NOT LISTED FOR SALE

524 Commonwealth Ave Bronx, NY 10473

Clason Point Neighborhood

Estimated Value: $901,908 - $972,000

7 Beds
2 Baths
3,080 Sq Ft
$301/Sq Ft Est. Value

Last Sold June 28, 2019

Last sale price $690,000 $224 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $5,473/month

50 Days on Market

Highlights

  • Property is near public transit, schools, and shops
  • Formal Dining Room
  • Hot Water Heating System
  • Wood Flooring
  • Park

About This Home

As of June 2019

Great Investment Opportunity ! Solid Brick semi attached 2 Family home with a HUGE finished walk out basement with multiple separate entrances. This brick beauty offers a large 4 bedroom apartment over a large 3 bedroom apartment over a huge finished basement split into two separate units with tons of potential. Driveway with parking for up to 4 cars behind the property, minutes away from the Ferry service that goes into Manhattan within minutes, walking distance from the new shopping hub Bruckner Commons offering a great diversity of shopping, restaurants etc. Conveniently located near schools, major highways, public transportation and major brand name super markets.

Last Agent to Sell the Property

Hermi Aquino

RE/MAX Distinguished Hms.&Prop License #30AQ1103641 Listed on: 03/08/2019

RE/MAX Distinguished Hms.&Prop

Last Buyer's Agent

Non Non Member-MLS

Non-Member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,638

Year Built

  • Built in 1935

Lot Details

  • 2,500

Home Design

  • Duplex

Interior Spaces

  • Formal Dining Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Full Bathrooms

Finished Basement

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

Parking

  • 4 Parking Spaces
  • Driveway

Schools

  • Contact Agent Elementary And Middle School
  • Contact Agent High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • 2,500 Sq Ft Lot
  • Property is near public transit, schools, and shops

Listing and Financial Details

  • Assessor Parcel Number 03520-0017

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,638

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Duplex
  • Year Built: 1935
  • ResoBuildingAreaSource: PublicRecords
  • CurrentPrice: 690000.00
  • ListPrice_By_OriginalListPrice: 1.00000
  • ListPrice_By_LotSizeAcres: 12177700.3484
  • CurrentPrice_By_BuildingAreaTotal: 224.02597
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Water Heater
  • Interior Amenities: Formal Dining
  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 7
  • Basement YN: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4
  • Parking Description: Driveway

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Hot Water, Natural Gas
  • Sewer: Public Sewer
  • Utilities: See Remarks
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Park
  • Senior Community: No
  • Association: No

Association/Amenities

  • Community Features: Park

Schools

  • Middle School: Contact Agent

Lot Info

  • Lot Size Acres: 0.0574
  • Lot Size Sq Ft: 2500
  • Lot Features: Near Public Transit, Near School, Near Shops
  • Parcel Number: 03520-0017
  • Property Attached: Yes

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 5638
  • Tax Year: 2018

MLS Schools

  • Elementary School: Contact Agent
  • High School: Contact Agent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2019
Closed on
Jun 28, 2019
Sold by
Mcintosh Freda
Bought by
Johnson Forrester and Johnson Garfield
Seller's Agent
Hermi Aquino
RE/MAX Distinguished Hms.&Prop
Buyer's Agent
Non Non Member-MLS
Non-Member MLS
List Price
$699,000
Sold Price
$690,000
Premium/Discount to List
-$9,000
-1.29%
Current Estimated Value
$927,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,227
Avg. Annual Appreciation
4.61%
Original Mortgage
$677,502
Outstanding Balance
$593,552
Interest Rate
3.82%
Mortgage Type
FHA
Estimated Equity
$333,675
Source: Public Records
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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
Johnson Forrester $690,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Forrester $677,502
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2024 12/10/24 Off Market $690,000 -- --
06/28/2019 06/28/19 Sold $690,000 -1.3% $224 / Sq Ft
04/27/2019 04/27/19 Pending -- -- --
03/08/2019 03/08/19 For Sale $699,000 -- $227 / 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 $7,491 $39,532 $5,586 $33,946
2024 $7,491 $37,294 $5,707 $31,587
2023 $7,145 $35,183 $5,697 $29,486
2022 $6,626 $54,420 $8,520 $45,900
2021 $6,985 $44,160 $8,520 $35,640
2020 $6,973 $41,400 $8,520 $32,880
2019 $6,208 $35,160 $8,520 $26,640
2018 $5,318 $29,319 $7,369 $21,950
2017 $4,992 $27,660 $8,520 $19,140
2016 $5,304 $29,640 $8,520 $21,120
2015 $3,034 $28,365 $9,017 $19,348
2014 $3,034 $26,760 $9,480 $17,280
Source: Public Records

Agents Affiliated with this Home

  • Hermi Aquino

    Seller's Agent in 2019

    Hermi Aquino

    RE/MAX

    (646) 685-6269

    8 in this area

    180 Total Sales

    Hermi Aquino
    Section Image

  • N

    Buyer's Agent in 2019

    Non Non Member-MLS

    Non-Member MLS

See All Agents

Map

Source: OneKey® MLS

MLS Number: H4912318

OneKey® MLS

APN: 03520-0017

New York Bronx County Bronx 10473 Clason Point

524 Commonwealth Ave, Bronx, NY

Not Listed for Sale

MultiFamily

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