NOT LISTED FOR SALE

434 Wales Ave Bronx, NY 10455

Mott Haven Neighborhood

Estimated Value: $995,000 - $1,167,000

9 Beds
3 Baths
2,262 Sq Ft
$473/Sq Ft Est. Value

Last Sold January 21, 2021

Last sale price $900,000 $398 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,991/month

146 Days on Market

Highlights

  • Window Unit Cooling System
  • Baseboard Heating
  • 2-minute walk to East 143 Street-St Marys Street

About This Home

As of January 2021

This renovated, legal three family in Mott Haven is primed for it's next owner or investor.

Extraordinarily low monthly taxes of just $190 a month and market rate rentals pulling in $72k/year in income make for a 6.2% capitalization rate here (NOI- $59,270).

This home is situated in Mott Haven, one of NYC's fastest growing communities. All of Manhattan's major developers are backing this neighborhood with billion dollar projects bringing 4,000 units of luxury rentals to the area in the next two years. The nightlife and restaurant scene continues to expand their offerings making this an exciting neighborhood for both owners and renters. This house is sure to be a solid investment.

All apartments have natural hardwood floors, sizable kitchens with granite counters, tiled backsplashes and stainless steel appliances. Excellent long term tenants in place, all month to month.

THE LAYOUT:

Apt 1- 2 Bed/ 1 bath- $1650/ mo

Apt 2- 4 bed/ 1.5 bath- $2400/ mo

Apt 3- 3 bed/ 1 bath with skylights- $1950/ mo

Please call for an appointment

Last Agent to Sell the Property

Andrew Freerks

Andrew J. Freerks License #10351216494 Listed on: 08/12/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,158

Year Built

  • Built in 1931 | Remodeled in 2016

Lot Details

  • 2,701 Sq Ft Lot
  • No Common Walls

Home Design

  • 2,262 Sq Ft Home
  • Aluminum Siding

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02576-0007

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,158

Year Built

Built in 1931 | Remodeled in 2016

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1931
  • Year Built Effective: 2016
  • Attribution Contact: 917-246-7750
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Total Bedrooms: 9
  • Living Area: 2262.00
  • Square Footage: 2262.00

Exterior Features

  • Construction Materials: Aluminum Siding

Garage/Parking

  • Total Parking Spaces: 3.00
  • Attached Garage: No
  • Garage: No
  • Parking Description: Off Street

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Hot Water: Gas Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Call Listing Agent
  • Middle School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0600
  • Lot Size Area: 0.0600
  • Lot Size Sq Ft: 2701.00
  • Lot Size Units: Acres
  • Parcel Number: 02576-0007
  • Property Attached: No

Tax Info

  • Close Date: 2021-01-21
  • Included in Taxes: Trash
  • Tax Annual Amount: 2158.00
  • Tax Map Number: 02576-0007

Multi Family

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

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 12, 2020
Closed on
Jan 21, 2021
Sold by
Kokodomo Llc
Bought by
Hall Alexander
Seller's Agent
Andrew Freerks
Andrew J. Freerks
List Price
$900,000
Sold Price
$900,000
Current Estimated Value
$1,070,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,017
Avg. Annual Appreciation
3.11%
Original Mortgage
$883,698
Outstanding Balance
$794,460
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$242,873

Purchase Details

Closed on
Sep 10, 2015
Sold by
Soto Bedsaida and Soto Rafael A
Bought by
Kokodomo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
3.95%
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
Hall Alexander $900,000 --
Kokodomo Llc $193,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Alexander $883,698
Previous Owner Kokodomo Llc $182,000
Previous Owner Soto Bedsaida $30,872
Previous Owner Soto Bedsaida $433,100
Previous Owner Soto Bedsaida $396,865
Previous Owner Soto Bedsaida $49,995
Previous Owner Soto Rafael A $224,700
Previous Owner Soto Rafael A $154,000
Previous Owner Soto Rafael A $44,000
Previous Owner Soto Rafael A $143,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2021 01/21/21 Sold $900,000 0.0% $398 / Sq Ft
01/21/2021 01/21/21 Sold $900,000 0.0% $398 / Sq Ft
01/05/2021 01/05/21 Pending -- -- --
01/03/2021 01/03/21 Pending -- -- --
12/17/2020 12/17/20 For Sale $900,000 0.0% $398 / Sq Ft
12/06/2020 12/06/20 Pending -- -- --
10/12/2020 10/12/20 Price Changed $900,000 -2.7% $398 / Sq Ft
09/25/2020 09/25/20 Price Changed $925,000 -2.6% $409 / Sq Ft
08/12/2020 08/12/20 For Sale $950,000 +5.6% $420 / Sq Ft
03/20/2015 03/20/15 For Sale $900,000 -- $398 / 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 $2,457 $12,968 $1,978 $10,990
2024 $2,457 $12,235 $2,067 $10,168
2023 $2,344 $11,544 $2,255 $9,289
2022 $2,305 $41,280 $9,600 $31,680
2021 $2,411 $42,720 $9,600 $33,120
2020 $2,288 $44,040 $9,600 $34,440
2019 $2,133 $37,200 $9,600 $27,600
2018 $1,961 $9,620 $3,353 $6,267
2017 $1,961 $9,620 $4,736 $4,884
2016 $1,908 $9,546 $3,998 $5,548
2015 $875 $9,006 $3,412 $5,594
2014 $875 $8,497 $3,622 $4,875
Source: Public Records

Agents Affiliated with this Home

  • Andrew Freerks

    Seller's Agent in 2021

    Andrew Freerks

    Andrew J. Freerks

    (917) 246-7750

    7 in this area

    18 Total Sales

    Andrew Freerks
    Section Image

  • A

    Seller's Agent in 2021

    Andrew Freerks Freerks

    Compass

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Map

Source: OneKey® MLS

MLS Number: KEY6062007

OneKey® MLS

APN: 02576-0007

New York Bronx County Bronx 10454 Mott Haven

434 Wales Ave, Bronx, NY

This home is located at 434 Wales Ave, Bronx, NY 10455 since 12 August 2020 and is currently estimated at $1,070,017, approximately $473 per square foot. This property was built in 1931. 434 Wales Ave is a home located in Bronx County with nearby schools including X298 Academy of Public Relations, Hostos-Lincoln Academy of Science, and Middle School 223 Laboratory School of Finance and Technology.

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