NOT LISTED FOR SALE

725 Fairmount Place Bronx, NY 10457

East Tremont Neighborhood

Estimated Value: $974,749 - $1,143,000

11 Beds
7 Baths
3,997 Sq Ft
$264/Sq Ft Est. Value

Last Sold October 19, 2021

Last sale price $910,000 $228 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,280/month

17 Days on Market

Highlights

  • 0.07 Acre Lot
  • Property is near public transit
  • Wood Flooring
  • Contemporary Architecture
  • Private Lot
  • 2-minute walk to Fairmont Playground

About This Home

As of October 2021

This well maintained 3 FAMILY HOUSE is located in walking distance to the BRONX ZOO. This property features (3) three-bedroom apartments, all with 2 full baths. The 2nd and 3rd floor have gorgeous balconies. Total 11 bedrooms 7 full bathrooms. The basement is walk out and fully finished with 2 big bedrooms 1 full bathroom. This building has 4 separate meters for both electric and gas. New roof, New water heaters, newly paved sidewalk

Last Agent to Sell the Property

Kadiatou Balde

HomeSmart CrossIsland Brokerage Phone: 718-341-9800 License #10401287620 Listed on: 06/17/2021

HomeSmart CrossIsland

Last Buyer's Agent

Michael Omojola

Malonium Realty Group License #10311208894

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 2,997 Sq Ft Lot
  • 1 Common Wall
  • Private Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Full Bathrooms

Schools

  • Bronx Little Elementary School
  • Ps 214 Middle School
  • Bronx Envision Academy High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Property is near public transit

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Contemporary
  • Property SubType: Multi Family
  • Year Built: 2006
  • New Construction: No
  • Attribution Contact: 718-341-9800
  • Village: Bronx
  • BuildingSize: 45.5 x 5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 7
  • Basement: Finished, Full
  • Total Bedrooms: 11
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Private, Detached, 1 Car Detached

Utilities

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

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Ps 214

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 3413
  • Lot Size Sq Ft: 2997
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit, Private
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 4
  • Separate Gas Meters: 4

MLS Schools

  • Elementary School: Bronx Little School,Fairmont Neighborhood School
  • High School: Bronx Envision Academy
  • Middle School District: Bronx 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Oct 19, 2021
Sold by
Batouga Aminsa
Bought by
Omojola Michael A
Seller's Agent
Kadiatou Balde
HomeSmart CrossIsland
Buyer's Agent
Michael Omojola
Malonium Realty Group
List Price
$899,999
Sold Price
$910,000
Premium/Discount to List
$10,001
1.11%
Current Estimated Value
$1,073,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,117
Avg. Annual Appreciation
3.60%
Original Mortgage
$858,770
Outstanding Balance
$784,025
Interest Rate
2.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$273,162

Purchase Details

Closed on
May 14, 2008
Sold by
Top Homes Inc
Bought by
Batouga Aminsa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,062
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2005
Sold by
Ronald Magro Llc
Bought by
Top Homes Inc

Purchase Details

Closed on
Aug 7, 2003
Sold by
Edward L Koester Esq
Bought by
Empire State Properties Llc and Ronald Magro Llc
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
Omojola Michael A $910,000 --
Batouga Aminsa $630,000 --
Top Homes Inc $250,000 --
Totaram Enterprises L P $22,000 --
Empire State Properties Llc $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Omojola Michael A $858,770
Previous Owner Batouga Aminsa $625,062
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2021 10/19/21 Sold $910,000 +1.1% $228 / Sq Ft
07/04/2021 07/04/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $899,999 -- $225 / 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 $8,017 $39,917 $7,103 $32,814
2024 $8,017 $39,917 $7,533 $32,384
2023 $8,046 $39,616 $8,063 $31,553
2022 $96 $50,580 $11,040 $39,540
2021 $101 $47,460 $11,040 $36,420
2020 $101 $43,800 $11,040 $32,760
2019 $100 $37,200 $11,040 $26,160
2018 $98 $33,013 $8,616 $24,397
2017 $98 $31,145 $8,465 $22,680
2016 $96 $29,383 $9,071 $20,312
2015 $65 $27,720 $10,980 $16,740
2014 $65 $27,720 $10,980 $16,740
Source: Public Records

Agents Affiliated with this Home

  • Kadiatou Balde

    Seller's Agent in 2021

    Kadiatou Balde

    HomeSmart CrossIsland

    (646) 726-7948

    1 in this area

    24 Total Sales

    Kadiatou Balde
    Section Image
  • Michael Omojola

    Buyer's Agent in 2021

    Michael Omojola

    Malonium Realty Group

    (347) 530-6167

    1 in this area

    8 Total Sales

    Michael Omojola
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3322610

OneKey® MLS

APN: 02950-0028

New York Bronx County Bronx 10457 East Tremont

725 Fairmount Place, Bronx, NY

Not Listed for Sale

MultiFamily

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