NOT LISTED FOR SALE

124 Lincoln Ave Salamanca, NY 14779

Estimated Value: $45,369

-- Bed
-- Bath
4,232 Sq Ft
$11/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $60,000 $14 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $247/month

116 Days on Market

Highlights

  • Corner Lot
  • High Speed Internet
  • Wall to Wall Carpet
  • Baseboard Heating

About This Home

As of February 2019

In a market where inventory is quite low, finding a turn-key, income producing duplex is a rare find! Each unit has been nicely updated and features 3 bedrooms, full bathroom, open living/dining areas, and economy size kitchen. Property has long established rental history with leases currently in place. Both units rent for $600 / mo. plus utilities. Lower unit has parking area in front of house and upper unit has parking and 1 car garage on side of house. Whether you're looking for an investment opportunity or looking to live mortgage free by living in one unit and renting out the other, this home has remarkable possibilities! Owner will do a package deal with the house next door (120 Lincoln Avenue) at a reduced price! Call today for more details!

Last Agent to Sell the Property

Ciji VanDyke

Listing by RE/MAX On Point License #40SH1133987 Listed on: 10/15/2018

RE/MAX On Point

Last Buyer's Agent

Ciji VanDyke

Listing by RE/MAX On Point License #40SH1133987 Listed on: 10/15/2018

RE/MAX On Point

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $894

Year Built

  • Built in 1905

Lot Details

  • 3,120 Sq Ft Lot
  • Lot Dimensions are 104 x 30
  • Corner Lot

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Stone Foundation

Interior Spaces

  • 4,232 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Unfinished Attic
  • Electric Range

Flooring

  • Wall to Wall Carpet
  • Laminate

Utilities

  • Multiple Heating Units
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • 2 Separate Electric Meters

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 47
  • Assessor Parcel Number 041600-073-073-0003-047-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$894

Year Built

Built in 1905

Lot Details

0

Listing Details

  • NY Swis Code: Salamanca-City-041600
  • Total Assessed Value: 6500
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 104
  • Lot Dimension Front: 30
  • Lot Information: Corner Lot, Neighborhood Street, On Reservation, Primary Road
  • Lot Number: 47
  • Nearest Cross Street: East State Street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 837988.83
  • Ratio Close Price By Sq Ft: 14.18
  • Ratio List Price By Acres: 976256.98
  • Ratio List Price By Sq Ft: 16.52
  • Regional Board Code: Buffalo
  • Rent Includes: No Utilities
  • School Tax: 46
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit, Duplex
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 3120
  • Age of Building: 117
  • Year Built: 1905
  • Directions To Property: Take Route 219 into Salamanca. Turn onto East State Street. Property is on the corner of East State Street and Lincoln Avenue.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1905

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Laundry- Separate Hook ups- Some
  • Attic Description: Unfinished
  • Basement Description: Full
  • Floor Description: Laminate-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Negotiable, Oven/Range Electric-Some, Refrigerator
  • Total Sq Ft: 4232

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.0716

Garage/Parking

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

Utilities

  • Heating Fuel Description: Electric
  • Hvac Type: Baseboard
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Electric

Schools

  • School District: Salamanca

Lot Info

  • Parcel Number: 041600-073-073-0003-047-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 894

MLS Schools

  • School District Name: Salamanca

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2018
Closed on
Feb 26, 2019
Sold by
Income Opportunities
Bought by
Denicola John
Seller's Agent
Ciji VanDyke
RE/MAX On Point
Buyer's Agent
Ciji VanDyke
RE/MAX On Point
List Price
$69,900
Sold Price
$60,000
Premium/Discount to List
-$9,900
-14.16%
Current Estimated Value
$45,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,631
Avg. Annual Appreciation
-4.42%

Purchase Details

Closed on
Nov 23, 2010
Sold by
Woodruff Nathan
Bought by
Unlimited Income Opportunities

Purchase Details

Closed on
Oct 29, 2002
Sold by
Lippincott F
Bought by
Woodruff Nathan A
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
Denicola John -- --
Unlimited Income Opportunities $20,000 Daniel R Palumbo
Woodruff Nathan A -- Joseph G Pelych
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2019 02/28/19 Sold $60,000 -14.2% $14 / Sq Ft
02/08/2019 02/08/19 Pending -- -- --
10/15/2018 10/15/18 For Sale $69,900 -- $17 / 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 -- $6,500 $230 $6,270
2023 $0 $6,500 $230 $6,270
2022 -- $6,500 $230 $6,270
2021 $663 $6,500 $230 $6,270
2020 $510 $6,500 $230 $6,270
2019 $198 $6,500 $230 $6,270
2018 $927 $6,500 $230 $6,270
2017 $663 $6,500 $230 $6,270
2016 $640 $6,500 $230 $6,270
2015 -- $6,500 $230 $6,270
2014 -- $6,500 $230 $6,270
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1153875

Western New York Real Estate Information Services (WNYREIS)

APN: 041600-073-073-0003-047-000-0000