NOT LISTED FOR SALE

657 E 224th St Bronx, NY 10466

Wakefield Neighborhood

Estimated Value: $564,000 - $688,000

0.07 Acre
$8,923,500 Price per Acre
2,849 Sq Ft Lot

Last Sold April 26, 2023

Last sale price $550,000

Est. 14% increase in value since last sale

Current estimated payment $3,623/month

123 Days on Market

About This Lot

As of April 2023

Welcome to 657 E 224th st! This turnkey opportunity vacant lot is approximately 25 x 114.5 Max residential floor area permitted 2,864.14 x 3.0= 8,564.42 Sq Ft and is a Zoning Code R6A. Zoning R6A districts allow uses for apartment houses or a small building high dens and municipal uses as principal permitted uses 8 dwelling units. The building plans have been submitted and are fully approved. The land also has 421-A extension and a tax abatement.

Last Listed By

Miguel Cabrera

Douglas Elliman Real Estate License #10301211966 Listed on: 10/27/2022

Douglas Elliman Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,400

Year Built

  • 1924

Lot Details

  • 2,849 Sq Ft Lot
  • Level Lot

Utilities

  • Underground Utilities

Listing and Financial Details

  • Assessor Parcel Number 04826-0027

Property Details

Property Type

Land

Est. Annual Taxes

$1,400

Year Built

1924

Lot Details

0

Listing Details

  • Property Type: Land
  • Property SubType: Unimproved Land
  • Development Status: Permit Ap Pending
  • Village: None
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1924

Exterior Features

  • Road Frontage Type: See Remarks

Utilities

  • Sewer: Public Sewer
  • Utilities: None, Underground Utilities, Sewer Available
  • Water Source: Public
  • GarbageRemoval: Public

Association/Amenities

  • Community Features: Sidewalks

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 2849
  • Lot Size Units: Acres
  • Lot Features: Level
  • Parcel Number: 04826-0027
  • Zoning Description: Other
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1400
  • Tax Map Number: 04826-0027
  • IncludedInTaxes: Sewer,Trash,Water

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 27, 2022
Closed on
Apr 26, 2023
Sold by
Spartan Ives Development Llc
Bought by
657 Associates Llc
Seller's Agent
Miguel Cabrera
Douglas Elliman Real Estate
Buyer's Agent
Miguel Cabrera
Douglas Elliman Real Estate
List Price
$790,000
Sold Price
$550,000
Premium/Discount to List
-$240,000
-30.38%
Total Days on Market
123
Views
259
Current Estimated Value
$624,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,645
Avg. Annual Appreciation
6.28%

Purchase Details

Closed on
Mar 21, 2022
Sold by
657 Land Holdings Corp
Bought by
Spartan Ives Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
3.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2021
Sold by
Lawrence Hugh
Bought by
657 Land Holdings Corp

Purchase Details

Closed on
Apr 16, 2010
Sold by
Lawrence Hope and Lawrence Hugh
Bought by
Lawrence Hugh

Range of Values:

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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
657 Associates Llc $550,000 --
657 Associates Llc $550,000 --
Spartan Ives Development Llc $350,000 --
Spartan Ives Development Llc $350,000 --
657 Land Holdings Corp -- --
657 Land Holdings Corp -- --
Lawrence Hugh $150,000 --
Lawrence Hugh $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 657 Associates Llc $275,000
Open 657 Associates Llc $2,000,000
Closed 657 Associates Llc $330,000
Previous Owner Spartan Ives Development Llc $330,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2023 04/26/23 Sold $550,000 -6.8% --
02/27/2023 02/27/23 Pending -- -- --
01/04/2023 01/04/23 Price Changed $590,000 -4.8% --
11/29/2022 11/29/22 Price Changed $620,000 -10.1% --
11/10/2022 11/10/22 Price Changed $690,000 -12.7% --
10/27/2022 10/27/22 For Sale $790,000 -- --
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
2024 $1,516 $7,550 $7,550 $0
2023 $1,447 $7,123 $4,184 $2,939
2022 $1,382 $15,960 $10,080 $5,880
2021 $1,375 $15,060 $10,080 $4,980
2020 $1,306 $15,060 $10,080 $4,980
2019 $1,242 $13,620 $10,080 $3,540
2018 $1,210 $5,936 $4,660 $1,276
2017 $1,176 $5,770 $4,752 $1,018
2016 $1,089 $5,445 $4,971 $474
2015 $657 $5,142 $4,713 $429
2014 $657 $4,947 $4,535 $412
Source: Public Records

Agents Affiliated with this Home

  • Miguel Cabrera

    Seller's Agent in 2023

    Miguel Cabrera

    Douglas Elliman Real Estate

    (347) 657-6394

    4 in this area

    40 Total Sales

    Miguel Cabrera
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY6217664

OneKey® MLS

APN: 04826-0027

New York Bronx County Bronx 10466 Wakefield

657 E 224th St, Bronx, NY

Homes for Sale in Bronx, NY

This home is located at 657 E 224th St, Bronx, NY 10466 since 27 October 2022 and is currently estimated at $624,645. This property was built in 1924. 657 E 224th St is a home located in Bronx County with nearby schools including P.S. 103 Hector Fontanez, North Bronx School of Empowerment, and Bronx Charter School For Excellence 4.

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