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1961 Wallace Avenue, Bronx, NY 10462 Property Information

1961 Wallace Avenue, Bronx, NY 10462 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1961 Wallace Avenue, Bronx, NY 10462 2
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Address

Primary address 1961 Wallace Avenue
Neighborhood Van Nest
Zip code 10462
Borough Bronx
Block & lot 04260-0038

Sales & Tax Overview for 1961 Wallace Avenue, Bronx

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 05/06/2025
Purchase price $890,000
Tax class
Estimated property tax $6,797

Lot & Building Information for 1961 Wallace Avenue, Bronx

Lot sq. ft. 2,375
Lot dimensions 25 ft x 95 ft
Property type Two Family Frame (B2)
Building sqft 3,216
Building dimensions 22 ft x 48 ft
Buildings on lot 1
Stories 2
Structure type Old style
Building material Frame
Exterior wall Aluminum/vinyl
Basement type Full
Year built 1905
Frontage(s) Wallace Avenue (narrow)
Nearest wide street Bronxdale Avenue
Distance to wide street
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Zoning & Use for 1961 Wallace Avenue, Bronx

Zoning
Residential units (DOF) 2
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 11
Community district 11
Closest police station 0.89 Miles
Closest fire station 0.23 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 1961 Wallace Avenue, Bronx

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Floor area ratio (FAR) for 1961 Wallace Avenue, Bronx, NY 10462, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 1961 Wallace Avenue, Bronx, NY 10462, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 1961 Wallace Avenue, Bronx

What is the year built & the total sq. ft. for 1961 Wallace Avenue, Bronx, NY 10462?

1961 Wallace Avenue, Bronx, NY 10462 was built in 1905 and has a total of 3,216 square feet.

What is the assessed value of 1961 Wallace Avenue, Bronx, NY 10462 and the property tax paid?

Assessed at $55,080, the tax amount paid for 1961 Wallace Avenue, Bronx, NY 10462 is $6,412. For the next year, the tax amount for 1961 Wallace Avenue, Bronx, NY 10462 is estimated at $6,797.

When was 1961 Wallace Avenue, Bronx, NY 10462 last sold and what was the last sale price?

1961 Wallace Avenue, Bronx, NY 10462 was last sold in 05/06/2025 for $890,000.

How many residential units does this building have?

This building has 2 residential unit(s).

Ownership Information for 1961 Wallace Avenue, Bronx

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Property owner name for 1961 Wallace Avenue, Bronx, NY 10462
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Building contacts for 1961 Wallace Avenue, Bronx, NY 10462
Building management:
Representatives (from permits):
Tenants:
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Past Sales & Property History for 1961 Wallace Avenue, Bronx

Create a free account to view the complete sales history for 1961 Wallace Avenue, Bronx, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
05/06/2025 $890,000
08/07/2012 $5,500
01/06/2006 $540,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 1961 Wallace Avenue, Bronx

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
05/29/2025 - D
06/05/2025 - R
Satisfaction of Mortgage
(2025060500192001)
05/29/2025 - D
06/02/2025 - R
Assignment, Mortgage
(2025053000770001)
05/27/2025 - D
05/30/2025 - R
Satisfaction of Mortgage
(2025052900036001)
05/06/2025 - D
05/13/2025 - R
Mortgage
(2025051300345002)
05/06/2025 - D
05/13/2025 - R
Deed
(2025051300345001)
01/09/2023 - D
02/01/2023 - R
Mortgage and Consolidation
(2023020100007001)
05/31/2022 - D
06/16/2022 - R
Assignment, Mortgage
(2022060801248001)
04/23/2018 - D
04/25/2018 - R
Assignment, Mortgage
(2018042500304001)
03/13/2015 - D
03/17/2016 - R
Assignment, Mortgage
(2016031501141001)
01/23/2013 - D
02/07/2013 - R
Assignment, Mortgage
(2013012600115001)
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R: Recorded date
D: Document date

Property Taxes for 1961 Wallace Avenue, Bronx

Access detailed property tax data for 1961 Wallace Avenue, Bronx, NY 10462. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $6,412
Estimated property tax: $6,797
Tax assessor's market value: $918,000
Assessed value: $55,080

