Seller's Agent in 2024
Renee J. Moran
Red Door Real Estate WNY LLC
(716) 866-8361
8 in this area
275 Total Sales
131 Locust St Buffalo, NY 14204
Fruit Belt NeighborhoodEstimated Value: $183,000 - $204,000
4
Beds
2
Baths
1,772
Sq Ft
$111/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Property is Fully Fenced
- Carpet
- Forced Air Heating System
About This Home
As of July 2024Let's go!!!! This two unit property is ready for it's new owner. This one is perfect for both the investor and homeowner! The upper has a great month to month tenant paying $800 who would love to stay. The lower unit will be vacant and the proposed market rent is $1200. You can start collected $2000 very soon. Homeowners can close on this property and have the upper rent cover a good portion of their mortgage. Each unit has a living room, dining room, kitchen, two bedrooms and a bathroom. There is a full attic that is partially finished. There is a front and side porch as well as a fenced yard. This great opportunity is just a few blocks from the hospitals in the Buffalo Niagara Medical Campus/Fruit Belt neighborhood. This convenient location is a minute from downtown Buffalo and the Elmwood Village. This is a great opportunity to live in a beautiful and affordable home with low taxes!
Last Agent to Sell the Property
Listing by Red Door Real Estate WNY LLC Brokerage Phone: 716-866-8361 License #10491202951 Listed on: 05/10/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,011
Year Built
- Built in 1890
Lot Details
- 3,500 Sq Ft Lot
- Lot Dimensions are 35x100
- Property is Fully Fenced
Home Design
- Duplex
- Block Foundation
- Aluminum Siding
- Steel Siding
- Vinyl Siding
- Copper Plumbing
Interior Spaces
- 1,772 Sq Ft Home
- 2-Story Property
- Partial Basement
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- Gravel Driveway
- Paved Parking
Location
- Property is near public transit
Utilities
- Forced Air Heating System
- Space Heater
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 2 Units
- 20 Separate Gas Meters
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 26
- Assessor Parcel Number 140200-111-240-0005-026-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2024
Closed on
Jul 1, 2024
Sold by
Clarke Richard D
Bought by
Bugabo Francois Mbanza and Nyiramutarutwa Francoise
Seller's Agent
Renee J. Moran
Red Door Real Estate WNY LLC
Buyer's Agent
Derek Pew
Keller Williams Realty WNY
List Price
$179,900
Sold Price
$195,000
Premium/Discount to List
$15,100
8.39%
Views
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$811
Avg. Annual Appreciation
-1.47%
Original Mortgage
$30,000
Outstanding Balance
$29,794
Interest Rate
6.86%
Mortgage Type
Second Mortgage Made To Cover Down Payment
Estimated Equity
$162,017
Purchase Details
Closed on
May 1, 2020
Sold by
Gonzalez Gerson
Bought by
Clarke Richard D
Purchase Details
Closed on
Mar 11, 2020
Sold by
Gonzalez Gerson and Gonzalez Cristina
Bought by
Gonzalez Gerson
Purchase Details
Closed on
Jun 16, 2019
Sold by
Braun Robert
Bought by
Gonzalez Gerson and Gonzalez Cristina
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bugabo Francois Mbanza | $195,000 | None Available | |
| Bugabo Francois Mbanza | $195,000 | None Available | |
| Bugabo Francois Mbanza | $195,000 | None Available | |
| Clarke Richard D | $69,000 | None Available | |
| Clarke Richard D | $69,000 | None Available | |
| Clarke Richard D | $69,000 | None Available | |
| Gonzalez Gerson | -- | None Available | |
| Gonzalez Gerson | -- | None Available | |
| Gonzalez Gerson | -- | None Available | |
| Gonzalez Gerson | $70,000 | None Available | |
| Gonzalez Gerson | $70,000 | None Available | |
| Gonzalez Gerson | $70,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mbanzabugabo Francois | $30,000 | |
| Open | Bugabo Francois Mbanza | $147,130 | |
| Closed | Bugabo Francois Mbanza | $147,130 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/12/2024 07/12/24 | Sold | $195,000 | +8.4% | $110 / Sq Ft |
| 05/15/2024 05/15/24 | Pending | -- | -- | -- |
| 05/10/2024 05/10/24 | For Sale | $179,900 | -- | $102 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
Tax History Compared to Growth
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 | $324 | $64,000 | $4,000 | $60,000 |
| 2023 | $324 | $64,000 | $4,000 | $60,000 |
| 2022 | $322 | $64,000 | $4,000 | $60,000 |
| 2021 | $322 | $64,000 | $4,000 | $60,000 |
| 2020 | $104 | $64,000 | $4,000 | $60,000 |
| 2019 | $370 | $13,500 | $1,800 | $11,700 |
| 2018 | $349 | $13,500 | $1,800 | $11,700 |
| 2017 | $80 | $13,500 | $1,800 | $11,700 |
| 2016 | $329 | $13,500 | $1,800 | $11,700 |
| 2015 | -- | $13,500 | $1,800 | $11,700 |
| 2014 | -- | $13,500 | $1,800 | $11,700 |
Source: Public Records
Agents Affiliated with this Home
-
Renee J. Moran
-
Derek Pew
Buyer's Agent in 2024
Derek Pew
Keller Williams Realty WNY
(716) 598-8368
1 in this area
57 Total Sales
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1536264
APN: 140200-111-240-0005-026-000
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