What is 1961 Wallace Ave?

1961 Wallace Ave is a 3,216 square foot house on a 2,375 square foot lot with 4 bedrooms and 1 bathrooms. 1961 Wallace Ave is a house currently priced at $899,000.

How many photos are available for this home?

DistressedRealEstate.net has 1 photos of 1961 Wallace Ave.

How much is this home worth?

Based on DistressedRealEstate.net's Bronx, NY data, we estimate the home's value is $1,145,600.

How long has this home been listed on DistressedRealEstate.net?

1961 Wallace Ave has been listed on DistressedRealEstate.net since March 11, 2025.

When was this home built?

1961 Wallace Ave was built in 1905.

When was this home last sold?

1961 Wallace Ave was last sold in December 12, 2012.

How competitive is the market for this home?

Based on DistressedRealEstate.net's market data, we calculate that market competition in 10462, this home's neighborhood, is somewhat competitive. This home sell's for about 22% below listed price.

What’s the full address of this home?

The full address for this home is 1961 Wallace Ave, Bronx, NY 10462.

1961 Wallace Ave, Bronx, NY 10462

Hot Deal

Last Updated: March 13, 2025

1961 Wallace Ave, Bronx, NY, 10462

Asking price$ 899,000

Hot Deal

NEWMAR 11, 2025

Multi Family Home

Asking price

$899,000

Porch

1961 Wallace Ave

    
bool(false)

bool(true)

bool(true)

int(0)

Asking price

$899,000

Bronx, NY 10462

—

Bronx County

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Property details for 1961 Wallace Ave

Sells for

78%

of EARV

Status

For Sale

Pending

Yes

Days on market

2 days

Type

Multi Family Home

Zoning Districts

Year Built

1905

Flood Factor

5 / 10

Last Sold

$5.5K in 2012

The description and property data below may have been provided by a third party, the homeowner or public records.

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!

Property features

Appliances

Laundry Features:
Laundry Features:
In Basement
In Basement

Bedrooms

Bedrooms:
Bedrooms:
4
4

Bathrooms

Full Bathrooms:
Full Bathrooms:
1
1
Total Bathrooms:
Total Bathrooms:
1
1

Heating and Cooling

Cooling Features:
Cooling Features:
Wall/Window Unit(s)
Wall/Window Unit(s)
Heating Features:
Heating Features:
Baseboard
Baseboard

Homeowners Association

Association:
Association:
No
No
Calculated Total Monthly Association Fees:
Calculated Total Monthly Association Fees:
0
0

Land Info

Lot Size Acres:
Lot Size Acres:
0.0545225
0.0545225
Lot Size Square Feet:
Lot Size Square Feet:
2375
2375

Other Rooms

Basement Description:
Basement Description:
Finished
Finished
Basement Features:
Basement Features:
Finished
Finished

Multi-Unit Info

Number of 2 Bedroom Units:
Number of 2 Bedroom Units:
1
1
Number of 3 Bedroom Units:
Number of 3 Bedroom Units:
1
1
Number of Units:
Number of Units:
2
2
Unit Features:
Unit Features:
2 Bedroom BedsTotal: 1, 3 Bedroom BedsTotal: 3, 3 Bedroom BathsTotal: 1
2 Bedroom BedsTotal: 1, 3 Bedroom BedsTotal: 3, 3 Bedroom BathsTotal: 1

Interior Features

Flooring:
Flooring:
Hardwood
Hardwood
Granite Counters
Quartz/Quartzite Counters
Recessed Lighting
Washer/Dryer Hookup

Utilities

Natural Gas Connected
Sewer Connected
Sewer:
Sewer:
Public Sewer
Public Sewer
Water Connected
Water Source:
Water Source:
Public
Public

Building and Construction

Building Area Total:
Building Area Total:
3216
3216
Construction Materials:
Construction Materials:
Brick, Post and Beam, Vinyl Siding
Brick, Post and Beam, Vinyl Siding
Property Age:
Property Age:
120
120
Property Attached:
Property Attached:
Yes
Yes
Property Condition:
Property Condition:
Actual
Actual
Year Built:
Year Built:
1905
1905

