NOT LISTED FOR SALE

847 Morris Park Ave Bronx, NY 10462

Van Nest Neighborhood

Estimated Value: $1,180,675

6 Beds
2 Baths
1,942 Sq Ft
$608/Sq Ft Est. Value

Last Sold May 11, 2018

Last sale price $799,000 $411 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,879/month

50 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Window Unit Cooling System
  • Wood Flooring
  • Granite Countertops
  • 1-minute walk to Matthews Mulliner Playground

About This Home

As of May 2018

Mixed-Use Corner Property located on Morris Park Ave and Muliner Ave. Store-front Business Space on the Ground Floor with a Basement, and Two (2) Fully Renovated Brand New Three (3) Bedroom Apartments above. Near Public Transportation, Stores, Restaurants, and Playground. Great Investment Opportunity!

Last Agent to Sell the Property

Cheng Lee

RE/MAX Top Brokerage Phone: 718-684-5228 License #10311203626 Listed on: 10/12/2017

RE/MAX Top

Last Buyer's Agent

Cheng Lee

RE/MAX Top Brokerage Phone: 718-684-5228 License #10311203626 Listed on: 10/12/2017

RE/MAX Top

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,932

Year Built

  • Built in 1925

Lot Details

  • 666 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Frame Construction

Interior Spaces

  • 1,942 Sq Ft Home
  • Wood Flooring
  • Granite Countertops
  • Finished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit

Utilities

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

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 04055-0001

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,932

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks
  • Property SubType: Multi Family
  • Year Built: 1925
  • Attribution Contact: 718-684-5228
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Basement: Finished
  • Total Bedrooms: 6
  • Living Area: 1942
  • SquareFootage: 1942.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

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

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.02
  • Lot Size Area: 0.02
  • Lot Dimensions: 0.0153
  • Lot Size Sq Ft: 666
  • Lot Size Units: Acres
  • Lot Features: Corner Lot, Near Public Transit
  • Parcel Number: 04055-0001
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3
  • NumberOf3Bedrooms: 2

Tax Info

  • Tax Annual Amount: 2932
  • Tax Map Number: 04055-0001

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: Call Listing Agent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2017
Closed on
May 11, 2018
Sold by
Farm Development Llc
Bought by
Springs Paradise Ny Inc
Seller's Agent
Cheng Lee
RE/MAX Top
Buyer's Agent
Cheng Lee
RE/MAX Top
List Price
$799,000
Sold Price
$799,000
Current Estimated Value
$1,180,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$381,675
Avg. Annual Appreciation
5.29%
Original Mortgage
$499,000
Outstanding Balance
$432,406
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$728,316

Purchase Details

Closed on
Sep 18, 2014
Sold by
Soifer Craig
Bought by
Farm 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
$200,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 28, 1997
Sold by
Farella Camille and Farella Belle Anne
Bought by
Soifer Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,400
Interest Rate
7.55%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 2, 1994
Sold by
Farella Camille and Farella Belle Anne
Bought by
Farella Camille and Farella Belle Anne
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
Springs Paradise Ny Inc $799,000 --
Springs Paradise Ny Inc $799,000 --
Farm Development Llc $325,000 --
Farm Development Llc $325,000 --
Soifer Craig $155,000 Commonwealth Land Title Ins
Soifer Craig $155,000 Commonwealth Land Title Ins
Farella Camille -- Ticor Title Guarantee Compan
Farella Camille -- Ticor Title Guarantee Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Springs Paradise Ny Inc $499,000
Closed Springs Paradise Ny Inc $499,000
Previous Owner Farm Development Llc $200,000
Previous Owner Farm Development Llc $330,000
Previous Owner Soifer Craig $300,000
Previous Owner Soifer Craig $143,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2018 05/11/18 Sold $799,000 0.0% $411 / Sq Ft
10/12/2017 10/12/17 Pending -- -- --
10/12/2017 10/12/17 For Sale $799,000 -- $411 / 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 $4,311 $35,591 $8,871 $26,720
2024 $4,311 $34,486 $10,321 $24,165
2023 $3,917 $31,932 $10,268 $21,664
2022 $3,618 $218,250 $73,800 $144,450
2021 $0 $174,600 $73,800 $100,800
2020 $3,415 $191,700 $73,800 $117,900
2019 $3,346 $167,940 $73,800 $94,140
2018 $5,882 $24,563 $12,953 $11,610
2017 $2,893 $22,744 $13,134 $9,610
2016 $2,715 $21,060 $13,083 $7,977
2015 $5,454 $65,158 $41,258 $23,900
2014 $5,454 $63,137 $44,250 $18,887
Source: Public Records

Agents Affiliated with this Home

  • Cheng Lee

    Seller's Agent in 2018

    Cheng Lee

    RE/MAX Top

    (646) 279-9318

    1 in this area

    33 Total Sales

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Map

Source: OneKey® MLS

MLS Number: KEY4745538

OneKey® MLS

APN: 04055-0001

New York Bronx County Bronx 10462 Van Nest

847 Morris Park Ave, Bronx, NY

This home is located at 847 Morris Park Ave, Bronx, NY 10462 since 12 October 2017 and is currently priced at $1,180,675, approximately $607 per square foot. This property was built in 1925. 847 Morris Park Ave is a home located in Bronx County with nearby schools including P.S. 083 The Donald Hertz School, Icahn Charter School 2, and Bronx Excellence 2.

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