NOT LISTED FOR SALE

716 E 227th St Bronx, NY 10466

Wakefield Neighborhood

Estimated Value: $904,847 - $1,068,000

8 Beds
4 Baths
3,717 Sq Ft
$269/Sq Ft Est. Value

Last Sold November 04, 2020

Last sale price $750,000 $202 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $6,404/month

Highlights

  • 0.09 Acre Lot
  • 2-minute walk to 225 Street
  • 2 Car Detached Garage
  • Property is near public transit
  • Main Floor Bedroom
  • Eat-In Kitchen

About This Home

As of November 2020

This detach 4 family house in the north Bronx will not last, it have 5 year old roof, 5 year old gas boiler, mostly new windows and 3 updated bathrooms ALL BUYER MUST BE ACCOMPANIED BY AN AGENT AS THEY WILL HAVE INSTRUCTION ON HOW TO VIEW PROPERTY.

Last Agent to Sell the Property

Maurice Banton

RE/MAX Distinguished Hms.&Prop License #10301222976 Listed on: 07/02/2020

RE/MAX Distinguished Hms.&Prop

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,295

Year Built

  • Built in 1930

Lot Details

  • 4,047 Sq Ft Lot
  • No Common Walls
  • Stone Wall

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,717 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • 4 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 04840-0057

Community Details

Overview

  • 4 Units

Recreation

  • Park

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,295

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Architectural Style: 2 Story
  • Property SubType: Multi Family
  • Year Built: 1930
  • Attribution Contact: 914-346-8255
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 1st Floor Bedrm, Eat-in Kitchen, Pantry
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Basement: Full
  • Total Bedrooms: 8
  • Living Area: 3717.00
  • Square Footage: 3717.00

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Total Parking Spaces: 4.00
  • Attached Garage: No
  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Description: Detached, 2 Car Detached

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water
  • Hot Water: Gas Stand Alone
  • Sewer: 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: 0.0900
  • Lot Size Sq Ft: 4047.00
  • Lot Size Units: Acres
  • Lot Features: Stone/Brick Wall, Near Public Transit
  • Parcel Number: 04840-0057
  • Property Attached: No

Rental Info

  • Tenant Pays: Electricity, Gas

Tax Info

  • Close Date: 2020-11-04
  • Included in Taxes: Trash
  • Tax Annual Amount: 12295.00
  • Tax Map Number: 04840-0057

Multi Family

  • Units Total: 4
  • 1 Bedrooms: 1
  • Two Bedrooms: 2
  • Three Bedrooms: 1
  • Separate Electric Meters: 5
  • Separate Gas Meters: 5

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
Jul 2, 2020
Closed on
Oct 29, 2020
Sold by
Banton Maurice and Beckford Banton Sylvia
Bought by
Kig 716 E 227 Llc
Seller's Agent
Maurice Banton
RE/MAX Distinguished Hms.&Prop
List Price
$899,000
Sold Price
$750,000
Premium/Discount to List
-$149,000
-16.57%
Current Estimated Value
$998,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,212
Avg. Annual Appreciation
5.69%
Original Mortgage
$600,000
Outstanding Balance
$533,915
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$464,297

Purchase Details

Closed on
Mar 24, 2005
Sold by
Linares Jesus M
Bought by
Beckford Banton Maurice and Beckford Banton Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage
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
Kig 716 E 227 Llc $750,000 --
Beckford Banton Maurice $480,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kig 716 E 227 Llc $600,000
Previous Owner Beckford Banton Maurice $432,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2020 11/04/20 Sold $750,000 -24.9% $202 / Sq Ft
07/03/2020 07/03/20 Price Changed $999,000 +11.1% $269 / Sq Ft
07/02/2020 07/02/20 For Sale $899,000 -- $242 / Sq Ft
07/02/2020 07/02/20 Pending -- -- --
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 $14,277 $123,169 $45,519 $77,650
2024 $14,277 $114,200 $50,673 $63,527
2023 $14,009 $114,200 $43,998 $70,202
2022 $13,512 $305,550 $122,400 $183,150
2021 $0 $262,350 $122,400 $139,950
2020 $11,818 $269,550 $122,400 $147,150
2019 $11,079 $224,640 $122,400 $102,240
2018 $11,173 $87,846 $57,438 $30,408
2017 $10,805 $84,951 $58,203 $26,748
2016 $10,143 $78,676 $57,994 $20,682
2015 $6,584 $72,881 $54,163 $18,718
2014 $6,584 $67,574 $60,263 $7,311
Source: Public Records

Agents Affiliated with this Home

  • Maurice Banton

    Seller's Agent in 2020

    Maurice Banton

    RE/MAX

    (914) 320-0325

    16 Total Sales

    Maurice Banton
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Map

Source: OneKey® MLS

MLS Number: KEY6043089

OneKey® MLS

APN: 04840-0057

New York Bronx County Bronx 10466 Wakefield

716 E 227th St, Bronx, NY

Not Listed for Sale

MultiFamily

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