NOT LISTED FOR SALE

448 Cyrus Place Bronx, NY 10458

Belmont Neighborhood

Estimated Value: $920,000 - $1,122,000

4 Beds
3 Baths
1,960 Sq Ft
$505/Sq Ft Est. Value

Last Sold September 21, 2023

Last sale price $620,000 $316 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,519/month

70 Days on Market

Highlights

  • Property is near public transit
  • 5-minute walk to Fordham Station
  • Park
  • Formal Dining Room
  • Eat-In Kitchen
  • 1-minute walk to Webster Memorial Playground

About This Home

As of September 2023

Detached three family home for sale in booming Belmont section of the Bronx! Home provides a large 2 bedroom apartment with formal living room, full bathroom and kitchen on the first floor. Two more units on second floor each with their own kitchen, bathroom and two bedrooms, bringing the total bedroom count to 6 for this multifamily home. Basement is finished with access to a large back yard area. Property located near Fordham LIRR station, Fordham Plaza, playgrounds, schools and shops! Large 25x100 Lot R6A Zoning (Approx. 7,500 Buildable Sq. Ft!)

Last Agent to Sell the Property

Etan Hakimi

Mitra Hakimi Realty Group LLC License #10301204850 Listed on: 09/22/2022

Last Buyer's Agent

Etan Hakimi

Mitra Hakimi Realty Group LLC License #10301204850 Listed on: 09/22/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,054

Year Built

  • Built in 1910

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25x100
  • No Common Walls

Parking

  • On-Street Parking

Home Design

  • Frame Construction

Interior Spaces

  • 1,960 Sq Ft Home
  • 2-Story Property
  • Formal Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Ps 59 Comm School Of Technology Elementary School
  • JHS 118 William W Niles Middle School
  • Belmont Preparatory High School

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Heating System Uses Oil

Listing and Financial Details

  • Legal Lot and Block 9 / 3041
  • Assessor Parcel Number 03041-0009

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,054

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story
  • Property SubType: Multi Family
  • Levels: Two
  • Year Built: 1910
  • New Construction: No
  • Village: Bronx
  • BuildingSize: 20 X 45
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen, Formal Dining
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Finished, Full
  • Total Bedrooms: 4
  • Living Area: 1960
  • SquareFootage: 1960.00
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Frame
  • FloodZoneReportYN: 0

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Steam
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Fuel Oil Stand Alone

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 118 William W Niles

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 25x100
  • Lot Size Sq Ft: 2500
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 03041-0009
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3
  • NumberOf1Bedrooms: 2
  • NumberOf2Bedrooms: 1

Tax Info

  • Tax Annual Amount: 3054
  • Tax Block: 3041
  • Tax Lot: 9
  • Tax Map Number: 03041-0009

MLS Schools

  • Elementary School: Ps 59 Comm School Of Technology
  • High School: Belmont Preparatory High School
  • Middle School District: Bronx 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2022
Closed on
Sep 12, 2023
Sold by
Allen Lilla and Harris Michael
Bought by
448 Cyrus Place Llc
Seller's Agent
Etan Hakimi
Mitra Hakimi Realty Group LLC
Buyer's Agent
Etan Hakimi
Mitra Hakimi Realty Group LLC
List Price
$928,000
Sold Price
$620,000
Premium/Discount to List
-$308,000
-33.19%
Views
47
Current Estimated Value
$990,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,667
Avg. Annual Appreciation
23.98%
Original Mortgage
$549,500
Outstanding Balance
$538,127
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$452,540

Purchase Details

Closed on
Jan 21, 2012
Sold by
Lake Merrill and Lake Lake
Bought by
Lake Mabel V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$493,500
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2002
Sold by
Lake Mabel V
Bought by
Lake Merrill and Lake Mabel V

Purchase Details

Closed on
Feb 10, 1995
Sold by
Latorre Michael and Latorre Grace
Bought by
Lake Mabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
448 Cyrus Place Llc $620,000 --
Lake Mabel V -- --
Lake Merrill -- --
Lake Mabel $115,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 448 Cyrus Place Llc $549,500
Previous Owner Lake Mabel V $493,500
Previous Owner Lake Mabel $92,000
Closed Lake Mabel $6,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2023 09/21/23 Sold $620,000 -33.2% $316 / Sq Ft
12/01/2022 12/01/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $928,000 -- $473 / 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 $3,447 $17,306 $3,357 $13,949
2024 $3,447 $17,160 $3,918 $13,242
2023 $2,629 $16,190 $4,002 $12,188
2022 $790 $35,460 $10,440 $25,020
2021 $808 $37,200 $10,440 $26,760
2020 $867 $40,080 $10,440 $29,640
2019 $837 $33,000 $10,440 $22,560
2018 $716 $13,492 $4,762 $8,730
2017 $653 $12,746 $6,027 $6,719
2016 $581 $12,031 $6,068 $5,963
2015 $1,231 $12,018 $5,051 $6,967
2014 $1,231 $11,917 $5,158 $6,759
Source: Public Records

Agents Affiliated with this Home

  • Etan Hakimi

    Seller's Agent in 2023

    Etan Hakimi

    Mitra Hakimi Realty Group LLC

    (718) 268-5588

    1 in this area

    251 Total Sales

    Etan Hakimi
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Map

Source: OneKey® MLS

MLS Number: KEY3432305

OneKey® MLS

APN: 03041-0009

New York Bronx County Bronx 10458 Belmont

448 Cyrus Place, Bronx, NY

Not Listed for Sale

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