Other Property Info

Annual Tax Amount:
Annual Tax Amount:
6130.76
6130.76
County:
County:
Bronx County
Bronx County
Number of Separate Electric Meters:
Number of Separate Electric Meters:
3
3
Number of Separate Gas Meters:
Number of Separate Gas Meters:
2
2
Parcel Number:
Parcel Number:
04260-0038
04260-0038
Postal City:
Postal City:
Bronx
Bronx
Postal Code Plus 4:
Postal Code Plus 4:
3208
3208
Property Subtype:
Property Subtype:
Duplex
Duplex
Source Listing Status:
Source Listing Status:
Pending
Pending
Source Property Type:
Source Property Type:
Residential Income
Residential Income
Source System Name:
Source System Name:
C2C
C2C
Tax Year:
Tax Year:
2024
2024

Primary Land Use and Tax Lot Information

for 1961 Wallace Ave

Lot Map

1961 WALLACE AVENUE, 10462

Building Info

DOB Overview:

View Details
Building Class:

B2
Two Family Dwellings: Frame
Year Built:

1905
Number of Buildings:

1
Floors on Main Building:

2
Building Dimensions:

22'48'
Actual Square Footage:

3,216
Calculated Square Footage:

2,112
Residential Floor Area:

2,144
Total Units:

2
Residential Units:

2
Extension:

None
Basement:

Above grade full basement
Proximity:

Detached

Lot Info and Address

Address:

1961 WALLACE AVENUE
Zip Code:

10462
Borough:

Bronx (2)
Block — Lot:

4260 — 38
BBLE:

2042600038
Lot Buildings:
BIN

Name

2047957 1961 WALLACE AVENUE
Ownership:
Land Use:

01
One & Two Family Buildings
Lot Dimensions:

25'95'
Calculated Lot Perimeter:

243.64 ft
Acres:

0.05
Lot Area:

2,375
Lot Type:

Inside

BIN	Name
2047957	1961 WALLACE AVENUE

Zoning and FAR

Zoning Districts:

R5
Lower-density residence district
DCP Zoning Map:

View Details
Actual FAR:

1.35
Max Residential FAR:

1.25
Max Commercial FAR:

0
Max Facility FAR:

2
Max Residential Sqft:

2,969
Buildable Residential Sqft:

0
Residential Area Distribution:

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Real Property Records

for 1961 Wallace Ave

Document Date	Document Type	Unit	Amount

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Property Price History

for 1961 Wallace Ave

Date	Event	Price	Price/Sqft	Source
Mar 13, 2025	Relisted	$899,000	$280	OneKeyMLS
Mar 12, 2025	Listed	$899,000	$426	Compass
Mar 12, 2025	Listing removed	$899,000	$280	OneKeyMLS
Mar 11, 2025	Listed	$899,000	$280	OneKeyMLS
Dec 22, 2018	Listing removed	$1,675	—	MyStateMLS
Dec 22, 2018	Listing removed	$1,275	—	MyStateMLS
Dec 22, 2018	Listing removed	$1,675	—	MyStateMLS
Dec 22, 2018	Listing removed	$1,200	—	MyStateMLS
Dec 31, 2017	Listing removed	$1,675	—	MyStateMLS
Nov 7, 2017	Listed for rent	$1,675	—	MyStateMLS
Feb 28, 2017	Listing removed	$1,275	—	MyStateMLS
Jan 27, 2017	Listed for rent	$1,275	—	MyStateMLS
Dec 5, 2016	Listing removed	$1,675	—	MyStateMLS
Oct 15, 2016	Listed for rent	$1,675	—	MyStateMLS
Aug 22, 2015	Listing removed	$1,200	—	MyStateMLS
Jul 13, 2015	Listed for rent	$1,200	—	MyStateMLS
Aug 3, 2007	Sold	$644,800	$200	Public Record
Mar 17, 2006	Sold	$540,000	$168	Public Record

