NOT LISTED FOR SALE

423 E 159th St Bronx, NY 10451

Melrose Neighborhood

Estimated Value: $760,000 - $1,026,000

3 Beds
2 Baths
2,527 Sq Ft
$351/Sq Ft Est. Value

Last Sold June 16, 2020

Last sale price $555,000 $220 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $4,810/month

45 Days on Market

Highlights

  • Active Adult
  • Patio
  • Forced Air Heating System
  • Property is near public transit
  • Park
  • 5-minute walk to Railroad Park

About This Home

As of June 2020

Great Opportunity! This Legal 2 Family In The Heart Of The South Bronx. Is Currently Being Used As 3 Different Residences. House Has Old World Charm And A Great Location. Offers 2 Units With Potential Office, In Law Suite, Or Possible 3rd Unit Space. R7-2 Zoning Allows For New Construction Over 8,500 Square Feet. This Multi-Family Is Adjacent To A Park On One Side And Has A Nice Sized Backyard. Will Not Last!!! Investors/ Developers Dream!

Last Agent to Sell the Property

Chintan Trivedi

RE/MAX In The City License #10311203986 Listed on: 08/23/2019

RE/MAX In The City

Co-Listed By

Joyce Estrada

HomeSmart Homes & Estates License #10401330798

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,412

Year Built

  • Built in 1899

Lot Details

  • No Common Walls
  • Fenced

Home Design

  • 2,527 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil

Additional Features

  • Patio
  • Property is near public transit
  • Finished Basement

Listing and Financial Details

  • Assessor Parcel Number 02381-0033

Community Details

Overview

  • Active Adult
  • 2 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,412

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1899
  • Attribution Contact: 929-222-4200
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Finished
  • Total Bedrooms: 3
  • Living Area: 2527.00
  • Square Footage: 2527.00

Exterior Features

  • Fencing: Fenced
  • Patio and Porch Features: Patio

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Forced Air
  • Hot Water: See Remarks
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: Yes

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Features: Near Public Transit
  • Parcel Number: 02381-0033
  • Property Attached: No

Tax Info

  • Close Date: 2020-06-16
  • Tax Annual Amount: 1412.00
  • Tax Map Number: 02381-0033

Multi Family

  • Units Total: 2
  • 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
Aug 23, 2019
Closed on
Jun 10, 2020
Sold by
Estate Of Eleuteria Correa
Bought by
Kig 423 E 159 Llc
Seller's Agent
Chintan Trivedi
RE/MAX In The City
List Price
$574,900
Sold Price
$555,000
Premium/Discount to List
-$19,900
-3.46%
Current Estimated Value
$887,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,437
Avg. Annual Appreciation
8.81%
Original Mortgage
$471,000
Outstanding Balance
$417,505
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$469,932

Purchase Details

Closed on
Jul 6, 2017
Sold by
Rodriguez Eleateria and Rodriguez Horacio
Bought by
Correa Eleateria
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
Kig 423 E 159 Llc $555,000 --
Correa Eleateria -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kig 423 E 159 Llc $471,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2020 06/16/20 Sold $555,000 -3.5% $220 / Sq Ft
10/07/2019 10/07/19 Pending -- -- --
08/23/2019 08/23/19 For Sale $574,900 -- $228 / 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 $2,093 $10,603 $2,096 $8,507
2024 $2,093 $10,423 $2,455 $7,968
2023 $2,001 $9,852 $2,300 $7,552
2022 $1,859 $50,640 $11,220 $39,420
2021 $1,860 $46,080 $11,220 $34,860
2020 $1,574 $41,340 $11,220 $30,120
2019 $1,524 $33,300 $11,220 $22,080
2018 $1,376 $8,210 $2,864 $5,346
2017 $1,282 $7,761 $3,247 $4,514
2016 $1,162 $7,363 $3,270 $4,093
2015 $663 $7,363 $2,459 $4,904
2014 $663 $7,239 $2,859 $4,380
Source: Public Records

Agents Affiliated with this Home

  • Chintan Trivedi

    Seller's Agent in 2020

    Chintan Trivedi

    RE/MAX

    (929) 222-4200

    189 Total Sales

    Chintan Trivedi
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Joyce Estrada

    HomeSmart Homes & Estates

    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY5035467

OneKey® MLS

APN: 02381-0033

New York Bronx County Bronx 10451 Melrose

423 E 159th St, Bronx, NY

Not Listed for Sale

MultiFamily

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