Assessment History for 1961 Wallace Avenue, Bronx

Here's the assessment & property tax history for 1961 Wallace Avenue, Bronx, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $918,000 $55,080 $32,316 19.843% $6,412 $6,412 +4.60%
2024/25 $853,000 $51,180 $30,524 20.085% $6,131 $6,131 0.00%
2023/24 $835,000 $50,100 $30,524 20.085% $6,131 $6,131 +1.76%
2022/23 $761,000 $45,660 $29,664 20.309% $6,024 $6,024 +5.71%
2021/22 $743,000 $44,580 $28,546 19.963% $5,699 $5,699 +0.56%

Permits for 1961 Wallace Avenue, Bronx

The complete history of permits filed for 1961 Wallace Avenue, Bronx, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
04/28/2026 Alteration CO
04/28/2026 Alteration CO
08/26/2004 Alteration type 1
         
         
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Neighborhood Residential Market Stats

Access a detailed real estate market overview of Van Nest so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Van Nest and compare it to other neighborhoods in Bronx.

Median Sale Price
-
Median Price/Sqft
-
Bronx Median Sale Price
$345,000
0% YoY

Check out recently sold homes in Bronx and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Birchall Ave & Sagamore St at NE Corner
Station lines 2-5
Distance (miles) 0.165
View subway map
Bus Routes
Name White Plains Rd/Birchall Av
Line BX39
Distance (miles) 0.135

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
P.S. 105 Senator Abraham Bernstein 5 Yes Public PK, K-5 692 0.22
P.S. 105 Senator Abraham Bernstein 5 Yes Public PK, K-5 692 0.22
Bronx Charter School For Excellence 2 9 No Charter K-7 461 0.26
P.S. 83 Donald Hertz 6 No Public K-8 1,562 0.33
Young Voices Academy-Bronx 6 No Public PK, K-5 369 0.33

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Pelham Academy Of Academics And Community Engageme 6 Yes Public 6-8 283 0.88
Bronx Park Middle School 4 Yes Public 6-8 358 0.88
Bronx Green Middle School 6 Yes Public 6-8 341 0.88
Bronx Charter School For Excellence 2 9 No Charter K-7 461 0.26
P.S. 83 Donald Hertz 6 No Public K-8 1,562 0.33

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Bronx High School For The Visual Arts 3 No Public 9-12 421 0.14
Iahd-St. Mary & St. Jude NR No Private 0 0.70
Pelham Preparatory Academy 5 No Public 9-12 458 0.76
Bronxdale High School 2 No Public 9-12 373 0.76
High School For Language And Innovation 4 No Public 9-12 353 0.76

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 1961 Wallace Avenue, Bronx

Here are the neighbors for 1961 Wallace Avenue, Bronx, NY 10462.

Address Square feet Purchase date Purchase price
1953 Wallace Ave, Bronx 01/20/2022
1929 Wallace Ave, Bronx 2,702 07/09/2001
1941 Wallace Ave, Bronx 1,760 02/04/2005 $465,000
1944 Holland Ave, Bronx 3,384 11/07/2007
1943 Wallace Ave, Bronx 2,840 04/22/1999
1965 Wallace Ave, Bronx 1,890 02/07/2006 $450,000
2009 Bronxdale Ave, Bronx 10/29/1999
1937 Wallace Ave, Bronx 2,040 10/16/1996
1938 Holland Ave, Bronx 3,432 06/05/1992
1939 Wallace Ave, Bronx 3,372 09/15/2010 $520,000
1958 Holland Ave, Bronx 2,585 02/24/2009
1927 Wallace Ave, Bronx 3,102 12/09/2021 $50
1970 Hunt Ave, Bronx 2,585 01/31/2018 $650,000
1960 Holland Ave, Bronx 2,585 09/19/2018 $680,000
1955 Wallace Ave, Bronx 2,836 02/28/2018
1963 Wallace Ave, Bronx 1,728 01/18/2002
1948 Holland Ave, Bronx 2,448 03/30/2018 $720,000
1933 Wallace Ave, Bronx 2,717 09/15/2000
1931 Wallace Ave, Bronx 2,702 01/22/2022
1968 Hunt Ave, Bronx 2,585 03/13/2008
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