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Property Tax History

for 1961 Wallace Ave

Year	Taxes	Land	Additions	Total Assessment
2023	$6,199	$8,400	$41,700	$50,100
2022	$5,921	$8,400	$37,260	$45,660
2021	$6,007	$8,400	$36,180	$44,580
2020	$5,700	$8,400	$32,100	$40,500
2019	$5,321	$8,400	$24,240	$32,640
2018	$5,321	$7,529	$17,908	$25,437
2017	$5,039	$8,400	$16,320	$24,720
2016	$4,755	$6,867	$16,921	$23,788
2015	$4,388	$7,497	$14,945	$22,442
2014	$3,769	$13,406	$7,792	$21,198
2011	$3,292	$15,779	$4,045	$19,824
2010	$2,966	$15,779	$4,045	$19,824
2009	$2,782	$11,909	$6,793	$18,702
2007	$2,700	$2,859	$14,640	$17,499

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Sold Homes

near 1961 Wallace Ave

Address	Price	Built	Beds	Baths	Sqft	Lot Size	Distance
641 Baker Ave Bronx, NY 10460MF	$1,070,000 02/18/2025	2003	5	3	3,133 -83difference	2,500	0.51 mi
641 Baker AveMF Bronx, NY 10460 2003 Built 3,133 -83 Sqft 2,500 Lot Size 0.51 mi Distance
1718 Saint Peters Ave Bronx, NY 10461MF	$1,040,000 11/12/2024	1910	7	3	3,388 +172	3,667	0.97 mi
1718 Saint Peters AveMF Bronx, NY 10461 1910 Built 3,388 +172 Sqft 3,667 Lot Size 0.97 mi Distance
1662 Tomlinson Ave Bronx, NY 10461MF	$1,200,000 12/31/2024	1955	6	3	3,433 +217	4,656	0.75 mi
1662 Tomlinson AveMF Bronx, NY 10461 1955 Built 3,433 +217 Sqft 4,656 Lot Size 0.75 mi Distance
1147 Neill Ave Bronx, NY 10461MF	$999,000 02/24/2025	1955	6	3	2,926 -290	2,500	0.67 mi
1147 Neill AveMF Bronx, NY 10461 1955 Built 2,926 -290 Sqft 2,500 Lot Size 0.67 mi Distance
637 Baker Ave Bronx, NY 10460MF	$985,000 12/06/2024	1925	9	3	3,520 +304	2,500	0.51 mi
637 Baker AveMF Bronx, NY 10460 1925 Built 3,520 +304 Sqft 2,500 Lot Size 0.51 mi Distance
1989 Cruger Ave Bronx, NY 10462MF	$770,000 02/28/2025	1920	6	2	2,910 -306	1,664	0.10 mi
1989 Cruger AveMF Bronx, NY 10462 1920 Built 2,910 -306 Sqft 1,664 Lot Size 0.10 mi Distance
1873 Barnes St Bronx, NY 10462MF	$999,000 09/24/2024	1899	7	3	2,390 -826	2,375	0.14 mi
1873 Barnes StMF Bronx, NY 10462 1899 Built 2,390 -826 Sqft 2,375 Lot Size 0.14 mi Distance
1829 Matthews Ave Bronx, NY 10462MF	$1,060,000 12/13/2024	1970	5	4	2,702 -514	3,534	0.24 mi
1829 Matthews AveMF Bronx, NY 10462 1970 Built 2,702 -514 Sqft 3,534 Lot Size 0.24 mi Distance
1918 Fowler Ave Bronx, NY 10462MF	$775,000 03/13/2025	1940	3	3	1,632 -1,584	2,500	0.25 mi
1918 Fowler AveMF Bronx, NY 10462 1940 Built 1,632 -1,584 Sqft 2,500 Lot Size 0.25 mi Distance
874 Van Nest Ave Bronx, NY 10462MF	$960,000 12/02/2024	1925	4	2	1,470 -1,746	2,167	0.45 mi
874 Van Nest AveMF Bronx, NY 10462 1925 Built 1,470 -1,746 Sqft 2,167 Lot Size 0.45 mi Distance

