NOT LISTED FOR SALE

125 E Terrace Ave Lakewood, NY 14750

Estimated Value: $197,000 - $427,000

4 Beds
3.5 Baths
3,160 Sq Ft
$88/Sq Ft Est. Value

Last Sold July 18, 2023

Last sale price $1,265,000 $400 Per Sq Ft

Current estimated payment $1,936/month

10 Days on Market

Highlights

  • 208 Feet of Waterfront
  • Heated Floors
  • Cape Cod Architecture
  • Barn
  • 1.04 Acre Lot
  • Sun or Florida Room

About This Home

As of July 2023

A lakefront property like this is hard to find and rare to come on the market! This beautiful 4 bedroom home has over 200' of Chautauqua Lake frontage that is flat, expansive and has a very private feel. On the 1st floor enjoy lake views from the eat-in kitchen, dining room, spacious great room and lake facing patios. There are hardwood floors and updated windows throughout. The kitchen has an open layout w/ an eat-in area and adjacent mudroom/pantry. There are also double ovens, Wolf range and 2 Sub-zero refrigerators. The laundry room and a half bath are located right off of the kitchen. A 1st floor bedroom w/ built in murphy bed has its own full bath. This could also be used as a den and easily converted to a guest suite when needed. On the 2nd floor is the primary suite along with 2 more bedrooms and another full bath. No shortage of storage w/ a wall of built-in closets + another large room at the top of the stairs. Outside is a 2 story barn w/ a garage that fits 2 cars, lots of storage and tons of potential! Along the lakefront is a guest cottage w/ large open great room + kitchen/bar and 3/4 bathroom. Great potential here as well! Delayed negotiations until Sun 5/28 2PM

Last Agent to Sell the Property

JoHanna Briggs

Listing by ERA Team VP Real Estate License #10401241137 Listed on: 05/19/2023

ERA Team VP Real Estate

Last Buyer's Agent

Rick and Julia McMahon

Listing by Real Estate Advantage License #30MC0780823

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,390

Year Built

  • Built in 1940

Lot Details

  • 1.04 Acre Lot
  • Lot Dimensions are 235 x 208
  • 208 Feet of Waterfront
  • Lake Front
  • Irregular Lot
  • Private Yard

Home Design

  • Cape Cod Architecture
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 3,160 Sq Ft Home
  • 1.7-Story Property
  • Dry Bar
  • Gas Fireplace
  • Living Room
  • Breakfast Room
  • Den
  • Sun or Florida Room
  • Water Views
  • Crawl Space
  • Unfinished Attic
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Double Oven
  • Electric Cooktop
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Wall to Wall Carpet
  • Heated Floors
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 2 Car Detached Garage
  • Circular Driveway

Outdoor Features

  • Patio
  • Separate Outdoor Workshop

Schools

  • Southwestern Elementary School
  • Southwestern Middle School
  • Southwestern Senior High School

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Radiant Heating System
  • Gas Water Heater

Additional Features

  • Accessory Dwelling Unit (ADU)
  • Barn

Listing and Financial Details

  • Property held in a trust
  • Tax Lot 678
  • Assessor Parcel Number 062201-368-020-0001-007-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,390

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Additional Structures: Accessory Dwelling Unit, Barn / Outbuilding
  • NY Swis Code: Lakewood-Village-062201
  • Total Assessed Value: 636500
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 235
  • Lot Dimension Front: 208
  • Lot Information: Neighborhood Street
  • Lot Number: 678
  • Lot Shape: Irregular
  • Nearest Cross Street: Shadyside
  • Number of Stories: 1.7000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 1212847.56
  • Ratio Close Price By Sq Ft: 400.32
  • Ratio List Price By Acres: 1198465.96
  • Ratio List Price By Sq Ft: 395.57
  • Regional Board Code: Rochester
  • Roof Description: Asphalt, Shingles
  • School Tax: 12962
  • Styles of Residence: Cape Cod
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Trust
  • Village: Lakewood-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 45454
  • Age of Building: 83
  • Garage Amenities: Shop Space, Storage
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 3160
  • Directions To Property: In Lakewood, North on Shadyside toward Chautauqua Lake. Turn right on E Terrace Avenue and the home is directly on your left.
  • Sq Ft Total Pub: 3160
  • Attribution Contact: 716-450-4319
  • EnergyEquipment: None
  • WaterRelatedFeatures: Water View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1940

