NOT LISTED FOR SALE

115 Olcott St Lockport, NY 14094

Estimated Value: $133,530 - $152,000

5 Beds
3 Baths
2,791 Sq Ft
$51/Sq Ft Est. Value

Last Sold February 06, 2020

Last sale price $69,700 $25 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $967/month

88 Days on Market

Highlights

  • Wood Flooring
  • Rectangular Lot
  • Multiple Heating Units
  • Forced Air Cooling System

About This Home

As of February 2020

Great investment opportunity in the city of Lockport! This 2 family residence has a great monthly rental income! Lower unit has three bedrooms, a spacious floor plan, basement access, and a long term tenant in place. Upper unit offers two bedrooms with a current lease in place. Separate utilities help to make property management simple. Don't miss the chance to make this property yours today!

Last Agent to Sell the Property

Amy Triplet

Listing by HUNT Real Estate Corporation License #10401257532 Listed on: 09/05/2019

HUNT Real Estate Corporation

Last Buyer's Agent

Ryan Neidrauer

Listing by 716 Realty Group WNY LLC License #10401326222

716 Realty Group WNY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,969

Year Built

  • Built in 1880

Lot Details

  • 2,920 Sq Ft Lot
  • Lot Dimensions are 73 x 40
  • Property fronts a private road
  • Rectangular Lot

Home Design

  • Asphalt Roof
  • Partial Copper Plumbing
  • Vinyl Construction Material

Interior Spaces

  • 2,791 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Vinyl

Basement

  • Partial Basement
  • Crawl Space

Utilities

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

Listing and Financial Details

  • Rent includes hot water, lawn maintenance
  • Tax Lot 23
  • Assessor Parcel Number 290900-109-024-0001-023-000

Community Details

Overview

  • 2 Units
  • Holland Land Co Surv Community
  • Holland Land Co Surv Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,969

Year Built

Built in 1880

Lot Details

2,920 Sq Ft Lot

Listing Details

  • NY Swis Code: Lockport-City-290900
  • Total Assessed Value: 35700
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 73
  • Lot Dimension Front: 40
  • Lot Information: Private Road
  • Lot Number: 23
  • Lot Shape: Rectangular
  • Nearest Cross Street: Clinton
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1040298.51
  • Ratio Close Price By Sq Ft: 24.97
  • Ratio List Price By Acres: 1043283.58
  • Ratio List Price By Sq Ft: 25.04
  • Regional Board Code: Buffalo
  • Rent Includes: Hot Water, Lawn Maintenance
  • Roof Description: Asphalt
  • School Tax: 1016
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 2920
  • Age of Building: 142
  • Year Built: 1880
  • Directions To Property: From Clinton - left in N Adam St, at corner N Adam and Olcott
  • Subdivision Comm Complex: Holland Land Co Surv
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1880

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some
  • Attic Description: Crawl Space
  • Basement Description: Partial
  • Floor Description: Vinyl-Some, Wood-Some
  • Total Sq Ft: 2791

Exterior Features

  • Construction: Vinyl, Wood
  • Number of Acres: 0.0670

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces

Utilities

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

Lot Info

  • Parcel Number: 290900-109-024-0001-023-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1969

MLS Schools

  • School District Name: Lockport

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2019
Closed on
Jan 27, 2020
Sold by
Bigioni Michael
Bought by
Schifferle Jill K
Seller's Agent
Amy Triplet
HUNT Real Estate Corporation
Buyer's Agent
Ryan Neidrauer
716 Realty Group WNY LLC
List Price
$69,900
Sold Price
$69,700
Premium/Discount to List
-$200
-0.29%
Current Estimated Value
$143,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,683
Avg. Annual Appreciation
12.47%
Original Mortgage
$66,215
Outstanding Balance
$58,740
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$84,643

Purchase Details

Listed on
Jan 31, 2018
Closed on
Jan 20, 2018
Sold by
Woodvridge Property Group Llc
Bought by
Penwright Allen F and Penwright Joyce M
Seller's Agent
Betty Harris
WNY Metro Town Center Realty Inc.
Buyer's Agent
Amy Triplet
HUNT Real Estate Corporation
List Price
$59,900
Sold Price
$53,000
Premium/Discount to List
-$6,900
-11.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.51%

Purchase Details

Listed on
Nov 11, 2013
Closed on
Dec 12, 2013
Sold by
Penwright Allen F
Bought by
Woodbridge Property Group Llc
Seller's Agent
Betty Harris
WNY Metro Town Center Realty Inc.
Buyer's Agent
Betty Harris
WNY Metro Town Center Realty Inc.
List Price
$49,900
Sold Price
$44,000
Premium/Discount to List
-$5,900
-11.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.58%
Original Mortgage
$44,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2011
Sold by
Sleight James E and Sleight Dorothy R
Bought by
Penwright Allen F

Purchase Details

Closed on
Sep 25, 2009
Sold by
City Of Lockport
Bought by
Sleight Family Trust

Purchase Details

Closed on
Jul 27, 2009
Sold by
White Michael E
Bought by
City Of Lockport and State Of New York
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schifferle Jill K $70,000 None Available
Penwright Allen F $50,000 --
Woodbridge Property Group Llc $44,000 None Available
Penwright Allen F $11,500 None Available
Sleight Family Trust $9,200 --
Sleight Family Trust $9,200 None Available
City Of Lockport -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schifferle Jill K $66,215
Previous Owner Woodbridge Property Group Llc $44,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/06/2020 02/06/20 Sold $69,700 -0.3% $25 / Sq Ft
12/02/2019 12/02/19 Pending -- -- --
09/05/2019 09/05/19 For Sale $69,900 0.0% $25 / Sq Ft
03/27/2019 03/27/19 Rented $600 0.0% --
03/25/2019 03/25/19 Under Contract -- -- --
03/14/2019 03/14/19 For Rent $600 0.0% --
03/15/2018 03/15/18 Sold $53,000 -11.5% $19 / Sq Ft View Prior Sale
02/16/2018 02/16/18 Pending -- -- --
01/31/2018 01/31/18 For Sale $59,900 +36.1% $21 / Sq Ft
01/17/2014 01/17/14 Sold $44,000 -11.8% $16 / Sq Ft View Prior Sale
11/12/2013 11/12/13 Pending -- -- --
11/11/2013 11/11/13 For Sale $49,900 -- $18 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $2,473 $91,000 $1,700 $89,300
2023 $2,376 $85,000 $1,700 $83,300
2022 $1,891 $85,000 $1,700 $83,300
2021 $1,408 $35,700 $2,000 $33,700
2020 $1,377 $35,700 $2,000 $33,700
2019 $309 $35,700 $2,000 $33,700
2018 $996 $35,700 $2,000 $33,700
2017 $993 $35,700 $2,000 $33,700
2016 $961 $35,700 $2,000 $33,700
2015 -- $35,700 $2,000 $33,700
2014 -- $35,700 $2,000 $33,700
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1223113

Western New York Real Estate Information Services (WNYREIS)

APN: 290900-109-024-0001-023-000

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