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Homes For Sale

near 1961 Wallace Ave

Address	Price	Built	Beds	Baths	Sqft	Lot Size	Distance
2934 Wallace Ave Bronx, NY 10467MF	$999,000 56 days ago	1930	5	3	3,247 +31difference	3,000	1.35 mi
2934 Wallace AveMF Bronx, NY 10467 1930 Built 3,247 +31 Sqft 3,000 Lot Size 1.35 mi Distance
1569 Haight Ave Bronx, NY 10461MF	$1,200,000 51 days ago	1965	5	3	3,327 +111	3,000	0.82 mi
1569 Haight AveMF Bronx, NY 10461 1965 Built 3,327 +111 Sqft 3,000 Lot Size 0.82 mi Distance
931 Tilden St Bronx, NY 10469MF	$840,000 472 days ago	2004	5	3	3,024 -192	2,901	1.92 mi
931 Tilden StMF Bronx, NY 10469 2004 Built 3,024 -192 Sqft 2,901 Lot Size 1.92 mi Distance
2218 Young Ave Bronx, NY 10469MF	$1,100,000 87 days ago	1930	5	3	3,000 -216	—	1.12 mi
2218 Young AveMF Bronx, NY 10469 1930 Built 3,000 -216 Sqft — Lot Size 1.12 mi Distance
2441 Yates Ave Bronx, NY 10469MF	$1,350,000 42 days ago	1935	5	4	2,995 -221	5,000	1.02 mi
2441 Yates AveMF Bronx, NY 10469 1935 Built 2,995 -221 Sqft 5,000 Lot Size 1.02 mi Distance

Schools

serving 1961 Wallace Ave

School Name	Rating	Grades	Parent Rating	Distance
St. Francis Xavier School 1711 Haight Ave, Bronx, NY 10461	—	K−8		0.69 mi
K−8 Grades Parent Rating 0.69 mi Distance
Ps 105 Senator Abraham Bernstein 725 BRADY AVE, The Bronx, NY 10462	5 / 10	K−5		0.21 mi
K−5 Grades Parent Rating 0.21 mi Distance
St. Clare School 1911 Hone Avenue, Bronx, NY 10461	—	PK−8		0.45 mi
PK−8 Grades Parent Rating 0.45 mi Distance
Young Voices Academy-Bronx 800 LYDIG AVE, The Bronx, NY 10462	6 / 10	K−5		0.33 mi
K−5 Grades Parent Rating 0.33 mi Distance
Bronx Charter School For Excellence 2 1804 HOLLAND AVE, The Bronx, NY 10462	9 / 10	K−7		0.27 mi
K−7 Grades Parent Rating 0.27 mi Distance
New York Institute For Special Education 999 PELHAM PKWY N, The Bronx, NY 10469	—	PK−12		0.69 mi
PK−12 Grades Parent Rating 0.69 mi Distance
Bronx High School For The Visual Arts 2040 ANTIN PL, The Bronx, NY 10462	3 / 10	9−12		0.13 mi
9−12 Grades Parent Rating 0.13 mi Distance
High School For Language And Innovation 925 ASTOR AVE, The Bronx, NY 10469	4 / 10	9−12	—	0.78 mi
9−12 Grades — Parent Rating 0.78 mi Distance
Astor Collegiate Academy 925 ASTOR AVE, The Bronx, NY 10469	4 / 10	9−12		0.78 mi
9−12 Grades Parent Rating 0.78 mi Distance
Bronxdale High School 925 ASTOR AVE, The Bronx, NY 10469	2 / 10	9−12	—	0.76 mi
9−12 Grades — Parent Rating 0.76 mi Distance

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School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Flood Factor

for 1961 Wallace Ave

5 ^|10

Major

FEMA Zone (Est.)

X (unshaded)

Flood insurance:

Recommended

Flood risks are increasing as sea levels rise and weather patterns change.

This property has a Major Flood Factor .

Flood Factor data provided by FloodFactor.