month

68 Days on Market

Highlights

  • Colonial Architecture
  • Heating System Uses Steam
  • Level Lot

About This Home

As of September 2023

Spacious 2 Family close to shops and transportation and located on a dead end street. Needs extensive renovation but could be fabulous once again! Heating system replaced in December 2022. House had a one car garage. Bring your cash buyers/contractors.Buyers must be flexible with a closing date. Priced below market value at $799,000.00

Last Agent to Sell the Property

Cynthia Rossi

RE/MAX Prime Properties License #40RO0698486 Listed on: 01/04/2023

RE/MAX Prime Properties

Last Buyer's Agent

Jon Cohen

Skyline Real Estate Partners License #10371201993

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,913

Year Built

  • Built in 1906

Lot Details

  • 4,251 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • Driveway

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 3,024 Sq Ft Home
  • Unfinished Basement
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 04602-0038

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,913

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1906
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Unfinished, Walk-Out Access
  • Total Bedrooms: 6
  • Living Area: 3024
  • SquareFootage: 3024.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Vinyl Siding

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Steam
  • Sewer: Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4251
  • Lot Size Units: Acres
  • Lot Features: Level
  • Parcel Number: 04602-0038
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf3Bedrooms: 2

Tax Info

  • Tax Annual Amount: 8913
  • Tax Map Number: 04602-0038

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

Closed on
May 1, 2024
Sold by
Cannarella Angelo and Miranti Raymond
Bought by
Ramco Associates Llc
Current Estimated Value
$873,111

Purchase Details

Listed on
Jan 4, 2023
Closed on
Sep 12, 2023
Sold by
Costa Santino and Costa Silvana
Bought by
Cannarella Angelo and Miranti Raymond
Seller's Agent
Cynthia Rossi
RE/MAX Prime Properties
Buyer's Agent
Jon Cohen
Skyline Real Estate Partners
List Price
$799,000
Sold Price
$742,500
Premium/Discount to List
-$56,500
-7.07%
Views
285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.23%
Original Mortgage
$556,875
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Ramco Associates Llc -- --
Ramco Associates Llc -- --
Cannarella Angelo $742,500 --
Cannarella Angelo $742,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cannarella Angelo $556,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $742,500 -7.1% $246 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $799,000 -- $264 / 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 $7,184 $37,915 $5,899 $32,016
2024 $7,184 $35,770 $5,299 $30,471
2023 $6,570 $35,596 $5,946 $29,650
2022 $6,045 $49,380 $9,120 $40,260
2021 $5,956 $41,640 $9,120 $32,520
2020 $6,029 $42,060 $9,120 $32,940
2019 $5,577 $40,740 $9,120 $31,620
2018 $5,388 $29,663 $6,926 $22,737
2017 $5,059 $27,984 $7,748 $20,236
2016 $4,657 $26,400 $9,120 $17,280
2015 $2,870 $26,330 $9,218 $17,112
2014 $2,870 $24,840 $9,600 $15,240
Source: Public Records

Agents Affiliated with this Home

  • Cynthia Rossi

    Seller's Agent in 2023

    Cynthia Rossi

    RE/MAX Prime Properties

    2 in this area

    15 Total Sales

    Section Image
  • Jon Cohen

    Buyer's Agent in 2023

    Jon Cohen

    Skyline Real Estate Partners

    (201) 707-0019

    1 in this area

    25 Total Sales

    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY6225262

OneKey® MLS

APN: 04602-0038

New York Bronx County Bronx 10467 Olinville

3321 Wallace Ave, Bronx, NY

This home is located at 3321 Wallace Ave, Bronx, NY 10467 since 04 January 2023 and is currently estimated at $873,111, approximately $288 per square foot. This property was built in 1906. 3321 Wallace Ave is a home located in Bronx County with nearby schools including Ps 41 Gun Hill Road, North Bronx School of Empowerment, and Immaculate Conception School.

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