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Sold for $890,000
  • $890,000

    1961 Wallace Avenue, Bronx, NY 10462

    4beds
    3,216sqft
    Duplex, Multi Family
    Built in 1905
    -- sqft lot
    $940,500 Zestimate®
    $277/sqft
    $3,355 Estimated rent

    Home value

    $940,500

    $818,000 - $1.08M

    $3,355/mo

    Zestimate® history
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    $3,355/mo

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    $5,436/mo

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    What's special

    Finished walkout basementRecreational roomRecessed lightingCharming deckSummer kitchenHardwood floorsKitchen features essential appliances
    Introducing the perfect multi-family investment opportunity offering 3,216 sq. ft. of finished space. The finished walkout basement is 1,032 sq. ft. With 4 bedrooms and 3 bathrooms, this residence provides ample room for versatile living! Enjoy the elegance of hardwood floors and recessed lighting throughout. The kitchen features essential appliances, including a dishwasher, gas stove, and refrigerator. Step outside to a charming deck and back yard, ideal for relaxation and entertaining. The finished walkout basement has a guest room/office, recreational room, full bathroom, and summer kitchen making it your ideal entertainment area. The backyard is accessible from the 1st floor unit or the basement. Additional notes: 1 storage shed, efficient baseboard heating, wall units for cooling, and the convenience of a washer and dryer. Street parking is available for added accessibility. There are 3 electric meters, 2 gas meters, 2 boilers, and 2 hot water heaters. Seize the opportunity to own this terrific investment home!

    Zillow last checked:

    Listing updated:

    Listed by:

    Saulo Espaillat 914-377-5476,

    Compass Greater NY, LLC 914-337-0070,

    Lorena Espaillat 914-377-5476,

    Compass Greater NY, LLC

    Bought with:

    Al Morrobel, 10301214181

    Pantiga Group Inc.

    Al Morrobel, 10301214181

    Pantiga Group Inc.

    Source: OneKey® MLS as distributed by MLS GRID,MLS#: 834234MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Baseboard
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Washer/Dryer Hookup, In Basement
    Features
    • Granite Counters, Quartz/Quartzite Counters, Recessed Lighting
    • Flooring: Hardwood
    • Basement: Finished
    Interior area
    • Total structure area: 3,216
    • Total interior livable area: 3,216 sqft

    Property

    Lot
    • Size: 2,375 Square Feet
    Details
    • Parcel number: 042600038
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    • Attached to another structure: Yes
    Materials
    • Brick, Vinyl Siding
    Condition
    • Actual
    • Year built: 1905

    Utilities & green energy

    • Gas: Separate Gas Meters: 2
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Natural Gas Connected, See Remarks, Sewer Connected, Water Connected

    Community & HOA

    Location
    • Region: Bronx

    Financial & listing details

    • Price per square foot: $277/sqft
    • Tax assessed value: $918,000
    • Annual tax amount: $6,130
    • Date on market: 3/11/2025
    • Cumulative days on market: 1 day
    • Listing agreement: Exclusive Right To Sell

    Price history

    DateEventPrice
    5/6/2025Sold$890,000-1%$277/sqft
    Source: OneKey® MLS as distributed by MLS GRID #834234 Report a problem
    3/13/2025Pending sale$899,000+16245.5%$280/sqft
    Source: OneKey® MLS as distributed by MLS GRID #834234 Report a problem
    1/5/2018Listing removed$1,675$1/sqft
    Source: DIANE MILONE REALTY INC #10436419 Report a problem
    11/7/2017Listed for rent$1,675$1/sqft
    Source: DIANE MILONE REALTY INC #10436419 Report a problem
    12/12/2012Sold$5,500-99.1%$2/sqft
    Source: Public Record Report a problem
    8/3/2007Sold$644,800+19.4%$200/sqft
    Source: Public Record Report a problem
    3/17/2006Sold$540,000$168/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,491 +5.9%$55,080 +7.6%
    2024$6,131 -1.1%$51,180 +2.2%
    2023$6,199 $50,100 +9.7%
    2022-- $45,660 +2.4%
    2021-- $44,580 +10.1%
    2020$5,700 +5.9%$40,500 +24.1%
    2019$5,384 +1.2%$32,640 +28.3%
    2018$5,321 +5.6%$25,437 +2.9%
    2017$5,039 +6%$24,720 +3.9%
    2016$4,755 $23,788 +6%
    2015$4,755 +79.6%$22,442 +5.9%
    2014$2,647 $21,198
    2013-- $21,198 +1%
    2012-- $20,998 +5.9%
    2011-- $19,824 +6%
    2010-- $18,702 +5.9%
    2009-- $17,665
    2008-- $17,665 +0.9%
    2007-- $17,499 +5.9%
    2006-- $16,520 +6%
    2005-- $15,585 +5.9%
    2004-- $14,721
    2003-- $14,721 +0.9%
    2002-- $14,583 +5.9%
    2001-- $13,767 +6%
    2000-- $12,988
    Find assessor info on the county website

    Neighborhood: Van Nest

    Nearby schools

    GreatSchools rating