NOT LISTED FOR SALE

113 E Summerset Ln Buffalo, NY 14228

North Amherst Neighborhood

Estimated Value: $322,335 - $405,000

4 Beds
3 Baths
2,448 Sq Ft
$151/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $268,000 $109 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,492/month

10 Days on Market

Highlights

  • Wooded Lot
  • Forced Air Cooling System
  • Partially Fenced Property

About This Home

As of January 2023

GREAT ALL BRICK DUPLEX! EXCELLENT INVESTMENT OPPORTUNITY OR OPPORTUNITY FOR SOMEBODY LOOKING TO LIVE IN ONE UNIT WHILE COLLECTING RENT FROM THE OTHER UNIT TO PUT TOWARDS THE MORTGAGE. EACH UNIT HAS 2 LARGE BEDROOMS AND 1 1/2 BATHROOMS WITH A LARGE AND OPEN LIVING ROOM AND EAT IN KITCHEN. ONE UNIT IS BEAUTIFULLY UPDATED WITH LAMINATE FLOORING THROUGHOUT AND UPDATED KITCHENS AND BATHROOMS. THE OTHER UNIT CAN USE A LITTLE EXTRA TLC BUT WITH A LITTLE WORK SUCH AS FRESH PAINT AND CARPETS COULD BE FANTASTIC. BOTH UNITS ARE CURRENTLY TENANT OCCUPIED. OPEN HOUSES ARE AS FOLLOWS- WEDNESDAY 11/30/2022 FROM 5-7PM AND SATURDAY 12/3/2022 FROM 11-1PM.

Last Agent to Sell the Property

Vanessa Marino

Listing by Keller Williams Realty WNY License #10401326946 Listed on: 11/22/2022

Keller Williams Realty WNY

Last Buyer's Agent

Mary Beth Kirbis

Listing by Howard Hanna WNY Inc. License #40KI0976166

Howard Hanna WNY Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,250

Year Built

  • Built in 1970

Lot Details

  • 8,100 Sq Ft Lot
  • Lot Dimensions are 135 x 60
  • Partially Fenced Property
  • Wooded Lot

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 2,448 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Available
  • Gas Water Heater

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 9
  • Assessor Parcel Number 142289-026-100-0002-009-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,250

Year Built

Built in 1970

Lot Details

0

Listing Details

  • NY Swis Code: Amherst-142289
  • Total Assessed Value: 115000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 135
  • Lot Dimension Front: 60
  • Lot Information: Wooded Lot
  • Lot Number: 9
  • Nearest Cross Street: Tonawanda creek
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1440860.22
  • Ratio Close Price By Sq Ft: 109.48
  • Ratio List Price By Acres: 1343548.39
  • Ratio List Price By Sq Ft: 102.08
  • Regional Board Code: Buffalo
  • Rent Includes: No Utilities
  • Roof Description: Asphalt
  • School Tax: 1803
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 8100
  • Age of Building: 53
  • Year Built: 1970
  • Above Grade Finished Sq Ft: 2448
  • Directions To Property: TONAWANDA CREEK ROAD TO EAST SUMMERSET
  • Sq Ft Total Pub: 2448
  • Attribution Contact: 954-675-7572
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1970

Interior Features

  • Basement Description: Full
  • Floor Description: Laminate-Some
  • Total Sq Ft: 2448

Exterior Features

  • Construction: Brick
  • Additional Exterior Features: Partially Fenced Yard
  • Number of Acres: 0.1860

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: Concrete

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Separate Utilities: Electricity, Gas, Water
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 142289-026-100-0002-009-000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 4250

MLS Schools

  • School District Name: Sweet Home

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2022
Closed on
Jan 20, 2023
Sold by
Amherst Rental Group Llc
Bought by
Liang Jing Qin
Seller's Agent
Vanessa Marino
Keller Williams Realty WNY
Buyer's Agent
Mary Beth Kirbis
Howard Hanna WNY Inc.
List Price
$249,900
Sold Price
$268,000
Premium/Discount to List
$18,100
7.24%
Views
141
Current Estimated Value
$369,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,084
Avg. Annual Appreciation
11.54%
Original Mortgage
$214,400
Outstanding Balance
$207,174
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$161,910
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Liang Jing Qin $268,000 Chicago Title Insurance Co
Liang Jing Qin $268,000 Chicago Title Insurance Co
Liang Jing Qin $268,000 None Available
Liang Jing Qin $268,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liang Jing Qin $214,400
Closed Liang Jing Qin $214,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2023 01/31/23 Sold $268,000 +7.2% $109 / Sq Ft
12/02/2022 12/02/22 Pending -- -- --
11/22/2022 11/22/22 For Sale $249,900 -- $102 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $6,773 $275,000 $30,800 $244,200
2023 $4,825 $115,000 $26,700 $88,300
2022 $5,302 $115,000 $26,700 $88,300
2021 $5,154 $115,000 $26,700 $88,300
2020 $5,721 $115,000 $26,700 $88,300
2019 $3,752 $115,000 $26,700 $88,300
2018 $3,691 $115,000 $26,700 $88,300
2017 $2,104 $115,000 $26,700 $88,300
2016 $3,582 $97,000 $16,500 $80,500
2015 -- $97,000 $16,500 $80,500
2014 -- $97,000 $16,500 $80,500
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2023

    Vanessa Marino

    Keller Williams Realty WNY

    (716) 706-3114

    6 in this area

    53 Total Sales

    Vanessa Marino
    Section Image

  • M

    Buyer's Agent in 2023

    Mary Beth Kirbis

    Howard Hanna

    (716) 907-8819

    2 in this area

    26 Total Sales

    Mary Beth Kirbis
    Section Image
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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1445308

Western New York Real Estate Information Services (WNYREIS)

APN: 142289-026-100-0002-009-000

New York Erie County Buffalo 14228 North Amherst

113 E Summerset Ln, Buffalo, NY

Not Listed for Sale

MultiFamily

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