J
Seller's Agent in 2019
John Schmitt
No Office Affiliation
Estimated Value: $220,219
--
Bed
--
Bath
4,800
Sq Ft
$46/Sq Ft
Est. Value
Highlights
- Partial Attic
- Corner Lot
- Ceramic Tile Flooring
- Depew High School Rated A-
- Forced Air Cooling System
- Space Heater
About This Home
As of January 2019Huge brick 4 unit cash cow in Depew, near the corner of Transit Rd and Walden Avenue. Complex has three 2 bedroom apartments, and one large 3 bedroom apartment, with almost 500 sq.ft of extra space that can be converted into a 5th unit / storage. All 4 units are currently rented and have long term leases in place. Property currently generates $2,200 / month in rent income, with room to raise after lease terms end. Great cash flow property for any turnkey investors at a DISCOUNT PRICE! Property will not last long!!!
Last Agent to Sell the Property
John Schmitt
Listing by No Office Affiliation License #10401308455 Listed on: 08/05/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,983
Year Built
- Built in 1900
Lot Details
- 4,200 Sq Ft Lot
- Lot Dimensions are 120 x 35
- Corner Lot
- Rectangular Lot
Parking
- 4 Car Garage
Home Design
- Mixed Use
- Partial Copper Plumbing
Interior Spaces
- 4,800 Sq Ft Home
- 2-Story Property
- Partial Attic
- Gas Cooktop
Flooring
- Wall to Wall Carpet
- Laminate
- Ceramic Tile
Basement
- Partial Basement
- Crawl Space
Utilities
- Forced Air Cooling System
- Multiple Heating Units
- Space Heater
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Rent includes refuse removal, water
- Tax Lot 50
- Assessor Parcel Number 145201-104-550-0001-050-000
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Gross Income $2,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 18, 2024
Sold by
Mcfarland Enterprises Llc
Bought by
Mcfarland Riley
Total Days on Market
8
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Outstanding Balance
$208,564
Interest Rate
6.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 18, 2022
Sold by
Sun Che Nan and Li Fei Wen
Bought by
Mcfarland Enterprises Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Aug 5, 2018
Closed on
Nov 28, 2018
Sold by
Baker Albert A and Baker Jennifer A
Bought by
Sun Che Nan and Li Fei Wen
Seller's Agent
John Schmitt
No Office Affiliation
Buyer's Agent
Collyn Christian
Towne Housing Real Estate
List Price
$109,500
Sold Price
$118,000
Premium/Discount to List
$8,500
7.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,750
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 25, 2004
Sold by
May Francis C
Bought by
Baker Albert A and Baker Jennifer A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.3%
Mortgage Type
Seller Take Back
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 |
|---|---|---|---|
| Mcfarland Riley | -- | None Available | |
| Mcfarland Riley | -- | None Available | |
| Mcfarland Enterprises Llc | $175,000 | None Available | |
| Mcfarland Enterprises Llc | $175,000 | None Available | |
| Mcfarland Enterprises Llc | $175,000 | None Available | |
| Sun Che Nan | $117,000 | None Available | |
| Sun Che Nan | $117,000 | None Available | |
| Sun Che Nan | $117,000 | None Available | |
| Baker Albert A | $60,000 | -- | |
| Baker Albert A | $60,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mcfarland Riley | $210,000 | |
| Closed | Mcfarland Enterprises Llc | $180,000 | |
| Previous Owner | Sun Che Nan | $87,750 | |
| Previous Owner | Baker Albert A | $94,587 | |
| Previous Owner | Baker Albert A | $95,200 | |
| Previous Owner | Baker Albert A | $50,000 | |
| Previous Owner | Schuler Christopher L | $75,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/04/2019 01/04/19 | Sold | $118,000 | +7.8% | $25 / Sq Ft |
| 08/13/2018 08/13/18 | Pending | -- | -- | -- |
| 08/05/2018 08/05/18 | For Sale | $109,500 | -- | $23 / 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 | -- | $120,000 | $6,000 | $114,000 |
| 2023 | $5,328 | $120,000 | $6,000 | $114,000 |
| 2022 | $4,923 | $120,000 | $6,000 | $114,000 |
| 2021 | $3,482 | $120,000 | $6,000 | $114,000 |
| 2020 | $4,672 | $120,000 | $6,000 | $114,000 |
| 2019 | $2,951 | $78,000 | $4,600 | $73,400 |
| 2018 | $4,309 | $78,000 | $4,600 | $73,400 |
| 2017 | $1,199 | $78,000 | $4,600 | $73,400 |
| 2016 | $4,137 | $78,000 | $4,600 | $73,400 |
| 2015 | -- | $78,000 | $4,600 | $73,400 |
| 2014 | -- | $78,000 | $4,600 | $73,400 |
Source: Public Records
Agents Affiliated with this Home
-
-
Collyn Christian
Buyer's Agent in 2019
Collyn Christian
Towne Housing Real Estate
(716) 998-1650
23 Total Sales
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1139123
APN: 145201-104-550-0001-050-000
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