NOT LISTED FOR SALE

Estimated Value: $738,596 - $824,000

7 Beds
3 Baths
1,544 Sq Ft
$511/Sq Ft Est. Value

Last Sold June 13, 2023

Last sale price $710,000 $460 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,575/month

129 Days on Market

Highlights

  • 0.06 Acre Lot
  • Eat-In Kitchen
  • Wall to Wall Carpet
  • Porch
  • Forced Air Heating System
  • 2-minute walk to Van Nest Park

About This Home

As of June 2023

Welcome to 607 Baker Avenue. This spacious fully detached two family home is located in the heart of the Van Nest area of Bronx. The first floor is a 3 bedroom 1 bathroom apartment, with a large living room with windows that allow natural light to flow in, and eat in kitchen, where you'll find a pathway leading to the expansive outdoor space, creating the perfect setting for entertaining guests or al fresco dining. The second floor is similarly laid out with an additional bedroom. There is a large fully finished basement basement, which you can access from the back of the house or from the first floor.The property offers its new owner the possibility of occupying one unit, while renting out the other to offset some of your monthly costs. Second unit is currently occupied by the tenant, who has been up to date with the payment throughout all lease terms. Surrounded by great eateries; take a stroll to Joe's Pizza, where you can grab a quick slice, or sit down with the family at Patricia's on Morris Park Ave for a great meal. The property is only a short distance from the Bronx Park East train station, where you can catch trains 2 or 5, BxM10 Bus; as well as the Bronx Zoo where you can spend an amazing time with your kids. This is a great property full of opportunity that won't last.

Last Agent to Sell the Property

Christopher Naughton

Houlihan Lawrence Inc. License #10401364119 Listed on: 10/21/2022

Last Buyer's Agent

Minhaj Sharif

Progress Realty Inc. License #40SH1171548

Progress Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,647

Year Built

  • Built in 1920

Lot Details

  • 2,500 Sq Ft Lot
  • No Common Walls

Home Design

  • Frame Construction

Interior Spaces

  • 1,544 Sq Ft Home
  • Wall to Wall Carpet
  • Eat-In Kitchen
  • Finished Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Porch

Utilities

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

Listing and Financial Details

  • Tenant pays for cooking gas, electricity
  • Assessor Parcel Number 04026-0044

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,647

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1920
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Living Area Units: Square Feet
  • Flooring: Wall To Wall Carpet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Finished
  • Total Bedrooms: 7
  • Living Area: 1544
  • SquareFootage: 1544.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame
  • Patio and Porch Features: Porch

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Forced Air
  • Sewer: Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Sq Ft: 2500
  • Lot Size Units: Acres
  • Parcel Number: 04026-0044
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cooking Gas, Electricity

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf1Bedrooms: 0
  • NumberOf2Bedrooms: 0
  • NumberOf3Bedrooms: 1
  • NumberOf4Bedrooms: 1

Tax Info

  • Tax Annual Amount: 4647
  • Tax Map Number: 04026-0044

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
Oct 21, 2022
Closed on
Jun 13, 2023
Sold by
Tagore Oumoutie and Tagore Rickey
Bought by
Begum Syeda R and Salam Mohammad A
Seller's Agent
Christopher Naughton
Houlihan Lawrence Inc.
Buyer's Agent
Minhaj Sharif
Progress Realty Inc.
List Price
$740,000
Sold Price
$710,000
Premium/Discount to List
-$30,000
-4.05%
Views
89
Current Estimated Value
$789,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,649
Avg. Annual Appreciation
4.26%
Original Mortgage
$693,528
Outstanding Balance
$674,983
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$114,666

Purchase Details

Listed on
Sep 30, 2013
Closed on
Feb 21, 2014
Sold by
Simon Ethne I and Simon Ethne V
Bought by
Tagore Oumoutie and Tagore Rickey
Seller's Agent
Shivanie Patino
Douglas Elliman Real Estate
Buyer's Agent
Shivanie Patino
Douglas Elliman Real Estate
List Price
$350,000
Sold Price
$291,000
Premium/Discount to List
-$59,000
-16.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.05%
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
Begum Syeda R $710,000 --
Tagore Oumoutie $291,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Begum Syeda R $693,528
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/13/2023 06/13/23 Sold $710,000 -4.1% $460 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
02/20/2023 02/20/23 For Sale $740,000 +4.2% $479 / Sq Ft
02/11/2023 02/11/23 Off Market $710,000 -- --
01/10/2023 01/10/23 Price Changed $740,000 -1.3% $479 / Sq Ft
12/01/2022 12/01/22 Price Changed $750,000 -1.3% $486 / Sq Ft
10/21/2022 10/21/22 For Sale $760,000 +161.2% $492 / Sq Ft
02/21/2014 02/21/14 Sold $291,000 -16.9% $154 / Sq Ft View Prior Sale
11/04/2013 11/04/13 Pending -- -- --
09/30/2013 09/30/13 For Sale $350,000 -- $185 / 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 $5,253 $26,352 $5,084 $21,268
2024 $5,253 $26,153 $4,954 $21,199
2023 $5,011 $24,673 $5,054 $19,619
2022 $4,410 $34,380 $8,160 $26,220
2021 $4,621 $31,320 $8,160 $23,160
2020 $4,648 $34,620 $8,160 $26,460
2019 $4,559 $35,700 $8,160 $27,540
2018 $4,191 $20,561 $5,112 $15,449
2017 $3,954 $19,398 $6,817 $12,581
2016 $3,658 $18,300 $8,160 $10,140
2015 $2,253 $20,460 $9,060 $11,400
2014 $2,253 $20,343 $9,008 $11,335
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6217111

OneKey® MLS

APN: 04026-0044