NOT LISTED FOR SALE

397 E 158th St Bronx, NY 10451

Melrose Neighborhood

Estimated Value: $1,133,988

-- Bed
-- Bath
4,896 Sq Ft
$232/Sq Ft Est. Value

Last Sold August 06, 2014

Last sale price $680,000 $139 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $7,096/month

230 Days on Market

Highlights

  • Property is near public transit
  • Park
  • 4-minute walk to Railroad Park
  • Window Unit Cooling System
  • Hot Water Heating System

About This Home

As of August 2014

Calling all Investors/Buyers searching for a large income producing property. Legal two Family in the Melrose section of the Bronx Three Store Fronts, presently rented. Busy location, yet convenient for local residents; shopping, transportation, houses of worship; three blocks from Yankee Stadium-A Money Making investment.

Last Agent to Sell the Property

Kathy Dispenza

Howard Hanna Rand Realty Brokerage Phone: 914-964-2002 License #10401206019 Listed on: 06/14/2013

Howard Hanna Rand Realty

Co-Listed By

David Gaudio

Houlihan Lawrence Inc. Brokerage Phone: 914-964-2002 License #10401202486

Houlihan Lawrence Inc.

Last Buyer's Agent

David Gaudio

Houlihan Lawrence Inc. Brokerage Phone: 914-964-2002 License #10401202486

Houlihan Lawrence Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,002

Year Built

  • Built in 1928

Lot Details

  • 2,439 Sq Ft Lot
  • No Common Walls

Parking

  • On-Street Parking

Home Design

  • 4,896 Sq Ft Home
  • Brick Exterior Construction
  • Vinyl Siding

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Oil

Additional Features

  • Partially Finished Basement

Listing and Financial Details

  • Assessor Parcel Number 02405-0025

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,002

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks
  • Property SubType: Multi Family
  • Year Built: 1928
  • Attribution Contact: 914-964-2002
  • Co List Office Mls Id: ONERANDBH04
  • Co List Office Phone: 914-964-2002
  • Village: Bronx
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Basement: Partially Finished
  • Living Area: 4896
  • SquareFootage: 4896.00

Exterior Features

  • Construction Materials: Brick, Vinyl Siding

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Oil, Hot Water
  • Sewer: Sewer
  • Water Source: Public
  • GarbageRemoval: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdditionalFeesYN: 0

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 0.0560
  • Lot Size Sq Ft: 2439
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 02405-0025
  • Zoning Description: R 8
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Fuel Expense: 2200
  • Units Total: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3
  • NumberOf3Bedrooms: 1
  • NumberOf4Bedrooms: 1

Tax Info

  • Tax Annual Amount: 7002
  • Tax Map Number: 02405-0025

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
Jun 14, 2013
Closed on
Aug 6, 2014
Sold by
Colon Benjamin
Bought by
Bronx Improvements Group Llc
Seller's Agent
Kathy Dispenza
Howard Hanna Rand Realty
Buyer's Agent
David Gaudio
Houlihan Lawrence Inc.
List Price
$779,000
Sold Price
$680,000
Premium/Discount to List
-$99,000
-12.71%
Current Estimated Value
$1,133,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$453,988
Avg. Annual Appreciation
4.58%
Original Mortgage
$46,411
Outstanding Balance
$35,221
Interest Rate
4.14%
Mortgage Type
Commercial
Estimated Equity
$1,098,767

Purchase Details

Closed on
Dec 21, 2007
Sold by
Efrain Colon
Bought by
Colon Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 11, 2005
Sold by
Colon Benjamin
Bought by
Colon Benjamin
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
Bronx Improvements Group Llc $670,000 --
Bronx Improvements Group Llc $670,000 --
Colon Benjamin $150,000 --
Colon Benjamin $150,000 --
Colon Benjamin $150,000 --
Colon Benjamin $150,000 --
Colon Benjamin -- --
Colon Benjamin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bronx Improvements Group Llc $46,411
Closed Bronx Improvements Group Llc $46,411
Previous Owner Colon Benjamin $450,000
Previous Owner Colon Benjamin $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2014 08/06/14 Sold $680,000 -12.7% $139 / Sq Ft
01/31/2014 01/31/14 Pending -- -- --
06/14/2013 06/14/13 For Sale $779,000 -- $159 / 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 $13,861 $114,511 $1,205 $113,306
2024 $13,861 $110,872 $1,258 $109,614
2023 $12,600 $102,714 $1,386 $101,328
2022 $11,638 $428,400 $5,400 $423,000
2021 $0 $450,045 $5,400 $444,645
2020 $10,987 $436,950 $5,400 $431,550
2019 $10,756 $363,960 $5,400 $358,560
2018 $10,049 $79,011 $1,407 $77,604
2017 $9,307 $73,171 $1,418 $71,753
2016 $8,736 $67,765 $1,520 $66,245
2015 $5,671 $67,758 $1,823 $65,935
2014 $5,671 $65,605 $1,664 $63,941
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2014

    Kathy Dispenza

    Howard Hanna Rand Realty

    Section Image
  • David Gaudio

    Seller Co-Listing Agent in 2014

    David Gaudio

    Houlihan Lawrence Inc.

    (914) 879-4841

    48 Total Sales

    David Gaudio
    Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEYH3318925

OneKey® MLS

APN: 02405-0025

New York Bronx County Bronx 10451 Melrose

397 E 158th St, Bronx, NY

Not Listed for Sale

MultiFamily

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