NOT LISTED FOR SALE

371 E 159th St Bronx, NY 10451

Melrose Neighborhood

Estimated Value: $896,618 - $1,132,000

7 Beds
3 Baths
2,160 Sq Ft
$468/Sq Ft Est. Value

Last Sold February 03, 2020

Last sale price $703,000 $325 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $5,524/month

1 Day on Market

Highlights

  • Property is near public transit
  • 5-minute walk to Melrose Station
  • Forced Air Heating System
  • Main Floor Bedroom
  • Park
  • 3-minute walk to Railroad Park

About This Home

As of February 2020

Spacious legal 3-family triplex in Melrose, South Bronx. Features a 2-bedroom apartment on third floor over 3-bedroom apartment on second floor over a 2-bedroom apartment on the first floor. Has a full, finished walk-out basement downstairs, the size of a large studio. Apartments are bright and sunny with high ceilings and large windows, Home has a spacious backyard and finished patio area. An excellent investment property. Very close to the #2 & #5 trains on 3rd Ave; #4, B & D trains on Grand Concourse and the Metro North Melrose Station; Bx6,14,32 & 41 buses. Close to Yankees Stadium and shopping & courts on Concourse Plaza

Last Agent to Sell the Property

Bryan Dale

eXp Realty License #10301216942 Listed on: 09/30/2019

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,322

Year Built

  • Built in 1899

Lot Details

  • 2,535 Sq Ft Lot
  • No Common Walls

Parking

  • On-Street Parking

Home Design

  • 2,160 Sq Ft Home
  • Tri-Level Property
  • Frame Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Finished Basement

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

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Forced Air Heating System
  • 1 Heating Zone
  • Heating System Uses Oil
  • Oil Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 02406-0033

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,322

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Trilevel
  • Property SubType: Multi Family
  • Year Built: 1899
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 1st Floor Bedrm
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 7
  • Living Area: 2160.00
  • Square Footage: 2160.00

Exterior Features

  • Construction Materials: Frame
  • View YN: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None, On Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Forced Air
  • Hot Water: Fuel Oil Stand Alone
  • Heating Zones: 1
  • Sewer: 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: 0.0600
  • Lot Dimensions: 0.0582
  • Lot Size Sq Ft: 2535.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 02406-0033
  • Property Attached: No

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Close Date: 2020-02-03
  • Tax Annual Amount: 4322.00
  • Tax Map Number: 02406-0033

Multi Family

  • Units Total: 3
  • Two Bedrooms: 2
  • Three Bedrooms: 1
  • Separate Electric Meters: 4
  • Separate Gas Meters: 3

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
Sep 30, 2019
Closed on
Jan 30, 2020
Sold by
Arroyo Enrique and Arroyo Teresa
Bought by
371 E 159Th St Llc
Seller's Agent
Bryan Dale
eXp Realty
List Price
$700,000
Sold Price
$703,000
Premium/Discount to List
$3,000
0.43%
Current Estimated Value
$1,010,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,155
Avg. Annual Appreciation
6.39%
Original Mortgage
$573,648
Outstanding Balance
$509,079
Interest Rate
3.72%
Mortgage Type
Unknown
Estimated Equity
$501,076
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
371 E 159Th St Llc $717,060 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 371 E 159Th St Llc $573,648
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2020 02/03/20 Sold $703,000 +0.4% $325 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
09/30/2019 09/30/19 For Sale $700,000 -- $324 / 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 $2,770 $14,041 $4,004 $10,037
2024 $2,770 $13,792 $4,100 $9,692
2023 $2,648 $13,039 $3,333 $9,706
2022 $2,476 $44,700 $13,020 $31,680
2021 $2,462 $36,300 $13,020 $23,280
2020 $2,477 $38,640 $13,020 $25,620
2019 $2,111 $34,620 $13,020 $21,600
2018 $1,917 $10,866 $4,226 $6,640
2017 $1,807 $10,335 $5,678 $4,657
2016 $1,639 $9,751 $4,681 $5,070
2015 $956 $9,751 $4,424 $5,327
2014 $956 $9,578 $3,881 $5,697
Source: Public Records

Agents Affiliated with this Home

  • Bryan Dale

    Seller's Agent in 2020

    Bryan Dale

    eXp Realty

    (646) 561-9583

    127 Total Sales

    Bryan Dale
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Map

Source: OneKey® MLS

MLS Number: KEY5081613

OneKey® MLS

APN: 02406-0033

New York Bronx County Bronx 10451 Melrose

371 E 159th St, Bronx, NY

Not Listed for Sale

MultiFamily

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