NOT LISTED FOR SALE

2424 Wallace Ave Bronx, NY 10467

Allerton Neighborhood

Estimated Value: $1,029,000 - $1,150,209

7 Beds
4 Baths
3,432 Sq Ft
$318/Sq Ft Est. Value

Last Sold November 03, 2023

Last sale price $1,075,000 $313 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,801/month

57 Days on Market

About This Home

As of November 2023

Incredible investment opportunity in desirable section of the Bronx in NYC. This multi family home is on a double lot and has only been owned and lived in by one family since it was built in 1910. All 3 units plus the finished walkout basement, which you can access from unit 1 or the street, has been well maintained through the years. Ample amounts of private driveway parking, a detached garage and a backyard perfect for entertaining family and friends. It is the perfect multi family home if you are looking to grow your family, invest or both!!

Last Listed By

Stephen Mele

Houlihan Lawrence Inc. Brokerage Phone: 914-361-1065 License #10401292574 Listed on: 07/09/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,343

Year Built

  • Built in 1910

Lot Details

  • 5,000 Sq Ft Lot
  • No Common Walls

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,432 Sq Ft Home
  • Finished Basement
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil

Listing and Financial Details

  • Assessor Parcel Number 04436-0013

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,343

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1910
  • Co List Office Mls Id: ONEHOULAW44
  • Co List Office Phone: 914-361-1065
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Basement: Finished, Walk-Out Access
  • Total Bedrooms: 7
  • Living Area: 3432
  • SquareFootage: 3432.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Oil, Hot Water
  • Sewer: Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Fuel Oil Stand Alone
  • NumberOfHeatingZones: 1

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 5000
  • Lot Size Units: Acres
  • Parcel Number: 04436-0013
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Multi Family

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

Tax Info

  • Tax Annual Amount: 7343
  • Tax Map Number: 04436-0013

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 9, 2023
Closed on
Nov 3, 2023
Sold by
The Estate Of Mary Villano and Villano As Executor
Bought by
Punjabi Geeta
Seller's Agent
Stephen Mele
Houlihan Lawrence Inc.
Buyer's Agent
Umad Saeed
Voro LLC
List Price
$1,199,000
Sold Price
$1,075,000
Premium/Discount to List
-$124,000
-10.34%
Total Days on Market
57
Views
35
Current Estimated Value
$1,092,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,052
Avg. Annual Appreciation
3.86%
Original Mortgage
$860,000
Outstanding Balance
$850,925
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$286,038

Purchase Details

Closed on
Nov 30, 2009
Sold by
West Ida
Bought by
Villano Paul

Range of Values:

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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
Punjabi Geeta $1,075,000 --
Villano Paul $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Punjabi Geeta $860,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2023 11/16/23 Off Market $1,075,000 -- --
11/15/2023 11/15/23 Off Market $1,075,000 -- --
11/03/2023 11/03/23 Sold $1,075,000 0.0% $313 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
09/08/2023 09/08/23 Off Market $1,075,000 -- --
08/23/2023 08/23/23 Price Changed $1,150,000 -4.1% $335 / Sq Ft
08/11/2023 08/11/23 For Sale $1,199,000 +11.5% $349 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
07/13/2023 07/13/23 Off Market $1,075,000 -- --
07/12/2023 07/12/23 For Sale $1,199,000 -- $349 / 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
2024 $8,471 $42,178 $8,664 $33,514
2023 $7,797 $39,791 $9,536 $30,255
2022 $7,343 $59,460 $13,200 $46,260
2021 $7,740 $52,740 $13,200 $39,540
2020 $7,590 $58,260 $13,200 $45,060
2019 $7,060 $48,600 $13,200 $35,400
2018 $6,462 $33,159 $8,142 $25,017
2017 $6,193 $31,849 $11,052 $20,797
2016 $6,057 $31,849 $11,856 $19,993
2015 $3,624 $31,047 $11,985 $19,062
2014 $3,624 $29,290 $11,576 $17,714
Source: Public Records

Agents Affiliated with this Home

  • Stephen Mele

    Seller's Agent in 2023

    Stephen Mele

    Houlihan Lawrence Inc.

    (914) 438-1399

    1 in this area

    124 Total Sales

    Stephen Mele
    Section Image
  • Anthony Saraco

    Seller Co-Listing Agent in 2023

    Anthony Saraco

    Houlihan Lawrence Inc.

    (914) 361-1065

    3 in this area

    113 Total Sales

    Anthony Saraco
    Section Image

  • U

    Buyer's Agent in 2023

    Umad Saeed

    Voro LLC

    (718) 737-9000

    1 in this area

    41 Total Sales

    Umad Saeed
    Section Image
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Map

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Source: OneKey® MLS

MLS Number: KEY6256907

OneKey® MLS

APN: 04436-0013

New York Bronx County Bronx 10467 Allerton

2424 Wallace Ave, Bronx, NY

Homes for Sale in Bronx, NY

This home is located at 2424 Wallace Ave, Bronx, NY 10467 since 09 July 2023 and is currently estimated at $1,092,052, approximately $318 per square foot. This property was built in 1910. 2424 Wallace Ave is a home located in Bronx County with nearby schools including P.S. 89 The Williamsbridge School and St Lucy's School.

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