NOT LISTED FOR SALE

701 Rhinelander Ave Bronx, NY 10462

Van Nest Neighborhood

Estimated Value: $799,142 - $871,000

5 Beds
2 Baths
2,148 Sq Ft
$390/Sq Ft Est. Value

Last Sold July 16, 2020

Last sale price $700,000 $326 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,922/month

Highlights

  • Water Access
  • 2-minute walk to Bronx Park East
  • Private Lot
  • 0.06 Acre Lot
  • Property is near public transit
  • 3-minute walk to Bronx Park East

About This Home

As of July 2020

Beautiful Van Nest Exclusive! Large 2 Family Frame Detached home in the center of Van Nest proper area of the Bronx and it's highly desired location close to all. Large 3 Bedroom Apartment over Large 2 Bedroom Apartment with spacious living-room, dining-room, hardwood flooring, stainless steel appliances, new kitchen cabinets, beautifully tiled features throughout apartments over a sprawling 900 plus square foot Unfinished Basement equipped with dedicated utility room, washer and dryer hookup, workshop with access to private backyard fitted with a beautiful gazebo and gas-energy grill. Walking distance to public transportation, award winning schools, shops, and much more great neighborhood amenities. An absolute Beauty to see in a Perfect location to call Home.

Last Agent to Sell the Property

NIK BERISHA

Apex Realty License #10401258279 Listed on: 05/09/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,142

Year Built

  • Built in 1899

Lot Details

  • 2,675 Sq Ft Lot
  • No Common Walls
  • Private Lot
  • Corner Lot

Parking

  • Off-Street Parking

Home Design

  • Bi-Level Home
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,148 Sq Ft Home
  • Triple Pane Windows
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Unfinished Basement

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • 2 Heating Zones
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Natural Gas Water Heater

Additional Features

  • Water Access
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 04255-0004

Community Details

Overview

  • 2 Units
  • Van Nest Community
  • Van Nest Subdivision

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,142

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks, Bilevel
  • Property SubType: Multi Family
  • Subdivision Name: Van Nest
  • Development Name: Van Nest
  • Year Built: 1899
  • Attribution Contact: 718-684-4442
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 1st Floor Bedrm
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Full, See Remarks, Unfinished, Walk-Out Access
  • Total Bedrooms: 5
  • Living Area: 2148.00
  • Window Features: Triple Pane Windows
  • Square Footage: 2148.00

Exterior Features

  • Construction Materials: Frame, Vinyl Siding
  • Waterfront Features: Water Access

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None, Off Street, Other

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Oil, Other, Hot Water, See Remarks
  • Hot Water: Gas Stand Alone
  • Heating Zones: 2
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: 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 Dimensions: 0.0614
  • Lot Size Sq Ft: 2675.00
  • Lot Size Units: Acres
  • Lot Features: Corner Lot, Near Public Transit, Private
  • Parcel Number: 04255-0004
  • Property Attached: No

Tax Info

  • Close Date: 2020-07-16
  • Tax Annual Amount: 5142.00
  • Tax Map Number: 04255-0004

Multi Family

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

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
May 9, 2020
Closed on
Jul 16, 2020
Sold by
Dipasquale Cathy and Pianebianco Graciella
Bought by
Abdulla Ali Aref and Ali Abdulla S
Seller's Agent
NIK BERISHA
Apex Realty
List Price
$795,000
Sold Price
$700,000
Premium/Discount to List
-$95,000
-11.95%
Current Estimated Value
$809,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,863
Avg. Annual Appreciation
4.16%
Original Mortgage
$400,000
Outstanding Balance
$358,460
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$502,281
Source: Public Records

Range of Values:

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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
Abdulla Ali Aref $700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abdulla Ali Aref $400,000
Previous Owner Dipasquale Cathy $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2020 07/16/20 Sold $700,000 -11.9% $326 / Sq Ft
05/09/2020 05/09/20 Pending -- -- --
05/09/2020 05/09/20 For Sale $795,000 -- $370 / 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 $5,856 $30,903 $6,443 $24,460
2024 $5,856 $29,154 $6,766 $22,388
2023 $5,586 $27,504 $5,832 $21,672
2022 $5,491 $40,800 $9,720 $31,080
2021 $5,745 $34,980 $9,720 $25,260
2020 $5,451 $32,160 $9,720 $22,440
2019 $5,082 $32,160 $9,720 $22,440
2018 $4,672 $22,920 $9,720 $13,200
2017 $5,467 $26,820 $9,720 $17,100
2016 $5,153 $25,776 $8,419 $17,357
2015 $2,889 $25,627 $10,183 $15,444
2014 $2,889 $24,177 $9,846 $14,331
Source: Public Records

Agents Affiliated with this Home

  • NIK BERISHA

    Seller's Agent in 2020

    NIK BERISHA

    Apex Realty

    (646) 662-0103

    8 Total Sales

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Map

Source: OneKey® MLS

MLS Number: KEY6038664

OneKey® MLS

APN: 04255-0004

New York Bronx County Bronx 10462 Van Nest

701 Rhinelander Ave, Bronx, NY

This home is located at 701 Rhinelander Ave, Bronx, NY 10462 since 09 May 2020 and is currently estimated at $838,286, approximately $390 per square foot. This property was built in 1899. 701 Rhinelander Ave is a home located in Bronx County with nearby schools including P.S. 105 Senator Abraham Bernstein, Bronx Green Middle School, and Pelham Academy.

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