NOT LISTED FOR SALE

508 Morris Park Ave Bronx, NY 10460

Van Nest Neighborhood

Estimated Value: $804,015 - $930,000

5 Beds
2 Baths
2,474 Sq Ft
$358/Sq Ft Est. Value

Last Sold April 26, 2022

Last sale price $761,500 $308 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,898/month

51 Days on Market

Highlights

  • 0.06 Acre Lot
  • Hot Water Heating System
  • 2-minute walk to East 180 Street

About This Home

As of April 2022

Grab your chance to own this beautiful, conveniently located and newly renovated detached 2 family home! Locationally, a true commuter's dream, with express train stops on the 2 and 5 lines that get you to the city in 15 minutes! Bx21 bus stop right next door, as well as Q44 directly to Flushing, with close proximity to I-95 and Sheridan expressway. Home has private backyard space as well as front area with beautiful redone front porch, and was recently tastefully renovated, with new kitchen, bathrooms, flooring, stairs, windows, lighting, and a brand new roof as well! Basement currently unfinished, but it has its own entrance and has potentially to be finished. Property sits within close range of restaurants and supermarkets, as well as the Bronx Zoo, and the world famous Bronx Botanical Gardens with unique natural events in constant rotation! Absolutely perfect for investors, or owner occupants looking to offset some of their payments. Book your showing before its gone!

Last Agent to Sell the Property

Michael Finger

RE/MAX Distinguished Hms.&Prop License #10401289633 Listed on: 12/01/2021

RE/MAX Distinguished Hms.&Prop

Last Buyer's Agent

Jason Velez

eRealty Advisors, Inc License #10301220065

eRealty Advisors, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,431

Year Built

  • Built in 1925 | Remodeled in 2021

Lot Details

  • 2,448 Sq Ft Lot
  • No Common Walls

Parking

  • On-Street Parking

Home Design

  • 2,474 Sq Ft Home
  • Frame Construction
  • Aluminum Siding
  • Vinyl Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Oil
  • Oil Water Heater

Community Details

  • 2 Units
  • 2 Separate Electric Meters

Listing and Financial Details

  • Assessor Parcel Number 04016-0004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,431

Year Built

Built in 1925 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1925
  • Year Built Effective: 2021
  • Attribution Contact: 914-346-8255
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2021

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Full, Walk-Out Access
  • Total Bedrooms: 5
  • Living Area: 2474.00
  • Square Footage: 2474.00

Exterior Features

  • Construction Materials: Frame, Aluminum Siding, Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0600
  • Lot Size Sq Ft: 2448.00
  • Lot Size Units: Acres
  • Parcel Number: 04016-0004
  • Property Attached: No

Rental Info

  • Hold Start Date: 2022-01-17

Tax Info

  • Close Date: 2022-04-26
  • Tax Annual Amount: 5431.00
  • Tax Map Number: 04016-0004

Multi Family

  • Units Total: 2
  • Two Bedrooms: 1
  • Three Bedrooms: 1
  • Separate Electric Meters: 2

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
Dec 1, 2021
Closed on
Apr 26, 2022
Sold by
Maharjan Sabbu and Melendez Malcolm
Bought by
Reyes Manuel
Seller's Agent
Michael Finger
RE/MAX Distinguished Hms.&Prop
Buyer's Agent
Jason Velez
eRealty Advisors, Inc
List Price
$799,900
Sold Price
$761,500
Premium/Discount to List
-$38,400
-4.8%
Current Estimated Value
$852,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,723
Avg. Annual Appreciation
4.07%
Original Mortgage
$571,125
Outstanding Balance
$536,532
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$347,972

Purchase Details

Listed on
Aug 18, 2020
Closed on
Jan 25, 2021
Sold by
Lnv Corporation
Bought by
Maharjan Sabbu and Melendez Malcolm
Seller's Agent
Gabriel Oquendo
Go Real Estate Inc.
List Price
$524,900
Sold Price
$552,500
Premium/Discount to List
$27,600
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.26%
Original Mortgage
$534,060
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 2018
Sold by
Zizmor Esq Edward
Bought by
Lnv Corporation

Purchase Details

Closed on
Feb 28, 2007
Sold by
Kabir Sms and Salam Abdus
Bought by
Amin Mohammad R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2006
Sold by
Sumi Israt K
Bought by
Kabir Sms and Salam Abdus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,800
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2004
Sold by
Chase Mortgage Company-West and Mellon Mortgage Company
Bought by
Secretary Of Housing And Urban Developme

Purchase Details

Closed on
Oct 22, 2002
Sold by
Roy H Josephson Esq
Bought by
Chase Mortgage Company-West F/K/A/ Mellon Mor

Purchase Details

Closed on
Dec 24, 1997
Sold by
Biavaschi Josephine and Biavaschi Lee
Bought by
Pope Jacqueline and Pope Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,750
Interest Rate
7.08%
Mortgage Type
FHA
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
Reyes Manuel $761,500 --
Reyes Manuel $761,500 --
Maharjan Sabbu $552,500 --
Maharjan Sabbu $552,500 --
Lnv Corporation $1,356,466 --
Lnv Corporation $1,356,466 --
Amin Mohammad R $620,000 --
Amin Mohammad R $620,000 --
Kabir Sms $499,750 --
Kabir Sms $499,750 --
Secretary Of Housing And Urban Developme -- --
Secretary Of Housing And Urban Developme -- --
Chase Mortgage Company-West F/K/A/ Mellon Mor $165,500 --
Chase Mortgage Company-West F/K/A/ Mellon Mor $165,500 --
Pope Jacqueline $148,000 Commonwealth Land Title Ins
Pope Jacqueline $148,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes Manuel $571,125
Closed Reyes Manuel $571,125
Previous Owner Maharjan Sabbu $534,060
Previous Owner Amin Mohammad R $496,000
Previous Owner Kabir Sms $399,800
Previous Owner Pope Jacqueline $146,750
Closed Chase Mortgage Company-West F/K/A/ Mellon Mor $0
Closed Kabir Sms $99,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/26/2022 04/26/22 Sold $761,500 0.0% $308 / Sq Ft
01/21/2022 01/21/22 Pending -- -- --
01/17/2022 01/17/22 Off Market $761,500 -- --
12/01/2021 12/01/21 For Sale $799,900 +44.8% $323 / Sq Ft
01/25/2021 01/25/21 Sold $552,500 +5.3% $223 / Sq Ft View Prior Sale
09/23/2020 09/23/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $524,900 -- $212 / 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 $5,837 $30,804 $6,062 $24,742
2024 $5,837 $29,062 $6,467 $22,595
2023 $5,902 $29,062 $6,344 $22,718
2022 $5,757 $36,960 $9,600 $27,360
2021 $5,726 $34,380 $9,600 $24,780
2020 $5,434 $37,620 $9,600 $28,020
2019 $5,057 $35,520 $9,600 $25,920
2018 $4,937 $24,218 $7,437 $16,781
2017 $4,899 $24,033 $7,629 $16,404
2016 $4,533 $22,674 $8,576 $14,098
2015 $2,735 $21,392 $9,242 $12,150
2014 $2,735 $20,182 $8,296 $11,886
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6156433

OneKey® MLS

APN: 04016-0004