NOT LISTED FOR SALE

1520 Electric Ave Buffalo, NY 14218

Estimated Value: $224,000 - $271,000

6 Beds
3 Baths
4,128 Sq Ft
$61/Sq Ft Est. Value

Last Sold June 28, 2021

Last sale price $165,500 $40 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,566/month

12 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Forced Air Cooling System
  • Partial Attic

About This Home

As of June 2021

Two-unit (could be 3) home with a lot of charm. This property can be a perfect investment property or live at home rental with a large two car garage. You do not want to miss out on this property. Sold as is. Sale includes the lot located at 1514 Electric (SBL# 140900-142-620-0002-009-000).

Last Agent to Sell the Property

Jeffrey Lorka

Listing by 716 Realty Group WNY LLC License #10401317484 Listed on: 04/05/2021

716 Realty Group WNY LLC

Last Buyer's Agent

Jeffrey Lorka

Listing by 716 Realty Group WNY LLC License #10401317484 Listed on: 04/05/2021

716 Realty Group WNY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,633

Year Built

  • Built in 1929

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 160 x 37
  • Fenced Yard

Home Design

  • Block Foundation

Interior Spaces

  • 4,128 Sq Ft Home
  • 2-Story Property
  • Partial Basement
  • Partial Attic

Flooring

  • Wood
  • Vinyl

Parking

  • 2 Car Garage
  • Driveway

Utilities

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

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 140900-142-620-0002-008-000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,633

Year Built

Built in 1929

Lot Details

0

Listing Details

  • NY Swis Code: Lackawanna-City-140900
  • Total Assessed Value: 130000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 160
  • Lot Dimension Front: 37
  • Lot Information: Neighborhood Street
  • Lot Number: 8
  • Nearest Cross Street: Ridge Road
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1201888.16
  • Ratio Close Price By Sq Ft: 40.09
  • Ratio List Price By Acres: 1089324.62
  • Ratio List Price By Sq Ft: 36.34
  • Regional Board Code: Buffalo
  • School Tax: 1668
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6000
  • Age of Building: 93
  • Year Built: 1929
  • Above Grade Finished Sq Ft: 4128
  • Directions To Property: Ridge Road to Electric Avenue
  • Sq Ft Total Pub: 4128
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1929

Interior Features

  • Additional Interior Features: Laundry- Separate Hook ups- Some, Laundry-Common
  • Attic Description: Partial
  • Basement Description: Partial
  • Floor Description: Hardwood-Some, Vinyl-Some
  • Total Sq Ft: 4128

Exterior Features

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

Garage/Parking

  • Number of Electric Meters: 3
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: 2 or More Spaces, Concrete

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Hot Water
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 140900-142-620-0002-008-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 5633

MLS Schools

  • School District Name: Lackawanna

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2021
Closed on
Jun 11, 2021
Sold by
Dominiak Julia B and Dominiak Eugene J
Bought by
Masud Akm Borhan and Begum Nazma
Seller's Agent
Jeffrey Lorka
716 Realty Group WNY LLC
Buyer's Agent
Jeffrey Lorka
716 Realty Group WNY LLC
List Price
$150,000
Sold Price
$165,500
Premium/Discount to List
$15,500
10.33%
Current Estimated Value
$250,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,495
Avg. Annual Appreciation
10.07%

Purchase Details

Closed on
Apr 1, 1996
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Masud Akm Borhan $165,500 None Available
Masud Akm Borhan $165,500 None Available
-- -- --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2021 06/28/21 Sold $165,500 +10.3% $40 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $150,000 -- $36 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $3,029 $130,000 $8,300 $121,700
2023 $2,832 $130,000 $8,300 $121,700
2022 $2,409 $130,000 $8,300 $121,700
2021 $1,716 $130,000 $8,300 $121,700
2020 $1,361 $130,000 $8,300 $121,700
2019 $3,507 $92,000 $5,100 $86,900
2018 $1,572 $92,000 $5,100 $86,900
2017 $1,154 $92,000 $5,100 $86,900
2016 $1,856 $92,000 $5,100 $86,900
2015 -- $92,000 $5,100 $86,900
2014 -- $92,000 $5,100 $86,900
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1327759

Western New York Real Estate Information Services (WNYREIS)

APN: 140900-142-620-0002-008-000