NOT LISTED FOR SALE

Estimated Value: $992,000 - $1,142,000

5 Beds
3 Baths
3,246 Sq Ft
$324/Sq Ft Est. Value

Last Sold December 02, 2021

Last sale price $949,000 $292 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,377/month

34 Days on Market

Highlights

  • 0.06 Acre Lot
  • Deck
  • Wood Flooring
  • Colonial Architecture
  • Property is near public transit
  • 1-minute walk to Van Nest Park

About This Home

As of December 2021

Nestled in the heart of Van Nest is this tremendous investment opportunity. The fully detached and vacant building features three apartments plus a full finished basement. The top level presents two-one bedroom apartments while the main level boasts a three bed one bath unit with access to a private deck and the spacious backyard. The property has been completely remodeled and showcases new kitchens, bathrooms, floors, boiler, hot water heater, light fixtures, upgraded plumbing and electricity and much more. Morris Park amenities are just a short walk away with access to public transportation, shopping and eateries. Make it yours today!

Last Agent to Sell the Property

Manuel Pantiga

License #10311210497 Listed on: 09/10/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,137

Year Built

  • Built in 1925 | Remodeled in 2021

Lot Details

  • 2,500 Sq Ft Lot
  • No Common Walls
  • Sloped Lot

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 3,246 Sq Ft Home
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Finished Basement

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

Outdoor Features

  • Deck
  • Patio

Location

  • Property is near public transit

Utilities

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

Listing and Financial Details

  • Tenant pays for cooking gas, electricity
  • Assessor Parcel Number 04026-0031

Community Details

Overview

  • 3 Units
  • Van Nest Community
  • Van Nest Subdivision

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,137

Year Built

Built in 1925 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Subdivision Name: Van Nest
  • Development Name: Van Nest
  • Year Built: 1925
  • Year Built Effective: 2021
  • Attribution Contact: 347-657-1114
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2021

Interior Features

  • Interior Amenities: Master Downstairs, Eat-in Kitchen, Granite Counters
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 5
  • Living Area: 3246.00
  • Square Footage: 3246.00

Exterior Features

  • Construction Materials: Frame, Vinyl Siding
  • Patio and Porch Features: Deck, Patio

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Hot Water: Gas Stand Alone
  • Heating Zones: 3
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Additional Fee: 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: 2500.00
  • Lot Size Units: Acres
  • Lot Features: Sloped, Near Public Transit
  • Parcel Number: 04026-0031
  • Property Attached: No

Rental Info

  • Tenant Pays: Cooking Gas, Electricity

Tax Info

  • Close Date: 2021-12-02
  • Included in Taxes: Trash
  • Tax Annual Amount: 6137.00
  • Tax Map Number: 04026-0031

Multi Family

  • Units Total: 3
  • 1 Bedrooms: 2
  • Three Bedrooms: 1
  • Separate Electric Meters: 4
  • Separate Gas Meters: 3

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
Sep 10, 2021
Closed on
Dec 2, 2021
Sold by
1702 Wallace Ave Llc
Bought by
Dolma Dawa and Tashi Fnu Ringchen
Seller's Agent
Manuel Pantiga
List Price
$948,888
Sold Price
$949,000
Premium/Discount to List
$112
0.01%
Current Estimated Value
$1,053,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,147
Avg. Annual Appreciation
2.88%
Original Mortgage
$759,200
Outstanding Balance
$702,376
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$353,424

Purchase Details

Closed on
Mar 2, 2021
Sold by
Galbo Angela and Tartarone Christopher
Bought by
1702 Wallace Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2017
Sold by
Tartarone Christopher
Bought by
Galbo Angela and Tartarone Christopher
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Dolma Dawa $949,000 --
1702 Wallace Ave Llc $499,999 --
Galbo Angela -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dolma Dawa $759,200
Previous Owner 1702 Wallace Ave Llc $402,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2021 12/02/21 Sold $949,000 0.0% $292 / Sq Ft
10/14/2021 10/14/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $948,888 -- $292 / 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 $7,792 $40,766 $6,362 $34,404
2024 $7,792 $38,796 $6,533 $32,263
2023 $7,564 $37,243 $7,252 $29,991
2022 $5,893 $43,740 $9,720 $34,020
2021 $6,137 $43,020 $9,720 $33,300
2020 $6,141 $47,520 $9,720 $37,800
2019 $5,726 $39,240 $9,720 $29,520
2018 $5,316 $26,076 $7,283 $18,793
2017 $5,015 $24,600 $9,720 $14,880
2016 $4,858 $24,300 $9,720 $14,580
2015 $2,854 $24,177 $10,216 $13,961
2014 $2,854 $22,809 $8,195 $14,614
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY6141869

OneKey® MLS

APN: 04026-0031