NOT LISTED FOR SALE

119 Fairelm Ln Buffalo, NY 14227

Estimated Value: $277,000 - $351,000

6 Beds
2 Baths
2,266 Sq Ft
$140/Sq Ft Est. Value

Last Sold June 03, 2020

Last sale price $185,000 $82 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $2,287/month

7 Days on Market

Highlights

  • Deck
  • Woodwork
  • Awning
  • Wood Flooring
  • Forced Air Cooling System
  • Ceiling Fan

About This Home

As of June 2020

Do not miss this great investment opportunity. This solid 2-unit has been meticulously maintained. Both units 3 BR & 1 BA. Full dry basement. Lower is 3 BR 1 BA, LR, DR & kitchen w/ HW firs. Upper is 3 BR, 1 BA w/ LR & Kitchen. UPPER unit updates: fully remodeled BA to include new fully tiled standup shower, vanity, toilet & flooring. LOWER unit updates: BA; bathtub, vanity, toilet & flooring)Many other updates: H20 tank (2016). Furnace - lower (2019). Roof (2015). Gutters and fascia on left side of property (if looking from the st.) Flooring - lower unit. Garage door (2019). Glass block window in basement (2019). Showings begin immediately. Open House - Sun. March 1st 1-3pm. Offers due, if applicable, Mon., 3/2/20 by 10 am. No love letters or escalation clauses please.

Last Agent to Sell the Property

Rain Gerace

Listing by WNY Metro Roberts Realty License #10401313029 Listed on: 02/24/2020

WNY Metro Roberts Realty

Last Buyer's Agent

Brian Hillery

Listing by HUNT Real Estate Corporation License #10301221944

HUNT Real Estate Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,652

Year Built

  • Built in 1967

Lot Details

  • 7,650 Sq Ft Lot
  • Lot Dimensions are 102 x 75

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,266 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Awning

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 1 Car Garage
  • Driveway

Outdoor Features

  • Deck

Utilities

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

Listing and Financial Details

  • Rent includes refuse removal, water
  • Tax Lot 42
  • Assessor Parcel Number 143089-113-340-0001-042-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,652

Year Built

Built in 1967

Lot Details

0

Listing Details

  • NY Swis Code: Cheektowaga-143089
  • Total Assessed Value: 129000
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 102
  • Lot Dimension Front: 75
  • Lot Information: Neighborhood Street
  • Lot Number: 42
  • Nearest Cross Street: Vern Lane
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1053530.75
  • Ratio Close Price By Sq Ft: 81.64
  • Ratio List Price By Acres: 1024487.47
  • Ratio List Price By Sq Ft: 79.39
  • Regional Board Code: Buffalo
  • Rent Includes: Refuse Removal, Water
  • Roof Description: Asphalt
  • School Tax: 2331
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit, Upper/Lower
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 7650
  • Age of Building: 55
  • Year Built: 1967
  • Directions To Property: Union Rd. to Vern to Fairelm
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1967

Interior Features

  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Laundry-Common, Natural Woodwork - some, Sump Pump
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Hardwood-Some, Vinyl-Some
  • Total Sq Ft: 2266

Exterior Features

  • Construction: Brick, Vinyl
  • Additional Exterior Features: Awning, Deck
  • Number of Acres: 0.1756

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 1.0000
  • Parking Driveway: 2 or More Spaces, Concrete, Parking Area

Utilities

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

Schools

  • School District: Cheektowaga

Lot Info

  • Parcel Number: 143089-113-340-0001-042-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 5652

MLS Schools

  • School District Name: Cheektowaga

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2020
Closed on
May 22, 2020
Sold by
Sallaj Ragheb M and Sallaj Hala M
Bought by
Heinold Taylor Marie
Seller's Agent
Rain Gerace
WNY Metro Roberts Realty
Buyer's Agent
Brian Hillery
HUNT Real Estate Corporation
List Price
$179,900
Sold Price
$185,000
Premium/Discount to List
$5,100
2.83%
Current Estimated Value
$317,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,248
Avg. Annual Appreciation
9.89%

Purchase Details

Closed on
May 26, 2011
Sold by
Rath Christine P
Bought by
Sallaj Ragheb M and Sallaj Hala M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,729
Interest Rate
4.85%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 14, 2008
Sold by
Reiman Edward M
Bought by
Reiman Edward M and Rath Christine P

Purchase Details

Closed on
Oct 17, 1994
Sold by
Sansone Gerald and Sansone W
Bought by
Reiman Edward M and Reiman Jean
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Heinold Taylor Marie $185,000 None Available
Sallaj Ragheb M $134,600 None Available
Reiman Edward M -- None Available
Reiman Edward M $133,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sallaj Ragheb M $125,729
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2020 06/03/20 Sold $185,000 +2.8% $82 / Sq Ft
03/02/2020 03/02/20 Pending -- -- --
02/24/2020 02/24/20 For Sale $179,900 -- $79 / 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 -- $217,000 $18,600 $198,400
2023 $6,690 $217,000 $18,600 $198,400
2022 $6,460 $217,000 $18,600 $198,400
2021 $6,317 $188,400 $18,600 $169,800
2020 $5,305 $129,000 $14,500 $114,500
2019 $4,828 $129,000 $14,500 $114,500
2018 $4,983 $129,000 $14,500 $114,500
2017 $3,176 $129,000 $14,500 $114,500
2016 $4,777 $129,000 $14,500 $114,500
2015 -- $129,000 $14,500 $114,500
2014 -- $105,300 $14,500 $90,800
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1252860

Western New York Real Estate Information Services (WNYREIS)

APN: 143089-113-340-0001-042-000