Interior Features

  • Full Bathrooms: 3
  • Additional Interior Features: Dry Bar
  • Additional Rooms: 1st Floor Bedroom, Den/Study, Florida/Sun Room- Unheated, Laundry-1st Floor, Living Room, Primary Bedroom Bath, Possible Additional Bedroom
  • Attic Description: Crawl Space, Unfinished
  • Basement Description: Crawl Space
  • Floor Description: Hardwood-Some, Tile-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Cooktop - Electric, Dishwasher, Double Oven, Refrigerator
  • Kitchen Dining Description: Breakfast Room, Eat-In, Solid Surface Counter, Walk-In Pantry
  • Number of Bedrooms 1st Floor: 1
  • Number of Bedrooms 2nd Floor: 3
  • Number of Fireplaces Gas: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of 1st Floor Full Bathrooms: 1
  • Number of 2nd Floor Full Bathrooms: 2
  • Number of 1st Floor Half Bathrooms: 1
  • Number of Rooms: 14
  • Half Bathrooms: 1
  • Total Bathrooms: 3.10
  • Total Bedrooms: 4
  • Total Sq Ft: 3160

Exterior Features

  • Construction: Brick, Wood
  • Waterfront Name: Chautauqua Lake
  • Additional Exterior Features: Dock- see Remarks, Patio, Private Yard - see Remarks
  • Number of Acres: 1.0430
  • Waterfront Description: Lake
  • Waterfront Frontage: 208

Garage/Parking

  • Driveway Description: Blacktop, Circular, Parking Area, Turnaround
  • Garage Description: Detached
  • Number of Garage Spaces: 2.0000

Utilities

  • Heating Fuel Description: Electric, Gas
  • Hvac Type: Forced Air, Heated Floors, Radiant
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Condo/Co-op/Association

  • HOA Payment Frequency: None

Schools

  • School District: Southwestern
  • Elementary School: Southwestern Elementary
  • Middle School: Southwestern Middle
  • High School: Southwestern Senior High

Lot Info

  • Parcel Number: 062201-368-020-0001-007-000

Tax Info

  • Total Taxes: 24390

MLS Schools

  • Elementary School Name: Southwestern Elementary
  • High School Name: Southwestern Senior High
  • Middle School Name: Southwestern Middle
  • School District Name: Southwestern

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2023
Closed on
Jun 26, 2023
Sold by
Howlett Family Asset Protection Trust
Bought by
Treend Eric
Seller's Agent
JoHanna Briggs
ERA Team VP Real Estate
Buyer's Agent
Rick and Julia McMahon
Real Estate Advantage
List Price
$1,250,000
Sold Price
$1,265,000
Premium/Discount to List
$15,000
1.2%
Views
167
Current Estimated Value
$279,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$985,667
Avg. Annual Appreciation
-51.62%
Source: Public Records

Range of Values:

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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
Treend Eric $1,265,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2023 07/18/23 Sold $1,265,000 +1.2% $400 / Sq Ft
05/29/2023 05/29/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $1,250,000 -- $396 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $5,441 $126,500 $60,000 $66,500
2023 $5,286 $126,500 $60,000 $66,500
2022 $4,973 $126,500 $60,000 $66,500
2021 $4,886 $126,500 $60,000 $66,500
2020 $4,793 $126,500 $60,000 $66,500
2019 -- $126,500 $60,000 $66,500
2018 $4,642 $126,500 $60,000 $66,500
2017 $4,686 $126,500 $60,000 $66,500
2016 $4,651 $126,500 $60,000 $66,500
2015 -- $126,500 $60,000 $66,500
2014 -- $126,500 $60,000 $66,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1471359

Chautauqua-Cattaraugus Board of REALTORS®

APN: 062201-368-020-0001-008-000