NOT LISTED FOR SALE

388 E 155th St Bronx, NY 10455

Melrose Neighborhood

Estimated Value: $807,000 - $921,000

8 Beds
3 Baths
3,162 Sq Ft
$277/Sq Ft Est. Value

Last Sold June 16, 2021

Last sale price $617,000 $195 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $4,817/month

9 Days on Market

About This Home

As of June 2021

Calling all investors and developers. This one is for you. Welcome to Melrose. This 3 family features (2) three-bedroom apartments, (1) two-bedroom apartment and a full basement. It is conveniently located close to bus, train, school, shops and house of worship. Property needs gut rehab. Bring your imagination. Opportunity knocks. Call us for a private showing appointment. Thanks for looking.

Last Agent to Sell the Property

Gabriel Oquendo

Go Real Estate Inc. License #10311201954 Listed on: 04/27/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,433

Year Built

  • Built in 1899

Lot Details

  • 2,500 Sq Ft Lot
  • No Common Walls

Parking

  • On-Street Parking

Interior Spaces

  • 3,162 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling

Listing and Financial Details

  • Assessor Parcel Number 02401-0018

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,433

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1899
  • Attribution Contact: 718-863-8778
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Full, Unfinished
  • Total Bedrooms: 8
  • Living Area: 3162.00
  • Square Footage: 3162.00

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Other, See Remarks
  • Hot Water: See Remarks
  • Sewer: Public Sewer, Other
  • Water Source: Public, See Remarks

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0600
  • Lot Size Sq Ft: 2500.00
  • Lot Size Units: Acres
  • Parcel Number: 02401-0018
  • Property Attached: No

Rental Info

  • Hold Start Date: 2021-05-04

Tax Info

  • Close Date: 2021-06-16
  • Tax Annual Amount: 2433.00
  • Tax Map Number: 02401-0018

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • 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
Apr 27, 2021
Closed on
Jun 14, 2021
Sold by
Flagstar Bank Fsb
Bought by
Cambridge Capital 36 Llc
Seller's Agent
Gabriel Oquendo
Go Real Estate Inc.
List Price
$449,900
Sold Price
$617,000
Premium/Discount to List
$167,100
37.14%
Current Estimated Value
$875,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,333
Avg. Annual Appreciation
8.03%

Purchase Details

Closed on
Jul 3, 2018
Sold by
Corsa Esq Lorraine
Bought by
Flagstar Bank Fsb

Purchase Details

Closed on
Aug 22, 2008
Bought by
Afawoubo Kossivi and Toure Moctar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,300
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2007
Sold by
Mccoy Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 19, 2003
Sold by
Mccoy Walter
Bought by
Mccoy Ethel K and Mccoy Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage
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
Cambridge Capital 36 Llc $625,792 --
Cambridge Capital 36 Llc $625,792 --
Flagstar Bank Fsb $500 --
Flagstar Bank Fsb $500 --
Afawoubo Kossivi $579,000 --
Afawoubo Kossivi $579,000 --
-- $335,000 --
-- $335,000 --
Mccoy Ethel K -- --
Mccoy Ethel K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Afawoubo Kossivi $558,300
Previous Owner Any Name Realty Inc $280,000
Previous Owner Mccoy Ethel K $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2021 06/16/21 Sold $617,000 0.0% $195 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
05/04/2021 05/04/21 Off Market $617,000 -- --
04/27/2021 04/27/21 For Sale $449,900 -- $142 / 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 $13,973 $2,372 $11,601
2024 $2,770 $13,792 $2,659 $11,133
2023 $2,648 $13,039 $2,162 $10,877
2022 $2,460 $55,740 $9,900 $45,840
2021 $2,450 $46,680 $9,900 $36,780
2020 $2,465 $40,380 $9,900 $30,480
2019 $2,404 $34,440 $9,900 $24,540
2018 $2,215 $10,866 $4,310 $6,556
2017 $2,093 $10,268 $4,344 $5,924
2016 $1,940 $9,703 $3,488 $6,215
2015 $949 $9,703 $3,905 $5,798
2014 $949 $9,578 $3,412 $6,166
Source: Public Records

Agents Affiliated with this Home

  • Gabriel Oquendo

    Seller's Agent in 2021

    Gabriel Oquendo

    Go Real Estate Inc.

    (718) 863-8778

    1 in this area

    20 Total Sales

    Gabriel Oquendo
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY6111770

OneKey® MLS

APN: 02401-0018

New York Bronx County Bronx 10455 Melrose

388 E 155th St, Bronx, NY

Not Listed for Sale

MultiFamily

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