Seller's Agent in 2023
David Blanchard
Keller Williams Realty Lancaster
(716) 474-7024
171 in this area
279 Total Sales
16 Mechanic St Ellicottville, NY 14731
Estimated Value: $409,000 - $575,461
3
Beds
2
Baths
3,960
Sq Ft
$124/Sq Ft
Est. Value
Highlights
- Deck
- Woodwork
- Zoned Heating
- 2 Fireplaces
- Patio
- Programmable Thermostat
About This Home
As of February 2023Looking for the perfect Multi-Family Property in the heart of the Village of Ellicottville? Walk to the all the amazing shops and restaurants in town, and your just mins to both ski resorts. Look no further than this two-home property, with amazing rental potential. Currently being used as an income property, you could easily make one unit a private owners suite & rent the other 2 year-round. The front Home features 3 bdrms and 2 full baths, as well as a large front porch & laundry room off the back. The lower Level Features a large kitchen with ample storage, a formal dinning area and a large living room with a gas fireplace, a full bath & bedroom. Upstairs are 2 more bedrooms & a full bath. Newer furnace & Hot Water. The Back Upper apartment features 3 bdrms & a full bath. A full Kitchen living /dining combo & washer/Dryer. The Back Lower apartment features 3 bdrms & one full bath. Updated throughout with a full Kitchen, living/dining combo, a large kitchen w/plenty of cabinet space. This unit also has a washer & Dryer. Plenty of Parking for renters/Guests. 24-hour notice is a must to view the property. Current leases must be honored see attachment.
Last Agent to Sell the Property
Listing by Keller Williams Realty Lancaster Brokerage Phone: 716-474-7024 License #10301201493 Listed on: 11/18/2022
Last Buyer's Agent
Listing by Keller Williams Realty Lancaster Brokerage Phone: 716-474-7024 License #10301201493 Listed on: 11/18/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,174
Year Built
- Built in 1948
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 66x196
Home Design
- Vinyl Siding
Interior Spaces
- 3,960 Sq Ft Home
- 1-Story Property
- Woodwork
- Ceiling Fan
- 2 Fireplaces
- Window Treatments
- Sliding Doors
- Basement Fills Entire Space Under The House
- Washer Hookup
Flooring
- Carpet
- Laminate
- Vinyl
Parking
- 2 Parking Spaces
- Gravel Driveway
Outdoor Features
- Deck
- Patio
Schools
- Ellicottville Elementary School
- Ellicottville Middle High School
Utilities
- Zoned Heating
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- Gravity Heating System
- Programmable Thermostat
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Rent includes snow removal, water
- Tax Lot 34
- Assessor Parcel Number 043601-055-035-0001-034-000-0000
Community Details
Overview
- 3 Units
Building Details
- 2 Separate Gas Meters
- Gross Income $39,240
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 18, 2022
Closed on
Feb 23, 2023
Sold by
16 Mechanic Street Llc
Bought by
Stoll William A and Courtney Jennifer L
Seller's Agent
David Blanchard
Keller Williams Realty Lancaster
Buyer's Agent
David Blanchard
Keller Williams Realty Lancaster
List Price
$515,000
Sold Price
$470,000
Premium/Discount to List
-$45,000
-8.74%
Views
76
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
$31,862
Avg. Annual Appreciation
3.95%
Original Mortgage
$453,867
Outstanding Balance
$442,567
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$74,453
Purchase Details
Listed on
Oct 29, 2011
Closed on
Sep 10, 2012
Sold by
Brown James
Bought by
16 Mechanic Street Llc
Seller's Agent
Louise Oeffling
No Office Affiliation
Buyer's Agent
Louise Oeffling
No Office Affiliation
List Price
$289,500
Sold Price
$200,000
Premium/Discount to List
-$89,500
-30.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.51%
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 |
|---|---|---|---|
| Stoll William A | $470,000 | None Available | |
| 16 Mechanic Street Llc | $200,000 | Jay Pohlman |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Stoll William A | $453,867 | |
| Previous Owner | 16 Mechanic Street Llc | $228,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/24/2023 02/24/23 | Sold | $470,000 | -5.1% | $119 / Sq Ft |
| 01/19/2023 01/19/23 | Pending | -- | -- | -- |
| 12/04/2022 12/04/22 | Price Changed | $495,000 | -3.9% | $125 / Sq Ft |
| 11/18/2022 11/18/22 | For Sale | $515,000 | +157.5% | $130 / Sq Ft |
| 09/10/2012 09/10/12 | Sold | $200,000 | -30.9% | $51 / Sq Ft |
| 06/19/2012 06/19/12 | Pending | -- | -- | -- |
| 10/29/2011 10/29/11 | For Sale | $289,500 | -- | $73 / 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 | $7,251 | $202,500 | $29,500 | $173,000 |
| 2023 | $5,780 | $202,500 | $29,500 | $173,000 |
| 2022 | $5,280 | $202,500 | $29,500 | $173,000 |
| 2021 | $4,619 | $202,500 | $29,500 | $173,000 |
| 2020 | $6,433 | $202,500 | $29,500 | $173,000 |
| 2019 | $1,713 | $202,500 | $29,500 | $173,000 |
| 2018 | $5,169 | $202,500 | $29,500 | $173,000 |
| 2017 | $5,077 | $202,500 | $29,500 | $173,000 |
| 2016 | $5,062 | $202,500 | $29,500 | $173,000 |
| 2015 | -- | $202,500 | $29,500 | $173,000 |
| 2014 | -- | $202,500 | $29,500 | $173,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
L
Seller's Agent in 2012
Louise Oeffling
No Office Affiliation
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1445557
APN: 043601-055-035-0001-034-000-0000
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