NOT LISTED FOR SALE

Estimated Value: $987,268 - $1,091,000

8 Beds
3 Baths
3,300 Sq Ft
$318/Sq Ft Est. Value

Last Sold June 12, 2017

Last sale price $675,000 $205 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $6,116/month

151 Days on Market

Highlights

  • Window Unit Cooling System
  • 5-minute walk to Melrose Station
  • 5-minute walk to Joyce Kilmer Park
  • Hot Water Heating System

About This Home

As of June 2017

Take advantage of the Bronx's real estate boom with this 3 family home in Concourse Village. With residential/commercial development and new businesses opening like Starbucks, this 3bed/3bed/2bed with finished bsmt would make an ideal investment for the new or seasoned investor. Located a few blocks from E 161st and the Grand Concourse, near all major transportation, this property is in an ideal location.

Last Agent to Sell the Property

Kenneth Fuentes

Keller Williams Realty NYC Grp Brokerage Phone: 718-697-6800 License #10401214433 Listed on: 10/31/2016

Keller Williams Realty NYC Grp

Co-Listed By

Annecy Done

Keller Williams Realty NYC Grp Brokerage Phone: 718-697-6800 License #10401276948

Last Buyer's Agent

Tripti Ghosh

LAFFEY REAL ESTATE License #30GH0814246

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,458

Year Built

  • Built in 1905

Lot Details

  • 1,904 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 3,300 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Finished Basement

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 02446-0033

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,458

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1905
  • Attribution Contact: 718-697-6800
  • Co List Office Mls Id: ONEKWRNYC
  • Co List Office Phone: 718-697-6800
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 8
  • Living Area: 3300
  • SquareFootage: 3300.00
  • SquareFootageSource: Other

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.0437
  • Lot Size Sq Ft: 1904
  • Lot Size Units: Acres
  • Parcel Number: 02446-0033
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 4
  • Separate Gas Meters: 3
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 2

Tax Info

  • Tax Annual Amount: 4458
  • Tax Map Number: 02446-0033

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 31, 2016
Closed on
Jun 12, 2017
Sold by
Medina Alfonsa I and Medina Armando
Bought by
Defendini Pierre
Seller's Agent
Kenneth Fuentes
Keller Williams Realty NYC Grp
Buyer's Agent
Kenneth Fuentes
Keller Williams Realty NYC Grp
List Price
$650,000
Sold Price
$675,000
Premium/Discount to List
$25,000
3.85%
Current Estimated Value
$1,050,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,317
Avg. Annual Appreciation
5.28%
Original Mortgage
$208,300
Outstanding Balance
$172,846
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$877,471

Purchase Details

Closed on
Nov 14, 2007
Sold by
Medina Armando
Bought by
Medina Alfonsa I and Medina Armando

Purchase Details

Closed on
Feb 28, 2007
Sold by
Rivera George and Rivera Yolanda
Bought by
Medina Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,500
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2004
Sold by
Feliciano Carlos and Maldonado Manuel
Bought by
Feliciano Carlos and Rivera Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 1999
Sold by
Big Ben Associates Inc
Bought by
Feliciano Carlos and Maldonado Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,200
Interest Rate
7.8%
Mortgage Type
FHA

Purchase Details

Closed on
May 13, 1998
Sold by
Ordonez Gloria and Ordonez Marco A
Bought by
Big Ben Associates Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Defendini Pierre $675,000 --
Defendini Pierre $675,000 --
Medina Alfonsa I -- --
Medina Alfonsa I -- --
Medina Armando $565,000 --
Medina Armando $565,000 --
Feliciano Carlos -- --
Rivera George $380,000 --
Feliciano Carlos -- --
Feliciano Carlos $215,000 The Judicial Title Ins Agenc
Feliciano Carlos $215,000 The Judicial Title Ins Agenc
Big Ben Associates Inc $77,500 First American Title Ins Co
Big Ben Associates Inc $77,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Defendini Pierre $208,300
Closed Defendini Pierre $208,300
Previous Owner Medina Armando $508,500
Previous Owner Rivera George $304,000
Previous Owner Feliciano Carlos $0
Previous Owner Feliciano Carlos $213,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2017 06/12/17 Sold $675,000 +3.8% $205 / Sq Ft
10/30/2016 10/30/16 Pending -- -- --
10/30/2016 10/30/16 For Sale $650,000 -- $197 / 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 $8,133 $40,737 $5,925 $34,812
2024 $8,133 $40,491 $6,665 $33,826
2023 $7,849 $38,647 $6,104 $32,543
2022 $5,790 $53,340 $9,600 $43,740
2021 $5,758 $46,740 $9,600 $37,140
2020 $5,791 $45,660 $9,600 $36,060
2019 $5,681 $41,700 $9,600 $32,100
2018 $5,222 $25,618 $6,424 $19,194
2017 $4,927 $24,168 $8,574 $15,594
2016 $4,558 $22,800 $9,600 $13,200
2015 $3,382 $26,820 $9,660 $17,160
2014 $3,382 $26,253 $8,036 $18,217
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4647034

OneKey® MLS

APN: 02446-0033