NOT LISTED FOR SALE

647 E 229th St Bronx, NY 10466

Wakefield Neighborhood

Estimated Value: $849,843 - $996,000

11 Beds
5 Baths
3,645 Sq Ft
$252/Sq Ft Est. Value

Last Sold February 04, 2022

Last sale price $750,000 $206 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,445/month

48 Days on Market

Highlights

  • Property is near public transit
  • Hot Water Heating System
  • Level Lot
  • Park

About This Home

As of February 2022

Huge 3 family for sale in the Wakefield section of the Bronx. This property offers over 3600 square feet of living space. House features a 4 bedroom 2 bathroom apartment, over a 4 bedroom 2 bathroom , plus a 3 bedroom 1 bathroom on the lower level. House is minutes away from the #2 & 5 train station and the Bronx River Parkway. Close to parks, shopping, restaurants and Montefiore Medical Center.

Last Agent to Sell the Property

Errol Lewis

Keller Williams Realty NYC Grp License #10301222934 Listed on: 09/30/2021

Keller Williams Realty NYC Grp

Co-Listed By

Lenworth Brisco

Keller Williams Realty NYC Grp License #10301222622

Last Buyer's Agent

Errol Lewis

Keller Williams Realty NYC Grp License #10301222934 Listed on: 09/30/2021

Keller Williams Realty NYC Grp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,374

Year Built

  • Built in 1901

Lot Details

  • 2,862 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • 3,645 Sq Ft Home
  • Brick Exterior Construction
  • Frame Construction
  • Stone Siding
  • Vinyl Siding

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Full Bathrooms

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 04832-0053

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,374

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1901
  • Attribution Contact: 718-697-6800
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Total Bedrooms: 11
  • Living Area: 3645.00
  • Square Footage: 3645.00

Exterior Features

  • Construction Materials: Brick, Frame, Stone, Vinyl Siding

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water
  • Hot Water: Gas Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0700
  • Lot Size Sq Ft: 2862.00
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 04832-0053
  • Property Attached: No

Rental Info

  • Hold Start Date: 2021-11-01
  • Tenant Pays: Electricity, Gas

Tax Info

  • Close Date: 2022-02-04
  • Included in Taxes: Sewer, Trash
  • Tax Annual Amount: 7374.00
  • Tax Map Number: 04832-0053

Multi Family

  • Units Total: 3
  • 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 30, 2021
Closed on
Feb 4, 2022
Sold by
Smith Barbara E
Bought by
647 East 229Th St Bronx Llc
Seller's Agent
Errol Lewis
Keller Williams Realty NYC Grp
Buyer's Agent
Errol Lewis
Keller Williams Realty NYC Grp
List Price
$850,000
Sold Price
$750,000
Premium/Discount to List
-$100,000
-11.76%
Current Estimated Value
$919,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,711
Avg. Annual Appreciation
5.40%
Original Mortgage
$562,500
Outstanding Balance
$520,328
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$399,383

Purchase Details

Closed on
Feb 19, 2004
Sold by
Edwards Mark and Watts John
Bought by
Watts John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2002
Sold by
Tornos Unidos Corp
Bought by
Edwards Mark and Watts John

Purchase Details

Closed on
Jul 6, 2001
Sold by
Pacheo Carmen A Ref and Williams Brenda
Bought by
Tornos Unidos Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,200
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
647 East 229Th St Bronx Llc $750,000 --
647 East 229Th St Bronx Llc $750,000 --
Watts John -- --
Watts John -- --
Edwards Mark -- --
Edwards Mark -- --
Tornos Unidos Corp -- --
Tornos Unidos Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 647 East 229Th St Bronx Llc $562,500
Closed 647 East 229Th St Bronx Llc $562,500
Previous Owner Watts John $304,000
Previous Owner Tornos Unidos Corp $115,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2022 02/04/22 Sold $750,000 0.0% $206 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/01/2021 11/01/21 Off Market $750,000 -- --
10/14/2021 10/14/21 Price Changed $790,000 -7.1% $217 / Sq Ft
09/30/2021 09/30/21 For Sale $850,000 -- $233 / 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 $7,516 $39,667 $8,346 $31,321
2024 $7,516 $37,422 $8,296 $29,126
2023 $7,600 $37,422 $7,734 $29,688
2022 $7,073 $49,080 $11,160 $37,920
2021 $7,374 $46,140 $11,160 $34,980
2020 $6,997 $47,460 $11,160 $36,300
2019 $6,524 $43,020 $11,160 $31,860
2018 $6,357 $31,185 $8,606 $22,579
2017 $6,019 $29,527 $8,988 $20,539
2016 $5,837 $29,198 $9,236 $19,962
2015 $3,360 $27,547 $8,696 $18,851
2014 $3,360 $25,988 $9,176 $16,812
Source: Public Records

Agents Affiliated with this Home

  • Errol Lewis

    Seller's Agent in 2022

    Errol Lewis

    Keller Williams Realty NYC Grp

    (914) 582-2483

    7 in this area

    29 Total Sales

    Errol Lewis
    Section Image

  • L

    Seller Co-Listing Agent in 2022

    Lenworth Brisco

    Keller Williams Realty NYC Grp

    (914) 584-8409

    5 in this area

    17 Total Sales

    Lenworth Brisco
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY6146102

OneKey® MLS

APN: 04832-0053

New York Bronx County Bronx 10466 Wakefield

647 E 229th St, Bronx, NY

Not Listed for Sale

MultiFamily

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