Seller's Agent in 2023
Noah Munoz
Iconic Real Estate
(716) 404-5470
27 in this area
303 Total Sales
1514 Main St Niagara Falls, NY 14305
East Side NeighborhoodEstimated Value: $73,208
4
Beds
2
Baths
7,810
Sq Ft
$9/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Forced Air Cooling System
- Property is near a bus stop
- Partial Attic
About This Home
As of July 2023Welcome to 1514 Main St. Come check out this wonderful investment which holds a high potential ROI. This is an opportunity for someone looking to add to their portfolio or for those who are just starting to invest. There are 2 buildings on one lot and a total of 5 residential units and 1 Commercial store front: 2 units above the storefront, one behind the storefront, and a duplex situated right behind the main building. This is a great location for tenants as it's within walking distance to Abate Elementary School, Tops Friendly Market, and the gorge/scenic trail and much more. This area is right in the heart of downtown Niagara Falls where millions of dollars are being invested.
Last Agent to Sell the Property
Listing by Iconic Real Estate License #10401311565 Listed on: 02/20/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,953
Year Built
- Built in 1922
Lot Details
- 5,202 Sq Ft Lot
- Lot Dimensions are 136 x 38
Home Design
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 7,810 Sq Ft Home
- 2-Story Property
- Partial Basement
- Partial Attic
Flooring
- Wood
- Wall to Wall Carpet
Location
- Property is near a bus stop
Schools
- Harry F Abate Elementary School
- Charles B Gaskill Middle School
- Niagara Falls High School
Utilities
- Forced Air Cooling System
- Multiple Heating Units
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Rent includes water
- Tax Lot 39
- Assessor Parcel Number 291100-144-054-0002-039-000
Community Details
Overview
- 4 Units
- Mile Reserve Community
- Mile Reserve Subdivision
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 16, 2012
Sold by
Loucks Thomas R and Loucks Phyllis M
Bought by
Chapman Emma H and Chapman Jerry K
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
$16,500
Interest Rate
4.01%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 10, 2012
Sold by
Robbins Frances M and Burgio Frances M
Bought by
Chapman Emma H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
3.98%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Mar 30, 2009
Sold by
Great Lakes Real Estate Inc
Bought by
Chapman Jerry and Chapman Emma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
4.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 28, 1998
Sold by
Rinaldo Earl P
Bought by
Chapman Emma H and Chapman Jerry K
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 |
|---|---|---|---|
| Chapman Emma H | $21,000 | None Available | |
| Chapman Emma H | $25,000 | None Available | |
| Chapman Jerry | $28,000 | None Available | |
| Chapman Emma H | $50,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Assignment Of Rents And Securi | $286,250 | |
| Closed | Chapman Emma H | $16,500 | |
| Previous Owner | Chapman Emma H | $20,000 | |
| Previous Owner | Chapman Jerry | $15,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2023 07/07/23 | Sold | $162,500 | -18.3% | $21 / Sq Ft |
| 03/30/2023 03/30/23 | Pending | -- | -- | -- |
| 02/20/2023 02/20/23 | For Sale | $199,000 | -- | $25 / 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 | $2,390 | $55,000 | $4,800 | $50,200 |
| 2023 | $2,390 | $40,000 | $4,800 | $35,200 |
| 2022 | $1,170 | $40,000 | $4,800 | $35,200 |
| 2021 | $1,170 | $40,000 | $4,800 | $35,200 |
| 2020 | $776 | $40,000 | $4,800 | $35,200 |
| 2019 | $745 | $40,000 | $4,800 | $35,200 |
| 2018 | $1,149 | $40,000 | $4,800 | $35,200 |
| 2017 | $745 | $40,000 | $4,800 | $35,200 |
| 2016 | $1,117 | $40,000 | $4,800 | $35,200 |
| 2015 | -- | $40,000 | $4,800 | $35,200 |
| 2014 | -- | $40,000 | $4,800 | $35,200 |
Source: Public Records
Agents Affiliated with this Home
-
Noah Munoz
-
Jayson Parker
Seller Co-Listing Agent in 2023
Jayson Parker
Iconic Real Estate
(716) 266-5805
8 in this area
109 Total Sales
-
Denice Taylor
Buyer's Agent in 2023
Denice Taylor
Affordable Dreams Real Estate, Inc
(716) 462-7337
1 in this area
56 Total Sales
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1455471
APN: 291100-144-054-0002-039-000
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