NOT LISTED FOR SALE

1298 Electric Ave Buffalo, NY 14218

Lackawanna Area

Estimated Value: $125,000 - $188,419

5 Beds
2 Baths
1,760 Sq Ft
$89/Sq Ft Est. Value

Sale Details

Date Sold: March 18, 2021

Last sale price $81,000 $46 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $1,121 / mo

75 Days on Market

Highlights

  • Full Attic
  • Forced Air Cooling System
  • Partially Fenced Property
  • Woodwork
  • Property is near bus stop
  • Wall to Wall Carpet

About This Home

As of March 2021

Fully rented double in Lackawanna - 2 BR, 1 BA upper unit and 3 BR, 1 BA lower unit. Showings begin immediately. 24 hour notice required for all showings. Being sold "AS IS".

Last Agent to Sell the Property

Rain Gerace

Listing by WNY Metro Roberts Realty License #10401313029 Listed on: 09/08/2020

WNY Metro Roberts Realty

Last Buyer's Agent

AKM Husen

Listing by Howard Hanna WNY Inc. License #10401337586

Howard Hanna WNY Inc.

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,005

Year Built

  • Built in 1929

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 100 x 60
  • Partially Fenced Property

Home Design

  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 1,760 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Full Attic
  • Washer and Dryer Hookup

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 2 Car Garage
  • Shared Driveway

Location

  • Property is near bus stop

Utilities

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

Listing and Financial Details

  • Rent includes all utilities
  • Tax Lot 38
  • Assessor Parcel Number 140900-142-460-0004-038-100

Community Details

Overview

  • 2 Units
  • Buffalo Crk Reservation Community
  • Buffalo Crk Reservation Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,005

Year Built

Built in 1929

Lot Details

6,000 Sq Ft Lot

Listing Details

  • NY Swis Code: Lackawanna-City-140900
  • Total Assessed Value: 54000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 100
  • Lot Dimension Front: 60
  • Lot Information: Near Bus Line, Neighborhood Street, Primary Road
  • Lot Number: 38
  • Nearest Cross Street: Cherry Ave.
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 588235.29
  • Ratio Close Price By Sq Ft: 46.02
  • Ratio List Price By Acres: 573710.97
  • Ratio List Price By Sq Ft: 44.89
  • Regional Board Code: Buffalo
  • Rent Includes: All Utilities
  • Roof Description: Asphalt
  • School Tax: 1103
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit, Upper/Lower
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6000
  • Age of Building: 93
  • Year Built: 1929
  • Above Grade Finished Sq Ft: 1760
  • Directions To Property: Ridge Road to Electric Ave.
  • Sq Ft Total Pub: 1760
  • Subdivision Comm Complex: Buffalo Crk Reservation
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1929

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some, Laundry- Separate Hook ups- Some, Natural Woodwork - some, Sump Pump
  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Laminate-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 1760

Exterior Features

  • Construction: Aluminum/Steel
  • Additional Exterior Features: Partially Fenced Yard
  • Number of Acres: 0.1377

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: 2 or More Spaces, Blacktop, Concrete, Parking Area, Shared

Utilities

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

Lot Info

  • Parcel Number: 140900-142-460-0004-038-100

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 4005

MLS Schools

  • School District Name: Lackawanna

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Mar 16, 2021
Sold by
Knight William and Knight Irene
Bought by
Seller's Agent
Rain Gerace
WNY Metro Roberts Realty
Buyer's Agent
AKM Husen
Howard Hanna WNY Inc.
List Price
$79,000
Sold Price
$81,000
Premium/Discount to List
$2,000
2.53%
Current Estimated Value
$156,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,105
Avg. Annual Appreciation
12.72%

Purchase Details

Closed on
Feb 5, 2020
Sold by
Moylan Jacqueline
Bought by
Knight William R and Knight Irene C

Purchase Details

Closed on
Aug 9, 2017
Sold by
Knight William P and Knight Irene C
Bought by
Knight William R and Knight Irene C

Purchase Details

Closed on
Mar 9, 1999
Sold by
Gilmore Nancy
Bought by
Knight Wm

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,200
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$81,000 None Available
Knight William R -- None Available
Knight William R -- None Available
Knight Wm $38,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $43,000
Previous Owner Knight Wm $34,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/18/2021 03/18/21 Sold $81,000 +2.5% $46 / Sq Ft
11/22/2020 11/22/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $79,000 -- $45 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 -- $86,000 $9,100 $76,900
2024 $3,113 $86,000 $9,100 $76,900
2023 $2,364 $86,000 $9,100 $76,900
2022 $2,634 $86,000 $9,100 $76,900
2021 $2,652 $86,000 $9,100 $76,900
2020 $919 $86,000 $9,100 $76,900
2019 $2,984 $54,000 $6,600 $47,400
2018 $1,704 $54,000 $6,600 $47,400
2017 $887 $54,000 $6,600 $47,400
2016 $1,833 $54,000 $6,600 $47,400
2015 -- $54,000 $6,600 $47,400
2014 -- $54,000 $6,600 $47,400
Source: Public Records

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Map

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

MLS Number: B1292465

Western New York Real Estate Information Services (WNYREIS)

APN: 140900-142-460-0004-038-100

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