NOT LISTED FOR SALE

Estimated Value: $375,000 - $677,000

6 Beds
2 Baths
4,054 Sq Ft
$139/Sq Ft Est. Value

Last Sold August 20, 2019

Last sale price $356,000 $88 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,235/month

95 Days on Market

Highlights

  • Wood Flooring
  • Woodwork
  • Property is near a bus stop
  • Finished Attic
  • Forced Air Cooling System
  • Ceiling Fan

About This Home

As of August 2019

Welcome to one of Buffalo's most sought-after addresses in the Elmwood Village! As an air B & B it grosses $50,000+ annually. Seller willing to do what is necessary to procure C of O for third floor, creating a TRIPLE occupancy. "Other" room on 2nd floor was originally a bedroom, now used as an office. Hardwoods throughout, natural trim work, some newer windows. Front porches first and second floors. Updates: bath, partial roof, interior and exterior paint, 2 high efficiency furnaces, new boiler in third floor! Guests are booking now to spend time in this vintage Buffalo air B & B. Live in one unit and continue the hospitality!

Last Agent to Sell the Property

Theresa Campbell

Listing by MJ Peterson Real Estate Inc. License #30CA0928851 Listed on: 01/14/2019

MJ Peterson Real Estate Inc.

Last Buyer's Agent

Domenic Surianello

Listing by MJ Peterson Real Estate Inc. License #10401280960

MJ Peterson Real Estate Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,164

Year Built

  • Built in 1907

Lot Details

  • 3,955 Sq Ft Lot
  • Lot Dimensions are 113 x 35
  • Partially Fenced Property

Home Design

  • Stone Foundation

Interior Spaces

  • 4,054 Sq Ft Home
  • 3-Story Property
  • Woodwork
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Finished Attic
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Location

  • Property is near a bus stop

Utilities

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

Listing and Financial Details

  • Rent includes lawn maintenance, refuse removal, water
  • Tax Lot 50
  • Assessor Parcel Number 140200-089-780-0002-050-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,164

Year Built

Built in 1907

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 200000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 113
  • Lot Dimension Front: 35
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 50
  • Nearest Cross Street: Elmwood
  • Number of Stories: 3.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 3920704.85
  • Ratio Close Price By Sq Ft: 87.81
  • Ratio List Price By Acres: 4240088.11
  • Ratio List Price By Sq Ft: 94.97
  • Regional Board Code: Buffalo
  • Rent Includes: Lawn Maintenance, Refuse Removal, Water
  • School Tax: 1787
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 3955
  • Age of Building: 115
  • Year Built: 1907
  • Directions To Property: Chapin Parkway to St. James Place
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1907

Interior Features

  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Laundry- Separate Hook ups- Some, Laundry-Common, Natural Woodwork - some
  • Attic Description: Finished, Stair Access
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Hardwood-Some
  • Kitchen Appliances Included: Dishwasher, Dryer, In All Apartments, Oven/Range Freestanding- Some, Oven/Range Gas-Some, Refrigerator, Washer
  • Total Sq Ft: 4054

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Cable TV Available, Partially Fenced Yard
  • Number of Acres: 0.0908

Garage/Parking

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

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Radiant
  • Number of Gas Meters: 2
  • Number of Heating Units: 3
  • Separate Utilities: Electricity, Gas
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Buffalo

Lot Info

  • Parcel Number: 140200-089-780-0002-050-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 5164

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2019
Closed on
Aug 14, 2019
Sold by
Johnson David N and Johnson Patricia G
Bought by
Sornell Buffalo Properties Llc
Seller's Agent
Theresa Campbell
MJ Peterson Real Estate Inc.
Buyer's Agent
Domenic Surianello
MJ Peterson Real Estate Inc.
List Price
$419,900
Sold Price
$356,000
Premium/Discount to List
-$63,900
-15.22%
Current Estimated Value
$563,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,356
Avg. Annual Appreciation
7.58%
Original Mortgage
$630,400
Outstanding Balance
$555,604
Interest Rate
3.8%
Mortgage Type
Commercial
Estimated Equity
-$2,551

Purchase Details

Closed on
Oct 30, 2017
Sold by
Johnson David N
Bought by
Johnson David N and Johnson Patricia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 26, 2015
Closed on
Feb 4, 2016
Sold by
Hara Carole M O and Carole Mccormick M
Bought by
Johnson David N
Seller's Agent
Gregory Straus
716 Realty Group WNY LLC
Buyer's Agent
Paul Pazderski
Gurney Becker & Bourne
List Price
$289,900
Sold Price
$275,000
Premium/Discount to List
-$14,900
-5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$206,250
Interest Rate
3.98%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Sornell Buffalo Properties Llc $356,000 None Available
Johnson David N -- None Available
Johnson David N $275,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sornell Buffalo Properties Llc $154,758
Closed Sornell Buffalo Properties Llc $154,758
Open Sornell Buffalo Properties Llc $630,400
Previous Owner Johnson David N $283,500
Previous Owner Johnson David N $206,250
Previous Owner Mccormick M Carole $86,825
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2019 08/20/19 Sold $356,000 -7.5% $88 / Sq Ft
04/19/2019 04/19/19 Pending -- -- --
04/11/2019 04/11/19 Price Changed $385,000 +2.7% $95 / Sq Ft
04/02/2019 04/02/19 Price Changed $375,000 -6.2% $93 / Sq Ft
02/23/2019 02/23/19 Price Changed $399,900 -2.4% $99 / Sq Ft
01/30/2019 01/30/19 Price Changed $409,900 -2.4% $101 / Sq Ft
01/14/2019 01/14/19 For Sale $419,900 +52.7% $104 / Sq Ft
02/05/2016 02/05/16 Sold $275,000 -5.1% $68 / Sq Ft
11/24/2015 11/24/15 Pending -- -- --
10/26/2015 10/26/15 For Sale $289,900 -- $72 / 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 $2,062 $407,000 $104,000 $303,000
2023 $2,062 $407,000 $104,000 $303,000
2022 $2,047 $407,000 $104,000 $303,000
2021 $2,047 $407,000 $104,000 $303,000
2020 $1,539 $407,000 $104,000 $303,000
2019 $5,487 $200,000 $25,500 $174,500
2018 $5,163 $200,000 $25,500 $174,500
2017 $1,190 $200,000 $25,500 $174,500
2016 $4,868 $200,000 $25,500 $174,500
2015 -- $200,000 $25,500 $174,500
2014 -- $200,000 $25,500 $174,500
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1168442

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-089-780-0002-050-000